Manager – Financial Controls (Largest Education's Franchise Group), Worli, Mumbai

Job Description:

Position: Manager – Financial Controls
Department: Finance & Accounts
Years of Experience: 10+ Years
Number of Positions: 1
 

Vertical: Finance & Accounts

Department: Finance & Accounts 

Location: Mumbai

Qualification: CA / MBA (Finance) / CMA or equivalent

Experience: 10 years in Financial Control, Commercial Finance, or Business Finance roles (min 5+ years experience in internal audit)

Job Description:

The Manager – Financial Controls is responsible for enforcing robust financial governance through the evaluation and approval of contracts, POs, and business cases. The role ensures cost control, ROI validation, and performance analysis to support data-driven decision-making. The position demands strong financial acumen, compliance orientation, and strategic thinking to enhance profitability and reduce financial risk.

Key Responsibilities:

• Review and approve commercial contracts, purchase orders, and vendor agreements in line with company policies.

• Analyze commercial terms and assess risk exposure of financial transactions.

• Validate business cases and perform ROI analysis for projects and strategic initiatives.

• Collaborate with business units to ensure cost-effectiveness of investments and expenses.

• Monitor operational and capital expenditures to ensure alignment with budgets.

• Identify and implement cost optimization measures and financial efficiencies.

• Ensure adherence to statutory and internal financial compliance.

• Develop and enforce SOPs related to finance, business controls, and risk management.

• Maintain audit-ready documentation and support internal/external audits.

• Support strategic decision-making through financial modeling and insights. Scope of work: The role encompasses the financial control of commercial operations across the organization, involving contract review, expense monitoring, business case validation, and compliance enforcement. The incumbent will act as a key advisor to leadership, ensuring business decisions are financially sound and aligned with strategic goals. The role also involves developing frameworks for risk mitigation, driving cost efficiency, and maintaining financial discipline across departments. Skills and Qualities:

• Strong financial analysis and cost control expertise

• Proficiency in evaluating contracts, SLAs, and POs

• Advanced financial modeling and ROI assessment capability

• Excellent knowledge of ERP systems and financial reporting tools

• High-level Excel and PowerPoint skills

• Strong communication and stakeholder management skills

• Analytical and detail-oriented with a strategic mindset

• Understanding of compliance and risk management frameworks

• Ability to work collaboratively across functions

• Problem-solving and decision-making abilities Perks and Benefits:

• Excellent Career Progression

• Competitive Compensation Package

• Health Insurance

• Energetic and Enthusiastic Work Environment

• Performance Bonus

• Employee Development Plans

• Celebration and Reward