Finance controller

About CompanyA Leading Electronic manufacturing, specialized in semiconductor devices, Serving multiple prestigious clients across India.Job DescriptionA. Group Financial Reporting & Consolidation- Drive the preparation of group and subsidiary financial statements – Balance Sheet, Profit & Loss, Cash Flow, Statement of Changes in Equity – including all required notes and disclosures as per AS.- Ensure that all subsidiaries financials in the holding company’s format to enable consolidation.- Perform inter-company reconciliation of closing balances and intra-group transactions; prepare adjustment entries for eliminations and other consolidation adjustments.- Scrutinize Trial Balance and General Ledger – identify abnormal balances/transactions, confirm arithmetical equality (debits = credits) and correct errors before finalizing financials.- Lead the period-end close process in the ERP environment, including opening/closing posting periods, ensuring proper fiscal procedures and controls.B. Analysis & Management Reporting (MIS), Forecasting & Budgeting- Conduct ratio analyses (profitability, liquidity, efficiency), cash flow analyses and other business insights.- Manage the monthly MIS process from business units: collect MIS, perform checks for accuracy, consolidate at company level, produce insightful Power Point presentations to management on variances (Revenue, Material Cost, Variable Cost, Fixed Cost, Other Income).- Prepare presentations for meetings (Audit Committee, Board of Directors, Investor Calls) – focusing on standalone & consolidated financial health, internal audit observations, action-taken reports, and key numbers (Revenue, Volumes, EBITDA, PBT, PAT) with comparable.C. Audit, Compliance & Controls- Oversee statutory auditors’ review under applicable regulations and manage liaison with both external and internal auditors.- Prepare quarterly audit plan (tentative due dates, SPOCs) and coordinate all audit queries.- Act as audit-coordinator: arrange auditor meetings with company departments, respond to queries in a timely manner, ensure resolution of audit observations.- Collaborate with secretarial consultant on compliance matters (related parties, MSME returns, DPT-3, CSR budget). Handle XBRL filings for financials.- Support the development and implementation of reports and procedures in alignment with law changes and internal control requirements.D. Direct Taxation- Manage direct taxation: handle faceless tax assessments, respond to tax notices, prepare documentation for tax audits and represent the company before tax authorities.- Compute and report current and deferred tax liabilities; ensure tax figures are appropriately recorded in the financial statements per accounting standards.- Oversee Income Tax Returns (ITR), TDS/TCS compliance and coordination with tax advisors.E. Inventory Management & Product Costing- Establish and oversee the inventory management system: track stock movements, ensure controls around stock counts, reconciliations and inventory ageing.- Supervise product costing design: define & maintain cost-structure for manufactured/held goods including materials, labor, overheads, and absorption of indirect cost.- Select and apply suitable inventory valuation/costing methods (e.g., FIFO, specific cost) and ensure consistency of method year-to-year.- Monitor inventory ageing, obsolescence, slow-moving and excess stock; ensure appropriate provisioning/write-downs in line with accounting standards.- Provide periodic product-cost variances: material cost variance, labor cost variance, overhead absorption variance; feed these into MIS/management reports to highlight cost control opportunities.- Collaborate with business units and supply-chain/production/warehouse teams to align operational inventory policy (reorder points, lot sizes, lead-times) with financial targets and minimize carrying cost.- Work with the ERP team to embed inventory & product costing logic into system: ensure postings of inventory movements, WIP, finished goods, COGS flows correctly through the ledger, and reports support management decision-making.- Link inventory & costing metrics into monthly MIS/rolling forecasts/budgeting: e.g., closing stock, inventory turnover, cost of goods sold, margin by product line, inventory days.- Ensure disclosure note-requirements in financial statements for inventory (valuation method, cost formula, carrying amounts, etc.) in accordance with applicable standards.F. Indirect Taxation (GST, Customs, etc.)- Manage indirect tax compliance across the group: monitor, interpret and apply the regulatory framework for GST in India (CGST/SGST/IGST), ensure correct registration, tax classification (HSN/SAC codes), tax rate application, timely filings and claims of input tax credit.- Oversee customs duty matters for imported goods: ensure compliance with tariff classification, correct valuation, duty