Finance Executive

Role & responsibilities

Key Deliverables

• Financial Accounting-

  Assist in review and preparation of Monthly Accounts, Inter Company Debit Note Accounting, Review of Accounts & GL analysis, Preparation of Quarterly Schedules etc.

• Tax related Analysis

  Review of C Form compliance and CENVAT compliance report sent by factory team in desired format; Ensure TDS & Reverse Service Tax compliances, Resolve tax related issues if any;

• Audit Control-

  Coordinate with audit team for implementation of audit recommendations; Resolve issues if any during implementation

• Capex-

  Managing Capex Finance operations including Negotiation with suppliers, Ordering, Payments, Statutory Compliances, Retention & Advances, Bank Guarantees, LC, Transfer Pricing Regulation etc. Managing Budget tracking. Evaluating financial viability of all Capex proposals.

• Revenue:

  Ensure timely payment of all category related payments-contractors, admin, imprest cash, spares. Ensure compliance of company policies with regard to ordering and competitive quotations.

• Financial & Cost Analysis-

  Prepare monthly financial reports (e.g. material reports, scrap sales reports, finished goods aging report, sales report SKU wise and COGS); Prepare monthly profit and loss report for category; Assist in MIS on a month on month basis

• Assistance in Business Planning-

  Calculate COGS for the coming year based on inputs from procurement & manufacturing team and past performance data; analyzing impact of material & freight inflation, analyzing fixed cost.

• Inventory Management-

  Conduct surprise stock verification audit at CMU/owned unit; Review reconciliation of physical stock with stock records and SAP; review of stock accounting & moving (weighted) average price.

• Policies and Systems-

  Review and ensure adherence to company policies and systems

• Implementation of new & improved processes: A

  ssist in implementation of new processes in order to comply the new/upcoming statutory requirements e.g., under Companies Act, 2013, Ind AS, GST etc. or to improve the present systems & processes e.g., improvement in variance accounting process etc.

Knowledge

- Cost Accounting & Financial Analysis

- Financial Accounting

- Excise, Service Tax, VAT, Custom Duty, TDS provisions, GST

- Internal Control & Check, Internal Audit, Statutory Audit

- MS Office and ERP systems

Competencies

- Adherence to systems and processes

- Analytical skills

- Managing multiple assignments/prioritisation

- Inter-personnel & presentation skills

Experience and Educational qualification

- Keep himself professionally updated with new developments in the field of Finance, Law & Taxation

Personal Attributes

-Timeliness and Accuracy

- Discipline orientation

- High degree of ethics

Preferred candidate profile

B.Com/ M.Com/ MBA with factory experience (or) CMA Qualified (Rankholders) or CMA Inter with factory experience