
India Finance Lead
3 weeks ago
This role reports to the Corporate Controller based in the US.
Key Responsibilities:· Ownership of the monthly close process for India, including coordination of all closing activities, preparation and review of journal entries, account reconciliations, accruals, intercompany activity, and reporting in accordance with internal deadlines and global consolidation requirements.
Ensure the financials are complete, accurate, and compliant with applicable accounting standards and corporate policies.· Manage day-to-day accounting operations, ensuring the integrity, accuracy, and timeliness of financial data, including general ledger maintenance, fixed assets, and compliance with internal controls· Manufacturing and Distribution Finance – Oversee all financial aspects of local manufacturing and distribution activities, including detailed cost accounting, monitoring of production costs, tracking of variances, and support of operational KPIs.
Ensure proper inventory valuation, analyze excess and obsolete inventory exposures, and maintain accurate standard costs.
Partner closely with operations to identify cost efficiencies and ensure accurate financial reflection of local production and logistics flows.· Oversee treasury activities, including management of banking relationships, monitoring of bank balances, and ensuring effective cash management to support operational needs.· Ensure full compliance with all statutory, regulatory, and tax requirements in India, including but not limited to direct and indirect tax compliance, tax planning and reporting, and transfer pricing documentation.
Responsible for timely and accurate statutory filings, coordination with relevant regulatory bodies and advisors, and preparation of VAT returns.
· Support the annual budgeting and monthly rolling forecast process for India operations in partnership with the FP&A Analyst and operations leaders by leveraging planning system and establishing schedules; collecting, analyzing, and consolidating financial data; recommending plans· Provide insights and recommendations to India leadership for informed decision-making· Ad-hoc assignments Qualifications and skills:· University degree or equivalent experience with a minimum of 15 years of relevant experience, or an advanced degree with at least 10 years of relevant experience· Chartered Accountant qualification· Strong understanding and experience with Indian GAAP and reporting standards· ERP system experience (preferably with a manufacturing or financial ERP system), with the ability to leverage ERP tools for financial reporting and analysis· Attention to detail, ensuring accuracy in all financial processes and documentation· Proactiveness in identifying and addressing issues before they escalate, with a focus on continuous improvement· Demonstrated ability to lead and manage the full month-end close cycle, ensuring timely and accurate financial reporting· Deep knowledge of inventory accounting and manufacturing cost control, including standard costing, inventory valuation, and variance analysis· Strong accounting skills with a focus on accuracy, compliance, and operational efficiency· A track record of consistently delivering high-quality results in a fast-paced environment· Excellent communication skills, with the ability to collaborate effectively with internal teams and external stakeholders· Analytical, numerical, and problem-solving abilities, with the capacity to make informed decisions under pressure· Able to work under tight deadlines while managing competing priorities, consistently delivering results on time Interested candidate can share cv on swati.d@mnrsolutions.in or ping me on 9311381368
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