Head - Retail Finance - BFS

Head-Retail Finance

Major Activities Key Performance Indicators

To ensure GL Accounting & Consolidation, Budgeting, Costing, MIS & Taxation

- Oversee General Ledger related transaction processing (excluding routine expense voucher processing)

- Finalize and consolidate Balance Sheet, Cash flow & Profit & Loss Statements

- Vendors selection for outsourcing of routine transaction processing and overseeing vendors management.

- Budgeting & Costing, MIS & Financial Ratio Analysis

- Assist in finalizing the financial guidance for the year/quarter and monitoring of the actual v/s forecast no's.

- Taxation - TDS/Service Tax/VAT/Tax Audit

- Achievement of TAT

- Accuracy of accounts, MIS

To ensure Regulatory Compliances - applicable provisions of the Companies Act, RBI, SEBI guidelines, accounting standards.

- Adherence to Accounting Standards

- Ensure timeliness and correctness in RBI Return, TDS, service, and Vat returns Filing, attending RBI queries etc.

- Get the books of accounts audited ( stand alone and group consolidated accounts)within the agreed timelines.

- Ensuring timeliness in reporting/uploading of financial no.s to L&T.

- Satisfactory audit rating from RBI, internal & statutory auditors

To formulate and drive measures for Value Creation and Business Process Improvements

- Introduce tools to monitor operating income and expenses and variance analysis.

- Suggest measures to cut down the operating expenses

- Implementation of SAP ERP covering IFRS compliances

- Drive process improvements by introducing automation wherever possible.

- Percentage reduction in operating expenses

- Percentage improvement in productivity by introducing the release of key financial no.'s within 2 days from the EOM.

To oversee maintenance and safe keeping of financial records

- Maintain books of accounts with completeness and correctness.

- Prepare, direct and review Business Continuity Plan for complete back up of the financial data and relevant documents.

- Effectiveness of BCP

Team development: Expertise & skills

- Acquire new talent as per requirement.

- Engage and retain talent

- Establish process orientation through SOPs which also provide adequate business understanding

- Team productivity

- Delivery of quality service and adherence to Project timelines.