Website:
nvistra.com
Job details:
Prism Pharma Machinery Hiring:Senior Financial Controller
Company Overview
Prism Pharma Machinery is one of India’s leading pharmaceutical machinery manufacturers, headquartered in Ahmedabad, Gujarat. Established in 2004, the company designs, manufactures, and exports a comprehensive range of process equipment for the pharmaceutical, nutraceutical, chemical, and food industries. With over 1,000 machines installed across 65+ countries and a 10,000 m² manufacturing facility, Prism Pharma serves 800+ global clients with solutions spanning granulation, drying, mixing, milling, tabletting, coating, pelletizing, material conveying, and process automation.
Role Summary
The Senior Financial Controller will lead all financial operations for Prism Pharma Machinery, reporting directly to the Managing Director and Board of Directors. This role provides strategic financial leadership across domestic and international business lines and demands deep expertise in multi-currency transactions, foreign trade finance, international banking relationships, Indian statutory compliance, and financial planning & analysis (FP&A). The ideal candidate is a meticulous, detail-oriented finance professional who thrives in a manufacturing and export-driven environment and can translate complex financial data into actionable business insights through robust KPI reporting and executive dashboards.
Key Responsibilities
Financial Management & Reporting
- Own end-to-end financial operations including general ledger management, month-end close, and statutory financial statement preparation under Indian GAAP / Ind AS.
- Design and maintain comprehensive KPI dashboards covering revenue, gross margin, EBITDA, working capital, DSO, inventory turns, export realisation rates, and project-level profitability.
- Prepare timely and accurate monthly, quarterly, and annual financial reports for the Managing Director and Board of Directors.
- Establish and enforce robust internal controls, accounting policies, and SOPs across all financial processes.
Domestic & Foreign Transaction Management
- Manage all aspects of domestic and international trade finance, including letters of credit (LC), bank guarantees, export documentation, and FEMA/RBI compliance.
- Oversee multi-currency accounting, foreign exchange exposure management, and hedging strategies to minimise currency risk across USD, EUR, GBP, AED, RUB, and other trade currencies.
- Handle export incentive schemes (MEIS/RoDTEP, Advance Authorisation, EPCG), customs duty drawback, and GST refund processes.
- Coordinate with banks, customs brokers, freight forwarders, and regulatory authorities for seamless cross-border transaction processing.
- Ensure accurate reconciliation of foreign receivables, LC proceeds, and correspondent banking settlements.
Financial Planning & Analysis (FP&A)
- Lead the annual budgeting process, rolling forecasts, and long-range financial planning aligned with the company’s growth trajectory and export strategy.
- Build and maintain dynamic financial models for scenario analysis, capital expenditure evaluation, and new product/market entry assessments.
- Conduct variance analysis against budget and prior periods, identifying trends, risks, and opportunities with actionable recommendations.
- Develop and present monthly business review packs with financial commentary, trend analysis, and forward-looking projections to senior leadership.
- Evaluate and implement FP&A tools and BI platforms (e.g., Power BI, Tally integration, advanced Excel models) to enhance reporting capabilities and data-driven decision-making.
Taxation & Statutory Compliance
- Ensure full compliance with GST (domestic and export), TDS, advance tax, income tax, and all applicable Indian tax regulations.
- Manage statutory audits, tax assessments, transfer pricing documentation, and regulatory filings with external auditors and consultants.
- Stay current with changes in Indian tax law, DGFT policies, customs regulations, and foreign trade policy impacting the pharmaceutical machinery sector.
Treasury & Working Capital Management
- Optimise cash flow management, working capital cycles, and banking relationships to support both domestic operations and export growth.
- Build and maintain relationships with multiple domestic and international banks, understanding country-specific banking preferences and correspondent banking networks required for trade with markets across the Middle East, Eastern Europe, CIS nations, Africa, and Asia.
- Manage fund-based and non-fund-based credit facilities, including packing credit, post-shipment finance, and PCFC/PSFC instruments.
- Negotiate banking terms, LC confirmation charges, and forex conversion rates across multiple banking partners to optimise transaction costs.
- Prepare and present cash flow projections, liquidity analysis, and capital allocation recommendations.
Team Leadership & Process Improvement
- Lead, mentor, and develop the finance and accounts team, fostering a culture of accuracy, accountability, and continuous improvement.
- Drive ERP system optimisation and automation initiatives to improve financial process efficiency and reporting speed.
- Collaborate cross-functionally with Sales, Operations, Procurement, and Engineering teams to provide financial insights that support strategic decision-making.
Qualifications & Requirements
Experience
- 10–15 years of progressive finance experience, with at least 5 years in a senior controllership or finance leadership role.
- Significant exposure to manufacturing industry financials, preferably in pharmaceutical machinery, capital equipment, or industrial engineering sectors.
- Proven track record managing domestic and foreign transactions, including export documentation, FEMA compliance, and multi-currency accounting.
- Demonstrated experience managing multiple banking relationships, including understanding of country-specific preferred banking channels and correspondent banking requirements for international trade settlements.
- Hands-on experience with FP&A processes, budgeting, forecasting, and KPI-driven financial reporting.
Education
- Chartered Accountant (CA) from ICAI — mandatory.
- CMA (Cost Management Accountant) or MBA in Finance is a strong plus.
Technical Skills
- Proficiency in ERP systems (SAP, Oracle, or Tally Prime/ERP 9) and advanced Microsoft Excel (financial modelling, pivot tables, macros).
- Experience with business intelligence and FP&A tools such as Power BI, Tableau, or Adaptive Insights.
- Strong command of Indian GAAP / Ind AS accounting standards.
- Working knowledge of DGFT procedures, customs regulations, and export-import documentation.
Core Competencies
- Exceptional attention to detail with zero tolerance for financial reporting errors.
- Strong analytical and problem-solving skills with the ability to distil complex data into clear, actionable insights.
- Excellent communication and presentation skills for board-level and cross-functional stakeholder engagement.
- High integrity, discretion, and professional ethics in handling sensitive financial information.
- Ability to manage multiple priorities and deliver under tight deadlines in a fast-paced manufacturing environment.
Preferred Attributes
- Experience working with international clients and distributors across the Middle East, Eastern Europe (Poland, Czech Republic, Romania, Hungary), CIS countries (Russia, Ukraine, Kazakhstan, Uzbekistan), Africa, Southeast Asia, and Latin America.
- Understanding of trade finance complexities in Eastern European and CIS markets, including sanctions screening, country-specific payment mechanisms, and preferred banking channels.
- Familiarity with pharmaceutical industry regulations (WHO-GMP, CE marking) and their financial implications on export pricing and compliance costs.
- Prior involvement in M&A transactions, due diligence, or business restructuring initiatives.
- Exposure to process automation, digital transformation in finance, or implementation of new ERP/BI systems.
Compensation & Benefits
The compensation for this position will be competitive and attractive, commensurate with qualifications, experience, and current compensation. The final offer will be structured in line with Indian compensation norms and will include:
- Basic salary (minimum 50% of CTC per New Labour Codes), HRA, and statutory allowances.
- Performance-linked incentive / annual bonus.
- Provident Fund (EPF), gratuity, and group mediclaim / health insurance.
- Professional development and continuing education support (CA CPE, conferences).
- Opportunities for international travel and exposure through the company’s global export operations across 65+ countries.
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