Assistant Manager - Finance & Accounts

Accountabilities

Contribute to the formulation of the annual business plan and budget for RE assets, ensuring alignment with RE business objectives.

• Support Senior Manager Finance & Accounts in formulation of annual budget for RE Assets in consultation with the RE Asset Head and Asset Managers; Track performance (actual against planned) and provide updates to the management.
• Monitor budget compliance across all assets through proper cost control and budget compliance policies and procedures.
• Provide periodic status updates to management on compliance to budget and other financial parameters across all assets.

Manage all accounting processes and activities for RE assets with the objective of ensuring completeness of accounts and ensuring a true representation of financial results to the management.

• Prepare monthly, quarterly and annual financial statements for RE assets such as P&L statement, balance sheets, drawing power and cash flows, ensuring compliance to defined policies and timelines.
• Perform month-on-month, YTD comparisons and a detailed deviation analysis and provide periodic MIS to management on the findings.
• Ensure accurate update of derivative accounting entries recording the forwards and options taken and principal/interest payment on foreign borrowings.

Monitor compliance of all business processes and activities with applicable financial controls and facilitate related audits

• Ensure all processes and activities are compliant to the applicable financial controls, rules, regulations and SOX cycles; Identify cases of non-compliance and report to management.
• Monitor completion of compliance recording in the CMS by all departments; coordinate with 3rd party consultants for issue resolution.
• Facilitate internal and external audits for RE assets to ensure compliance with established financial controls, rules and guidelines.
• Coordinate with internal/external auditors to drive timely completion of all financial audits as per defined schedule; Drive implementation of audit findings thereby reducing instances of non-conformance Maintain all files and documentation thoroughly and accurately, in accordance with company policy and guidelines; Ensure timely generation of reports as requested by management.

Skills and knowledge:

• Minimum education qualifications for the position: CA

Functional Skills

• Knowledge of IND AS
• Preparation of Annual Financials as per IND AS
• Knowledge of tax calculation, tax audit and tax return
• Thorough understanding of the Indian Power Industry
• Sound understanding of Indian and HK accounting standards.
• Knowledge of preparation of Financial Statements as per Companies Act 2013, Statutory & SOX audit.
• Knowledge of Derivatives Accounting, capitalization and general insurance.
• Communication and Influencing Skills.
• Negotiation Skills.

Relevant and total years of Experience

• Overall experience: 6-8 years in power industry accounting.