Neterwala Group

1 month ago


Mumbai, India Uni Abex Alloys Products Limited Full time

Lead - Internal Controls/Financial Planning & Analysis


- We seek to strengthen the Corporate Finance team of Metallurgy Division with a new position of Lead - Internal Controls, Financial Planning & Analysis. This position will report to the Associate Vice President - Finance.

- The incumbent will be responsible for Internal Control and Consolidation for ensuring effective internal controls and overseeing the consolidation process of the business. Incumbent will get involved in assessing and enhancing internal control systems, managing the consolidation of financial data, and providing guidance to ensure compliance with regulatory requirements and organizational policies. This person will play a critical role in driving financial performance and supporting strategic decision-making through analysis, planning, and reporting.

General background:


- The ideal candidate is a person with bachelor's degree in finance with CA/ MBA in finance.


- A person should have a minimum of 15-20 years' experience in financial planning and analysis.


- Proven experience in internal control assessment and enhancement, preferably in a complex organizational environment.


- Has strong understanding of financial consolidation principles and processes.


- Strong analytical skills with the ability to interpret complex financial data and trends and possesses problem solving skills.


- Ability to work independently and collaboratively in a fast-paced environment.


- Detail-oriented with a focus on accuracy and compliance.


- The candidate should be from engineering or manufacturing industries.

Areas of experience sought:

- Evaluate existing internal control processes and procedures.

- Identify areas for improvement and develop recommendations to strengthen internal controls.

- Implement changes to enhance the effectiveness and efficiency of internal control systems.

- Coordinate the consolidation of financial data from multiple entities or business units.

- Ensure accuracy and completeness of consolidated financial statements.

- Stay abreast of regulatory requirements related to internal controls and financial consolidation.

- Provide guidance to ensure compliance with relevant regulations and standards.

- Assist in the preparation of financial reports, including consolidated financial statements.

- Collaborate with accounting teams to resolve consolidation-related issues and discrepancies.

- Document internal control processes, procedures, and key controls.

- Conduct risk assessments to identify potential control weaknesses and areas of exposure.

- Assist in the development of annual budgets and periodic forecasts.

- Analyse variances between actual results and budget/forecasted amounts and provide explanations for discrepancies.

- Prepare financial models and scenarios to evaluate potential outcomes and assess risk.

- Prepare regular management reports, including financial statements, KPIs, and performance metrics.

- Present financial analysis findings to senior management and provide recommendations for action.

- Collaborate with stakeholders to ensure accurate and timely reporting of financial information.

- Support long-term financial planning processes, such as strategic plans and capital expenditure budgets.

Leadership: The candidate will need to show leadership ability to drive transformational cultural change to enable the business to deliver financial efficiency.

Travel & Mobility: The position is based in the Mumbai and may entail travel across all business locations.

(ref:iimjobs.com)

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