Department - Corporate Accounts

Reporting to Senior Manager - Corporate Accounts

Jobs Reporting Into

- Assistant Manager - Corporate Accounts

- Executives - Corporate Acconts

Location/Unit - Head Office - Vakola

Role Description:

Job Purpose:

- Is responsible for the overall Payroll, Retirals Trusts and investment management of Trust- s funds.

- To set processes and controls to improve efficiency of team and reduction of Non Value added activities.

- Compliance to all statutory requirements including but not limited to Labour Codes, PF Act, Income Tax Act etc.

- Active Interaction with payroll vendor for smooth running of payroll related activities

Primary Responsibilities:

Business Responsibility Areas:

(Please detail out at least 8-10 responsibility areas)

Key Performance Indicators:

- Lead a team of Executives and Assistant Managers to meet all goals/promises for the Department/Function.

- Ensure smooth flow of processes like Payroll/Salary processing, Retirals/PF Trusts related daily activities, Audit, compliance, inspections etc. to ensure compliance and employee satisfaction.

- Ensure superior returns in Investment Management of Trusts funds while keeping safety in mind.

- Responsible for overall Financials of four Trusts along with audit and Liaison with Govt. authorities and other external agencies.

- Overall management of ESOP plan at APL- grants, exercise, purchase of shares through secondary market via trust, valuation , accounting, ensuring compliances to SEBI SBEB regulations along with Secretarial team, implementation of tool/ portal to manage ESOP.

- Ensure accurate accounting and disclosures in accordance with IND AS for payroll, retirals and ESOP.

- To bring about process improvements/value additions/better analysis in all areas of operation and in reporting requirements.

- Implement and leverage the IT systems for elevated levels of efficiency /Customer satisfaction/MIS/Analytics/Reporting etc.

- To ensure compliance to all applicable laws/rules.

- To work and contribute in the other areas / functions within Corporate accounts that may be assigned.

- Smooth transition of new payroll vendor

- Timely processing of monthly payroll

- Ensuring employee satisfaction

- ZERO statutory non- compliance

- Timely and accurate accounting and disclosures

- Ensuring higher returns on investments by PF trust than EPFO declared rates

Scope of Work:

a) Financial Scope (Range of financial spend) - NIL

b) People Management Scope (Range of no. of Direct/ Indirect Reports): Two Assistant Managers and a team of 6 Executives who will be indirectly reporting to this profile

c) Geography Coverage (Country-wide/ State-wide / Area-wide)- NIL

d) Corporate Coverage (Company-wide / Business Unit or Function-wide / Sub-function-wide / Other): Company Wide

Key Interactions:

Internal:

With Various functions like HR, Plants, Branches, Finance, Legal, Taxation, SSC etc.

With Statutory Auditors

With Other sections of Corporate Accounts team

With Internal Auditors

With IT/Systems

External:

- Payroll vendor

- Statutory Auditors

- Govt. Authorities.

- Other external agencies like Banks, Brokers etc.

- With Other Companies for Benchmarking

Role Requirements / Specifications:

Qualifications:

Essential:

Chartered Accountant with experience of 6 months to 1 year.

Previous Experience Essential:

Chartered Accountant with experience of 6 months to 1 year.

Desired:

Knowledge of SAP and experience in the above mentioned areas

Functional Competencies:

Knowledge in handling financial statements, Knowledge of Investments, Income Tax/PF etc.

Behavioral Competencies:

Should be a Team player being able to lead a team.

Should have Conceptual Clarity, good communication skills, inter-personal skills, positive attitude, MS Office skills, - CAN DO- Attitude, High levels of Dedication, Hard Work and Integrity. Should be a problem solver

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