DH Finance & Accounts

Job Description

Job Purpose To ensure maintenance of proper accounts. To plan, organize, administer, control and supervise the functioning of Finance and Accounting activities to ensure achievement of targets of the unit. To ensure Audits at proper time and adhere to statutory compliances related to unit functions. Monitoring of efficient finance. Monitoring of Insurance coverage, Taxation, MIS reports of the unit like monthly financials, CMIS, Planning & Budgeting etc Job Context & Major Challenges Job Context In above business context this job plays significant role by providing proactive leadership and monitoring to ensure accurate accounting and reporting. It requires professional knowledge and insight to ensure compliances with all applicable laws like Companies Act , SEBI , Income Tax Act , FEMA etc. Other Major Challenges To integrate financial accounting system with other systems of the unit and outside. Project and arrange the requirement of working capital. Understand and control the total capital employed in the unit. Study the indirect cost & budgeting process for improvements. Understand IT system used, to analyse & to modify as per the requirement. Keep team members updated for policy and regulatory changes. Different units adopting different styles for accounting and working. To match the speed of changing scenario in Accounting Standards, Guidance notes, Taxes, Insurance etc. and ensures for statutory compliances. System study, analysis and modifications for internal control purposes. As the consequences of over sightedness are severe. Risk assessment and coverage of unit and its people for appropriate cover of risks (No under or over insurance) Timely submission of various MIS reports, P&B, Cost Audit, Corporate Governance, Power plant projected profitability for advance tax, Annual return, Production report etc. Key Result Areas KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters) KRA1 1) Accounting Management 1. Ensure smooth functioning of Accounts Department and monitor the system as per Accounting standards. Develop systems of accounting and reporting. Review and monitor these systems along with standards periodically. Analyze and take corrective actions in case of discrepancy. KRA2 2) Balance Sheet Preparation 1. Finalization of Balance Sheet in stipulated time. (Q-I, Q-II, Q-III & Final) Discuss and coordinate with Statutory Auditors / Cost Auditors and clarify their queries, if any. Analysis and compare the figures & Data. To ensure that the Balance Sheet is prepared as per requirement of companies act and various accounting standards KRA3 3) Funds Management 1. To ensure effective management of funds in coordination with banks, SFD including optimum working capital management. To forecast funds flow. Review the funds flow regularly. To ensure effective management of funds in coordination with banks, SFD including optimum working capital management. To forecast funds flow. Review the funds flow regularly. Co-ordinate with Head Office at Nagda for funds deployment / requirement. KRA4 4) Insurance 1. Timely settlement of insurance claims. Â Review the assets at the time of renewal and call quotations from various insurance companies for arriving at best deal. Timely follow-up for claim settlement KRA5 5) Statutory Compliance 1. To ensure proper and timely compliance of Tax Laws. Review the calendar for filing of returns/payment of tax. Follow up for speedy assessment. Update with latest changes in the law / new developments / court decisions. Advising sub-ordinates on new developments. KRA6 6) Bill Clearance & Sales Accounting 1. To ensure speedy Bill Passing & Sales Accounting with authenticity. To get the bills finally checked in line with purchase orders and agreed contracted terms. To monitor the process purchase & sales accounting with an eye of Auditor. Timely payments monitoring through ageing analysis. To maintain time schedule for Ugahi preparation and other important KRA7 7)Deployment of Systems 1. Ensure implementation of all the policies and systems in the dept and provide commercial support to other departments. Suggest and help the departments in all commercial matters. Reviewing periodically. Taking decision within laid down guidelines of policies. KRA8 8) People Development 1. Develop multi skilled & performance oriented work force for efficiency and flexibility. Identify skill gaps/development needs of individuals. Structure suitable training by job rotation & programs based on identified skills for development. Recommend suitable training programs & knowledge integration visits to other units. Prepare Job description of each and every individual to bring in clarity and focus in responsibilities. Show more Show less