Job
Description
job purpose - Lead Payable, PSF (SC)/ASF, FAR, Costing, and Opex/Capex functions. Advise management to make important business decisions. Coordinate with stakeholders, such as Auditors, suppliers, vendors, government agencies, and business partners as and when required. This role calls for a high level of maturity, insight, and vision. Accountabilities Key Performance Indicators Audit & Closing activities: Lead statutory audit for the function. Resolving queries; guaranteeing complete correctness in provisioning and trend analysis, and completion of audits - MAG, Statutory and External Audits (AAI, MoCA, CISF, PSF, CAG) Closure of audits without any adverse observations Completion of internal /external audit within TAT. Non repetition of audit observation. Timely and accurate variance analysis of PL & BS Timely and accurate Audit schedules to statutory auditors Monitoring of NASFT / PSF accounts: Preparation of financial statement, audit and submission of PSF (SC), Evaluation of claims, prompt submission to NASFT, and resolving queries about claims; NASFT reconciliation and recovery follow-ups; Corresponding with NASFT, CISF, AAI, MOCA teams. Compliance of NASFT’s SOP Finalization and audit of PSF (SC) financials Accurate Billing to NASFT within timelines defined Periodic reconciliation of dues with NASFT and timely recovery of claims Prompt responses to NASFT /CISF/AAI & MoCA for queries/clarification sought. 100% compliance to SOP & guidelines issued by MoCA w.r.t. NASFT. Account payable -MIS: Review of information/ data required for various MIS viz. expenses, vendor balance, cashout flow, budget comparison, etc. Data/ information required for specific purpose like regulatory, legal and special audit/ due diligence. MIS with analysis for taking management decision: Budget vs actual Actual vs Actual Accurate data for MYTP filing. Accurate data for legal cases, insurance claim filing and due diligence. Expenditure schedules for MIS. Invoice processing & Payments: Monitoring of SSC's SLA pertaining to function. Monitoring of Accruals/deferment, BGs & LC, Petty cash, Coordination with stakeholder (External/Internal) and addressing their concern. Improvement in TAT 100% SLA compliance Adherence to SOPs for process Optimize cash flow management. Improvement of CSAT score >3.5 Improvement in vendors/suppliers’ satisfaction score > 4 Maintaining Cost records and Cost Optimization Finalization of cost records on a monthly basis and analysis of variance and its improvement CRA-2/CRA-4 filling with ROC MGT 14 filling with ROC Benchmarking major revenues and expenses with standard cost drivers and other Airports Implementation of the CO module Terminal wise Costing to CEO and Board Certificate for utility from cost accountants on a quarterly basis. Capex Budget & Fixed Assets Accounting Timely Capitalization as per put to use date and review of existing CWIP Process Improvement in terms of SOPs/Master Data/SAP Report Generation Participating in Negotiation meetings on High value procurement (Capex and Opex) Review of all Capex NFAs in terms of AOP/SOPs/DOP and ensuring 100% compliance Physical verification of asset and tagging (every 6 months) Statutory Compliances, Corporate governance & Internal Contral: Completion of tax audit report schedules; GSTR audit/reconciliation; Monitoring MSME payments & filing of return, Legatrix reporting. RPT transactions and their compliances as per the Company Act, 2013 and OMDA. Monitoring of SOP compliance Zero loss of ITC- nonnegotiable 100% compliance to OMDA, Company Act 2013, ICFR, CARO & Legatrix reporting . 100% MSME compliance & filing of return to MCA as per timelines. Ensure RPT transactions are recorded in compliance with approval in place. Commercial Negotiation, Banking, (review & support): Evaluation of the e-NFA, involvement in negotiations, BID assessment, and review of minimum wages, classification of expenditures (Capex & Opex) Cost effectiveness/saving To improve PAT, including potential ROI and long-term benefits. 100% Compliance with minimum wages. To ensure availability of working capital limit for operational payment. Interest saving on working capital by using various mode of financing such as Vendor financing, e-TReDs (bills discounting), Corporate Credit Card, etc. Process Improvements : Identify the scope of improvements in various existing processes and ensure the implementation with help of SAP and others Customization/improvement of SAP reports. Ensure one Kaizen is for each team member. Identification and implementation of BLIPs/CIPs initiative. Team Development: Develop functional skills of team members by providing them training, understand and address their concerns and provide environment for them to develop. Identify training needs, Job rotation, additional tasks to be assigned. Refresh courses on technical skills as per needs. Interactions : External - Roles you need to interact with outside the organization to enable success in your day to day work Internal - Roles you need to interact with inside the organization to enable success in your day to day work Vendors for commercial and Account issues. Interacting with Procurement team for updating contracts, PO in SAP to ensure accuracy /approvals. Auditors – statutory, external, Internal Interacting with Closing, MIS and Compliance team for tax related issues. Interacting with SAP TCS team for process improvement. Interacting with Legal team for Legal related issues. MoCA/ AAI/ NASFT/ BANKs/ CISF / CAG Interacting with HR, P&E and Operation team for payment and invoice processing related issues. Interacting with NASFT for reimbursement of claim/ recovery of dues. Interacting with MoCA/AAI for bill processing relating to CISF Interaction with CISF for the day-to-day operation related expenses and claims. Interaction with Bank for day-to-day banking operation LC/BG/Credit card limit etc. Interacting to various Cross functional department such as MAG, Project, treasury, BSS, SPG, Operation, commercial (Aero/non aero), marketing fund, Accounting, AOP, CFT team on BE Leadership category, Scrap disposal Committee, migration of finance activities to SSC Project and CFT Cost Containment initiatives. Financial Dimensions Opex & Capex Rs 4000 Cr Approx. Handling Fund Accounting Rs 4000 Crores approx. Total No of Invoice processed through OT – 15000-18000 per annum Billing and reimbursement Claim to NASFT – 150 Cr p.a. Total no e- NFA reviewed – 1200 approx. Other Dimensions Total team Size handled 4 members & Outsource - 3 Vendors around -1000 -1500 approx. User Cost Centers 21 and Sub cost centers 84 Educational Qualifications CA with 15+ Years experience Knowledge of Accounting Standards, Tax laws, Management Accounting and Computer skills Relevant And Total Years Of Experience Minimum 15+ years of post-qualification experience Skills & attributes High Integrity Lead by example Ability to Manage multiple priority Excellent problem solving skills Pro active Team Player Show more Show less
