Finance Controller

3 weeks ago

Bengaluru, Karnataka, India Corenza Full time
About Company

A leading startup into Two-wheeler space, It is into designing and manufacturing electric motorcycles and related components.

Job Description

Job Summary:

We are seeking a highly skilled and strategic Finance Controller with a Chartered Accountancy background and significant experience in the automobile manufacturing sector. The role demands hands-on leadership to oversee financial planning, plant accounting, costing, compliance, and financial risk management while supporting business growth and operational excellence.

Key Responsibilities:

Financial Planning & Reporting

- Oversee timely preparation of monthly, quarterly, and annual financial statements in compliance with Ind-AS and statutory requirements
- Drive annual budgeting, forecasting, and periodic re-forecasts aligned with business plans
- Analyze financial data to provide actionable insights to senior management

Plant Finance & Costing

- Implement and monitor standard costing systems for manufacturing operations
- Conduct product cost analysis, variance analysis, and process costing to drive profitability
- Collaborate with production and supply chain to optimize material costs and manage scrap/wastage

Internal Controls & Compliance

- Establish and maintain robust internal controls across multiple plant locations
- Ensure compliance with statutory, tax, and regulatory requirements (direct and indirect taxes, GST, customs duty, etc.)
- Coordinate statutory audits, internal audits, and government inspections

Working Capital & Treasury Management

- Monitor working capital, optimize inventory levels, and manage receivables/payables
- Manage banking relationships, cash flow forecasting, and treasury functions to ensure liquidity

Business Partnering

- Work closely with operations, procurement, and engineering teams to align finance with production and sourcing strategies
- Support cost-reduction and efficiency initiatives within the plant
- Participate in capital investment evaluations (capex proposals, ROI analysis)

Leadership & Team Development

- Lead, mentor, and develop a team of plant accountants and finance staff
- Promote a culture of ownership, continuous improvement, and compliance

Required Skills & Competencies:

- Chartered Accountant (CA) with minimum 10 years post-qualification, with at least 5 years in a leadership/controller role within manufacturing (preferably automobile or auto-components)
- Strong understanding of accounting standards and manufacturing finance practices
- In-depth knowledge of cost accounting, standard costing, and variance analysis in an automobile/auto-components manufacturing environment
- Strong command of statutory compliance, including GST, TDS, excise/customs, and other relevant tax laws
- Proficiency in ERP systems (SAP, Oracle, or other manufacturing ERPs)
- Excellent leadership, interpersonal, and team-building skills
- Strong analytical mindset, problem-solving skills, and business acumen

Preferred:

- Exposure to automotive OEM or Tier-1 supplier manufacturing finance
- Experience in implementing or upgrading ERP systems in a plant setting
- Knowledge of global reporting standards (IFRS)
- Ability to work in a multi-plant, high-volume production environment

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