ACUMEUS SOLUTIONS
Website:
acumeus-solutions.com
Job details:
Job Description
Designation: Finance Controller
Location: Bangalore
The Finance Controller is responsible for the accuracy and integrity of financial records, ensuring compliance with regulations, manages financial reporting, and provides financial analysis to support strategic decision-making.
Responsibilities
Financial Planning and Analysis:
- Lead the development and monitoring of annual budgets, financial forecasts, and long-term financial plans.
- Conduct in-depth financial analysis, including variance analysis, profitability analysis, and KPI reporting.
- Align financial goals of the Annual Operating Plan (AOP) with business objectives.
- Track sales performance by channels and regions, identify revenue growth drivers and assess the impact of discounts, promotions, and loyalty programs on profitability.
- Evaluate ROI for retail store expansion, e-commerce scaling, and marketing investments.
- Support strategic decisions on pricing, expansion, and funding.
- Provide financial insights and recommendations to support business decision- making.
Financial Reporting Compliance
- Ensure accurate and timely preparation of financial statements (IFRS/GAAP) and management reports.
- Oversee all statutory, tax, and regulatory compliance, including filings.
- Manage both internal and external audits. Identify and mitigate financial risks.
- Maintain strong internal controls (SOX, IFC) and risk management frameworks.
Cost Optimization Business Finance
- Drive cost reduction initiatives and improve operational efficiency.
- Evaluate the financial impact of strategic initiatives and business decisions.
- Manage vendor relationships, payment processes, and insurance.
Treasury Working Capital Management
- Oversee cash flow management, fund management and banking relationships.
- Optimize working capital, including accounts receivable, accounts payable, and inventory management.
- Manage credit risk and implement effective credit control policies.
- Ensure compliance with foreign exchange regulations, financial derivatives, and hedging strategies.
- Review and negotiate bank loans, overdraft limits and interest rates for financial optimization.
Financial Systems Process Improvement
- Lead the implementation and optimization of financial systems (ERP, financial automation tools, Power BI, etc).
- Develop and implement SOPs for financial controls, reporting and governance.
- Lead process re-engineering initiatives to improve financial workflows and decision-making.
Candidate Profile
- Bachelor's degree in Accounting, Finance, or a related field, Master's degree or professional certifications.
- CA-certified (mandatory) from ICAI.
- 35 years of post-CA experience in FC or core finance roles.
- Experience in retail, e-commerce, FMCG, or multi-store business models.
- Preferably part of the IPO journey preparing documentation, audit readiness, internal controls, due diligence, or financial restructuring.
- Experience in managing a finance team and leading financial operations.
- Expertise in Financial Reporting Analysis, FPA and Business Finance.
- Strong knowledge of SAP, Oracle, Power BI and financial automation tools.
- Hands-on experience with taxation, audits, risk management and compliance.
Knowledge Skills
- Accounting Principles: In-depth knowledge of generally accepted accounting principles and their application.
- Financial Reporting: Extensive experience in preparing and analyzing financial statements, ensuring accuracy and compliance with accounting standards.
- Taxation: Strong understanding of tax regulations and experience in overseeing the preparation and filing of tax returns.
- Internal Controls: Expertise in establishing and maintaining effective internal control procedures to ensure financial integrity.
- Audit Management: Proven ability to coordinate and manage external audits, addressing audit findings and implementing corrective actions.
Financial Acumen
- Budgeting and Forecasting: Demonstrated experience in contributing to the development of budgets and financial forecasts, with a track record of effective monitoring and analysis of budget variances.
- Cash Flow Management: Proven ability to manage cash flow effectively, optimizing liquidity and working capital efficiency.
- Financial Analysis: Strong analytical skills to provide insights into financial performance, trends, and opportunities for improvement.
- Risk Management: Expertise in identifying, assessing, and mitigating financial risks.
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