Financial Controller

This role primarily takes care of SMK Wellness PVT LTD (all locations) Financial closing &

reporting.

 Exercise system controls, facilitate continuous improvements, re-implementation, upgrade in

accounting & reporting processes to improve productivity.

 Ensure statutory compliances (in area of FEMA, GST, Direct Tax, Audit, and any other

applicable statute)

 Implementation of new corporate or Business initiatives/legal changes (IND AS, Automation,

Direct & Indirect taxes)

 Risk mitigation by ensuring adequate insurance cover for all locations/Assets and facilitating

speedy settlement of insurance claims.

 Evaluation of cost saving measures and ensure implementation of the same.

 Managing all Audits and liaising with the auditors.

 Facilitating all Banking related compliance

 Ensure proper revenue recognition and expense accounting.

 Preparing Cash flows and balance sheets on intervals as agreed with CFO.

 Supporting CFO to prepare SOP for Accounting, Budgetary compliances, Delegation of Powers

to approve expenses. Setting up Policies to ensure Cost optimization.

 Supporting the CFO with timely information to facilitate Business data analytics

Dimensions

Financials Turnover of Business: Approx 15 crores (first year

of Operation)

GFA of Business: INR 5 crores (1 st Year)

People related Direct Reportee: 1(to be decided from time to

time)

Indirect Reportee: To be decided from time to

time

Challenges of the role

 Managing the books of accounts in Tally ERP

 Multiple audits/multiple stakeholders, coordination with them- removing Nonconformities.

 Understanding/implementation of applicable rules/procedures due to ever changing legal

requirements/ new laws etc.

 Satisfying requirement of multiple stakeholders, Integration of process at common platform

for all four Indian plant locations

Principal Accountabilities & Responsibilities

Accountabilities Responsibilities Control Point

Managing Statutory

compliances (Taxes)

1) The incumbent would be

responsible for handling Indirect and

Direct taxes 2) He should ensure that

there are no statutory non-

compliances in terms of filing of

returns, payment of taxes etc.

Statutory Compliance within

Statutory timelines

Responsibility for Accurate

accounting

1) He would be responsible for

regular review of key accounts

ensure old balances are regularly

cleared/adjusted.

Accounts Closing and

Liasoning with auditors

1) The incumbent would take part in

the monthly/quarterly and annual

accounts and ensure timely closure

as per timelines.

2) He is responsible for ensuring that

all external/internal audits are

carried out without any major

adverse comments / objection .3)

The incumbent is responsible for

preparation of various kind of

Quarter on Quarter, Year on Year

variance for financials closing

No audit objection

Ensuring Compliance

framework finalization

1)Identify & establish Accounting &

Compliance framework

Implementation as per plan

Ensure Documentation

retention process is in

place

1) The incumbent is responsible for

ensuring proper documentation

process/guidelines is followed.

Easy Retrieval of Data and Records

Builds checks & controls 1) The position holder will build

checks and controls in all financial

transactions.

2) Preparation and review of DOP

(delegation of powers) to cover all

types of transactions for smooth

functioning of business

Strengthening Internal Controls and

Checks.

Banking 1) Review of bank charges

periodically and take necessary

action for reduction/optimization of

the same.

Smooth banking operations

Satisfying Internal

Customers

1) He would also be responsible for

satisfying other internal customers

viz other processes by giving timely

information/input to them.

Providing Data and Information in

time

Guide/Motivating

Subordinates

1) Guide subordinates for day-to-day

accounting and transaction

processing 2) Consistently try to keep

Subordinates working under the

incumbent motivated so that they

Motivating the subordinates

work efficiently.

3) Endeavour to improve their skills

by providing/nominating them for

trainings.

4) Gradually giving them more

responsibilities to enable them to

grow within the organization.

Ensure adequate insurance

cover in place, Ensure

timely receipt of insurance

claim.

1) He would be responsible for

adequate cover for all types of

insurance 2) The incumbent will take

active part in evaluation and

negotiation of premium rates for

insurance .3) Review of insurance

claims and ensure timely settlement

of all types of insurance claims.

Timely/adequate insurance cover

Timely settlement of insurance

without any loss to business

Working Relationships

Who do you interact with Purpose of interaction Frequency (How often)

Suppliers For payment, Statutory forms,

and reconciliation related

queries

Daily/Weekly/Monthly Basis

Govt. Agencies/Bankers For Compliance of statutory

requirements.

Daily/Monthly/Quarterly/Half

Yearly/Yearly Basis

Auditors For getting the audit done and

redressal of queries

Monthly/Quarterly Basis

Insurance Companies For adequate insurance cover,

timely renewal, filing of claim

and claim realization

Daily/Weekly/Monthly Basis

Decision Making Boundaries

 Delegation of Power granted to this position is sufficient to take care of all routine

operations.

 Amendments w.r.t regulatory changes

 Recommendations for correct accounting entries to ensure the health of the Books.

 Recommendation of Process Changes consequent to Internal Audit/ Regulatory Changes

Position Specification

Educational Qualification M.Com/Cost Accountant /CA Intermediate qualified

Nature of experience Financial Accounting & compliance experience

Duration of experience Minimum 3 years of Experience

Role specific competencies Process Orientation, Communication, commercial orientation,

Innovation, alignment to change

Job Type: Full-time

Pay: ₹900, ₹1,000,000.00 per year

Work Location: In person