India Finance Controller
3 weeks ago
Job ID:
Tead - 1933
Work Experience (Years):
18-22
**Job Type**:
Permanent
Posted Date:
10/11/2023
**Location**:
Mumbai
**Overview**:
**India Finance Controller**
**Purpose of Role**:
The India Finance Controller will lead a team of professionals in India for our Client Organization. This is a broad role spanning across the group organization. The India Controller will be responsible for all activities of the controllership function including general accounting, financial reporting, and financial systems, as well as leadership over more than 5k accounting staff across the key controllership functions. This role “owns” all accounting decisions for the region. Specifically, this person will be responsible for the day-to-day activities of the controllership function and assures that financial information is accurate and delivered timely.
The incumbent will be responsible for and ensure that the company’s internal controls and financial compliance responsibilities are met. The selected individual will have the ability to work in a matrix organization to develop and maintain strong stakeholder relationships, drive execution while being very collaborative, and promote a team environment.
Our client organization is looking for someone with gravitas and seniority who is not only technically savvy but also equipped with the right influencing skills and communication bandwidth to manage internal client relationships as well as complex reporting structures.
The incumbent will be required to positively challenge existing standards to maintain and further elevate our client's elite finance function. This role is based in Mumbai, India, and will be reporting to the Sub-Region Controller, based in Dubai.
**Principal Accountabilities**:
- Provides strong proactive management for the regional controllership team including developing and mentoring the staff. Leadership of and responsibility for all accounting decisions in the assigned region. Overall responsibility to produce accurate and relevant financial information for the assigned region for each trial balance-
- Management of internal financial controls and compliance. Is responsible for and has final approvals of the P&L & balance sheet production, and supplemental financial information required by the company. Is responsible for achieving closing timetables, overseeing, and adhering to regulatory, statutory, and tax management requirements. Develops and implements country-level accounting policies and procedures where required and presents financial statements for the assigned area to the Board or other management bodies.-
- Participates in the budget process. Coordinates year-end statutory, audit, and tax financial requirements ensuring the rules and regulations are complied with.-
- Ensures internal controls, such as US GAAP reporting are done properly and has approval authority for same. Ensures compliance with the global SOX regime and region-wide adherence to approval procedures. Has ownership of and responsibility for accounting systems and approval matrices regarding significant transactions.-
- Provides and oversees financial information for the regional functions, infrastructure, and firm-wide, regional, and local initiatives.-
- Maintains a strong stakeholder engagement partnering with other Finance and Business colleagues in day-to-day operations and special projects. Ability to interface with CFOs while working in a matrix organization-
- Delivers continuous improvement. Participates in integrations as a result of Mergers & Acquisitions, as required. Ability to drive execution**Career Opportunity**:
This is an exciting opportunity for an accounting and finance professional to lead a team of accountants, responsible for the sizeable finance operations in India for a market-leading, global insurance broking and management consulting operation. The appointed individual will be working closely with senior management across the four operating entities in India, as well as participating in top-table discussions with senior management of those operations, ensuring our client’s global reporting gold standards are being always met. This is a broad role, providing opportunities for the appointed individual to lead and nurture a team of accounting professionals, while on a personal level, to grow to become an accounting leader in India.
**Background**
The recent changes in the ownership of foreign joint-venture businesses in India has opened opportunities for our clients to expand its footprint in the country. The business is going through mergers and acquisition activities to increase their stake on the ground and will soon be having a majority ownership of the four entities in India. This resulted in the global controllership function’s initiative to streamline internal controlling processes across the finance operations in India, to ensure the global controllership standards are upheld and adhered to. This position will act as the point pers
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