07 Jan
CEAT Ltd
Mumbai
Job Description
To prepare and maintain accounting records, ensure statutory compliance, improve control systems, and generate performance reports and analysis, with an objective to partner with the technical team towards achieving the business results.
DIMENSIONS:
Position holder
Internal customers
External customers
External partners
KEY RESPONSIBILITIES:
Statutory Compliances and payments To ensure timely and accurate payment of statutory dues and filing of returns. To take accountability for all internal audit observations and drive mitigation of the issues.
Ensure timely and accurate payment of statutory dues and filing of returns
Accounting - Maintenance of proper books of accounts and ensure accuracy levels. Adherence to accounting standards and corporate laws. Review the accounting systems from time to time and modify it to suit the changes in business requirements in liaison with IT
Audit Ensure that the Internal Audit and Statutory Audit are completed within time. To take steps to eliminate the observations stated in the reports and help in strengthening the overall control environment in the factories.
Financial Planning To lead the financial planning process in the factories. This will include coordinating with various departments to put together the budgets, validate assumptions and logic of building up the budgets. Also, responsible for managing funds, ensuring commercial discipline and internal control.
Analytics Preparation and analysis of financial reports for submission to management explaining the deviations from the budget. Drive improvement in the operating processes by providing compelling analysis of the inefficiencies.
Capitalization - To drive and effective Capex management system. To ensure analysis of the capital expenditure at for their objective like IRR at the time of approval, monitoring the approval process and tracking the effectiveness of the capex approved against their agreed objective. To ensure proper treatment of the capital expenditure in the books as per the accounting policies of the company.
Partnering - Guide manufacturing locations on accounting system and control. Must display drive and ability to contribute to improve the processes in plants. Must leverage subject matter expertise to influence and drive efficiencies in other departments.
People Development Ensure active talent management to build a good team in the finance function of the factory. Partner with HR to proactively enable development and growth opportunities to the team under the position.
FUNCTIONAL COMPETENCIES
Proficiency with Accounting standards & statutory norms & guidelines (Master)
(Technical knowhow & ability to understand, interpret, implement accounting standards, norms & processes)
Eye for Detail (Advanced)
(Ability to observe variations in data)
Customer Orientation (Advanced)
(Cultural orientation to engage with customers, proactively assess their needs and continuously create value for them)
Align Accounting Processes with Business Goals(Advanced)
(Ability to understand business goals, interpret accounting strategies & governance required to achieve those goals and customize accounting practices , process & matrices to deliver on those strategies)
Data Interpretation Ability (Master)
(Ability to study & interpret data/trends and draw inferences/projections)
MANAGERIAL COMPETENCIES
Judgment ,Analysis & Decision making (Master)
(Collects relevant and comprehensive information, breaks the problem down and applies appropriate logic; reaches balanced and rational decisions and acts accordingly)
Productive thinking, Creating and Innovating (Capable)
(Fosters an environment of creativity and contributes practical, creative ideas to overcome problems, create new systems and improve existing systems)
Leading, Developing and Motivating (Advanced)
(Delegates appropriately; gets people moving in a common and consistent direction; creates trust, loyalty and a sense of team spirit; gets the work done through people; is alert to and acts upon development needs and opportunities for staff; maximizes the motivation that staff derive from their work)
Quality & Customer focus (Advanced)
(Creates a culture of universally high, unyielding quality standards; Interacts with and understands the customer; creates a culture of customer service; checks on satisfaction levels and takes complaints seriously; protects customer interests where possible)
Communicating & Presenting (Advanced)
(Communicates in a logical, concise, structured manner; describes situations and presents ideas accurately and effectively; holds attention and achieves the understanding of others)
Proficiency Levels for Competencies:-
Basic- elementary understanding & familiarity
Foundational- ability to apply knowledge in certain areas
Capable- solid understanding and ability to apply knowledge in most areas
Advanced- Thorough in-depth understanding
Master- Advisory Expert in subject knowledge
PREFERRED AGE
24-28 yrs
QUALIFICATION
B. Com, CA/CMA
EXPERIENCE
3-5 yrs.
SPECIAL REQUIREMENTS
(IF ANY)
ESSENTIAL
Exposure to finalization of accounts , including good understanding of accounting standards and corporate laws
DESIRABLE
Prior experience in Tyre /Automotive industry
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