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.

Page 1 of 5

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 new 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

Page 2 of 5

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

Page 3 of 5

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 robust 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

Page 4 of 5

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.

Page 5 of 5

📌 Financial Controller (Goregaon)
🏢 Yash Seals
📍 Goregaon