Finance Controller (AGM/DGM/GM)

Location: Hyderabad, HO

Employment Type: Full-Time

CTC: INR 36 to 40 LPA

Job Overview

The AGM, Finance and Accounts will play a critical role in Banyan Nation’s growth by leading the finance function, ensuring smooth financial operations, and supporting strategic decisionmaking. Reporting to the CFO, the Finance Controller will work closely with the Co-founders and senior leadership team, driving the company’s financial planning, budgeting, cost management, and compliance functions. This is a high-impact role within a capital- and labour-intensive manufacturing business, contributing to the company’s ambitious expansion plans.

Key Responsibilities:

1. Financial Planning and Budgeting

• Lead company-wide financial planning and reporting, covering sales forecasts, costing, pricing, collections, cash flows, and working capital management.
• Collaborate with department heads to translate business goals into detailed budgets, cost plans, and forecasts.
• Assist the CFO and senior management in the preparation of quarterly and annual budgets, covering production, payroll, capital expenditures, and operational costs

2. Financial Operations

• Oversee month-end closures, financial forecasts, and budget controls.
• Ensure the accuracy of inventory, control the flow of raw materials, and manage cost analysis for manufacturing operations.
• Maintain high standards of bookkeeping and real-time cash reconciliation to enable prompt decision-making.
• Automate financial processes to reduce manual dependencies and ensure operational efficiency.
• Conduct internal audits, including vendor, supplier, materials, and stock audits, to maintain financial integrity

3. Cost Control and Management Accounting

• Analyse plant performance monthly, providing detailed commentary on cost variances and opportunities for improvement.
• Develop financial reporting systems and dashboards for operational teams and senior management.
• Collaborate with department managers to manage business operating expenses and ensure compliance with budgeted targets.
• Identify and implement cost-saving initiatives, revenue maximization strategies, and inventory control processes.

4. Compliance and Auditing

• Ensure 100% compliance with statutory, regulatory, and organizational policies, principles, and laws.
• Conduct periodic compliance audits of internal systems, vendors, suppliers, and external partners.
• Adhere to ethical standards in data integrity, financial tracking, reporting, and system implementation.

5. Team and Vendor Management

• Lead the finance team, providing mentorship, training, and support to ensure accurate financial operations.
• Collaborate with informal recyclers, vendors, and other external partners to ensure smooth financial transactions, GST compliance, and innovative financing schemes.
• Manage payroll, accounts payable/receivable, and daily cash reconciliations

6. Investor Relations

• Engage with investors independently, addressing queries and providing financial updates during board meetings.
• Ensure transparency and accuracy in financial reporting for investor relations.

7. Reporting and Analytics

• Prepare various MIS reports related to inventory position, movements, and reconciliations
• Develop high-level dashboard summaries for management on inventory status and vendor payments
• Generate ad-hoc reports as required by management

8. Process Improvement

• Identify areas for operational improvement based on data analysis
• Suggest and implement process enhancements to increase efficiency and accuracy

Qualifications:

• Chartered Accountant (CA) with 12-15 years of experience in finance and accounting, preferably in manufacturing environments.
• At least 4-5 years in a similar role as Finance Controller in a mid-sized manufacturing business or as a Senior Finance Controller in a large organization.
• Strong experience in accounting, financial operations, costing, budgeting, cash flow management, inventory control, compliance, and regulatory affairs.
• Proficiency in accounting principles, financial reporting, compliance, and inventory accounting.
• Experience working with informal suppliers, including recyclers and vendors, is a plus.

Preferred Traits:

• Strong leadership and managerial skills, with the ability to create systems, processes, and accountability frameworks.
• Ability to work under pressure and meet tight deadlines.
• Excellent communication, collaboration, and negotiation skills.
• Advanced skills in Microsoft Excel, Word, and PowerPoint, with knowledge of Tally accounting software.