VFS Global - Senior Manager - Cost Control

Education: CA/ MBA

Experience: 7-8 years of experience in accounting, financial planning and analysis, cost management, receivables & payable analysis for working capital management, statutory & internal audits etc

Knowledge & Key Skills: In-depth knowledge and understanding of systems (SAP) and processes, team player

Purpose of the role :

- Net working capital controls and analysis

- Managing and reporting Accounts receivable (AR), Accounts payable (AP). Month over month variance analysis, preparation of management decks

- Capital Expenditure tracking, reporting, variance analysis, forecast activities

- Monthly book closure as per timelines and introduce process to reduce the monthly closing timelines

- Monthly book closure along with schedules for working capital items for audit

- Function cost analysis and reporting to various internal departments with proper allocation methodology

- Accounting process & systems alignment across the company

- Detailed cost MIS for review and cost control suggestions in HO & regions

Profile - Roles and Responsibilities :

Areas of Responsibility & brief description Responsibility Level

1. Ensure monthly closing activity is completed on time with all schedules and annexure for review and audit. Strict supervision on all activity as per check list.

2. Tight control on task performed by outsourced accounting vendor as well as in-house accounting.

3. Extract and analyse Accounts Receivable and Accounts Payable reports for effective working capital management

4. Net working capital analysis and preparation of cash flow statements Provide and coordinate for closure of statutory audits and internal audit requirements including schedules, ledger, sample, clarification.

5. Ensure proper cost center wise accounting to help capture cost at business and function level.

6. Measure actual costs against budget and reason for variances.

7. Interact with functions and business and identify cost saving opportunity.

8. Support enabling function to budget their annual cost and adjust forecast on quarterly basis.

9. Cost MIS to be shared with enabling units on monthly basis for actual vs. budget expenses with variance reasoning and cost saving opportunity

10. Judicious use of natural resources

11. Shall adhere to the environment health and safety policy/objectives and guidelines of the organization.

Indicative KRAs/Budgetary and Revenue Responsibilities :

1. Timely and accurate submission of Monthly / Quarterly / Annual reports on AR, AP, Unbilled, bad debts to group

2. Cash flow statements and working capital analysis

3. Capex reporting on monthly, quarterly basis along with forecasts

4. Cost optimization reports

5. Initiatives for cost control

6. Process improvements and automation

Key Interactions within and outside of VFS Global

External:

1. Banks & other financial institutions,

2. External Auditors & legal compliance officers

Internal :

1. Group Controlling Team

2. VFS Global Departments