The Financial Controller will play a critical role in overseeing and managing financial operations related to Welspun One. This position requires a seasoned finance professional with a deep understanding of fund management, real estate finance, and accounting principles. The primary goal is to ensure efficient fund utilization, financial compliance, and accurate reporting while contributing to strategic financial planning and decision-making.
Responsibilities
Financial Reporting
Ensure timely and accurate preparation of financial statements, including income statements, balance sheets, and cash flow statements.
Coordinate with the accounting team to validate and reconcile financial data, ensuring accuracy and compliance with accounting standards.
Submit required financial reports to regulatory bodies and investors within specified deadlines.
Fund Performance
Regularly assess the performance of real estate funds by evaluating metrics such as return on investment (ROI), net asset value (NAV), and internal rate of return (IRR).
Generate comprehensive fund performance reports that highlight key performance indicators to investors and stakeholders.
Recommend strategies for optimizing fund performance, such as asset allocation adjustments or investment diversification.
Risk Management
Identify potential financial risks associated with fund management and real estate investments, including market risks, credit risks, and liquidity risks.
Develop risk mitigation strategies and action plans to minimize the impact of identified risks on fund performance.
Maintain a comprehensive risk register and regularly update it to reflect changing risk profiles.
Compliance
Ensure compliance with all relevant financial regulations, including SEBI regulations, tax laws, and accounting standards.
Oversee the preparation of financial statements and reports in accordance with Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).
Conduct periodic audits and internal reviews to verify compliance and address any compliance issues promptly.
Strategic Planning
Collaborate with senior management to analyze financial data and provide insights for strategic decision-making.
Assist in the development of long-term financial plans and investment strategies to achieve organizational goals.
Present financial forecasts, investment opportunities, and risk assessments to support strategic planning discussions.
Team Leadership
Provide clear direction and objectives to the finance team, ensuring alignment with the organization's financial goals.
Foster a culture of continuous learning and development, encouraging team members to enhance their skills and expertise.
Evaluate team performance and provide regular feedback, coaching, and mentorship to achieve a high-performing finance team.
Investor Relations
Establish and maintain strong relationships with investors, Banks, addressing their inquiries and concerns promptly and professionally.
Provide regular updates to investors on fund performance, financial outlook, and strategic initiatives.
Collaborate with the investor relations team to organize investor meetings, presentations, and reports to enhance transparency and trust.
Budget Management
Collaborate with project managers/CPO and stakeholders to develop detailed project budgets for real estate development initiatives.
Monitor project expenses and variances against budgets, proactively identifying and addressing any budget overruns.
Provide regular budget performance reports to senior management, highlighting areas for cost-saving opportunities.
Qualifications
- Bachelor's degree in finance, Accounting, or a related field (MBA preferred).