Financial Controller

4 weeks ago


mumbai, India Ventures Advertising Full time
Primary responsibility is closing the company’s books in an accurate, timely and efficient way. Ultimately, they general accounting oversight and own the financial close process. This incorporates many duties, which may vary by company but generally include:
 Approving invoices: Ensuring invoices are properly approved and coded in the general ledger.
 Cash flow management: Monitoring and balancing cash flows into and out of a business to meet obligations and optimize investment.
 Audit liaison: Coordinating with external financial, compliance and tax auditors.
 Internal controls: Creating and monitoring company policies and internal controls, especially spending controls, to safeguard company assets and reduce fraud.
 Budget: Assisting or fully creating the budget, including incorporating historical data.
 Debt management: Administering loan agreements for company borrowings and collecting moneys owed to the company from customers.
 Financial strategy: Developing financial strategy, including risk minimization plans and opportunity forecasting.
 Compliance: Ensuring compliance with local law, tax provisions and relevant industry and financial regulations.
 Reporting and analysis: Providing financial reporting and analysis to guide decision-making.
 Cost savings: Identifying efficiencies and opportunities for cost reductions across the business.
 Leadership: Mentoring and managing the accounting and financial staff.
 Payroll: Handling payroll processing and labor tax compliance.
 External reporting: Preparing company tax and financial statements, including public filings with the Securities and Exchange Commission (SEC).
 Banking: Setting up bank accounts and managing banking relationships.
 Stakeholder management: Advising company managers on operations
activities based on knowledge of the underlying business.
Tools for Financial Controllers
Strong knowledge of following tools:
Finance and accounting systems: This is the core technology for financial controllers — the “books” include the general ledger, subledgers, journal entries and an asset register, among others.
Global consolidation software: These systems merge the individual finances of different divisions and business units, including those that are geographically dispersed.
Financial reporting solutions: Financial reporting tools generate company financial statements and support modeling and analysis.
Inventory, payroll, billing and compliance systems: Financial controllers should have knowledge of all these systems, though they don’t typically oversee them all.
It’s likely that a financial controller has several open browser tabs at all times, including an automated dashboard, enterprise resource planning (ERP) system — and, of course, modern accounting software.
Financial controllers are the lead accountants in a business, responsible for a company’s books and records and for providing accurate and timely financial information. They are well-educated, experienced professionals who are most successful when they also possess excellent “soft skills” for managing their teams and collaborating across the company.
The financial controller role is evolving to be more strategic, with these professionals working hand-in-hand with C-suite executives. Additionally, financial controllers are increasingly involved in their companies’ technology decisions, which affect controllers’ most important tools.

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