Job Title: Assistant Finance Controller

Department: Finance Accounts

Employment Type: Full Time, Permanent

Education As mentioned above

Key Skills

Agile, Self-starter, Tech Savvy, Time management, Stakeholder Management.

Candidate is preferable from Big 4 firms, having Audit expertise or Pharmaceutical / Nutraceutical industry, having FPA, Supply Chain Finance expertise.

Role Responsibility

A. Books closing and Balance Sheet Integrity

- Prepare standalone financials for MIS and statutory reporting on monthly basis within timelines provided by central team.
- Conduct budget vs actual variance analysis, coordinating with departments for explanations and closure.
- Review and approve all material journal entries, including:
- Accruals and provisions
- Reclassifications and corrections
- Estimates and judgment based entries

- Enforce month end book freeze after completion of all checks and reviews.
- Circulate accounting checklist confirming all the monthly activities.
- Prepare management review decks and discuss with Finance Controller.
- Provide details and coordinate with the 3rd party consultants for valuation reports.
- Own end to end balance sheet integrity, including:

- Periodic reconciliation of all balance sheet accounts
- Review of ageing, nature, and recoverability

- Proactively identify and resolve long outstanding, abnormal, or non business balances.
- Ensure implementation of accounting policies, changes in accounting standards and accounting interpretation.
- Support drafting and review of financial statement schedules and notes.
- Create GL code based ensuring underlying annexures are signed by relevant authority.

B. Fixed Assets Accounting Capital Governance

- Create and alter asset codes.
- Capitalize all capital expenditures post validation of approvals, Capitalization criteria and supporting documentation




- Account for asset disposals, retirements, impairments, and transfers with complete audit trail.
- Identify and retire idle, obsolete, or fully depreciated assets as per policy.
- Execute and review monthly depreciation runs (book tax).
- Maintain and reconcile a complete Fixed Asset Register (FAR) with GL and physical assets.

C. Inventory Control

- Review inventory movement, valuation, and consumption reports for accuracy and completeness.
- Ensure periodic third party physical verification and closure of discrepancies.
- Identify and escalate slow moving, non moving, and near expiry inventory to Operations, Commercial, and RD.
- Ensure appropriate provisioning for aged and obsolete inventory.
- Drive and track aged inventory liquidation plans, ensuring commercial action and accounting follow through.
- Review and validate yield loss computations, investigate variances, and partner with Operations for root causes.

E. Costing, Overheads Profitability Analytics

- Own standard cost computation and monthly updates.
- Identify margin variance vs budget at product level and discuss action plan with respective departments.
- Coordinate with RD for:
- Cost validation of current products / SKUs
- Resolution of BOM or formulation discrepancies

- Prepare product margin forecasts, coordinating with Procurement for future price assumptions.
- Design and maintain overhead allocation methodologies across products and divisions.




- Review and analyze divisional, product, and customer profitability.
- Drive SKU rationalisation activity.
- Prepare Product cost reconciliation with Trial balance on monthly basis and identify reason for variances.
- Discuss with CFT to identify Productivity initiatives and track performance of productivity against plan.

F. Subsidy Accounting Claims (Government Schemes)

- Prepare documentation and working papers for subsidy claims.
- Coordinate with consultants for timely filing, clarifications, and government interactions.
- Liaise with cross functional and Group (Glanbia) teams to gather and validate supporting documents.
- Ensure correct accounting recognition, tracking, and reconciliation of subsidies received or receivable.

G. Contract Commercial Governance

- Review key legal and commercial contracts from a finance, accounting, and statutory impact perspective.
- Own and maintain a central contract repository linked to accounting and disclosures.
- Track and ensure timely renewal of critical contracts.

H. Internal Financial Controls (IFC) Risk Management

- Drive IFC testing, walkthroughs, and sample verification.
- Identify control gaps and failures; define and track corrective action plans.
- Strengthen internal controls based on audit findings, Operational changes or System enhancements.

I. Audit (Internal Statutory)

- Provide auditors with reconciliations, schedules, working papers, and explanations.
- Track and close audit observations and management action points

Disclaimer : This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 Assistant Finance Controller (Gujarat)
🏢 Glanbia India
📍 Gujarat