JOB PURPOSE:

The role is responsible to perform accounting processes based on accounting standards which includes different account entries such as payments preparation, posting, records maintenance, and reconciliation of accounts, inventory control, and statistical records, Finalization of Balance Sheet, cost control, taxation matters etc. Ensure account team work on laid down process by maintaining high level of efficiencies and efficacy.

Key Responsibilities:

Financial Planning & Budgeting:

- Implement financial policies for the company so as to ensure effective and timely financial management of the companys affair and compliance with relevant regulations.

- Initiate and Drive Annual Operating Plan and Execute Month on Month to achieve organizational goal.

- Identify different cost optimization Process and work with cross functional team to increase gross margin of the company.

- Monitor business growth and revenue as per the AOP and Inform Management time to time about Financials of the Organization, in case any interventions are required to reduce deviation between AOP, Revenues and achievements.

- Plan and ensure efficient management of funds, treasury management, commercial activities, etc.

- Implement timely and accurate insurance and re-insurance activities of company assets so as to minimize exposure and look at leverage points for the organization.

- Prepare annual budget and cash flow forecast and variances against budgets so as to assist in decision-making.

- Identify different cost optimization processes and work with cross functional team to increase gross margin of products to achieve better profitability.

- Regular monitoring of Working Capital, fixed and variable cost of business and take corrective actions in case of any deviations.

General Accounting:

- Manage and oversee the daily operations of the accounts department.

- Ensure timely preparation and finalization of monthly, quarterly, half yearly and yearly MIS, P&L and balance Sheet.

- Maintain, reconcile and analyze debtors and creditors accounts.

- Ensure monthly Inter unit reconciliations between Best Group company.

- Provide accurate and timely data for internal/ external audits.

- Improve Accounting systems and procedures and initiate corrective actions.

- Ensure timely payment to vendors and other parties.

- Ensure timely processing of payroll and manage reimbursements and disbursements of salaries.

- Import/export documentation & accounting.

Taxation:

- Ensure timely preparation of documents for Tax Audit with proper planning and in consultation with CFO and liaise with tax auditors for timely finalization of the same and filing of the same with tax authorities.

- Implement Policies & Procedures to analyze & assess the risks and establish the controls.

- Research tax laws and regulations and provides technically and commercially sound advice for both planning and compliance purposes in relation to GST, Income Tax Service Tax, TDS, Excise and other direct and indirect taxes as relevant.

- Verification and timely Payment of Customs Duty other levies etc and give necessary tax, accounting and maintain all documents and comply with procedural requirements.

- Analysis of various legal provisions and providing required inputs, to represent before various tax authorities to comply with procedural part pertaining to various notices assessments, investigations, appeals.

Banking:

- Treasury management liaison with bank, preparation of loan proposal, renewal data of limits, banking compliances, FOREX management.

- Regular Reconciliation of bank and investment accounts.

- Build and Maintain harmonious and strong relations with banking and investment institutions.

- Taking care of daily banking requirements of Organisation.

- Sharing financial details with banks for existing or new loans.

People Management:

- Ensure availability of team as per the manpower plan and budget.

- Create successor of each key positions of the Department.

- Impart Group, Vision, Mission and value system across the team.

- Motivate, monitor and manage team in a high Growth environment with harmonious working environment.

- Ensure everybody has defined KRAs and KPIs to provide better role clarity and performance measures.

- Close monitoring of team performance and pro-actively design to enhance their productivity through Training & development.

- To develop skills of team members including multiskilling to mitigate shortage of skilled manpower.

JOB SPECIFICATIONS:

- Professional Qualifications: CA/ICWA/ MBA Finance.

- Preferred Industry: Automotive Industry (Sheet Metal/ Automotive Industry).

COMPETENCIES FRAMEWORK:

Technical Competencies:

- Financial Planning, Cost optimization, process compliance.

- MIS & Budgeting.

- Accounting & Taxation.

- Banking & Insurance.

- MIS, S4HANA.

Behavioral Competencies:

- Business Acumen.

- Leadership (Lead By Example).

- Team Management.

- Good Interpersonal & Communication Skills.

- Analytical Skills.