Parksons Packaging - General Manager - Finance Controller - Corporate Accounts Team

GM - Finance Controller for Mumbai

Exp range: 12 to 15 yrs post qualification

Role: Lead Corporate Controller

Position Title : GM - Corporate Controller

Department : Finance & Accounts

Reporting To: CFO

Reportees: 4 - 6

Education : A Master's Degree in accounting or a Master's Degree in business Administration (Finance) / C.A.

Basic Function :

The position shall be responsible for leading the Corporate Accounts team for ensuring timely preparation of sales and purchase accounts, general ledger, profit and loss and balance sheets as per the statutory requirements and act as a strategic advisor to the CFO.

KEY PERFORMANCE AREAS :

- Accurate and Timely preparation of monthly / Quarterly financial statements and Annual Reports

- Implementation and Adherence to accounting standards

- Effective internal control procedures

- Effective Fixed Asset Management

- Ensure Timely preparation of MIS reports

- Adherence to statutory compliance

- Accurate and Timely payments are made to the all the Vendors and Suppliers

KEY ACTIVITIES & RESPONSIBILITIES : 

Strategic Support : 

- Advise CFO on key strategic issues by presenting financial information to back the strategic decision making process

- To focus on building financial strength by way of introducing, implementing and sustaining financial operations best practices

- Identify market opportunities and provide market intelligence for new business opportunities

Accounting Policy Management : 

- Develop the accounting policies, procedures and processes, lead the implementation of the same and periodically review for adherence for the same

- Institutionalize and monitor implementation on reporting of financial numbers by plants and business units

- Update and maintain the corporate accounting policy manual / SOP- s

- Provide expertise in recommending enhancements and/or additions to the company's existing Accounting Policy Manual / SOPs

Accounting Management :

- Ensure implementation of financial control systems including proper systems and procedures for approval, passing and booking expenses

- Direct the preparation of all financial reports, including income statements, balance sheets, tax returns and reports for government regulatory agencies

- Prepare the company & consolidated accounting statement and Balance Sheet in a timely and accurate manner under the existing regulatory framework

- Address queries raised by Investors and Stakeholders on accuracy and veracity of accounting information shared

- Ensure timely and complete consolidation of financial statements of Indian and Overseas companies as per applicable GAAP. This includes translation and consolidation of books of accounts

- Analyze the organization's annual, quarterly and monthly budgets, and advise on the ways to decrease the expenses of the organization

- Create a more robust and relevant reporting platform, enhancing speed, accuracy, depth and relevance of financial reporting

Working Capital Management / Cash Flow Management

- Ensure and review bank reconciliation for all units including HO

- Set norms for cash management and working capital for the units to enable prudent financial management and review the same frequently.

- Ensures timely payments of vendor invoices and maintains accurate records and control reports

- Coordinate with Sales team from time to time on collection schedule and status.

Unit Accounting

- Coordinate, control and monitor the cost and fixed assets at the units

- Prepare and review budgets versus actual and highlight any discrepancies to the Unit Head

- Ensure accurate accounting of inventory for managing future forecasting and effective working capital management

- Ensure cash flow management and effective utilization of available funds

- Maintain Unit level P & L statement & EBITDA level on weekly basis

- Ensure all entries related to excise and dispatch have been accurately entered in books of accounts and ERP system - ensure timely submission of same to HO/ Excise department to claim benefits

- Responsible for petty cash management at the unit

- Ensure the unit is compliant on all statutory compliances

Financial Controls & Audit: 

- Develop and produce the key operating indicators of the business, monitors variation from standard, and develops action plans for the same in conjunction with the CFO

- Support in cost audits with established parameters and take efforts to correct deviations

- Conduct audits of departmental accounting data, identify discrepancies and take corrective measures

- Provide support in external audits and work towards reducing adverse audit observations

- Ensure that internal controls are in place and followed by all accounting and financial team so as to enhance security and minimize opportunity for fraud

- Prepare reports for auditors and regulators

Reporting Documentation and Analysis: 

- Analyze revenue and expenditure trends and the variances and recommend appropriate budget levels, and ensure expenditure control

- Ensure maintenance and updation of all the subsidiary books/registers of accounts viz - stock register, inventory register, Contractor Ledger and other related records/registers.

- Interact with internal and external auditors in completing audits

People Management : 

- Manage performance of the team and ensure that team is working in line with organizational value system

- Ensure team is adequately trained and proactively work with HR at capability enhancement of team

- Conduct effective performance appraisals for the team and provide regular feedback

- Direct Taxation