Finance Controller

7 days ago

Bengaluru Karnataka, India DrinkPrime Full time

**About DrinkPrime**:
DrinkPrime is a subscription-based drinking water solution that began as a response to the unreliable supply of safe drinking water across urban India. Over time we have evolved into an organization that is driven by a singular mission - to change the way people think about the water they drink. Through our subscription-based model, we provide customers with water purifiers that use integrated technology to help them monitor the quality of the water they consume every day.

At DrinkPrime, we are on a mission to make safe drinking water accessible and affordable to every resident in India. We are backed by Tier 1 VCs and many prominent angels. They believe in the vision, mission and the team of DrinkPrime. With our tech first approach, we are taking up this audacious mission and believe in solving it. Be a part of history and join us. We can solve this problem together.

**1.** **Financial Management**:

- Develop and maintain financial policies and procedures to ensure accuracy and efficiency in financial reporting and control.
- Prepare and manage the production facility budget, including forecasting and variance analysis.
- Monitor financial performance, providing insights and recommendations to support decision-making and strategic planning.
- Be the POC for finance with vendors
- Monitoring of special projects

**2.** **Inventory Control**:

- Oversee inventory management processes to ensure optimal stock levels and minimise carrying costs.
- Implement and monitor inventory valuation methods and ensure accurate recording of inventory transactions.
- Conduct regular inventory checks/audits to reconcile discrepancies and ensure compliance with financial controls across all locations.

**3.** **Material Planning**:

- Collaborate with production and supply chain teams to develop and manage material planning strategies.
- Analyse material usage trends and forecast future requirements to ensure timely procurement and minimise disruptions.
- Assess the financial impact of material planning decisions and recommend adjustments as needed.
- Responsible for order to cash process

**4.** **Process Optimisation**:

- Evaluate and enhance financial processes and systems to improve efficiency and accuracy.
- Implement best practices for financial controls and reporting, ensuring compliance with regulatory requirements and company policies.
- Identify and drive process improvements related to cost management, inventory turnover, and working capital optimisation.
- Owning all the finance process, tools and the ERP modules.

**5.** **Monthly Book Closures**:

- Oversee the monthly book closures, ensuring that financial records are accurate and up-to-date.
- This involves reconciling accounts, validating transaction entries, and addressing any discrepancies to maintain the integrity of the financial statements.
- You will get the sign off from various business teams on the numbers and metrics.
- You will coordinate with accounting teams to complete month-end processes efficiently, ensuring that all financial activities are recorded accurately and on time.
- Your attention to detail and timely completion of book closures will provide a solid foundation for financial reporting and analysis.

**6.** **Reporting and Analysis**:

- Prepare detailed financial reports for plant management, including performance metrics, cost analyses, and financial forecasts.
- Conduct variance analysis to identify and explain deviations from budgeted performance.
- Assist in MIS preparation and presentations.
- Responsible the internal and external audit processes.

**7.** **Team Leadership**:

- Lead and mentor a team of finance professionals, providing guidance and support to ensure effective performance.
- Foster a collaborative working environment and drive continuous improvement within the finance team.

**8.** **Compliance and Governance**:

- Ensure compliance with local regulatory requirements and corporate governance standards.
- Stay updated on changes in financial regulations and industry best practices, integrating relevant updates into plant operations.

**9.** **Qualifications**:

- Bachelor's degree in Finance, Accounting, Business Administration, CA, CPA, CMA, or equivalent professional certification is preferred.
- Minimum of 5-7 years of experience in controllership, with a strong focus on inventory control and material planning in a production environment.
- Proficiency in financial software and ERP systems (e.g., ERP Next).
- Excellent analytical skills with a strong understanding of financial statements and key performance indicators.
- Strong communication skills and the ability to collaborate effectively with cross-functional teams.
- Demonstrated leadership and team management abilities.
- Knowledge of Indian financial regulations and compliance requirements.

**10.** **Key Attributes**:

- Analytical mindset with a keen eye for detail.
- Proactive approach to problem-solving and process improvemen

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