TM - CFD Accounts

Job Description

To plan, organize, co-ordinate, validate, ensure, check, follow-up and maintain books of account and activities related to Investments, Corporate Expenses and Payroll in accordance with the organizational policies, manuals, SOPs, budgets and legal requirement for effective functioning of CFD and to provide information to the management for decision making. Job Context Major Challenges Context Grasim CFD is a unit of Grasim Industries Limited, provides a strategic and specialised services to various businesses which operates in 5 businesses involving more than 50 accounting entities including 16 subsidiaries, 7 joint ventures spreading across three sub-continents working in diverse regulatory environment. Function is responsible for accounting of Investments and to closely function with treasury and ensure the reconciliation between treasury and accounts. Function is responsible for accounting related to corporate and group common expenses. Function is responsible for payroll processing of CFD unit and strict compliance in respect of PF, EPF etc. Major Challenges In view of the fast changing requirements of accounting standards, indirect direct taxes, keep self the department updated and ensure proper statutory reporting compliances. Providing accurate accounts MIS is critical. To provide timely information for MIS. Understanding Credence software in consultation with treasury. Develop review systems controls to prevent any revenue leakage and ensure accuracy of financial statements. Key Result Areas KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters) KRA1 Payroll Process To ensure Payroll (Salary, Pension, Stipend) is processed in an accurate, compliant and timely manner which also includes calculation of deductions from salary. To Ensure Debit and Credit Notes are shared with units on a timely basis. To review and improve Payroll policies and procedures. KRA2 Statutory Compliances Calculation and payment of Statutory dues such as TDS on Salary, Gratuity, PF, PT and so on. Computation of perquisites related to Salary. Filling of Statutory returns related to Payroll. Computation of Advance Tax. KRA3 MIS Report Preparation of Monthly Financials (Balance Sheet, Statement of Profit and Loss, Cash Flow statement and other related schedules) Preparation of Monthly MIS reports KRA4 Other Tasks Preparation of data as required for Statutory and Internal Audit. Preparation of any other reports Automation of process related to Payroll and MIS preparation Qualifications: Bachelor Of Commerce,Master Of Commerce Minimum Experience Level: 10-15 Years Report to: Assistant General Manager