Narang Group - Group Finance Controller

Job Title : Group Finance Controller

Department : Finance

Reporting Supervisor : CMD

JOB PURPOSE :

The Finance Controller has direct responsibility for the organization's budget, finance, and operations-related activities, from assisting in developing a fiscal strategy to creating projections. He/She needs to establish and maintain financial and management procedures & ensure compliance with all regulatory requirements

KEY RESPONSIBILITIES :

Core Responsibilities :

Budgeting, Planning & Business Reviews :

- Preparation & finalization of Annual Budgets, Business Plans & Strategy Planning

- Preparation of MIS (Flash Reports, Cash Flows, Business Report) & adhoc reports

- Setting up Category/Product Wise and overall margins for business and regular monitoring

- Identifying Key Value Drivers of Business, controlling and maximizing profits

- Monthly Financial Review & Monthly Business Review, End of Year Review

- Overheads control and Analysis and tracking Currency Impact on same

- Minimizing Currency impact on business in case of currency devaluation

- Providing business support by implementing adequate reporting structure (daily, weekly, monthly and quarterly)

- Handling reporting requirements of various Board Committees & Quarterly Board Meetings.

Finance, Accounts & Audits :

- Handling Finance & Accounts of Multiple Legal Entities as per Group Accounting Practices

- Managing Risk Limits for various BU (Credit Risk, Counter Party Risk, Stock Risk and Basis Risk)

- Managing Working Capital of multiple location and multi banking systems and daily fund management, utilization of limits & minimizing OD interest element

- Monitoring stocks positions at multiple locations and Implementing Stock controls minimizing stock losses & slow moving stocks

- Handling Year End Finalization of Accounts and Internal/Statutory Audits

Compliances, Legal & Relationship Management :

- Relationship management with various Govt. agencies like Tax Authorities, Customs, Immigration, Ministry, Investment Promotion Council, Central Bank & normal Banking relationships

- Ensure all applicable statutory compliance & Implementing Compliance Monitoring System for multiple city operations and multiple legal entities

- Operational & Commercial vetting of Legal agreements, Terms of Trade, Backend Margins & finalization of MOU/Lease Agreements

People Responsibilities :

- Finance & Accounts Team

JOB REQUIREMENTS

Minimum Qualifications :

- MBA Finance/Chartered Accountant with relevant Experience

Experience :

- 10 to 15 Years