Bu Finance Controller

**Role Purpose**

Responsible for financial management, including regulatory and financial reporting, closely work with FP&A team for budget and forecasts preparation, as well as development of internal control policies and procedures. Create opportunities through innovative methods that propel high operational efficiencies and better cash flow management on a long
- and short-term basis. Implement world class methods and work practices that drives accuracy, agility and dynamism within the function. Be highly result oriented to achieve the overall purpose and direction of the business. Interface between Group and Business verticals of the function for better synergies in areas of Regulatory and statutory, Tax and Accounts.

Ensure accountability of each function in line with the approved budgets and maintain the highest level of governance standards.

**Key Responsibilities**
- Support FP&A team in yearly Business budgeting processing with a high degree of precision and timeliness also work closely with the various teams viz. Business development, Contract Administration, Techno-Commercial, operations, Sales and services.
- _Cash flow and fund flow management, effective and efficient working capital management, coordination with central treasury, banks for fund and non-fund based limits operation_
- _Responsible to entire banking operation, follow and implement central treasury guidelines, policies and decision. Ensure zero idle fund, zero penal interest and 100% covenant compliance._
- _Closely work with central treasury team, arranging all the desired information, business case _for limits._
- _Develop and circulate periodic cash flow & fund flow MIS._
- _Ensure real time book keeping, book hygiene, effective and efficient internal financial control system_
- Ensure account finalization with high accuracy. Represent in statutory audits and address audit observations promptly. Oversee periodic review of G/L to ensure accounting integrity
- Work closely with an objective to create a system for monitoring key parameters on daily / weekly / monthly basis. Support FP&A team for accurate MIS and circulated across individual sites/units and also on a consolidated basis. Based on the FP&A team’s MIS, discuss and monitor with various teams on the parameters that have a major impact on the cash flow as well as expenses
- Ensure GST compliance, ensure 100% GST input tax credit and its utilisation, Income tax, GST, Transfer pricing audit, department audit.
- Support CFO in business planning and strategic decisions in acquisitions and mergers.
- Keep identifying activities for the Automation
- Keep an oversight on the Mining Sites by periodically visiting the sites
- Ensure integrity and control across various processes through continuous improvement**:make certain that processes are executed in line with new operating model and support adoption of improvements in accounting and reporting system and processes
- Guide and monitor all relevant stakeholders in terms of direct and indirect cost. Bring in efficiency of operations through better understanding of various financial parameters
- Ensure that revenues and expenses are booked in line with the accounting policies of the company and guidelines laid down by the Group Policies and that any changes in accounting rules and policies are promptly implemented in the Business
- Participate in account finalization of open items. Responsible to interact with statutory auditors and address audit observations promptly, oversee periodic review of G/L (or triggered by FP&A) to ensure high level of accounting integrity
- Interface with Corporate Secretarial in compliance matters. Ensure prompt notification of Secretarial events to the Corporate and BU Secretarial team and monitor satisfaction of compliance with statutory bodies.
- Ensure that Shared Services (ABEX) stays true to agreed SLAs, BU meets all reverse SLAs, any disagreements between Shared Services and BU Commercial requiring BU F&A intervention are promptly addressed, providing inputs / suggestions for improvement in Shared Services service delivery and helping shape the roadmap for Shared Services
- Interface with Corporate Tax team to ensure adherence to promised SLAs for DT & IDT compliance for own BU
- Respond to internal audit observations and drive the implementation of corrective / preventive measures within own BU
- Strengthen the system of Compliances and Pre-validation of major contract to ensure optimum Fiscal Benefit under GST Regime and Active Involvement in Regulatory Matters and Optimization of Revenue.
- work with the CA team to coordinate for the for receivables from the Mine owners ; setting working capital targets based on cash-flow requirements/ typical cash pattern for BU

Qualifications

**Job Specifications**

**Qualifications**:

- CA / MBA (Finance)

Experience
- Experience of 20 + years in large Indian conglomerate
- Similar experience of mining companies would be added advantage.
- Excelle