Responsibility Description:
Financial Statements:
- Preparation and finalization of monthly, quarterly, and annual IND AS-compliant standalone and consolidated financial statements, Conduct detailed review of P&L and balance sheet and ensure timely closure of books of accounts
Statutory Compliances:
- Ensure compliance with all financial and operational checklists across plant accounting. Strengthen internal controls, SOPs, and documentation. Monitor adherence to company policies, statutory requirements, and audit recommendations.
Budgeting:
- Lead the annual budgeting process in coordination with plant and corporate teams. Prepare periodic forecasts and variance analysis. Monitor budget adherence and highlight deviations with actionable insights.
Cash Flows (Actual & Forecast):
- Involved in preparation of cash flow statements on fortnightly/monthly basis for actual numbers and forecasted cash flows for next Quarter. Guide the management on cash availability for next Quarter and suggest on steps to be initiated for improving the cash flow position.
Taxation:
- Review monthly, Quarterly & Annual compliances with respect to GST/TDS/TCS etc., independently managing the tax audit & filing income tax return for the copany, handling income tax & GST assessments/audits/appeals etc., independently representing the company before authorities for assessments/appeals etc.
Costing:
- Review Costing methodology adopted in arriving the costing of the product, Review KOP's of the team in line with budgeted, Review the existing costing processes and suggest modifications, if any, involved in inventory valuation as per IND AS provisions etc.
MIS & Variance Analysis:
- Preparation of monthly and quarterly MIS reports (P&L, Cash Flow, Balance Sheet). Perform variance analysis vs. budgets/forecasts and provide financial insights. Assist in budgeting and forecasting.
Plant Accounts Review & Monitoring:
- Conduct mandatory monthly plant visits (8-10 days). Ensure statutory and internal compliance. Review plant accounts and establish strong control mechanisms.
Audit Support:
- Oversee internal and statutory audits. Ensure audit readiness, compliance, and timely resolution of audit observations.
Fixed Assets:
- Manage and update the Fixed Asset Register (FAR). Track project progress, ensure accurate capitalization, and support timely reporting.
Related Party Transactions:
- Conduct related party reconciliations ensuring accuracy, completeness, and compliance with accounting standards and internal policies.
SAP Implementation Support
- Provide support and guidance in implementing SAP S/4 HANA. Coordinate with various stakeholders and provide the timely support to implementation team
Process Improvement:
- Identify and Implement process improvements to enhance efficiency, accuracy and scalability of financials operations
Additional Duties:
- Handle additional assignments as per management requirement
