CPS Head- financial Accounting- Kolkata

Responsible overall for the accounting steering of CPS. Duties include the following areas:

FINANCIAL ACCOUNTING:

- Manage the CPS team and processes/activities, including Master Data Management

- Manage the full accounting environment.

- Manage the year-end audit

- Ensure compliance to group and local rules

- Implement best practice in all areas.

LEGAL:

- Compliance with Direct and Indirect Tax requirement, to the extent relevant for accounting/reporting

- Compliance with Company Law requirement, to the extent relevant for accounting/reporting

- Compliance with Other statues, to the extent relevant for accounting/reporting

BANKING & Treasury:

- Timely and effective payment system and monitoring

- Prepare Cash flow statements, liquidity planning and ensure corrective actions taken

- Compliance with the terms of the Bank

Risk Assessment:

- Identification of risk and measure to mitigate the same within the CPS processes/activities.

ACTUAL SAP BCS (Financial) REPORTING:

- Prepare uploads to SAP on periodic basis in timely and accurate manner

- Prepare Actual Report for entities

- Prepare Overview with analysis and explanations

- Analyze deviations to budget and prior year

- Analyze Income Statement and B/S by account

- Highlight improvements to Controlling team

BUDGETING/FORECASTING:

- Provide information for Budget basis

- Analyze Budget Drafts and participate in Budget

- Provide support for upload of Budgets to SAP discussions

PROCESS ANALYSIS & IMPROVEMENT:

- Analyze Purchase to pay process to improve and increase control

- Analyze Order to cash process

- Analyze Production/Inventory Accounting process

- Analyze Asset management

- Analyze Payroll process

- Analyze Cash and Bank process

INTERNAL CONTROL:

- Map internal processes with key controls

- Implement Internal Control System

- Review key principles (segregation of duty, four eye)

- Review following of group rules

- Review internal control self-assessment

INFORMATION REQUESTS:

- Provide information on a request basis

FINANCING:

- Calculate liquidity plan

- Calculate future cash needs

- Ensure sufficient funding is obtained from the group/external banks

- TAX Review and coordinate solving of local taxation issues and ensure compliance to regulations

YEAR-END AUDIT:

- Ensure audit without remarks and low adjustments

- Provide auditor with documents to conduct their audit

- Review year-end audit for entities within the portfolio

AD-HOC AUDITS:

- Support any ad hoc audits from internal or external parties

- Conduct internal audit checks

GROUP REPORTING IMPROVEMENT:

- Participate in improvement projects

- Propose system and process changes

- Drive initiatives to improve data integrity, visibility, and usefulness

Requirements:

- Educational Background (minimum requirement):

- Chartered Accountant (or) Professional Accounting Qualification

- Business Degree with major in Finance (additional)

- Areas of experience

- Accounting and Financial Consolidation

- Auditing

- Reporting

Further:

- Manufacturing Industries

- MNC / Multi-entity Exposure

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