Business Controller

Location: Bangalore, India

Thales is a global technology leader trusted by governments, institutions, and enterprises to tackle their most demanding challenges. From quantum applications and artificial intelligence to cybersecurity and 6G innovation, our solutions empower critical decisions rooted in human intelligence. Operating at the forefront of aerospace and space, cybersecurity and digital identity, we’re driven by a mission to build a future we can all trust.

Present in India since 1953, Thales is headquartered in Noida and has other operational offices and sites spread across Delhi, Gurugram, Bengaluru and Mumbai, among others. Over 2200 employees are working with Thales and its joint ventures in India. Since the beginning, Thales has been playing an essential role in India’s growth story by sharing its technologies and expertise in Defence, Aerospace and Cyber & Digital sectors. Thales has two engineering competence centres in India - one in Noida focused on Cyber & Digital business, while the one in Bengaluru focuses on hardware, software and systems engineering capabilities for both the civil and defence sectors, serving global needs. The Group has also established an MRO (Maintenance, Repair & Overhaul) facility in Gurugram to provide comprehensive avionics maintenance and repair services to Indian airlines and support the growth of the local aviation industry.

Job Title: Business Controller LR08

Location: Bangalore

Reporting to the ECC Business Controller the primary purpose of the role is to work as a Finance Business Partner within the operational team, driving the efficient delivery of key business information. The Business Controller will also provide finance expertise and insight in to the Project Management & development activities and multi-year budget processes.

We are looking for a qualified, who has demonstrable commercial finance experience in a long term project environment, the Business Controller will have strong business partnering, stakeholder management, communication and presentation skills and, in particular, the ability to communicate with Mid-senior level individuals.

Working in this key role for a global defense organization the Business Controller will be proactive, dynamic and self-motivated with a desire to find and deliver improvements. In addition, the Business Controller will have the ability to work independently as well as together with both finance and non-finance professionals

Key Responsibility

Receivable Controlling

• Revenue Target Analysis & Budget allocation
• Hedge commitment & follow-up with Project Manager & business line
• Customer commercial agreement review & validation as per Intragroup trading rule (IGTR)
• Customer order status review & follow-up with business line
• Customer Order review & follow-up with business line to meet the STPI & Offset clause.
• Overdue payment tracking and Liaison with customer.
• Unbilled revenue tracking & follow-up with Project & business line.

Payable Controlling

• Cost verification and budget controlling, support for PVET (Procurement) approval.
• CAPEX acquisition approval and budget tracking.
• Fixed Asset Creation and Charge code on GRN Posting for PO Items.
• Project / Cost Center Chargeability and expenses nature validation for non PO Items.
• Tracking and follow-up for Fixed and Recurring supplier Invoices.
• Project Inward cash tracking and supplier payment Instruction to treasury as per FEMA.
• FOREX Invoice and payment updation for STPI Compliance.
• Open PO Tracking, closure & Follow-up with Procurement & Cost Owners

Closing & Reporting

• Supplier TIME Sheet and Fixed cost tracking, Project report preparation and validating with project team.
• Monthly fixed and recurring provision preparation and review, CAPEX Reconciliation and unbilled CAPEX Tracking and closure.
• Monthly Actual Cash outflow for CAPEX & Projects & Cash forecast planning.
• Revenue, PnL and Cash flow Reconciliation & forecast, Analytical Financial preparation for Management operation review.
• Actual vs forecast/budget variation analysis with management review notes.
• Customer receivable ageing (Billed + Unbilled) analysis and notes for management review, Customer Credit Analysis and monitoring for smooth Cash inflow.

• Interaction / Discussion with various functions for regular hassle-free operations
• Data preparation & uploading in Drone for defense offset compliance.
• FOREX Spent for STPI (MPR, QPR & APR) compliance.
• Information gathering, follow-up & intragroup recharge Budgeting planning.
• Supporting other functions for correct budget input.
• Budget simulation and charge rate preparation.

Requirements

• Preferably a Chartered Accounted / MBA Finance
• 8-10 years of experience in finance accounting & minimum 5 years of experience in project accounting position with budgeting and analytical responsibilities.
• Knowledge of finance, accounting, cost accounting, budgeting and cost control principles
• Ample Knowledge / experience in SAP, ANAPLAN experience will be an added advantage.
• Ability to interpret and evaluate complex financial information through critical thinking
• Proficient in MS Office (Excel, Word and Power Point) is mandatory.
• Strong Business Understanding and with experience in complex defense projects would be advantageous
• Professional written, verbal communication and interpersonal skills

At Thales, we’re committed to fostering a workplace where respect, trust, collaboration, and passion drive everything we do. Here, you’ll feel empowered to bring your best self, thrive in a supportive culture, and love the work you do. Join us, and be part of a team reimagining technology to create solutions that truly make a difference – for a safer, greener, and more inclusive world.