Abbott - Finance Manager

Description:

- Handle end-to-end fixed asset lifecycle, including acquisitions, capitalization, depreciation, impairment and disposals.

- Conduct Physical verification of Fixed Assets.

- Maintaining Fixed asset registers and reconciling with SAP system

- Capital Expenditure Analysis in coordination with business teams.

- Exercise Control on movement of assets and Accounting.

- Preparation of FAR for Statutory Reporting and establishing reconciliation between India & US books.

- Implementing Management Action Plans to remediate the audit observations, if any.

Inventory Accounting & Control:

- Inventory Movement

- Ensure Physical Verification of Inventory

- Purchase Register Invoice Reconciliation with FI

- Inventory Reconciliation, Qty Movement & FIFO Valuation for local reporting

- Preparation of Purchase Register at Landed Cost

- Custom Duty, CHA & Freight Reconciliation

- Custom Duty Deferment & Schedule preparation

- Coordination with Customer Service & Distribution Center (Belgium, US & Malaysia)

Intercompany Accounting & Review:

- ICB processing in CORA, accounting of Intercompany Transactions ensuring compliance with local tax laws, company policies

- Raising quarterly ICB of CRM R&D & GDSA divisions, monthly ICB of HK warranty

- Co-ordinate with Affiliates for ICB acceptance, getting compliance documents

- Payout of ICBs Payable (including import transactions), also following up with affiliate for collection of ICBs receivable.

- Ensuring Intercompany balance matches with affiliate balances at each month-end on WD2, addressing differences if any in a timely manner.

- Preparing Intercompany Schedules, review & clean-up of old balances in co-ordination with respective affiliates.

- Identifying scope for Cost recovery of expenses incurred to support corporate teams, execution of ICB agreements, set-up accounting process

- Ensuring annual write-off of Cross charges in SAP for each financial year by April month.

Month End Activities & Audit:

- Support preparation of Notes to Accounts for FA, Inventory & Related Party Reporting.

- Monthly reconciliation of Intercompany Mark-up & correction of differences

- Foreign Currency Revaluation for 0L & N2 (post completion of IC accounting & matching of Intercompany balances)

- Support TB review at Month end & BS Split Project

- Expense Analysis Preparation of schedules

- Support BS Review & Reconciliation

- Support completion of all audits & assessments