Job Title: Finance Controller
Reports To: CEO
Education : CA
Job Summary:
The Finance Controller will oversee and manage the complete finance and accounts team for a solar EPC company. This role includes controlling the company's financial cash flow, maintaining banking relationships, overseeing budgeting processes, and ensuring compliance with all financial regulations. The Finance Controller will play a key role in strategic financial planning, analysis, and ensuring the financial health and sustainability of the company.
Key Responsibilities:
Financial Management and Reporting:
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Oversee the preparation and presentation of financial statements, reports, and analyses.
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Ensure accurate and timely monthly, quarterly, and year-end close processes.
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Develop and maintain financial policies and procedures to ensure effective financial management.
Cash Flow Management:
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Manage the company's cash flow to ensure sufficient liquidity for operational needs.
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Monitor cash balances and forecasts, and develop strategies to optimize cash flow.
Budgeting and Forecasting:
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Lead the annual budgeting process, including the preparation and review of budget proposals.
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Monitor and analyze budget variances, and provide insights and recommendations to management.
Banking and Financial Relationships:
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Establish and maintain strong relationships with banks and financial institutions.
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Negotiate terms and conditions for banking services, loans, and other financial products.
Compliance and Risk Management:
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Ensure compliance with all financial regulations, standards, and company policies.
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Oversee internal and external audits and implement recommendations for improvements.
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Identify and mitigate financial risks to the organization.
Strategic Planning:
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Participate in strategic planning processes and provide financial insights to support decision-making.
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Develop and implement financial strategies to support the company's growth and profitability.
Operational Efficiency:
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Implement and maintain financial systems and software to improve operational efficiency.
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Drive process improvements to streamline financial operations and reporting.
Skill set required :
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Minimum of 3-5 years of experience in finance and accounting
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Experience in the renewable energy or EPC (Engineering, Procurement, and Construction) industry is highly desirable.
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Strong knowledge of financial management principles and practices.
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Excellent analytical, problem-solving, and decision-making skills.
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Proficiency in financial software and systems.
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Strong leadership and team management abilities.
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Excellent communication and interpersonal skills.
Competencies:
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Attention to detail and high level of accuracy.
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Ability to work under pressure and meet tight deadlines.
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Strong process orientation, strategic thinking and planning skills.
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Proactive and results-oriented approach.
KPI of the Role
Cash Flow Management:
Objective: Ensure optimal liquidity and financial stability for the company.
KPI: Maintain a minimum cash reserve ratio of [X]% of monthly operating expenses.
Measurement: Monthly review of cash flow statements and comparison against the set benchmark.
Budget Accuracy and Variance:
Objective: Enhance the accuracy of budgeting and financial forecasting.
KPI: Achieve a variance of less than [X]% between actual and budgeted figures.
Measurement: Quarterly analysis of budget vs. actual financial performance.
Financial Reporting Timeliness:
Objective: Ensure timely and accurate financial reporting to support strategic decision-making.
KPI: Complete and submit monthly financial reports by the [Xth] day of each month.
Measurement: Track the submission dates of monthly financial reports and compare with the target date.
Compliance and Audit Findings:
Objective: Maintain high standards of financial compliance and risk management.
KPI: Achieve zero significant findings in internal and external audits.
Measurement: Review audit reports and track the number and severity of findings.
Qualified CA
Skills: Chartered Accountant (CA) , Finance Control
