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Financial Controller



Accounting & Finance
Bengaluru, Karnataka, India
Posted on Friday, October 27, 2023

About River

River is an electric vehicle startup building multi-utility scooters. The company builds products ground up with a strong focus on design and engineering. We have started deliveries for our flagship vehicle River Indie. With the current team of 300+ we are expanding rapidly, and are backed by marquee international investors - these are mobility focused funds backed by some of the big names in the automotive industry.

Key Responsibilities:

  • Reporting: Support Month-end closing, Forecasting, Budgeting, Variance Analysis, Support Plant management with MIS and ad-hoc analysis.
  • Inventory : Inventory Valuation, Inventory Optimization, Inventory controls over receipts and physical verification.
  • Plant Operating cost: Cost Control over Plant Labor & Overhead, Freight & Distribution Cost and regularly track plant performance.
  • Fixed Asset: Capitalization of Fixed Asset, Fixed Asset Tagging and verification. Budgeting and tracking of Capex.
  • Compliance: Facilitate the interactions with the various authorities like the Department of Industries and tax compliance.
  • Costing: Support accurate product costing and allocation of plant overhead to products. Maintenance and tracking of Bill of Material (BoM) and establish Standard Costing.
  • Initiatives: Drive cost reduction and waste elimination initiatives at the plant to support Funding the Growth.
  • Governance : Implement and maintain financial policies, procedures and internal control .Periodical review of the plant processes to ensure adequate control exists and align with Company policy.
  • Collaboration: Actively participate in Production Planning and Plant Operations related discussions.

What we are looking for:

  • CA/CWA Qualified.
  • 7+ years of proven experience in financial management in a plant/manufacturing environment.
  • Demonstrated team management experience, including the ability to lead and develop a finance team.
  • Excellent communication, problem-solving, and analytical skills.
  • Ability to manage multiple tasks and meet deadlines.
  • Attention to details and commitment to accuracy.
  • Proficient in Microsoft Office Suite and accounting software (SAP/Odoo).