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KONE

Manufactures and maintains elevators, escalators, doors

Financial Controller - Finance

Financial AccountingPosted on Nov 10
Full-timeChennai, Tamil Nadu, IndiaNo salary listedIn-person

About the Job

Requirements

  • 10+ years of experience with relevant education.

Responsibilities

  • Ensure legal entity financial reporting is prepared on time in accordance with KONE Accounting Standards and statutory requirements.
  • Ensure defined month-end closing tasks performed by finance operations partners, KONE Business Services, and finance Global Process Owners are completed for the unit.
  • Collaborate with finance operations partners, KONE Business Services, and finance Global Process Owners on close activities, providing local business insight and supporting evidence on account movements.
  • Review and approve key reconciliations, journal entries, and the bridge between KONE Reporting (IFRS) and statutory reporting.
  • Ensure proper balance sheet reconciliation is prepared for the legal entity in accordance with KONE policy.
  • Ensure timely, complete, and accurate legal entity and business line/unit results and forecasts in KONE's consolidation system (CPM Beacon), collaborating with business controllers.
  • Organize and run periodic financial performance and balance sheet reviews with the Finance Director, Business Controllers, KONE Business Services, and finance operations partners.
  • Ensure forecasting of statutory income statement and balance sheet items, bridging business forecasts with the legal entity view.
  • Ensure execution, documentation, and monitoring of unit-specific internal controls under the global KONE internal controls framework.
  • Ensure statutory and tax reporting are filed in accordance with local legislation and globally agreed timelines.
  • Ensure annual dividends are distributed in accordance with KONE's dividend policy.
  • Manage the audit process, ensuring group and statutory audits follow globally defined schedules and scopes.
  • Continuously follow local legislation, understand potential impacts on the business and financial reporting, and proactively communicate them to local and global stakeholders.
  • Act as the first point of contact for local authorities.
  • Approve payment proposals and authorize manual payments in accordance with KONE policy.
  • Collaborate with finance Global Process Owners, KONE Business Services, and finance operations partners to resolve process issues or exceptions, and ensure global finance processes and improvement initiatives are implemented in line with global policies and process blueprints.
  • Identify and forecast foreign exchange exposure and agree on hedge plans with KCO Treasury.
  • Participate in relevant mergers and acquisitions activities in cooperation with the global KONE M&A team.
  • Provide actionable insights on unit financial performance to the Finance Director, Business Controllers, and business leaders.
  • Participate in selected business meetings to understand unit business performance and related topics, and provide accounting expertise as needed.
  • Advise the business on bank guarantees, provide approvals, and collect back bank guarantees.
  • Understand foreign exchange exposure and potential impacts for the unit, and advise the business on foreign exchange management in projects.
  • At month-end, review and summarize the legal entity's financial result, performance, and balance sheet with business controllers to validate completeness and accuracy of financial and management reporting and forecasts.

About the Company

KONE

Manufactures and maintains elevators, escalators, doors

KONE designs, manufactures, installs, maintains, and modernizes elevators, escalators and automatic building doors for buildings worldwide. Its products move people and goods between floors in residential, commercial, and public spaces, enabling vertical transportation and safe access. Revenue comes from selling new equipment and from long-term service contracts for ongoing maintenance and modernization, creating both upfront and recurring income. What sets KONE apart is its ability to provide end-to-end solutions and a global service network, a strong emphasis on energy efficiency and sustainable design, and a broad portfolio that covers equipment, modernization, and door systems. The company’s goal is to support urban development by delivering reliable, energy-efficient vertical transportation and access solutions that improve people flow in modern buildings.

Company size
10,001+
Company stage
IPO
Headquarters
Espoo, Finland
Founded
1910

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