- For our Finance Division we are looking for a Financial Controller who will be responsible for assisting the Finance team in developing and implementing financial strategies, budgets, and forecasts, while monitoring and analyzing financial performance

- Overseeing the accounting processes, including financial statement preparation, financial reporting, and ensuring accuracy and timeliness of financial records

- Identifying and mitigating financial risks, implementing internal controls, and ensuring compliance with regulatory requirements and accounting standards

- Monitoringand managing cash flow, ensuring optimal utilization of funds, and providing recommendations for financial decisions

- Conducting financial analysis, preparing financial models, and providing insights and recommendations to support strategic decision-making

- Coordinating audits, liaising with external auditors, and ensuring compliance with tax regulations and reporting requirements

Preferred Experience: 2-3 Years in financial controller positions, in B2B markets.

Preferred Education: M. Com / MBA (Finance) / CA (Interns)

Job Accountabilities

Administrative Control:

- Supervise and provide guidance to the administrative, finance, and accounts staff.

- Ensure smooth workflow and equitable distribution of responsibilities.

- Resolve staff problems and maintain a motivated work environment.

Credit Control:

- Implement strict credit control measures to maintain overall outstanding debt within acceptable limits.

- Ensure no customer enjoys credit exceeding 90 days, with an average outstanding below 50 days.

- Personally monitor overdue invoices beyond 90 days.

- Conduct weekly outstanding reviews with the team and resolve any issues.

Inventory Management:

- Enforce strict control over inventory, with a maximum limit of 2 months worth of average annual sales.





- Review purchase orders based on monthly average sales, current inventory, pending orders, and expected free material from suppliers.

- Prevent losses due to expired materials in any branch.

- Implement 5S systems in all warehouses.

- Conduct monthly stock audits and submit reports to management.

Financial Reporting and Compliance:

- Maintain records of free samples issued and ensure credit notes are issued accordingly.

- Handle all credit/debit note-related work.

- Manage all key performance indicator (KPI)-related tasks.

- Generate daily management information system (MIS) reports detailing sales, collections, inventory, and outstanding balances.

- Release payments to sundry creditors twice a month, ensuring thorough checks on invoices.

- Reconcile supplier accounts on a quarterly basis.

- Handle GST returns and other GST-related tasks.

- Perform daily bank reconciliations for all bank accounts.

- Update and cross-verify Rajkot and Ahmedabad accounts.

- Update sales tax assessment files monthly.

Accounting and Financial Analysis:

- Audit every single invoice for accuracy, including rates, quantities, totals, and receipts as per ERP purchase orders.

- Keep the profit and loss (P&L;) account and balance sheet up to date with necessary provisions on a monthly basis.

- Monitor gross profit, net profit, stock levels, sundry creditors, and sundry debtors on a daily basis.

- Implement alerts for any figures exceeding predefined standards.

Process and Procedure Compliance:





- Monitor and improve department key performance indicators (KPIs).

- Implement and maintain the company s procedures and manuals.

- Ensure error-free accounting practices and adherence to company expense budgets.

Preferred Skill Sets

- Proven experience in a senior finance role, demonstrating progressive responsibility and leadership.

- Strong knowledge of accounting principles, financial regulations, and reporting standards.

- Proficiency in financial management systems and advanced knowledge of spreadsheet and data analysis tools.

- Excellent analytical, problem-solving, and decision-making skills.

- Strong business acumen with the ability to translate financial data into meaningfulinsights and recommendations.

- Exceptional communication and interpersonal skills, with the ability to collaborateeffectively with stakeholders at all levels.

- Strong leadership skills, including the ability to motivate and develop a high-performing team.

- Quality Assurance - Acute attention to detail, follows QA processes and proceduresand is consistent and accurate with their deliverables.

- Detail oriented with solid organizational, multi-tasking, time management, and project management skills, with the ability to meet tight deadlines.

- Attention to detail, accuracy, and a commitment to maintaining the highest ethical standards.

- Strong computer knowledge with advanced knowledge of Excel including V lookup/ Pivot charts / Data Validation / Conditional formatting, type if, macros etc.

- Excellent project management skills, organizational skills, and the ability to collaborate productively with cross functional teams in a fast-paced environment.

- Knowledge of B2B marketing strategies and tactics and their application in a professional services organization.

📌 Financial Controller (Ahmedabad)
🏢 Innovative Engineering Products
📍 Ahmedabad