Financial Controller

About the Role

SHYAM METALICS AND ENERGY LIMITED invites applications for the position of Finance Controller at their Corporate Office in Kolkata, West Bengal. The role is pivotal in managing the financial and commercial activities of the Steel Long Products division which includes Wire Rods, Wires, Bars, Stores, and Exports. Reporting directly to the Promoters and Managing Director, the successful candidate will oversee financial governance, budgeting, profitability enhancement, cost control, working capital optimization, compliance measures, and provide strategic financial insights to business leadership.

Industry Focus & Experience

Applicants must have substantial finance experience within Manufacturing sectors—preferably in Steel, Metals, Ferro Alloys, or related heavy manufacturing fields. The recommended profile includes 15 to 18 years of post-qualification finance and accounts experience with at least 7 to 8 years in leadership roles specifically in Steel or allied industries. Experience areas should cover financial control, P&L management, EBITDA improvement, accounts finalization, cost & commercial finance, and working capital management. Preference will be given to immediate joiners or those able to join within 30 days.

Key Responsibilities

• Direct overall financial management of the Steel Long Products unit, promoting profitability through robust financial planning and governance.
• Ensure timely and accurate preparation of financial statements including monthly, quarterly, and yearly accounts.
• Lead cost analysis and margin management, focusing on product costing, cost variances, and cost-saving methods across multiple cost categories like raw materials, conversion, power, fuel, and manufacturing efficiencies.
• Oversee commercial finance controls concerning sales, procurement, logistics, and plant commercial operations; manage pricing decisions and commercial terms.
• Enhance MIS capabilities by delivering monthly dashboards highlighting sales realization, EBITDA, cost variance, working capital metrics, and inventory management.
• Drive budgeting, forecasting, and financial planning annually to support group finance consolidation and reporting.
• Manage working capital by keeping close tabs on inventory, receivables, payables, debtor aging, credit limits, and vendor payments ensuring optimal cash flow.
• Supervise commercial operations, including contract management, dispatch accounting, freight cost control, vendor claims, and ensure compliance with GST, TDS, Income Tax, Companies Act, and related statutory laws.
• Maintain stringent internal financial controls, lead financial audits, and ensure compliance with accounting standards and regulatory policies.
• Lead, develop, and inspire finance and commercial teams promoting best practices, efficiency improvements, and automation to elevate financial operations.

Additional Details

Location: Corporate Office, Kolkata
Industry: Manufacturing (Primary Metal Manufacturing, Abrasives and Nonmetallic Minerals)
Work Mode: On-site
Reporting To: Promoters / Managing Director