Account Manager

Detailed Description

• Strict adherence for filing of various returns as per the mandatory frequency under every act.
• Payment of taxes on timely basis.
• Identifying legal tax saving avenues and implementing the same.
• Replying to queries, clarifications, show cause as the case maybe on timely basis in coordination with C.A.
• Maintaining legal calendar for having the pulse.
• Handling subsidy documentation, rebate claim documentation and renew documentation on a timely basis.
• Ensure issuance and collection of various forms and certificates on case to case basis.
• Ensure book closing is done on timely basis every month.Release BS, P&L, Cash Flow statement on a monthly basis.
• Follow book closing checklist.Co-ordination with internal auditors, external auditors for timely and accurate balance sheet closing.
• Coordinating with bank for term loans, bank guarantee, etc.
• Ensure system is in place for monthly target v/s actual variance report for each product Analysis of raw material cost, subcontracting cost for each product & report exceptions.
• Contribution analysis of each product and submit the same to the management on a timely basis.
• Drive entire budgeting process by analysing vertical wise past performances.
• Product market matrix Cost center expense wise budgeting.
• Reporting on monthly basis about deviations.
• Strong coordination with other departments in terms of budgeting activity.
• Appointment of internal auditor in coordination with management.
• Discuss the terms and conditions with internal auditor in coordination with management.
• Develop frequency with respect to how frequent internal auditor will be visiting the company and conducting audit.
• Coordinate with internal auditor for giving him inputs with respect to scoping of audit work.
• Establish and improvise standard operating procedures across the departments, finance in particular.
• Taking actions and escalate findings with respect to internal audit to management.
• Review of internal audit report with top management on timely basis.
• Liasoning and appointment of statutory auditor in coordination with management.
• Comply with ROC formalities with respect to appointment of statutory audito Improvise the date of signing balance sheet.
• Attending board meetings from time to time.
• Adhering to the accounting standards Updating oneself with accounting standards.
• Maintain fixed asset register.
• Timely capitalisation of fixed asset.
• Ensure setoff/subsidy is availed.
• Periodic physical verification of fixed asset in coordination with operations & purchase department.
• Calculating depreciation as per companies act and IT act.Calculating payback Implementing payback policy.
• Escalate discrepancies between book v/s physical asset to management.
• Monitor collections from receivables are happening on timely basis.
• Develop a follow up system for collection of receivables.
• Define & implement credit control policy.
• Ensure submission of bills on timely basis.
• Monitor the entire bill booking process of material, services, asset on accurate & timely basis.
• Ensure all checking parameters at the time of purchase bill booking are adhered like rate, tax, quantity, advance ,various deductions, WCT, TDS, etc before authorising the bills.
• Monitor payments to payables are happening on timely basis. Ensure advance given is adjusted on timely basis.
• Ensuring that advances to employees, vendors are settled on timely basis .
• Monitor & escalate old advances to management.
• Proper utilisation of funds - Planning for short term investments, etc.
• Monitor petty cash, payment to CA follow up maintain PCFC tracker Bank Charges Verification with Sanction Letter & Record maintainance Reduction in overall cost of funding
• Supervise all import and export related documentation done by the subordinates with respect to benefits, payments, receipt of material, etc are done on timely basis.
• Take lead role in driving / implementing ERP in the organisation. Head the CFT (ERP) for continuous improvement.
• Coordinate with implementing agency for resolving the ongoing issues. Submission of MIS should be done on timely basis.
• Keep updated on all latest trends and changes & imparting training to subordinates on the same.