Financial Controller
RackBank Datacenters · Indore · onsite · Posted today
Undisclosed10–15 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
About the Company:
RackBank Datacenters is one of Indias growing AI infrastructure companies. We design, build and operate high density data centres for GPU workloads, with campuses in Indore, Raipur and Mumbai, and we use our own liquid immersion cooling technology, Varuna. Our sister business, NeevCloud, runs an AI cloud platform on this infrastructure and gives Indian enterprises and startups access to GPU computing on demand.
The group is headquartered in Indore and is in a phase of rapid expansion, with significant investment going into new data centre capacity and GPU infrastructure. Strong controllership is central to how we grow, raise capital and earn the trust of investors, lenders and customers.
Job Title: Financial Controller
Location: Indore, with occasional travel to our Raipur and Mumbai sites
Qualification: Chartered Accountant (ICAI member) - Mandatory
About the Role:
We are looking for an experienced Chartered Accountant to join our Finance team in Indore as Financial Controller. Reporting to the CFO, you will own the integrity of our books, lead the monthly close and financial reporting, manage tax and statutory compliance, run our audits and build the internal control framework. You will also look after treasury, banking and cash flow.
You will lead and develop the accounts team and work closely with the FP&A Manager, project teams and business heads. This is a senior, hands on role for someone who can set up strong processes in a fast growing, capital intensive business and still roll up their sleeves at month end.
Key Responsibilities:
Accounting, Close and Reporting
- Own the books of account for RackBank and its group entities, ensuring a disciplined monthly closing process and timely reconciliation of financial statements.
- Prepare standalone and consolidated financial statements under Ind AS, including intercompany reconciliations and eliminations between RackBank and NeevCloud.
- Establish and implement accounting policies for revenue from colocation, power and GPU cloud contracts, as well as leases, in accordance with Ind AS 115 and Ind AS 116.
- Manage capital work in progress and the fixed asset register for data centre construction and GPU deployments, ensuring timely capitalisation, appropriate componentisation and accurate depreciation.
- Collaborate with the FP&A Manager to ensure monthly MIS, lender reports and board financials reconcile with the books of account.
- Lead, mentor and develop the accounts team, ensuring clear ownership, accountability and review processes across all areas of financial closing.
Tax and Statutory Compliance
- Ensure timely and accurate GST compliance across all state registrations, including returns, input tax credit reconciliation and annual returns.
- Manage TDS, advance tax, income tax returns and tax audits, and coordinate assessments and notices with external advisors.
- Oversee transfer pricing documentation for related-party transactions and manage FEMA and RBI reporting requirements relating to foreign investments, equipment imports and overseas payments.
- Coordinate ROC filings and statutory records in collaboration with the Company Secretary.
- Monitor changes in tax laws and accounting regulations and advise the CFO on their implications for the business.
Audit and Internal Controls
- Lead statutory, tax and internal audits from planning through final sign-off, serving as the primary point of contact for auditors.
- Develop and maintain the internal financial controls framework, including delegation of authority and maker-checker controls across procure-to-pay, order-to-cash and record-to-report processes.
- Develop and implement finance policies and SOPs covering vendor onboarding, capital expenditure approvals, contract reviews and expense claims.
- Drive ERP improvements and process automation to reduce manual work, improve accuracy and streamline the financial closing process.
Treasury and Cash Flow
- Manage banking relationships, daily cash positions and payment runs, ensuring appropriate authorisation and financial controls.
- Manage working capital, including customer collections, receivables ageing and vendor payment terms.
- Oversee term loans and working capital facilities, including drawdowns, letters of credit and bank guarantees for equipment imports.
- Ensure compliance with lender requirements and financial covenants, working closely with the FP&A Manager and Head of Fundraising.
- Manage investments of surplus funds in accordance with the approved treasury policy.
Preferred Candidates:
The ideal candidate will be a qualified Chartered Accountant (CA) with 10 years of experience in financial controllership, accounting, taxation, and compliance, preferably in the infrastructure or technology sector.
This job posting has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
AutomationAI infrastructurecloud platformbank guaranteesauditsAdvance Taxaccountantcapital expenditureconstructioncompany secretaryBankingCapitalisationcloudCASH FLOWChartered AccountantAccountingcomplianceArtificial Intelligence
About RackBank Datacenters
RackBank Datacenters
IT Services & Consulting
25
employees
Indore
IN
₹4.2L PA avg
Avg at RackBank Datacenters
About
Rackbank Datacenters Pvt. Ltd. is a data center and IT services provider offering colocation, cloud hosting, and managed infrastructure solutions. The company supports enterprises with secure, scalable, and cost-effective hosting environments designed for high performance and reliability. With expertise in server management and digital infrastructure, Rackbank enables businesses to optimize operations and ensure seamless connectivity. ```
Industries
IT Services & Consulting
Employee ratings
10 reviews
4.2/ 5
Culture
3.4
Career growth
3.3
Work-life
3.8
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