Financial Controller

About This Job

SHYAM METALICS AND ENERGY LIMITED

Location: Kolkata, West Bengal, India

Work Mode: On-site

Industry: Manufacturing,Primary Metal Manufacturing,Abrasives and Nonmetallic Minerals Manufacturing

Job Description

AGM / DGM / GM – Finance Controller

Department: Finance & Accounts

Business Vertical: Steel Long Products (Wire Rods, Wires, Bars, Stores & Exports)

Location: Corporate Office – Kolkata

Reporting To: Promoters / Managing Director

Position Overview

We are seeking an experienced Finance Controller to lead the financial and commercial functions of our Steel Long Products business. The role will be responsible for driving financial governance, profitability, budgeting, cost optimization, working capital management, statutory compliance, and strategic decision support.

The ideal candidate should possess extensive experience in manufacturing finance with strong exposure to the Steel, Metals, Ferro Alloys, or allied manufacturing industry. The incumbent will partner with business leadership to improve EBITDA, strengthen internal controls, enhance commercial efficiency, and support sustainable business growth.

Industry Preference (Mandatory)

Candidates must have experience in one of the following industries:

SteelStainless SteelMetalsFerro AlloysHeavy Manufacturing

Experience

15–18 years of post-qualification experience in Finance & Accounts.Minimum 7–8 years in a leadership role within the Steel, Metals, Manufacturing, or Ferro Alloys industry.Proven experience in:Financial ControlP&L ManagementEBITDA ImprovementFinalization of AccountsCost & Commercial FinanceWorking Capital ManagementImmediate joiners or candidates serving up to a 30-day notice period will be preferred.

Key Responsibilities

• Financial Control & Business Finance
  
  

Lead the overall financial management of the Steel Long Products business.Drive profitability through effective financial planning and commercial governance.Ensure accurate financial reporting and timely finalization of monthly, quarterly, and annual accounts.Monitor and improve EBITDA, gross margins, and business profitability.Prepare and review P&L, Balance Sheet, Cash Flow Statement, and other financial reports.Partner with business leaders to support strategic and operational decision-making.

• Costing & Margin Management
  
  

Oversee product costing for Wire Rods, Wires, Bars, and other finished products.Analyze standard vs. actual costs and identify cost-saving opportunities.Monitor:Raw Material CostConversion CostPower & Fuel CostYield & RecoveryManufacturing VariancesSupport pricing decisions through profitability and contribution analysis.

Drive initiatives for cost optimization and operational efficiency.

• Commercial Finance Control
  
  

Lead financial governance across sales, procurement, logistics, dispatch, and plant commercial operations.Review and approve:PricingSales contractsFreight costsSales rebatesCommercial termsEnsure accurate allocation of costs across plants, product lines, customers, and regions.

Conduct profitability analysis by product, customer, geography, and business segment.

• MIS, Budgeting & Financial Planning
  
  

Develop and strengthen the Management Information System (MIS).Publish monthly dashboards covering:Sales RealizationContribution MarginEBITDACost VarianceWorking CapitalInventoryReceivables & PayablesLead annual budgeting, rolling forecasts, and financial planning processes.Support Group Finance in consolidation and management reporting.

• Working Capital Management
  
  

Optimize working capital through effective monitoring of:InventoryReceivablesPayablesImprove cash flow and liquidity.Monitor debtor ageing and collection efficiency.Review customer credit limits and credit exposure.

Ensure timely vendor payments while maintaining healthy cash flows

• Commercial Operations & Statutory Compliance
  
  

Oversee:Contract ManagementDispatch AccountingFreight OptimizationVendor Claim SettlementEnsure compliance with:GSTTDSIncome TaxCompanies ActOther applicable statutory regulationsLiaise with statutory auditors, internal auditors, tax consultants, and regulatory authorities.Strengthen Internal Financial Controls (IFC) and Internal Control Systems (ICS).

• Financial Reporting & Accounts
  
  

Finalize monthly, quarterly, and annual financial statements.Ensure compliance with applicable Accounting Standards and regulatory requirements.Review journal entries, provisions, accruals, reconciliations, and closing activities.Ensure timely completion of financial audits.

• Team Leadership
  
  

Lead and mentor Finance, Accounts, Costing, and Commercial Finance teams.Drive process improvements, automation, and best financial practices.Build a high-performance finance function aligned with business objectives.

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