Job Purpose

To plan, organize and perform treasury activities related to Cash Flow, borrowings, debt servicing, maximizing yield on short term investments from surplus cash and effective utilization of cash in a manner consistent with the objectives of the Company.

Job Context Major Challenges

Job Context:
The combined production capacity of all India units is 3, 46, 000 MT p. a. with a combined Sales Turnover of Rs. 2, 502 Crs. Banking, Treasury, Insurance, Fice and Commercial function for all the three units is centralised at Regional office situated at Gummidipoondi. All activities related to Banking, Treasury and Insurance are carried out at Regional office.

Job Challenges:
To estimate daily cash inflow, cash outflow and prepare DFR
To transfer funds based on requirement for payment and investment
To prepare bank limits Vs utilization on daily basis
To open Letter of Credit Bank Guarantee based on requirement from units.
To prepare investment return statement and provide for accounting.
To check interest working debited by banks and report deviation for correctness
To arrange documents for raw material import payment, Buyers Credit loan, repayment of loan correctly in a timely manner
To ensure proper accounting entries for all banking related transactions including interest, loan availment, repayment and investment related entries
To arrange documents and submit to banks for capex import hedging
To prepare periodical reports required by banks like Stock statement, Foreign Currency related reports, FFR FFR II.
Coordinate with banks for obtaining banks statements, transaction advices etc. ,
To maintain, modify bank authorized signatories as and when required
To liaison with bank and resolve transaction level issues
To maintain list of insurance policies, obtain quote for renewal and compare quotes
To submit periodical declaration to the insurance company
To renew insurance policies timely and premium accounting




To monitor Sum Insured Vs actual value and to arrange for coverage enhancement
To maintain all documents related to insurance claims and coordinate with unit logistic team for obtaining all claim documents and to ensure submission to insurance company

Key Result Areas
KRA (Accountabilities) (Max 1325 Characters) Supporting Actions (Max 1325 Characters) KRA1 Review of booking of bills for purchase of materials and services and payments thereof Review and approval of bills for material and services for all units Monitoring of GR/IR accounts to ensure timely bill passing and booking of expenses. Review of Vendors account to ensure timely payment to vendors and others. Review of vendor advances to ensure timely settlement of the same against bills To authorize all payment vouchers to ensure correct payment to vendors and others thru electronic payments/ cheques Authorisation of all foreign remittances to ensure accuracy and statutory compliances with FEMA /Income Tax/Service Tax in coordination with taxation team.
KRA2 General Ledger Accounting and book closing for the Company as a whole Completion of all entries and finalization of Trial Balance for preparation of Ficial Statements and MIS. Ensure proper systems and controls in accounting and payment processes To scrutinize all accounts to ensure accuracy of books of accounts. To coordinate with various departments for information required for book closing. To approve vouchers for recording of expenses and other transactions. To ensure adherence of all relevant statute, Rules and standards with respect to accounting. To ensure accurate booking of revenue from sale of power, steam, rent income etc.



Preparation of Arms length transaction working for materials purchased from other BC entities as per Transfer Pricing norms. Preparation of Lease accounting working as per Ind AS 116 To ensure CSR compliance as per companies act. To ensure regular reconciliation of all bank accounts To review petty cash payments and minimize the same
KRA3 Timely and accurate Accounting and payment of Taxes To ensure proper booking of tax credits as well as booking of tax liabilities including TDS, Service tax, WCT etc. KRA4
Dealing with auditors for Statutory Audit, Internal Audits IFC Audit To review and provide all details and records to auditors as per their requirements for completion of audit centrally from Regional office Regular review of Internal IFC audit point ensure timely closure of observations . To ensure zero repeat observations. Provide all details and records to auditors as per their requirements and coordinate with crossfunctional teams for completion of IFC Audit To coordinate with crossfunctional teams for completion of Statutory Internal Audit Resolve initial queries related to details and documents Regular review of Internal audit points ensure timely closure of observations Ensure compliance with accounting standards in daytoday accounting
KRA5 Preparation of Combined Ficial Statements on Quarterly/Annual basis To prepare ficial statements of BC India Subsidaries per Companies Act and Indian Accounting Standards ( IGAAP) Preparation of Trust Ficial To coordinate with crossfunctional teams for completion of accounting to meet timeline of ficial reporting for internal management and external agencies Ensure proper checks for all the detail received from cross functional team in line with IGAAP

Disclaimer : This job posting has been aggregated from external source. Role detailscontentand availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.

📌 SH - Accounts Payable, Audit & Consolidation Professional (Chennai)
🏢 Aditya Birla Insulators
📍 Chennai