Job Description

A. Group Financial Reporting & Consolidation

- Drive the preparation of group and subsidiary financial statements Balance Sheet, Profit & Loss, Cash Flow, Statement of Changes in Equity including all required notes and disclosures as per AS.

- Ensure that all subsidiaries financials in the holding companys format to enable consolidation.

- Perform inter-company reconciliation of closing balances and intra-group transactions; prepare adjustment entries for eliminations and other consolidation adjustments.

- Scrutinize Trial Balance and General Ledger identify abnormal balances/transactions, confirm arithmetical equality (debits = credits) and correct errors before finalizing financials.

- Lead the period-end close process in the ERP environment, including opening/closing posting periods, ensuring proper fiscal procedures and controls.

B. Analysis & Management Reporting (MIS), Forecasting & Budgeting

- Conduct ratio analyses (profitability, liquidity, efficiency), cash flow analyses and other business insights.

- Manage the monthly MIS process from business units: collect MIS, perform checks for accuracy, consolidate at company level, produce insightful PowerPoint presentations to management on variances (Revenue, Material Cost, Variable Cost, Fixed Cost, Other Income).

- Prepare presentations for meetings (Audit Committee, Board of Directors, Investor Calls) focusing on standalone & consolidated financial health, internal audit observations, action-taken reports, and key numbers (Revenue, Volumes, EBITDA, PBT, PAT) with comparable.

C. Audit, Compliance & Controls

- Oversee statutory auditors review under applicable regulations and manage liaison with both external and internal auditors.

- Prepare quarterly audit plan (tentative due dates, SPOCs) and coordinate all audit queries.

- Act as audit-coordinator: arrange auditor meetings with company departments, respond to queries in a timely manner, ensure resolution of audit observations.

- Collaborate with secretarial consultant on compliance matters (related parties, MSME returns, DPT-3, CSR budget). Handle XBRL filings for financials.

- Support the development and implementation of reports and procedures in alignment with law changes and internal control requirements.

D. Direct Taxation

- Manage direct taxation: handle faceless tax assessments, respond to tax notices, prepare documentation for tax audits and represent the company before tax authorities.

- Compute and report current and deferred tax liabilities; ensure tax figures are appropriately recorded in the financial statements per accounting standards.

- Oversee Income Tax Returns (ITR), TDS/TCS compliance and coordination with tax advisors.

E. Inventory Management & Product Costing

- Establish and oversee the inventory management system: track stock movements, ensure controls around stock counts, reconciliations and inventory ageing.

- Supervise product costing design: define & maintain cost-structure for manufactured/held goods including materials, labor, overheads, and absorption of indirect cost.

- Select and apply suitable inventory valuation/costing methods (e.g., FIFO, specific cost) and ensure consistency of method year-to-year.

- Monitor inventory ageing, obsolescence, slow-moving and excess stock; ensure appropriate provisioning/write-downs in line with accounting standards.

- Provide periodic product-cost variances: material cost variance, labor cost variance, overhead absorption variance; feed these into MIS/management reports to highlight cost control opportunities.

- Collaborate with business units and supply-chain/production/warehouse teams to align operational inventory policy (reorder points, lot sizes, lead-times) with financial targets and minimize carrying cost.

- Work with the ERP team to embed inventory & product costing logic into system: ensure postings of inventory movements, WIP, finished goods, COGS flows correctly through the ledger, and reports support management decision-making.

- Link inventory & costing metrics into monthly MIS/rolling forecasts/budgeting: e.g., closing stock, inventory turnover, cost of goods sold, margin by product line, inventory days.

- Ensure disclosure note-requirements in financial statements for inventory (valuation method, cost formula, carrying amounts, etc.) in accordance with applicable standards.

F. Indirect Taxation (GST, Customs, etc.)

- Manage indirect tax compliance across the group: monitor, interpret and apply the regulatory framework for GST in India (CGST/SGST/IGST), ensure correct registration, tax classification (HSN/SAC codes), tax rate application, timely filings and claims of input tax credit.

- Oversee customs duty matters for imported goods: ensure compliance with tariff classification, correct valuation, duty payment, documentation and liaison with customs authorities.

- Coordinate with team to assess indirect tax liabilities, reconcile tax credits (for example, GST input tax credit) and ensure correct recording of indirect-tax expenses or assets in the financial statements.

- Integrate indirect tax aspects into audit and regulatory agenda: e.g., ensure audit coverage of GST compliance, customs compliance, tax notices/responses for indirect tax matters.

- Work with IT/ERP team to develop and enhance the system: ensure the ERP captures correct tax codes/rates, tax implications for inter-company transactions, imports/exports, and MIS reports cover indirect tax performance (tax paid, input credit, compliance deadlines).

- Keep abreast of indirect tax law changes (GST slab changes, customs tariff revisions, regulatory clarifications) and assess business impact; update policy, processes and controls accordingly.

G. ERP Finance & Process Improvement

- Collaborate with the BC implementation team (or partner) to define finance & operations requirements: mapping existing ZOHON processes (month-end close, posting periods, inter-company eliminations, inventory cost flows, product costing, indirect tax functionalities) into Business Central.

- Lead the configuration of BC modules relevant to finance, consolidation, inventory & costing, tax and operations. Ensure key components such as general ledger, posting periods, inter-company journals, inventory valuation/absorption, cost centers, product costing are set up correctly.

- Develop and manage on-the-go enhancements (post-go-live) in BC:

- Design and test new BC reports & dashboards (using Power BI / BC built-in reporting) to meet management/board/audit requirements.

- Work with BCs workflow automation (via Power Automate, BC workflows) to embed controls e.g., approval of intercompany journals, validation of posting period opening/closing, inventory count alerts, cost variance notifications.

- Conduct continuous improvement: as business evolves (new products, geographies), update BC configuration and extensions to support changes e.g., new cost center hierarchies, new statutory tax regimes, new methods of inventory valuation.

- Manage the fiscal close in BC: ensure correct opening/closing of posting periods, reconciliation of ledgers, validation checks for debit/credit equality, abnormal balances detection via custom reports or alerts within BC.

- Ensure integration of BC with other systems: e.g., subsidiary data collection into BC for consolidation, inter-company elimination logic, inventory movements feeding into costing sub-ledgers, tax system linkage for GST/customs.

- Provide finance users, business-unit stakeholders, audit & tax teams with training and documentation on the BC system covering both standard functionality and the custom enhancements ("on the go" developments).

- Monitor and govern data quality, master-data controls (chart of accounts, cost centers, posting groups, inventory items, inter-company partners) within BC to ensure that financial reporting, consolidation and costing stay accurate and reliable.

- Stay updated with Microsofts Business Central updates/patches, and evaluate how new features (e.g., AI insights, Copilot, workflow automation) can further streamline finance operations; coordinate partner updates and internal change management.

Key Skills & Competencies

- Strong knowledge of AS and consolidation accounting.

- Deep experience in trial balance, general ledger scrutiny, error rectification & adjustment entries.

- Ability to prepare and analyze financial statements (BS, P&L, Cash Flow, SoCE) including detailed disclosures.

- Proficiency in ratio analysis, cash flow analysis, variance analysis, forecasting & budgeting.

- Excellent presentation skills for senior management, auditors, board/investor calls.

- Experience with audit coordination, liaison with external/internal auditors, preparation of audit plans.

- Familiarity with regulatory compliance (e.g., XBRL, MSME returns, DPT-3, CSR, RPT).

- Hands-on ERP finance processes: month-end/fiscal close, posting period management, report development.

- Product costing and inventory valuation expertise, cost-control mindset.

- Strong indirect tax knowledge: GST, customs, import/export duty, tax credits and compliance.

- Taxation capabilities: handling tax assessments, preparing ITRs, computing current/deferred tax, TDS/TCS compliance.

- Strong business partnering & communication collaboration with secretarial team, business units, consultants, etc.