Finance Controller - Automobiles - CA

Financial MIS

- All Corporate Submissions / MIS - Monthly P&L & Balance Sheet / Quarterly Beginning Estimates in Hyperion / Quarterly Tax Estimates where accuracy & timeliness is the crux

- Variance Analysis of P&L & Balance Sheet and providing Explanations about such Variances to Corporate & Auditors. The Variances are at multiple levels (Variable & Fixed Costs Level/ Working Capital Levels / Fixed Capital Levels & at the same time for multiple periods every Month / Quarter & Year End e.g. - Trailing Quarter / YTD Quarter / Budget / QBE / ATE / For the Quarter & Cumulative

- Flashing the Variances in Hyperion with Various Forms to make sure those are available to Corporate for Seamless View and Analysis

- Providing information for the AGM

- CL Statements preparations / Review / Submissions.

Statutory Audit

- Audit Submissions / Discussions with Auditors at various Stages / Handling queries till the Board Meeting / Providing satisfactory explanations about business and the Items of P&L & balance Sheet.

- Taking Care of Disclosure Requirements and providing the same in Hyperion & to Auditors

- Annual Reports printing

- Inter Company Eliminations (ICP) to ensure in Hyperion related Trouble Shooting to facilitate Group Consolidation of Accounts

- Co-ordinating with Auditors for various Certificates that are required by Govt Authorities / Regulatory Authorities etc. including Certificates in the event of Mergers etc.

Regulatory & Compliance

- Keeping updated on the Changes in the IND AS which is an Indian Version of ICFR and implementing the same across Auto Sector Recent Examples - Ind AS 115 / Ind AS 116

- Micro Medium & Small (MSME) Compliance

- Quarterly SEBI Reporting

- CFO Report - Preparation / Reviews and getting Signed from CFO & CEO

- CFO Certificate - Preparation / Reviews and getting Signed from CFO & CEO

- Related Party transactions - Pre- Approvals from Board and Reporting Actuals / Ensuring Compliance

- Adherence to Accounting Standards

- Advice to Units & Divisions on Accounting / Costing / Legal / VAT / GST Matters whenever required.

Controller's Function

- Monitoring Controls through COSO Framework. (The COSO Framework is a system used to establish internal controls to be integrated into business processes.) COSO is an acronym for the Committee of Sponsoring Organizations. The committee created the framework in 1992, led by Executive Vice President and General Counsel, James Treadway, Jr. along with several private sector organizations, including the following: - American Accounting Association, Financial Executives International, The Institute of Internal Auditors, American Institute of Certified Public Accountants, The Institute of Management Accountants (formerly the National Association of Cost Accountants)

- Continuous Control Monitoring through the Tool implemented couple of years ago. IFC Testing / Reviews & Co-ordination with Units and Divisions till the Board Reporting. Internal Audit Reports (CMS Reports) Regulations, Follow Up for Actions and presenting Status to CFO

- UAR & AVM Monitoring & Reviews , Escalations & Follow Ups

- SOD Conflicts Regulation , Reporting and Monitoring

- Ethics Counsellor's Co-Ordinator

Balance Sheet Budgeting, Cash Flow Planning & Actuals

- Balance Sheet Budgeting

- Depreciation Forecasts

- Amortisation Forecasts

- Actual Depreciation / Amortisation Comparisons and Reviews

- Seamless Loading of Budgets in Hyperion by using various Forms

- Cash Planning & Working Capital Management & Improvement - Through Monitoring -Monthly Cash flows / Reporting & Roll Over Cashflow

- Cash Forecasts on Monthly & Weekly basis with Iterations

- Daily Cash Planning and Funds allocation at Sector Level / Corporate Slice payment decisions

GST Accounting & Payments

- Control / Optimum Utilisation of ITC & Authorisations

- GST Accounting at Company Level / Divisional Level

- GST Settlements across Divisions

- Co-ordination with Units for resolving GST mismatches

- Support for VAT - Appeals -For all the States across India and especially Maharashtra