Vodafone Idea - General Manager - Finance Operation/Insurance/Treasury Back Office Operations - CA

Vodafone Idea | GM - Finance Insc,Subsidiaries,IT Outsourcing

Job Purpose : Subsidiary Finance Operation, Insurance Management, Accounting & Settlement of Key Contracts and Treasury Back Office Operations

Key Result Areas/Accountabilities :

Business Finance - Subsidiary Operations (VIBSL & VF)

- Assuring timely and accurate monthly closing of financial books.

- Statutory and other compliances related to taxation and other matters

- Preparation of audit schedules, resolution of Audit queries and providing relevant inputs /schedules to auditor.

- Interaction with Statutory auditors and resolving audit queries

- Preparation of monthly P&L and BS variance and mitigation plan on any deviations

- Ensuring timely closure of ICFR compliances

- Ensuring CSR compliances as per CSR regulations

- Coordination with CSR Team for appropriate control in CSR spent and overhead allocation

- Treasury management - Preparation of monthly cash flow and placement of Fixed deposit for interim period

- Handing vendor payments in coordination with SSC Team

- Interaction with Tax Team and Consultants for submission on Tax litigation and handling contingent liabilities

Insurance Policy placement and Claim Settlement :

- Effective handling of Insurance Policies Renewal & placement of new policy and timely claims follow-up, settlements and reconciliation

- Timely renewal of existing policies and initiate the process of placing new policy in most effect way to cover associated risk at best available rates

- Ensuring appropriate valuation exercise of Cellular Network Policy year 2021-22 for adequacy of sum insured and smooth settlement of claims.

- Preparation of Standard Operating Procedure on Replacement value of Assets for Cellular Network policy and claim settlement

- Settlements of claims in coordination with circles, insurance broker and insurance company in time bound manner

- Monthly claim review meeting with all the stakeholder and taking appropriate actions for nonmoving claims.

Management of Key Contract :

- Accounts SPOC for preparation of key long term IT outsourcing contracts and managing accounting and reporting of IT cost

- Validation of monthly cost based on methodology mentioned in the agreement highlighting disputes with vendor if any

- Appropriate segregation of IT cost into Capex, Opex and Integration cost after due validation with Technology Team.

- Ensure to track SLA mentioned under agreement and raise penalties in case of non-compliance

- Interacting with IT & MIS team for discussions on identifying Capex and Opex natures of IT cost

- Regular interaction with Vendor for reconciliation of SOA and settlement of monthly dues

- Handling Statutory Audit related to IT outsourcing cost and resolving audit queries.

Treasury Back Office Operations :

- Independent validation of Forwards contract deals and submission of the underlying documents to Bank

- Review of monthly consolidated Cash Flow and its presentation to Management

- Maintenance of governance, control and records of 350+ Bank accounts relating to

- List of all bank accounts and authorized Signatories of the Company and its subsidiaries

- List of persons authorized to operate Electronic Banking Systems

- Ensuring timely changes in above records based on business need

- Ensuring quarterly Treasury Back office related compliances and Internal audit reporting

Core Competencies, Knowledge, Experience :

- Track record of handling team

- Interpersonal & communication skills for interacting with internal and external stakeholder

- Innovator and good negotiation skills

- Understanding of SAP/Oracle/ERP

- Experience of Insurance / banking / financial background (preferable but not must)

Must have technical / professional qualifications : Chartered Accountant

Years of Experience : 10-12 years

Direct reports : Yes