Role Identifier  Job Title : Manager   Department : Accounts  Reporting to : Senior Manager - Corporate Accounts  Grade : M6-B  Jobs Reporting Into :   Officer - Corporate Accounts (4 numbers)  Executive - Corporate Accounts (1 + 6 officers who report into the Executive)  Location/Unit : Mumbai, Corporate Officer  Education : CA first attempts only  Role Description:  Job Purpose:  - Managing Payroll, retirement benefit trusts and Fixed Asset Accounting.  - Ensuring adherence to IND AS and other statutory compliances  - Monitoring of accounting hygiene for 8 manufacturing locations  Primary Responsibilities :  Business Responsibility Areas:   Key Performance Indicators:  1. Managing Retirement Benefit Funds: There are four Trusts that are operated in-house to handle the retirement benefits of employees. Two are for Provident Funds and one each for Super Annuation and Gratuity benefits.  The Manager is expected to:  - In case of PF trusts, invest the funds in a manner to generate returns that are adequate to give returns higher than the Government declared rate continuously. The investments are made in Bonds and Equity mutual funds.  - In case of other two trusts, invest the funds in a manner to generate maximum returns so that cash contribution from the Company is minimized  - Ensure statutory compliances w.r.t. entire operation of trusts. This includes the requirements under EPF Act, Payment of Gratuity Act etc..  - Manage the audits of PF authorities, Statutory audit and Internal Audit.  - Liaise with actuaries to ensure to get the ALM (asset liability management) study and managing investments in line with the ALM reports.  - Timely conduct of actuarial valuations and recording the necessary provisions in the books of the company.   Key Performance Indicators :  - Returns of the trusts have to be maximized  - Liquidity to be maintained to match the pay-out requirements  - 100% statutory compliance  2. Payroll management: The payroll process is partially decentralized w.r.t. inputs for the processing. The processing is done by an outsourced agency. The role of payroll team at Corporate Accounts is to ensure that the process end-to-end is managed timely and accurate salary disbursements are done.  The Manager is expected to:  - Build necessary controls in the process of input data flow, processing at the outsourced agency and salary payments are accurate  - Improve efficiency of the payroll processes through innovative processing methods, removing the NVAs and making them lean.  - Analysis of employee cost movements against previous year actuals and budgets and generation of timely MIS for senior management periodically.  - Review of Employee benefit Policy changes and ensure that they care accurately implemented.  - Manage the relationships and communication channels with the Corporate HR, Location HR team, Outsourced processing agency, Statutory authorities etc.   - 100% statutory compliance  - Timely accurate accounting  - Timely and accurate processing of salary  - Marked improvements in the internal controls and efficiency of the processes  - Valued adding MIS generations.  - Innovation to improve processes.  Fixed Assets Accounting :  The Manager is expected to :  - Ensure timely capitalization of capital expenditure across the company through effective liaison of all manufacturing and sales locations.   - Ensure compliance to IND AS w.r.t. fixed asset accounting and year end disclosures.  - Ensure accurate forecasting of depreciation for Advance Income Tax workings.  - Ensure timely physical verification of fixed assets  - Accurate decisions on revenue vs capex  - Timely and accurate capitalization and compliance to IND AS / Companies Act / Income Tax Act  - Marked improvements in the internal controls and efficiency of the processes  - Valued adding MIS generations.  - Innovation to improve processes.  Monitoring accounting hygiene and support for process improvements in all manufacturing locations and R&T Centre :  - Work with Accounts Managers in all manufacturing locations to ensure accounting hygiene for the locations.  - Ensure monthly review and generate MIS of accounting hygiene and overhead cost of these locations  - Support the locations in taking up process improvements by working with Senior Manager - Corporate Accounts  - Accounting hygiene to be maintained at all times.  Scope of Work  a) Financial Scope (Range of financial spend):   - Rs.450 Crore of employee cost  - Rs. 500 Crore of Corpus funds whose returns to be maintained  - Capex spend of ~ Rs 500 crores every year  b) People Management Scope (Range of no. of Direct/ Indirect Reports):   - 5 people directly reporting into this role  - 6 people indirectly reporting into this role  c) Geography Coverage (Country-wide/ State-wide / Area-wide)   - Entire country  d) Corporate Coverage (Company-wide / Business Unit or Function-wide / Sub-function-wide / Other):   - Company - wide  Key Interactions:  Internal - All locations (sales and manufacturing), HR, Internal Audit, Senior management, Corporate Finance, IT   External - Statutory auditors, PF Authorities, Banks, etc  Role Requirements / Specifications:  Qualifications Essential:  - Chartered Accountant - 1st Attempts Only  Desired:  - Pursuing / completed CFA;  - Certification in IND AS / IFRS  Previous Experience Essential:  - Two years of experience in handling accounts.  Desired:  - Working experience on SAP  Behavioral Competencies  - Team management  - Managing effective relationships while still driving internal control agendas  - Liaison with statutory bodies

Mumbai

Asian Paints - Manager - Corporate Accounts 

Asian Paints - Manager - Corporate Accounts  ,Job Description for Asian Paints - Manager - Corporate Accounts  in Asian Paints in  Mumbai for (1-3) years of experience. Apply Now!

Job Description for Asian Paints - Manager - Corporate Accounts  in Asian Paints in  Mumbai for (1-3) years of experience. Apply Now!