Financial Controller

ABOUT ELGi

Established in 1960 as an air compressor and garage equipment manufacturing company, ELGi Equipments Limited is today a global air compressor manufacturer with a broad line of innovative and technologically superior compressed air systems. ELGi has consistently worked towards ensuring that customers achieve their productivity goals whilst keeping the cost of ownership low, a strategy that has supported international expansion into over 100 countries. ELGi is fast expanding its global footprint attracting distributors and customers with its latest-generation products.

ELGi aspires to be among the Top 3 air compressor manufacturers in the world by 2035/36. This aspiration is the purpose that penetrates the length, width and depth of the organisation. ELGis vision and seven core values, each having its own hue and meaning, but together create a powerful and vibrant spectrum that permeates all levels with the same intensity and clarity, ensuring that every value is followed and lived everyday by everyone, with awareness and pride.

Role Overview

The Financial Controller is responsible for accurate and timely closure of books of accounts, proper accounting entries / processes, provide accurate accounting information to stakeholders, accounting and control of fixed assets. Ensuring compliance to accounting norms and statutory regulations, including audit requirements are critical to the role holder.

Key Responsibilities

• Accounting Oversight

  : Manage accounting entries (receivables, payables) ensuring accurate and timely transactions.

• Receivables & Payables Management

  : Track, monitor, and coordinate with stakeholders for receivables and payables, resolving any related issues.

• Financial Closing & Reporting

  : Ensure timely closure of books, preparation of financial statements, and consolidation in compliance with accounting standards.

• Fixed Asset Management

  : Oversee the acquisition, capitalization, and physical verification of fixed assets, ensuring proper recording and depreciation analysis.

• Compliance & Audits

  : Ensure adherence to statutory requirements, including Indian Accounting Standards, IFRS, and facilitate audits.

• Tax Compliance

  : Manage accurate tax calculations, filing of returns, and preparation of documents for tax benefits and audits.

• MIS & Financial Reporting

  : Prepare and provide MIS reports, financial statements, and other financial data to senior management.

• Budgeting Support

  : Assist in the development and review of annual budgets, providing necessary inputs and projections.

• Stakeholder Coordination

  : Coordinate with other departments (e.g., purchase, logistics) to address financial queries and ensure smooth operations.

• Process Improvement

  : Support automation projects and drive process improvements to streamline financial operations.

Required Skills and Responsibilities

• CA with 3-5 years of post-qualification experience in financial control and accounting.
• Prior experience in a listed company or Big 4 will be an added advantage.
• Strong knowledge of Indian Accounting Standards (IndAS), IFRS, and tax compliance, with experience in statutory and tax audits.
• Proficiency in ERP systems (e.g., SAP, Oracle) and accounting software for managing financial processes and generating reports.
• Experience in managing end-to-end accounting processes including receivables, payables, and fixed asset management.
• Proven ability in financial planning, budgeting, forecasting, and preparing management reports (MIS).
• Strong attention to detail with excellent analytical skills to interpret financial data and ensure accuracy in reporting.
• Effective collaboration and communication skills for working with cross-functional teams and presenting financial insights to senior management and auditors.
• Problem-solving ability to resolve accounting discrepancies and drive improvements in financial processes.