Position- Assistant Finance Controller
Location- Ahmedabad
Key Skills
Agile, Self-starter, Tech Savvy, Time management, Stakeholder Management.
Candidate is preferable from Big 4 firms, having Audit expertise or Pharmaceutical / Nutraceutical industry, having FP&A, Supply Chain Finance expertise.
Role & Responsibility
A. Books closing and Balance Sheet Integrity
- Prepare standalone financials for MIS and statutory reporting on monthly basis within timelines provided by central team.
- Conduct budget vs actual variance analysis, coordinating with departments for explanations and closure.
- Review and approve all material journal entries, including:
- Accruals and provisions
- Reclassifications and corrections
- Estimates and judgment‑based entries
- Enforce month‑end book freeze after completion of all checks and reviews.
- Circulate accounting checklist confirming all the monthly activities.
- Prepare management review decks and discuss with Finance Controller.
- Provide details and coordinate with the 3rd party consultants for valuation reports.
- Own end‑to‑end balance sheet integrity, including:
- Periodic reconciliation of all balance‑sheet accounts
- Review of ageing, nature, and recoverability
- Proactively identify and resolve long‑outstanding, abnormal, or non‑business balances.
- Ensure implementation of accounting policies, changes in accounting standards and accounting interpretation.
- Support drafting and review of financial statement schedules and notes.
- Create GL code based ensuring underlying annexures are signed by relevant authority.
B. Fixed Assets Accounting & Capital Governance
- Create and alter asset codes.
- Capitalize all capital expenditures post validation of approvals, Capitalization criteria and supporting documentation
- Account for asset disposals, retirements, impairments, and transfers with complete audit trail.
- Identify and retire idle, obsolete, or fully depreciated assets as per policy.
- Execute and review monthly depreciation runs (book & tax).
- Maintain and reconcile a complete Fixed Asset Register (FAR) with GL and physical assets.
C. Inventory Control
- Review inventory movement, valuation, and consumption reports for accuracy and completeness.
- Ensure periodic third‑party physical verification and closure of discrepancies.
- Identify and escalate slow‑moving, non‑moving, and near‑expiry inventory to Operations, Commercial, and R&D.
- Ensure appropriate provisioning for aged and obsolete inventory.
- Drive and track aged inventory liquidation plans, ensuring commercial action and accounting follow‑through.
- Review and validate yield loss computations, investigate variances, and partner with Operations for root causes.
E. Costing, Overheads & Profitability Analytics
- Own standard cost computation and monthly updates.
- Identify margin variance vs budget at product level and discuss action plan with respective departments.
- Coordinate with R&D for:
- Cost validation of new products / SKUs
- Resolution of BOM or formulation discrepancies
- Prepare product margin forecasts, coordinating with Procurement for future price assumptions.
- Design and maintain overhead allocation methodologies across products and divisions.
- Review and analyze divisional, product, and customer profitability.
- Drive SKU rationalisation activity.
- Prepare Product cost reconciliation with Trial balance on monthly basis and identify reason for variances.
- Discuss with CFT to identify Productivity initiatives and track performance of productivity against plan.
F. Subsidy Accounting & Claims (Government Schemes)
- Prepare documentation and working papers for subsidy claims.
- Coordinate with consultants for timely filing, clarifications, and government interactions.
- Liaise with cross‑functional and Group (Glanbia) teams to gather and validate supporting documents.
- Ensure correct accounting recognition, tracking, and reconciliation of subsidies received or receivable.
G. Contract & Commercial Governance
- Review key legal and commercial contracts from a finance, accounting, and statutory impact perspective.
- Own and maintain a central contract repository linked to accounting and disclosures.
- Track and ensure timely renewal of critical contracts.
H. Internal Financial Controls (IFC) & Risk Management
- Drive IFC testing, walkthroughs, and sample verification.
- Identify control gaps and failures; define and track corrective action plans.
- Strengthen internal controls based on audit findings, Operational changes or System enhancements.
I. Audit (Internal & Statutory)
- Provide auditors with reconciliations, schedules, working papers, and explanations.
- Track and close audit observations and management action points, ensuring no repeat issues.
- Work towards zero qualification and zero repeat observation outcomes.
J. Automation, Systems & Continuous Improvement
- Identify opportunities for automation and control strengthening across systems and processes.
- Reduce manual, spreadsheet‑driven processes through systemization and standardization.
- Develop and maintain SOPs, process flows, and control matrixs wherever required.
K. Budgeting and Forecast
- Prepare supporting files and computations for budget and forecast.
Provide support to Finance Controller for preparing budget deck.
Benefits Provided:
1 Free Air-Conditioned Transportation to the Factory
2 Paid Leave
3 Tea/Coffee & Canteen Facility
4 Accident Insurance
5 Provision for Bonus & Gratuity
6 Training programs for professional advancement
7 Progressive work environments conducive to personal and professional growth
Source: Company career page
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