Financial Controller

Yash Seals
Department Icon Corporate Finance
Posted: 9 hours ago
8-13 years
Vasai, Goregaon
Corporate Finance
work from office
Full Time
Closes 11 Jan 2027
Posted: 9 hours ago
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Job Description

  • Financial Controller
  • Financial Controller
  • Yash Seals Pvt Ltd • Vasai, moving to Goregaon (Mumbai) within 23 months • Full-time, on-
  • site • Reports to: Directors • Progression: CFO
  • About Yash Seals
  • Yash Seals is one of Indias largest integrated manufacturers of security seals and
  • livestock identification tags. Our products prevent theft, protect assets, ensure
  • compliance and create transparency across global operations from cargo containers to
  • apparel tags to cattle in the field.
  • We serve e-commerce, logistics, oil & gas, chemicals, pharma, utilities and aviation, and we
  • export to markets across North America, Africa, Southeast Asia and Europe. Two plants,
  • 125,000+ sq ft, 52+ injection moulding machines and an in-house tool room give us control
  • of the entire chain from mould design to dispatch.
  • We are a family-owned business that used to be traditional and is now changing in every
  • facet: doubling capacity year on year, launching in new countries, entering new verticals,
  • and growing past what we thought we were capable of.
  • The role
  • We are looking for a Financial Controller to own the finance function end to end
  • controllership, costing, procurement oversight, cash, controls, systems and planning
  • across two divisions and two plants.
  • This is a builders role, not a caretakers. You will design or rebuild much of the functions
  • architecture: the close calendar, the cost-centre and standard-cost structure, the
  • authority and credit rules, the order-to-cash process, plant-level finance at each site, and
  • an accounts function that today runs entirely on Tally. We need someone who builds
  • finance systems that run without being pushed every month and who turns numbers into
  • decisions the directors and plant heads can act on the same week.
  • You lead the accounts, costing and plant accounting staff, direct the procurement team,
  • and manage our auditors, tax advisors and bankers. You report directly to the directors;
  • the path from here leads to CFO.
  • Page 1 of 5
  • Financial Controller
  • What youll own
  • Reporting and close
  • Own the monthly close against a published calendar, with MIS by division and by plant
  • delivered on a fixed date each month
  • Prepare a P&L that reflects how the manufacturing operation actually runs:
  • contribution by product line, overhead absorption, inventory valuation and
  • provisioning, fixed-asset capitalisation
  • Prepare monthly cash flow statements and a 13-week rolling liquidity view
  • Build the quarterly pack for the directors and lenders, with every variance explained
  • and owned
  • Costing, variances and plant finance
  • Run daily material variance analysis and convert it into specific recommendations on
  • scrap, regrind and yield
  • Run daily labour and machine-efficiency variance analysis to surface line-level gaps
  • and correct product costing
  • Maintain standard costs by product line on a machine-hour-rate basis and keep them
  • honest as volumes, resin prices and machine mix change; own the standard-cost
  • master in the system
  • Reconcile material issued against standard consumption and physical stock every
  • month
  • Set up plant-level finance at both sites: plant accountants reporting to you, physical
  • verification cycles, scrap control and capex tracking
  • Order-to-cash and credit control
  • Build the order-to-cash process end to end: customer onboarding and credit
  • assessment, order acceptance against credit limits, e-invoicing and e-way bills,
  • dispatch release, collections, receipt application, TDS reconciliation against 26AS,
  • disputes and claims, and write-offs
  • Write the credit policy and get it enforced in the system: limits and payment terms by
  • customer segment (key accounts, distributors, government tenders, exports),
  • security for new accounts (advance, LC or bank guarantee), and a hold-and-release
  • rule so dispatches dont go out against overdue accounts, with the escalation path
  • and override authority agreed with sales
  • Page 2 of 5
  • Financial Controller
  • Run a weekly collections review with sales: ageing by customer, follow-up cadence,
  • customer statements and balance confirmations, key-account portal reconciliations,
  • and government receivables (retention money, performance guarantees)
  • Move DSO by segment, overdue % and bad debts, and use credit insurance, TReDS or
  • channel finance where they pay for themselves
  • Cash, working capital and banking
  • Run the daily cash position and the 13-week cash forecast
  • Lead the accounts team on a disciplined creditors cycle and working-capital rhythm,
  • tracked on DSO, DPO and inventory days
  • Manage bank relationships and working-capital limits: monthly stock and book-debt
  • statements, drawing power, CMA data for renewals, LC/BG lines, covenant tracking,
  • and forward cover on export receivables
  • Procurement oversight
  • Oversee the procurement team across direct and indirect spend; review daily ad-hoc
  • purchases; approve RFQs and POs within the authority matrix
  • Move the procurement KPIs that matter: key input cost as a % of sales, purchase
  • price variance, month-on-month tracking, category-level cost reduction
  • Keep vendor payments within MSME timelines and payables ageing clean
  • Controls, compliance and audit
  • Write and enforce the delegation-of-authority matrix and the core policies: credit,
  • capex (with post-completion review), inventory provisioning, fixed-asset
  • capitalisation, scrap disposal
  • Control master data: who can create vendors, customers, items, BOMs, standard
  • costs and price lists, with maker-checker on each
  • Own the statutory and tax audits (and cost audit where applicable), GST and TDS
  • compliance through the team and external advisors, and the internal financial
  • controls documentation
  • Keep the company diligence-ready at all times: reconciled ledgers, clean schedules, a
  • data room that can be opened within a week
  • Accounts function and systems
  • Streamline an accounts function that today runs entirely on Tally: standardise and
  • document every process (SOPs, maker-checker, segregation of duties), and cut the
  • manual work in bank, GST, vendor and customer reconciliations
  • Page 3 of 5
  • Financial Controller
  • Own the chart of accounts, cost centres by machine group and department, profit
  • centres by division and plant, and project codes for capex and moulds, in whatever
  • system runs them
  • Automate the recurring reports so the teams time goes into analysis, not compilation
  • Planning and strategic finance
  • Build the annual operating plan with the directors and plant heads volumes,
  • capacity, headcount, capex and cost budgets by division and report actuals against
  • it every month with variances explained and owned
  • Appraise capex on machines, moulds and new lines (payback, IRR) and review
  • outcomes after commissioning
  • Sit on the core team for fundraising projections, data room, diligence responses
  • and lender/investor material working directly with the directors
  • What success looks like in the first year
  • 90 days: close calendar published and met, daily material and labour variance reports
  • live, 13-week cash view in place, credit policy drafted and agreed with sales
  • 6 months: annual operating plan built and in use, authority matrix and credit holds
  • enforced in the system, weekly collections review running, bank reporting on
  • schedule, plant accountants at both sites reporting to you
  • 12 months: standard costs rebuilt on machine-hour rates with monthly consumption
  • reconciliation, accounts processes documented with reconciliations automated and
  • the ERP decision made, controls documented and tested, an MIS pack that lenders
  • and investors can use without rework
  • What were looking for
  • Prior experience in business finance, plant finance, or an assistant/head plant
  • controller role, typically 8+ years. Manufacturing experience is required; injection
  • moulding or another machine-intensive process is a plus
  • A strong grip on cost accounting in a manufacturing setting: BOM, standard vs actual,
  • machine-hour absorption, scrap and yield
  • CA, CMA or MBA (Finance); Ind AS exposure is a plus
  • Has built or run credit control and collections in a B2B business, ideally with key-
  • account and government receivables
  • Has streamlined a Tally-based accounts function or led a migration from Tally to a
  • larger ERP
  • Page 4 of 5
  • Financial Controller
  • Hands-on with an ERPs finance and costing modules you have designed a chart of
  • accounts or cost-centre structure, not just used one
  • Experience with bank limits and reporting (stock statements, CMA data) and with
  • managing auditors
  • A track record of building finance systems that keep working without you pushing
  • them every month
  • Comfort on the shop floor, not just in the P&L you should want to walk the line to
  • understand a variance
  • Someone who brings the recommendation, not just the number
  • Why this role
  • A direct line to the directors and a real path to CFO as the company scales
  • Full ownership of the function rather than one slice of it: reporting, costing,
  • procurement, cash, controls, systems, budgeting and fundraising all sit with you
  • A function you get to design, not inherit; the architecture you put in place is what the
  • company scales on
  • A business that is actively growing, so your work compounds instead of maintaining a
  • steady state
  • Location: based at our Vasai office for the first 23 months, then at our Goregaon
  • (Mumbai) office. Regular time at both plants is part of the role.
  • Page 5 of 5

Skills

Cash FlowFinance ControlAccounting FunctionsControlStrategic Financial PlanningBudgetaryBudgetary ControlFund ManagementBudgetingBusiness FinanceSalesChart Of AccountsCma DataAccountsCost AuditCash FlowFinanceCost AccountingCostingCredit PolicyHeadcountErpPayablesValuationWorking CapitalCfoFinancial Controller

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