Finance Controller
2 days ago
iD was founded in 2005, to ensure that people around the world gets access to fresh, nutritious & delicious Indian food. With an unwavering vision to preserve traditional, home-made cuisine & a focus on making the process of cooking fun & effortless, iD today serves homes across India, Middle East, US and UK.
Company size-2500+
Website-
Founder- PC Musthafa (IIM Bangalore, NIT Alumnus, is hailed as the ‘Breakfast King’ of India for offering a wide array of fresh, home-made & ready to cook food items)
Headquarters- Bengaluru, Karnataka (Whitefield)
Funded by Premji Invest- Azim Premji’s Investment arm and NewQuest, iD Fresh manufactures 55,000 kg of idly/dosa batter every day and delivers it to over 30,000 retail outlets. The company’s product range has grown to include a wide range of fresh ready-to-cook foods including ‘Squeeze and Fry’ Vada Batter, South Indian Filter Coffee decoction, Ragi Idly/Dosa batter, Natural Paneer and Malabar Parota among others. The company has also launched an organic product line and will soon be converting its entire operations to organic.
About the Operational Model
As our product is different from others, so is our business model. All our fresh products are made for the day they are shipped to retail stores. We have zero finished goods inventory, and hence no intermediary stockists or transitory warehouses. This is possible only with the help of an inhouse fleet of vehicles and distribution personnel. Currently a fleet of 500+ dedicated vehicles and crew touch 30,000 retailers daily and replenish 100,000+ Kgs units of the freshest produce.
Job Summary
The Finance Controller will oversee the financial operations of the organization for the GCC region, ensuring accuracy in financial reporting and compliance with regulatory requirements. This role will involve strategic planning, budgeting, forecasting, and financial analysis to support business decisions. The Finance Controller will also lead the finance team and work closely with other departments to drive financial performance.
The role reports directly to Group - CFO.
Key Responsibilities
- Financial Reporting: Prepare and present timely and accurate financial statements, reports, and forecasts to senior management and stakeholders. - Budgeting and Forecasting: Develop and manage the annual budget process, including revenue projections, expense management, and variance analysis. - Compliance and Audit: Ensure compliance with financial regulations and standards, coordinating external audits and managing internal controls. - Financial Analysis: Conduct financial analysis to identify trends, variances, and opportunities for cost savings and revenue enhancement. - Team Leadership: Lead and mentor the finance team, fostering a collaborative and high-performance culture. - Strategic Planning: Collaborate with senior management to develop long-term financial strategies aligned with organizational goals. - Cash Flow Management: Monitor and manage cash flow to ensure the organization has sufficient liquidity to meet its obligations. - Systems and Processes: Oversee the implementation and maintenance of financial systems and processes to enhance efficiency and accuracy.
Key Requirements
- Qualified CA/MBA with 8-14 years of total work experience. - Candidate must be fully conversant with Budgeting, Forecasting, Cost & Credit Control, Margin Analysis, Costing & Profitability Analysis and Management Reporting. - Strong knowledge of financial regulations, reporting standards, and compliance requirements. - Candidate must be very well versed in dealing with Banks and Financial Institutions. - Knowledge of innovative Financing Structures and Funding Mechanisms will serve as an added advantage for the applicant. - Candidate should be smart and articulate with good communication and presentation skill - Ability to work collaboratively across departments and present financial information effectively to non-financial stakeholders.
Interested?
If this role sounds like you, then apply with us You have plenty of room for growth at iD
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