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3 - 4 years

10 - 13 Lacs

Posted:1 day ago| Platform: Naukri logo

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Full Time

Job Description

Job Purpose
Plan, direct, implement and monitor all the Financial and Accounts systems and process to ensure proper Accounting, Financial Reporting as per Ind AS, Fund Management, Risk Management, Corporate Governance, Statutory Compliances, Management Information System and various cost optimization initiatives at the unit to achieve its goals in current operation
Job Context & Major Challenges
Job Context: Job Context:
At Alupuram, Extrusion plant is having two extrusion presses installed in 1955 and 1965 respectively Certain up gradation were made to the machinery over the year, which was 8000 TPA in 2002 and increased to 12000 TPA and also having the Billet Casting facilities of 10000 TPA, 3 MWH Solar Power plant and another 2 MWH will be addition in next financial year and project for 7200 TPA Power Coating plant current is in progress expected to commission in Q-4 in current financial year Plant offers wide range of alloys and shapes in India. Business concentrate on value added application such as Defence, Automobiles, Transport, Budlings & Construction and others electrical application and presently concertation on hard alloys. Alupuram unit is presently working on increasing production level to 1500 per month from the current level. At Alupuram maintain cost of production at optimal level one of the major challenge to maximise the EBITDA and ROC . Another major challenge will in coming year is implementation of Project Ekkayan , since presently Alupuram is not the Oracle 11i platform . Job Challenges: Plan and organize systems for regular and timely accounting of all Business transactions as per Indian Accounting Standard, policies, and practices and in line with corporate finance and fulfillment of corporate requirements to generate MIS reports of unit for analysis, control, and improvement of various Business parameters. To ensure the timely payment to all suppliers and optimize working capital utilization. Preparation of Financial Reporting as per Ind AS and timely completing the audit and board meeting. Ensure adequate internal control is in place (IFC) and SOP implementation to improve audit compliances and complete statutory compliances. Treasury management ensuring the liquidity and Investment of surplus fund. Plan and implement various IT application in to increase the productive and ensure uninterrupted business transactions. Liaison with bankers/financers/Corporate Treasury for sanction, disbursement and repayment terms and others various compliance. Build a congenial work culture by effective management of people to improve productivity of the team, growth and motivation levels of employees to institutionalize best organizational practices in the unit.
Key Result Areas KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters) KRA1 Financial Reporting and Audit Functions Ensuring the timely completion of Financial Reporting as per prevailing standard
Liaison with auditors for smooth and timely completion of audit Ensure internal control are in place. Co-ordaining with corporate consolidation team. Preparation of Board Meeting requirement and co-ordaining with Company Secretary KRA2 Treasury and Cash Management Ensuring all statutory payment are made in time. Ensuring payment to all vendors in due date to maintain a good business relation. Ensuring timely payment to all vendors. Submission of monthly Cash Forecast to CFD and its proper monitoring Ensuring timely submission of daily, weekly, and monthly Cash Flow to CFD KRA3 General Accounting, monthly closing, and MIS Ensure the timely close of monthly account and all financial MIS submitted to CFD by due date. Ensuring proper accounting of all the financial transaction. Scrutiny of all General Ledger and Trial Balance. Review of monthly provision and ensure all expenses are properly booked. Review and reporting of monthly business result. Analysis of variance and deviation report to management. KRA4 Fixed Asset and Capitalization Review and Reconciliation of CWIP. Ensure the proper capitalization of all ongoing capex. Properly calculation of depreciation as per company act and its accounting. Properly maintain of Fixed Asset Register. Ensure the 100 % physical verification all Fixed Asset in a regular interval. KRA5 Working Capital Management Timely disbursement of Salary, wage and properly accounting of its. Actuarial valuation of employee benefits in time and recording of accounting transaction. PF account reconciliation KRA6 Others Compliance of IDPMS and EDPMS as per RBI guidelines Inter Unit Account & reconciliation Recording of Related Party Transaction

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