Head - Finance & Accounts - BFSI/Healthcare/Pharma/Hospitality

We have opening with one of our client based at chennai

Principal Accountabilities

Accounting Operations

- Preparation and finalization of financial accounts using a standard chart of accounts and integrated financial accounts packages in a timely, accurate and complete manner for all businesses and entities

- Manage the master files in the accounting system for completeness and accuracy

- Monitor and check revenue recognition, revenue realization and AR accounting processes conducted by AR operations and Debt Recovery teams

- Process vendor payments and employee reimbursements.

- Achieve SLAs for payments to channel partners, referrals and franchisee operations

- General ledger accounting and controls on all assets and liabilities through prompt reconciliations and follow ups for settlements

- Arranging Statutory Audits and monitor the P&L accounts and Balance sheet on an ongoing basis to remain compliant to the Corporate Governance and GAAP principles adopted by the Board of Directors

- To arrange consolidation of accounts for all Units and Countrywide entities

Direct Taxation

- Compliance to all obligations under the Income Tax Act, especially relating to TDS, Withholding Tax on international payments, Transfer Pricing, Details for Filing Returns, Completion of Assessment

- Arranging Audits and preparation of briefs for representations and appeals

- Liaise with consultants, lawyers and assessing authorities to complete compliances

- Participate in cost optimization initiatives

Indirect Taxation

- Compliance to all obligations for service tax, VAT and import duties especially relating to invoicing for goods and services, availing abatements and tax set offs for input services and goods

- Arranging records, details for accurate and timely tax filings and preparation of briefs for representations and appeals

- Liaise with consultants, lawyers and assessing authorities to complete compliances

- Optimization of total payout of indirect tax

Legal and regulatory

- Assist in legal and regulatory compliance monitoring and reporting

- Provide financial information for tax and regulatory filings

Results Reporting

- Provide financial data from financial systems (AX 2009/2012) for local statutory filings, management analysis for internal planning and budgeting processes across divisions

- Develop MIS and internal reporting systems in consultation with Business Controllers and CFO,

- Implement cost management through budgeting and a system of pre approval based on the Schedule of Authorities

- Ongoing cost management related analysis and strategic inputs

Operations

- Co-ordination with other functional areas for Internal reporting/ MIS to top management

- Account finalization for monthly and annual cycles within 5 working days

- Internal Reconciliations

- Operate cash management and payment banking processes

- Preparation of data for certificates under FEMA

- Resolving banking queries and follow up discussions

- Investments execution of approved transactions

- Support to internal audit and external audit functions wherever required

Asset management and Insurance

- Maintenance of control records on fixed assets and inventories

- Insurance renewal and policy maintenance operations

- Monitoring compliance to insurance warranties

Accounts Receivable management

- Participate in designing and implementation of credit policy with Business Controllers

- Assist Business Controllers in monitoring & evaluating customer performance

- Overall Liquidity Management

System efficiencies

- Optimization of AX 2009/12 deployment

- Continuous evaluation and adoption of technology developments which assist in cash and related risk management activity

Performance Management and Employee Satisfaction

- Ensure that all reportees are evaluated objectively

- Continuously identify channels for training and technology to facilitate the same

- Manage and motivate team to be contemporary in all aspects of IT and financial accounting.

Critical Challenges

- Implementation of accounting best practices for result reporting and asset management

- Controls on cash flows through the banking network for 200+ centres

- Optimisation of tax benefits, Compliance with regulatory norms

Unique Knowledge & Skills

- Financial acumen and necessary experience in IndAS reporting

- Hands on in AX 2012 financial accounting modules

- Leadership so as to create and lead the function towards achievement of strategic goals.

Rajiv