State Finance Controller - Karnataka - ( Location : Chitradurga )
Qualification : CA qualified
Exp: 10- 15 Years
Key Skills : Business Planning, Inventory, Cost Reduction, Commercial Negotiation With Vendors / Customers, Book Closing, Knowledge Of Sap, Gst,
JOB RESPONSIBILITIES
Management of Collections from customers
1. Raise invoices on customers in tandem with CRM
2. Follow up for early payments
3. Ensure collection and deposit into bank accounts
Budgetary Control
1. Prepare the state budget in tandem with corporate and state functions & finalize the same
2. Review and monitor the budget, budgetary allocations outlays and expenses to exercise budgetary control
3. Compute and track the variances vis-a-vis the budget so as to keep them in permissible limits (+ - 5%)
Fund Allocation & working capital management
1. Prepare the cash flows for the state in view of cash realization schedules
2. Prioritize the heads of expenses in view of criticality, impact, company image etc and prepare a payment plan
3. Allocate funds under different heads on ongoing basis and tweak the logic in view of experience and ground realities
4. Manage other aspects of working capital for enabling effectivization of OMS operations
Statutory Compliance
1. Prepare and maintain a tracker of statutory obligations with the time frame
2. Ensure 100% compliance to the statutory tracker
3. Monitor the compliances on a regular basis
MIS reports
1. Prepare P&L, NOWC report and Expenses Analysis in a pre-stipulated time frame
2. Prepare other reports and MIS for better financial management and as a feed forward to Senior leadership
Cost Management & control
1. Keep OPEX, Fixed cost and COGS under focus so as to continuously drive down the same
2. Examine the major heads like rent, security for continual reductions
Pricing
1. Undertake pricing activities
2, Provide pricing inputs while finalization of contracts for revenue maximization
3. Ensure differential pricing for any value-add services beyond the standard framework
Risk Management
1. Identify major financial risks and prepare a risk mitigation plan
2. Put in place a system of checks and balances
3. Prepare the schedules for physical verification of inventory, cash and other assets to ensure the prevalence of ethical standards
Prior exposure and familiarity:
1. Prior hands-on experience of budgeting, budgetary control, variance analysis and cost management is a prerequisite.
Salary: other
Industry: Oil and Gas / Energy / Power / Infrastructure
Functional Area: Financial Services, Banking, Investments, Insurance
Role Category: Retail/Personal Banking
Role: Regional Manager
Employment Type: Permanent Job, Full Time
Key skills
Business Planning Inventory Cost Reduction GST
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