Finance Controller(Hea Job/ 27)

 Job Summary:

The Finance Controller is responsible for ensuring the financial health of the organization by managing and controlling its financial activities. This role involves overseeing accounting processes, financial reporting, budgeting, and internal controls to safeguard the company's assets and financial integrity. This role will closely work with business functions with clear objectives to maximize profitability, ensure financial sustainability, and support overall business objectives. This role will provide strategic financial insights, and support decision-making processes. This role involves financial analysis, budgeting, forecasting, and collaboration with various departments to drive financial efficiency and growth. This role will also oversee and ensure compliance with Goods and Services Tax (GST) regulations and other relevant tax laws. This role involves managing tax reporting, maintaining accurate records, and staying updated on changes in tax legislation to minimize tax liabilities and maintain the company's legal and financial integrity.

Key Responsibilities:

Financial Reporting:

● Prepare and analyze accurate and timely financial reports, including income statements, balance sheets, cash flow statements, and other financial performance metrics.

● Prepare and present regular and ad-hoc financial reports to senior management.

● Communicate financial performance, risks, and opportunities to non-financial stakeholders.

● Ensure compliance with accounting principles, regulatory requirements, and financial reporting standards. Financial Planning and Analysis:

● Provide insights into key financial metrics and performance indicators.

● Evaluate the financial impact of business initiatives and recommend corrective actions.

● Monitor budget performance, analyze variances, recommend corrective actions and provide insights to support effective decision-making. Cost Management:

● Analyze and manage costs, identifying opportunities for cost optimization.

● Provide cost-related insights to support efficient resource allocation. Cash Flow & Inventory Management:

● Monitor and manage cash flow to ensure liquidity for operational needs.

● Optimize cash management strategies and investments.

● Track and manage inventory levels ● AR & AP Tracking Internal Controls:

● Develop and implement internal control policies and procedures to safeguard company assets.

● Conduct regular reviews of financial processes to identify and address potential risks. Audit & Compliance Management:

● Develop and maintain a comprehensive compliance framework that aligns with relevant laws, regulations, and industry standards.

● Ensure compliance with financial regulations, tax laws, and reporting requirements.

● Coordinate and manage external audits, ensuring timely and accurate provision of required information.

● Prepare necessary documentation and respond to audit inquiries.

● Implement audit recommendations and drive continuous improvement in financial processes. GST & Tax Compliance & Reporting:

● Ensure accurate and timely preparation and submission of GST returns.

● Monitor changes in GST laws and regulations and implement necessary updates.

● Verify GST calculations and transactions for accuracy Tax Compliance Monitoring:

● Stay updated about changes in tax laws and regulations and assess their impact on the company.

● Implement internal controls to ensure ongoing compliance with tax requirements. Record Keeping:

● Maintain organized and up-to-date records of all relevant tax documents and transactions.

● Implement efficient record-keeping systems to facilitate audits and compliance checks. Tax Planning:

● Analyze financial data to identify opportunities for tax planning and optimization.

● Develop and implement tax strategies to minimize the company's tax liabilities. Collaboration with External Partners:

● Liaise with external tax advisors, legal counsel, and regulatory authorities as needed.

● Build and maintain positive relationships with relevant external stakeholders.

Qualifications and Skills:

● Qualified Chartered Accountant or equivalent

● Bachelor's or Master’s degree in Finance, Accounting, or related field

● Proven experience in a similar finance leadership role.

● Proven experience in tax compliance, particularly in managing GST.

● In-depth knowledge of relevant tax laws, regulations, and reporting requirements.

● Strong knowledge of accounting principles, financial regulations, and reporting standards.

● Excellent analytical, communication, and leadership skills.

● Proficiency in financial management software and Microsoft Excel.