Purpose of Position
– Heading the FP&A function of Finance organization, GVR IndiaGVR India is seeking a Financial Controller to lead the Accounting and Financial Controlling function at Mumbai location. Reporting to the India Finance Director, the Financial Controller is responsible for managing the day to day, operational and technical accounting requirements for the India Region to ensure internal and external reporting and compliance requirements are met across global and local corporate, statutory, regulatory, and head office requirements. This position has the responsibility to create and maintain an environment of robust and effective financial reporting processes, procedures, and controls. The role also oversees the leads managing the transaction processing for India Region from the COE at Bengaluru and is responsible for driving process excellence, achievement of KPIs/SLAs and a customer driven culture. The Finance Controller responsible for O2C including AR collections, P2P, R2R processes as well as Taxation – both Direct and Indirect.The finance controlling lead will have future opportunities to take on expanded leadership roles within the GVR and / or Vontier organization.
Key Responsibilities
- The role and responsibilities will include:
- Lead the monthly, quarterly, and annual (US and Indian statutory) close activities.
- Ensure that all KPIs and SLAs are met by the Financial Accounting-Reporting and Transaction Processing/COE teams.
- Adherence to requirements of 100% on time, error-free and compliance to Gaap requirements
- Transaction accounting
- Oversee the checks and controls around day-do-day transaction accounting in O2C, P2P and R2R processes including banking, credit cards an, payment processes.
- Ensure necessary approvals are in place for the above including adherence to the applicable Delegation of Authority DOA
- Transaction related processes to ensure finance policies and processes are effective and same are adhered to by business.
- Reporting financials
- Oversee the preparation of all financial and statutory reports for Group reporting, audit, balance sheet review, statutory books of accounts.
- Responsible for completion of month end including the external audit of the Company.
- Ensure review, reconciliation, and commentary of trial balance accounts.
- Regularly review and update systems and processes to identify and embed efficiencies, standardise, and automate reporting across the Financial Control functions.
- Forecasting and budgeting
- Work closely with the FP&A, Commercial Control and Plant Controller to complete the Groups forecasts.
- Additional responsibilities AR
- Oversee AR collections and along with the AR Manager partner with business to ensure that collections targets-cashflow targets, lowering past due AR and limit impact of CECL reserves.
- Oversee the functioning of the credit policy.
Banking and treasury
- Monitoring liquidity levels and investments, utilisation of funded/non-funded limits and fx transactions.
- Drive opportunities for trade finance to reduce working capital.
Capex
- Overall monitoring of capex spends track against budget and evaluate spend for returns.
Insurance
- Ensuring cover and cost of Company-wide insurance and HR business partner for employee/contractor’s insurance
Taxes
- Oversee and along with Tax Manager and hold responsibility for all local tax matters including direct, indirect tax, transfer pricing/inter-company arrangements, assessments-litigation and manage risks and opportunities offered by Country taxations rules and changes thereto.
- Working alongside external tax advisors and CFO to be responsible for all tax matters (annual tax calculations, payments, filings).
- Lead tax planning and strategy for India region.
- Be the HR partner for payroll tax impacts.
- Support Global tax team in completing reporting and compliance deliverables.
- Compliance, controls, and risk monitoring
- Design, implement and maintain the internal control and governance framework.
- Roll out Group policies and ensure approvals for any exceptions.
- Keep abreast of technical changes that impact GVR and deploy changes to ensure compliance.
- Support the CoE - Review and update systems and processes to identify and embed efficiencies, standardize and automate reporting across the accounting functions and ensure finance policies and processes are effective and adhered to by the business.
- Optimise the corporate structure, review, and publish technical papers as required.
- Tracking and escalation of compliances to local laws, applicable foreign regulations and GVR-Vontier processes and policies
- Track and control to limit risks from contingent liabilities, exposures in leasing (if any) and such other contingent/potential liabilities.
- Ensure controls for Segregation of Duties SOD, Delegation of Authority DOA and avoidance of Conflict-of-Interest COI including in the ERP/other systems and physical controls.
- Responsible for compliance disclosures to leadership team, Board and GVR/Vontier.
- Audits
- Responsible for various Group (variance explanations, Balance Sheet Reviews, SOX audits) and statutory audits (Annual statutory, Internal audit).
- Deploy corrective actions to address audit findings in a time-bound manner.
- Stakeholder management
- Ensure that the team establish and maintain strong relationships with both internal and external stakeholders.
- Customer focused on all interactions.
- Manage relations external audit, tax, and other professional engagements.
- Business partnering
- Collaborate with cross functional teams to provide financial guidance and support.
- Participate in evaluation of new initiatives and decision-making processes by providing analysis of impact to finances, compliance and controls and recommend countermeasures, where possible.
- Be a partner to the commercial, services, operations, and extended teams for ensuring financial literacy and compliances.
- Vontier Business Systems
- Identify and drive continuous improvements through Kaizen.
- Lead integration projects into Vontier/GVR processes, in case of new acquisitions.
Qualifications, requirements:
To be a good fit for this opportunity you will have:
- Chartered Accountant with ten-twelve years of overall experience in finance, accounting or controlling with at least three-five years of exposure to accounting, audit and controlling.
- Experience in manufacturing set-up and MNC background.
- Exposure to plant accounting, costing, FP&A, and other areas of finance will be considered.
- an added advantage.
- Should demonstrate strong financial acumen, critical thinking, problem-solving thinking skills and the ability to make decisions.
- Highly analytical, data and detail-oriented with ability to make decisions and work autonomously.
- Sound knowledge of ERP and reporting systems (preferably, SAP and Hyperion).
- Advanced Excel skills, command over MS Office applications and affinity to make presentations, as and when required.
- Strong compliance orientation to Vontier core value, GAAP requirements, policies, SOX requirements.
- Excellent communication and people skills, ability to interact effectively with diverse levels and functions and build solid-long term relationships.
- Experience of managing teams with proven record in employee engagement.
- Effective oral and written communication skills, including the ability to convey technical financial information to non-financial people.
Who Is Gilbarco Veeder-root
Gilbarco Veeder-Root, a Vontier company, is the worldwide technology leader for retail and commercial fueling operations, offering the broadest range of integrated solutions from the forecourt to the convenience store and head office. For over 150 years, Gilbarco has earned the trust of its customers by providing long-term partnership, uncompromising support, and proven reliability. Major product lines include fuel dispensers, tank gauges and fleet management systems.
Who Is Vontier
Vontier (NYSE: VNT) is a global industrial technology company uniting productivity, automation and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. Leveraging leading market positions, decades of domain expertise and unparalleled portfolio breadth, Vontier enables the way the world moves – delivering smart, safe and sustainable solutions to our customers and the planet. Vontier has a culture of continuous improvement and innovation built upon the foundation of the Vontier Business System and embraced by colleagues worldwide. Additional information about Vontier is available on the Company’s website at www.vontier.com.
At Vontier, we empower you to steer your career in the direction of success with a dynamic, innovative, and inclusive environment.
Our commitment to personal growth, work-life balance, and collaboration fuels a culture where your contributions drive meaningful change. We provide the roadmap for continuous learning, allowing creativity to flourish and ideas to accelerate into impactful solutions that contribute to a sustainable future.Join our community of passionate people who work together to navigate challenges and seize opportunities. At Vontier, you are not on this journey alone-we are dedicated to equipping you with the tools and support needed to fuel your innovation, lead with impact, and thrive both personally and professionally.
Together, let’s enable the way the world moves!
