Assistant Financial Controller

Employer
Confidential
Location
Mumbai
Posted
Jun 17, 2024
Closes
Jul 01, 2024
Ref
4736894778
Work Mode
Hybrid
Hours
Full Time
Organization Type
Corporate
Karkhana.io is a flexible & turn-key manufacturing solutions provider. We have built a tech-enabled marketplace for custom manufacturing with an aim to transform the manufacturing sector in India. With our proprietary platform, we enable buyers to source custom-built parts and assemblies efficiently while empowering sellers of manufacturing services to grow their business.

We deliver custom build products, precision parts, and sub-assemblies to OEMs with the help of in-house engineering experts, and 400+ certified manufacturing suppliers.

On this quest to transform manufacturing, we know that our greatest asset is our team. We are looking for a marketing professional who is keen to build Indiaâs foremost manufacturing services brand and be a part of the team to realize the vision for #MakeInIndia together.

Title â Assistant Financial Controller

Location â Mumbai / Bangalore

Key Responsibilities:

Financial Planning & Analysis:
  • Active Participation in the Annual Planning Process in coordination with all stakeholders.
  • Lead the production of quarterly re-forecasts basis actual trend. Preparation of rolling forecasts taking into consideration operational information and trends and reporting the same to key stakeholders.
  • Responsible for generating, reviewing, creating, and distributing periodic management reports.
  • Investor reporting on a periodic basis
  • Responsible for producing adhoc financial analysis and requests as needed to support key findings
  • Capture the metrics both at an organization level and functional level.
  • Preparation and control of budgets at consolidated and business unit levels with inputs from various departments/stakeholders and ensure periodic reporting of plan versus actual results.


Treasury:
  • Formulate guidelines for investment strategy & Debt management
  • Liaison with Banks and Institutions, preparing Credit Monetary appraisal, for arranging the working capital & term debt to fund the operations.
  • Keeping a check on the financial covenants, agreed with the banks and institutions and incorporate the same in the monthly reporting and provide early warnings for deviation of any.
  • Ensuring the surplus are invested in market securities as per agreed treasury guidelines and continuously monitored optimizing the return


Taxation & Compliance:
  • Income tax â Tax planning, Tax computations, periodic tax assessments in liaison with the tax consultants
  • FEMA â compliance with the periodic filings and reporting in consultation with consultants
  • Researching on applicability of new law if the organisation expands outside India and identifying the regulatory support needed for the organisation
  • Keeping an overall check on the compliance calendar and reporting the same


Business Finance:
  • Formulate the Capital allocation strategy in consultation with the management and periodically updating the same.
  • Develop strong working relationships with business leaders and an understanding of the business to provide tailored finance support to each team
  • Design and implement key performance indicators to track and review major profit levers/parameters providing early warning signals to all stake holders for corrective action
  • Business enablement â assist business in formulating guidelines, policies, processes, new initiatives such as â New sector identifications, Prototype engagements, pricing & margin structures, statutory implications on new deal structures, new geo expansions etc.,
  • Active participation in business reviews and monitor performance of business/growth and key performance indicators
  • Preparing benchmarking analysis, market trends and associated commentary for leadership team
  • Assist business in effective working capital management


Statutory audit & Internal Financial Control
  • Responsible for ensuring best in class accounting practices, compliances and adherence to accounting standards
  • Review the companyâs accounting information for completeness, consistency and accuracy of financial information and to identify and help resolve inaccuracies, inconsistencies or imbalances
  • Ownership of chart of accounts, delegation of authority, approving GL creation as per SOP defined
  • Monitoring the periodic book closing activities and reporting process including account analysis and reconciliation
  • Managing the audit process, coordinate the provision of information and serving as a liaison with external auditors
  • Preparation of financial statements in compliance with applicable standards
  • Undertaking internal audits to ensure the company meets its financial, operational and compliance objectives. Review of Risk Control Matrix and proposing controls to mitigate key risks.


Knowledge, Skills & Abilities
  • Chartered Accountant with 4-7 years of post- qualification experience in any reputed organization
  • Solid knowledge of GAAP (Generally Accepted Accounting Principles) and regulations.
  • Possess strong analytical skills and Business acumen
  • Possesses Good communication skills and attention to detailing
  • Ability to spearhead projects and programs, which are transformational in nature
  • Ability to proactively collaborate with other functional spocâs and leads

Skills: Gaap, Taxation, Financial Statements, Treasury, Compliance, Financial Planning, Financial Control, Internal Audit

Experience: 4.00-7.00 Years