Responsibilities –

• The subsidiary controller is primarily responsible for the accounting operations of the entity including preparation of periodic financial statements/ reports, ensuring that reported financials are fair and accurate and comply with generally accepted accounting principles or international financial reporting standards and local in-country requirements, compliance including maintaining separate books of accounts, if required as per local law.
• He/ She is responsible for timely closure of all audits, internal or external and ensure timely filing of all statutory reports.
• The controller is also responsible for assessing the risk and control environment across processes at regular intervals, ensuring comprehensive set of controls are in place to mitigate risk and they are followed through.
• The controller ensures streamlining of various policies, procedures and controls and ensure they are aligned with the larger corporate/ other entities. Exceptions, if any, are to be kept minimal.
• The controller works closely with other functions including secretarial, taxation, treasury, payroll, etc. to ensure smooth operations of the entity, manage cash flow, and ensure timely payments to employees / vendors.