Corporate Finance Controller

3 weeks ago


Nagpur, India Hartwell Companies Full time

JOB SUMMARY:

Corporate Controller is an integral part of the accounting functions of Sonco Worldwide Inc. Will provide daily oversight of accounting operations. You will manage the Accounts Payable team and be responsible for managing month-end close, tax compliance, and supporting the Finance Director. In this role, you will lead the accounting cycle, closing processes, and ensure the accuracy and integrity of the General Ledger. Key responsibilities include leading forecasting, budgeting, consolidating financial reports, and ensuring regulatory compliance. You will also lead audits, prepare various financial reports, and serve as a key backup and advisor to the Finance Director.


Experience:

  • Mid- Senior Level
  • 12- 15 years with minimum of 5-8 years of private accounting and supervisory experience.


Primary skills:

  • Strong working knowledge of US GAAP
  • Strong working knowledge of US GAAP
  • Strong computer skills and knowledge of typical ERP systems/functions
  • Strong working knowledge of MS Office, especially Excel
  • Proven process improvement experience, especially in leveraging technology to gain efficiency


Qualifications:

  • Certified Chartered Accountant (CA) with the knowledge of IFRS, and U.S. GAAP
  • Certified Public Accountant (CPA) OR equivalent level technical accounting experience is essential


Competencies:

  • Financial reporting & Analysis
  • Budgeting & Forecasting
  • Risk management & Internal controls
  • Regulatory & compliance
  • Team Managment


Expertise in specific assignments or projects:

  • Prior experience or expertise in handling/ interacting with US clients


MAIN RESPONSIBILITIES:


Cash Management:

Monitor and manage daily cash transactions

Review cash receipts and posting

Monitor and Review daily cash reports

Maintain cash flow oversight


Accounts Receivable (AR):

Review AR weekly aging report in consolidation for each division and collection efforts

Ensure Credit limit approval matrix followed and AR write off is second approved by Corporate

Review Divisions Quarterly Bad Debt Reserves


Inventory (INV):

  • Quarterly Inventory Reserves Review for each divisions
  • Cycle Count Oversight for each division
  • Inventory Write-offs: Ensure all inventory write-offs are properly documented and receive secondary approval from Corporate


Accounts Payable (AP):

  • Supervise Consolidated AP Department
  • Review and release approved payments across all divisions through the banking system


General Ledger (GL) and Accounting:

  • Supervise GL activities and postings
  • Ensure financial data accuracy and compliance
  • Implement proper accounting controls
  • Review accruals and review entries


Financial Reporting:

  • Prepare and review financial statements
  • Analyse financial data and provide insights
  • Ensure compliance with accounting standards


Budgeting and Forecasting:

  • Lead in annual budget preparation
  • Collaborate with Division Controller for budget inputs
  • Prepare financial forecasts and variance analyses
  • Consolidate Budgets and Forecasts


Finance Corporate Governance:

  • Identify opportunities where corporate governance can be strengthened to mitigate risks and ensure long-term financial health


External Audit Assistance:

  • Assist auditors during internal and external audits
  • Provide necessary documentation and explanations


Internal Audit:

  • Management of Internal Audit Functions
  • Process Oversight and Enhancement


Business Presentations:

  • Prepare and review financial reports and presentations
  • Communicate financial performance and insights to management


Compliance and Regulations:

  • Stay updated with financial regulations and ensure compliance
  • Implement internal controls and safeguard financial assets


Process Improvement:

  • Identify areas for process improvement
  • Streamline financial processes and implement best practices


Team Leadership and Development:

  • Supervise and mentor finance team members
  • Provide training and foster a positive work environment


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