Finance Controller - new Dow - Mumbai, Maharashtra

Finance Controller-1102093

Description

Finance Controller India

SUMMARY:

Lead the Controllers department for India Subcontinent and Mauritius with primary responsibilities of handling all the activities under the following sub topics

(a)  Financial and Statutory Compliances,

(b)  Costing,

(c)  Payroll,

(d)  Accounts receivable and CISS functions,

(e)  Business analytics to support country management and commercial team,

(f)   Help tax department in tax compliance, audit and assessments.

REPORTING RELATIONSHIPS: This position reports to the Chief Financial Officer - Dow India

PRIMARY DUTIES AND RESPONSIBILITIES:

This position is responsible for handling complete 'Financial Controller' responsibilities for all the Dow subsidiaries and Joint Ventures / Divested Business for following Legal Entities :

Dow Subsidiaries in India and Mauritius:

1.  Dow Chemical International Private Ltd

2.  Dow Agrosciences Private Ltd

3.  Dow Agrosciences Mauritius Agriculture Limited

4.  Dow Agrosciences Investment Private Limited

5.  Rohm and Haas India Private Limited

Dow Joint Venture and Divested Business:

6.  Dow GACL Solventure Limited ( Newly set up JV)

7.  Styron Trading India Private Limited ( Divested business, interim support)

A) Finance and Statutory (F&S) Department Major Responsibilities: (30%)

Lead the F&S team in ensuring that: (only critical activities listed)

·         Ensuring proper month close and quarter close per USGAAP and  IFRS, as applicable for all legal entities under scope

·         Ensuring correct recording and reporting during various business complexities like equity structuring, divesture, acquisition, joint ventures and of regular financial items

·         Taking Major Accounting Decisions

·         General ledger scrutiny

·         Implementation of new accounting rules like IFRS, relevant part of Goods and Service Tax and Direct tax Law or any other changes

·         Ensuring proper completion of Statutory Audit  for all legal entities under scope\

·         Handling Fixed Assets ( CPAM)

·         Handling Insurance

·         Handling Intercompany Payments

·         Handling Bank reconciliations

·         Handling Corporate Audits

·         Helping Tax team in tax compliance , audits and assessments

B ) Costing Department (15%):

Lead the costing team in ensuring that: (only critical activities listed)

·         Product Costing, Cost of goods Sold analysis, Manufacturing & Expenses Variance analysis , inventory Analysis ( Slow moving , non moving) including LCOM postings

·         Inter Company Price review and request for exception

·         Forecasting and Budgeting

·         Accounts Reconciliation

·         GMID/NMI Creation

·         CMR report and analysis  (PM analysis for all business)

·         GRIR

·         Recharges and Rebilling

·         Analytics : Cost per FTE- R&D, IEC and BPSC

·         Statutory compliance pertaining to 100 % Export Oriented Unit Activities

·         Management Information System for Dow India -(Commercials & Centers) Monthly reports

·         Monthly and Quarterly Accrual -ageing analysis

·         Manufacturing VAT compliance for plant locations

C ) Payroll Department (10%):

Lead the Payroll team in ensuring that: (only critical activities listed)

·         Ensure Error Free and Smooth Monthly Payroll

·         Accurate and timely statutory Compliance in respect to employee tax and  social security

·         Service Provider Contract Management

·         Internal Control & Compliance, GREEN Internal Audits

·         Confidentiality management

·         Record Management

·         Actuarial Valuations

·         Deliver Quality and strive for Performance Centric Culture

D) AR and CISS  (5%):

Lead the team in ensuring following: (only critical activities listed) :

·         Ensuring Proper and Timely Cash Allocations

·         Ensuring accurate and timely miscellaneous invoices

·         Ensuring issuance of accurate and timely credit note to the customers

·         Ensuring timely customer reconciliations as requested by commercial team

·         Ensuring processing of timely sales promotion claims

E) Business Partnering (10%):

Help businesses for various support including analytics, project decision making, setting up systems for new centers and plants, help define, integrate and educate processes to the stakeholders, ensuring consistency, helping in any new business ideas and opportunities etc.

F) People Management: (15%)

Serve as a leader, coach, friend and guide to team of 25 people. Try best in managing their career, expectation, learning, team building, development etc.

G) Support to Country Management (10%)

Help Country Management in dynamic analytical support; take part in various special projects with significance importance on strategy and decision making etc.

H) Others (5%):

Helping various stakeholders on queries related to DOA, Ethics and Compliance, various policy matters etc.

SKILLS REQUIRED

Proven ability in the following areas:

• Well developed external and internal networking ability with strong relationship and influence skills.
• Excellent business acumen and financial analysis skills with strong strategic and implementation skills.  An ability to determine patterns, discern gaps, identify actionable solutions, and prioritize.
• Expertise in analysis and project management skills needed in development and management of business plans
• Ability of work independently and with global teams
• Creativity needed in generation of new product/business ideas

Education Required

(1) Bachelor of Commerce

(2) Chartered Accountant from Institute of Chartered Accountant of India + any other degree preferable e.g. CPA

EXPERIENCE REQUIRED

8-10 years of work experience in related activities post CA qualification.

Incumbent should be upto date with knowledge on finance and should have flavor for business.

Incumbent needs to be proficient as user of computer software in addition to SAP, Business Objects, Access database, and others such as R3, HFM, and have strong negotiation skills.

Incumbent needs to be able to take decisions with limited information, work under pressure and dynamic environment, prioritize competing priorities, leverage knowledge through the team, have excellent interpersonal skills, have positive attitude, motivate, anticipate,  be a clear communicator  and technically capable.

Communication skills are a must, since the role implies involvement with several multifunctional projects and evaluations.  Also decision making is relevant, evaluation of risks and opportunities, detailed knowledge of businesses and strong knowledge of internal control requirements and related policies and procedures.

Location

MUMBAI

Qualifications

The role is India sub-continent Finance Controller .

Primary Location

Pacific-India-India-Mumbai

Schedule

Full-time