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Chennai Corporation, Tamil Nadu, India
Onsite
Did you know KONE moves over one billion people every day? In 2025, we had annual net sales of EUR 11.2 billion. We employ over 60,000 driven professionals in close to 70 countries worldwide joined together by a shared vision. As a global leader in the elevator and escalator industry, it is our mission to improve the flow of urban life.
Why this role?
KONE is embarking upon an exciting growth phase and this represents an opportunity for you to join our Chennai HO team, as Senior Manager / Manager Finance. The Financial Controller manages the day-to-day financial controlling activities to meet the Units short and long-term business objectives and comply with the KONE Financial Control Models (FCM) and external regulations, accounting principles and standards. The Financial Controller supports the definition of local financial policies and ensures that both local and global policies are adhered to. This role applies to Financial Controllers in all frontline and supply line units for all business units and will report to a Financial Director/Manager.
What will you be doing?
• Ensure that the legal entity financial reporting is prepared on a timely manner in accordance with both KONE Accounting Standards and statutory requirements.
• Ensure that all defined tasks in the month-end closing process executed by finance operations partner(s), KONE Business Services and the finance Global Process Owners (GPOs) are performed for a unit
• Collaborate with the finance operations partner(s), KONE Business Services (KBS) and finance GPOs 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 that proper balance sheet reconciliation is prepared for the legal entity in accordance with the KONE balance sheet reconciliation policy
• Ensure timeliness, completeness and accuracy of both legal entity and business line/unit results and forecasts in KONE consolidation system (CPM Beacon) in collaboration with business controllers
• Organize and run periodic financial performance and balance sheet reviews with Finance Director, Business Controllers, KONE Business Services and finance operations partner(s)
• Ensure forecasting of statutory income statement and balance sheet items, bridging between business forecasting and legal entity view
• Ensure execution of unit specific internal control activities (execution of local internal control activities, relevant documentation and appropriate monitoring activities as defined by global KONE internal controls framework)
• Ensure that statutory and tax reporting are filed in accordance with both, the local legislation and globally agreed timelines
• Ensure that annual dividends are distributed in accordance with the KONE dividend policy
• Manage audit process ensuring that both group as well as statutory audit is conducted in accordance with globally defined scheduled and scope
• Continuous follow-up of local legislation and understanding of potential impacts to our business and financial reporting. There should be proactive communication of these on to both, 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 actively with finance GPOs, KONE Business Services and finance operations partner(s) to resolve process issues or exceptions. Ensure that KONE global finance processes and improvement initiatives are implemented in unit in line with global policies and process blueprints
• Identify and forecast FX exposure and agree on hedge plan with KCO treasury
• Actively participate in relevant mergers & acquisitions related activities in cooperation with the global KONE M&A team
• May lead a team of financial professionals
• Providing actionable insights on financial performance of unit to the Finance Director, Business Controllers as well as business leaders on a day-to-day basis
• Participate to selected business meetings to build detailed understanding of unit business performance and related topics. Provide accounting expertise as needed.
• Advise business on bank guarantees, provide approvals, and collect back bank guarantees
• Gain understanding of FX exposure and potential impacts for a unit and advise business in FX management in projects
• At month-end, review and summarize legal entity financial result and performance and balance sheet in cooperation with business controllers to validate completeness and accuracy of both financial and management reporting and forecasting.
Are you the one?
What do we offer?
At KONE, we are focused on creating an innovative and collaborative working culture where we value the contribution of each individual. Employee engagement is a key focus area for us and we encourage participation and the sharing of information and ideas. Sustainability is an integral part of our culture and the daily practice. We follow ethical business practices and we seek to develop a culture of working together where co-workers trust and respect each other and good performance is recognized. In being a great place to work, we are proud to offer a range of experiences and opportunities that will help you to achieve your career and personal goals and enable you to live a healthy and balanced life.
At KONE, we believe in fair and competitive pay that recognizes performance and supports employee engagement. Our approach covers a comprehensive total rewards package, including both financial and non-financial benefits. We are committed to fostering a culture of fairness, respect, equity, diversity, and inclusion.
Read more on https://kone.com/global/en/careers.html
