Financial Controller
Financial Controller
Yash Seals Pvt Ltd • Vasai, moving to Goregaon (Mumbai) within 23 months • Full-time, on-
site • Reports to: Directors • Progression: CFO
About Yash Seals
Yash Seals is one of Indias largest integrated manufacturers of security seals and
livestock identification tags. Our products prevent theft, protect assets, ensure
compliance and create transparency across global operations from cargo containers to
apparel tags to cattle in the field.
We serve e-commerce, logistics, oil & gas, chemicals, pharma, utilities and aviation, and we
export to markets across North America, Africa, Southeast Asia and Europe. Two plants,
125,000+ sq ft, 52+ injection moulding machines and an in-house tool room give us control
of the entire chain from mould design to dispatch.
We are a family-owned business that used to be traditional and is now changing in every
facet: doubling capacity year on year, launching in new countries, entering new verticals,
and growing past what we thought we were capable of.
The role
We are looking for a Financial Controller to own the finance function end to end
controllership, costing, procurement oversight, cash, controls, systems and planning
across two divisions and two plants.
This is a builders role, not a caretakers. You will design or rebuild much of the functions
architecture: the close calendar, the cost-centre and standard-cost structure, the
authority and credit rules, the order-to-cash process, plant-level finance at each site, and
an accounts function that today runs entirely on Tally. We need someone who builds
finance systems that run without being pushed every month and who turns numbers into
decisions the directors and plant heads can act on the same week.
You lead the accounts, costing and plant accounting staff, direct the procurement team,
and manage our auditors, tax advisors and bankers. You report directly to the directors;
the path from here leads to CFO.
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Financial Controller
What youll own
Reporting and close
Own the monthly close against a published calendar, with MIS by division and by plant
delivered on a fixed date each month
Prepare a P&L; that reflects how the manufacturing operation actually runs:
contribution by product line, overhead absorption, inventory valuation and
provisioning, fixed-asset capitalisation
Prepare monthly cash flow statements and a 13-week rolling liquidity view
Build the quarterly pack for the directors and lenders, with every variance explained
and owned
Costing, variances and plant finance
Run daily material variance analysis and convert it into specific recommendations on
scrap, regrind and yield
Run daily labour and machine-efficiency variance analysis to surface line-level gaps
and correct product costing
Maintain standard costs by product line on a machine-hour-rate basis and keep them
honest as volumes, resin prices and machine mix change; own the standard-cost
master in the system
Reconcile material issued against standard consumption and physical stock every
month
Set up plant-level finance at both sites: plant accountants reporting to you, physical
verification cycles, scrap control and capex tracking
Order-to-cash and credit control




Build the order-to-cash process end to end: customer onboarding and credit
assessment, order acceptance against credit limits, e-invoicing and e-way bills,
dispatch release, collections, receipt application, TDS reconciliation against 26AS,
disputes and claims, and write-offs
Write the credit policy and get it enforced in the system: limits and payment terms by
customer segment (key accounts, distributors, government tenders, exports),
security for current accounts (advance, LC or bank guarantee), and a hold-and-release
rule so dispatches dont go out against overdue accounts, with the escalation path
and override authority agreed with sales
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Financial Controller
Run a weekly collections review with sales: ageing by customer, follow-up cadence,
customer statements and balance confirmations, key-account portal reconciliations,
and government receivables (retention money, performance guarantees)
Move DSO by segment, overdue % and bad debts, and use credit insurance, TReDS or
channel finance where they pay for themselves
Cash, working capital and banking
Run the daily cash position and the 13-week cash forecast
Lead the accounts team on a disciplined creditors cycle and working-capital rhythm,
tracked on DSO, DPO and inventory days
Manage bank relationships and working-capital limits: monthly stock and book-debt
statements, drawing power, CMA data for renewals, LC/BG lines, covenant tracking,
and forward cover on export receivables
Procurement oversight
Oversee the procurement team across direct and indirect spend; review daily ad-hoc
purchases; approve RFQs and POs within the authority matrix
Move the procurement KPIs that matter: key input cost as a % of sales, purchase
price variance, month-on-month tracking, category-level cost reduction
Keep vendor payments within MSME timelines and payables ageing clean
Controls, compliance and audit
Write and enforce the delegation-of-authority matrix and the core policies: credit,
capex (with post-completion review), inventory provisioning, fixed-asset
capitalisation, scrap disposal
Control master data: who can create vendors, customers, items, BOMs, standard
costs and price lists, with maker-checker on each
Own the statutory and tax audits (and cost audit where applicable), GST and TDS
compliance through the team and external advisors, and the internal financial
controls documentation
Keep the company diligence-ready at all times: reconciled ledgers, clean schedules, a
data room that can be opened within a week
Accounts function and systems
Streamline an accounts function that today runs entirely on Tally: standardise and
document every process (SOPs, maker-checker, segregation of duties), and cut the
manual work in bank, GST, vendor and customer reconciliations
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Financial Controller
Own the chart of accounts, cost centres by machine group and department,



profit
centres by division and plant, and project codes for capex and moulds, in whatever
system runs them
Automate the recurring reports so the teams time goes into analysis, not compilation
Planning and strategic finance
Build the annual operating plan with the directors and plant heads volumes,
capacity, headcount, capex and cost budgets by division and report actuals against
it every month with variances explained and owned
Appraise capex on machines, moulds and new lines (payback, IRR) and review
outcomes after commissioning
Sit on the core team for fundraising projections, data room, diligence responses
and lender/investor material working directly with the directors
What success looks like in the first year
90 days: close calendar published and met, daily material and labour variance reports
live, 13-week cash view in place, credit policy drafted and agreed with sales
6 months: annual operating plan built and in use, authority matrix and credit holds
enforced in the system, weekly collections review running, bank reporting on
schedule, plant accountants at both sites reporting to you
12 months: standard costs rebuilt on machine-hour rates with monthly consumption
reconciliation, accounts processes documented with reconciliations automated and
the ERP decision made, controls documented and tested, an MIS pack that lenders
and investors can use without rework
What were looking for
Prior experience in business finance, plant finance, or an assistant/head plant
controller role, typically 8+ years. Manufacturing experience is required; injection
moulding or another machine-intensive process is a plus
A strong grip on cost accounting in a manufacturing setting: BOM, standard vs actual,
machine-hour absorption, scrap and yield
CA, CMA or MBA (Finance); Ind AS exposure is a plus
Has built or run credit control and collections in a B2B business, ideally with key-
account and government receivables
Has streamlined a Tally-based accounts function or led a migration from Tally to a
larger ERP
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Financial Controller
Hands-on with an ERPs finance and costing modules you have designed a chart of
accounts or cost-centre structure, not just used one
Experience with bank limits and reporting (stock statements, CMA data) and with
managing auditors
A track record of building finance systems that keep working without you pushing
them every month
Comfort on the shop floor, not just in the P&L; you should want to walk the line to
understand a variance
Someone who brings the recommendation, not just the number
Why this role
A direct line to the directors and a real path to CFO as the company scales
Full ownership of the function rather than one slice of it: reporting, costing,
procurement, cash, controls, systems, budgeting and fundraising all sit with you
A function you get to design, not inherit; the architecture you put in place is what the
company scales on
A business that is actively growing, so your work compounds instead of maintaining a
steady state
Location: based at our Vasai office for the first 23 months, then at our Goregaon
(Mumbai) office. Regular time at both plants is part of the role.
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📌 Financial Controller (Vasai-Virar)
🏢 Yash Seals
📍 Vasai-Virar