Global Finance Controller

Group Overview

Eternis Fine Chemicals Limited (Eternis) was born of a dream in 1988. And in a short span of time, they have become one of the top 10 global aroma chemical manufacturers globally. Today, they are the largest exporter of aroma chemicals in India and exports are 80% of the sales. Eternis is a leading manufacturer of specialty chemicals from India catering to the global market. Led by Mr. Rajen Mariwala of the Marico promoter family, Eternis is one of the largest aroma chemical makers in India. Over the past two decades the company has grown over a 100 times from just over INR 20 Cr to over INR 2000 Cr, catering to all the major global flavours and fragrance companies with over 80% of its revenue coming from exports. Over the years, the company has diversified into multiple products and contributing to success for global customers. At the heart of this journey, has been its focus to excel and provide cutting edge solutions to its customers through Innovation, Quality and Sustainability.

History & timeline – Mariwala Group

In the early 1900’s Shri Kanji Morarji founded a pepper trading company and the family earned the endearing moniker of Mariwala or pepper sellers. From here, the company grew and by 1940, “Bombay Oil industries” was formed. A decade later, the company forayed into coconut oil, setting up a factory for the same in Mumbai. This was the birth of one of India’s most iconic brands- Parachute, a name synonymous with quality, branded coconut oil. By the 1960s the family had a successful entry into Oleo chemicals and Spice Oleoresins. In the 1990s, a separate entity Marico Ltd was born – a name that has emerged as one of the most successful consumer goods brands in India. This was also the time that Eternis was formed, albeit as Hindustan Polyamides & Fibers Limited.

Eternis Today

Eternis today is a global leader in Aroma & Personal Care with an ambition to touch a turnover of 500MUSD. Apart from focus on organic growth through product enhancement and diversification, Eternis has also expanded its portfolio through acquisitions.

In 2018, Eternis acquired AIMS Impex Pvt. Ltd, the largest manufacturer of coumarin, a fragrance chemical, in India with almost 50% of the market share.

In 2021, Eternis acquired Tennants Fine Chemicals Ltd (Tennants Fine Chemicals), headquartered at Leek, Staffordshire in the United Kingdom and its wholly owned subsidiaries in Singapore and China, from Tennants Consolidated Limited. In addition to enhanced market presence, this acquisition has also given them a manufacturing foothold in European markets.

In December 2024, they have announced the acquisition of 100% of Sharon Personal Care, (Sharon PC), having innovation labs and manufacturing capabilities in Italy and Israel, distribution sites in US, Italy, Germany and France as well as a global distribution network. This acquisition marks a significant step towards diversifying its offerings and widening the portfolio into the growing personal care segment and meet the evolving demands of today.

Apart from the manufacturing operations in Italy (Milan), UK (Leek), Eternis has 4 plants in India located at Pune (3) and Sinnar (1), near Nashik. It also set up a state-of-the-art R&D Centre at Rabale, Navi Mumbai which is recognized by the Government of India (Department of Scientific & Industrial Research) as an “In-house R&D Centre”. This facility is run by highly qualified PhDs, chemists and chemical engineers. Eternis has gained product leadership through consistent delivering of value to customers through scale and expanding the portfolio of products. By listening to customers constantly they provide customized solutions. They have also strengthened their international marketing team to provide local contact points for speedy customer responsiveness.

In 2024 the company appointed Wilfrid Gambade as their Group CEO to accelerate the growth and development of Eternis overseas, as well as developing the activity of the company beyond the field of F&F.

Eternis is an equal opportunity employer. They embrace diversity and encourage individual strengths. They go beyond basic employee welfare and focus on engagement at all levels. Their HR policies and practices are constantly reviewed in order to achieve a high employee engagement, retention of talent and development of leaders for the future.

Job Title

Job Title	Global Finance Controller for Aroma , All, Eternis Fine Chemicals, Finance & Accounts
Eternis Level	GM

Position in the Organisation

Organisation structure	India/All/Finance & Accounts/ Finance Controller
Reports directly to	Chief Financial Officer
Other reporting to	N/A
Direct reports	Managers/AMs-Accounts and other sub-functions
Other reports	N/A

Mission

Purpose of the Job/Job Mission: (Insert a short description of the role/job, maximum 2 to 4 sentences/Bullet point.)

To anchor financial strategy by delivering robust business planning, insight-driven analytics, and cost-improvement leadership. The role ensures accurate MIS, supports strategic reviews, and provides forward-looking financial inputs to enhance organizational performance and long-term value creation.

Responsibilities and Accountabilities

This role would be responsible for handling entire gamut of Accounts and Control for Aroma BU comprising of 2 entities based in India and UK and its subsidiaries based in US, Netherlands & Singapore which will include Financial Accounting, Controls, Taxation(direct and indirect), costing, Consolidation of Accounts and overseeing plant accounting.

• Accounts
  • Overseeing Bills Payable, Bills receivable and General Ledger
  • Timely preparation of monthly Financial Statements as per applicable GAAP
  • Consolidation of Accounts with India Group accounts
  • Leveraging SAP Platform by improving Accounting & MIS processes
• Internal Controls & Compliance
  • Develop and enforce financial policies, procedures, and internal controls to ensure compliance with legal standards and regulatory authorities.
• Taxation
  • Strategizing for optimisation of tax outflows and identify opportunities for savings
  • Ensuring compliances with Direct and Indirect Taxes & Liaisoning with tax consultants for completion of assessments, appeals & refunds for all legal entities within Aroma BU
  • Transfer pricing documentation, audits and assessment
• Budgeting & Forecasting
  • Work with Business Finance team in preparation of annual budgets and financial forecasts, and monitor/report on variances.
• Audit Management
  • Primary contact for Statutory Audit for all Group entities
• Banking and Treasury
  • Provide required support to Treasurer for the Treasury operations
• Insurance
  • Arranging Insurance coverage for entire Group assets in India, UK and international subsidiaries
• Team Leadership
  • Supervise, mentor, and direct the accounting department staff

Measurement / Key Performance Indicators

Evidence of good performance related to key tasks and responsibility mentioned above, use to measure success in the role:

• Complete the Closure of Monthly books of Accounts as per TAT
• Consolidation of monthly financial statements as per TAT
• Deliver all relevant inputs to monthly MIS to management as per TAT
• Completion Annual statutory Audit by 30th April
• Ensure data accuracy
• Tax Compliance Rate: Percentage of tax returns filed accurately and on time to avoid penalties.
• Number of Returns Filed Electronically: Measures efficiency in tax reporting and digital adoption.
• Audit Success Rate/Risk Exposure: Monitors the outcome of tax audits and lowers historic risk exposure
• Interest and Penalties: Total costs incurred due to late payments or filing errors.
• Insurance:
• Renewal of Insurance policies within the Budget and on time
• Minimising the risk exposure

Position Requirements – Education, Experience, Competencies

Educational Requirements: Describe the minimum educational requirement/level

• Mandatory: CA
• Desirable:

Experience: Describe the knowledge and experience required for this role.

• Mandatory:
• Atleast 12-15 years of experience
• Hands on experience of working in multi company environment
• Atleast 8-10 years in Manufacturing industry
• SAP Exposure a MUST
• Desirable:
• Experience in financial controlling from Chemical Manufacturing industry.
• Leading international teams

IMS Responsibilities

NA

PSM Responsibilities

NA