Purpose of Job:
Focus on all controlling matters of the Organization, including management of Books of account, Handling Audits, Ensuring Internal controls are in place and effective, Factory cost Management and Inventory Management.
Role& Responsibilities:
Maintenance of books of accounts to ensure books are updated regularly with accuracy on accrual basis.
Closure of Books of Accounts on a monthly basis, with proper estimation of Provisions
Preparation of monthly MIS - P&L; , BS and CF along with analysis of expenses and Income
Analysis of Product wise, Region wise margins of the products and recommendation for price revision
Analysis of purchase price trends for critical Raw Materials, Highlighting the impact on Product gross margins.
Analysis of Factory expenses Trends and recommend for cost control with suitable measures.
Analysis of Fixed expenses Vs budget, analysing the reason for variations, recommending solutions to control expenses
Inventory Analysis on a monthly basis, to analyse slow moving, obsolete stock - recommending consumption plan
Ensuring receivables are managed as per the due dates, To review the collection status on a weekly basis.
Vendor Advance management
Preparation of Half yearly and Annual Financial Statements for submission to Board
Handling the Statutory Auditors and completion of Annual Audit in the prescribed Timelines
To ensure Secretarial compliance, coordinate with CS for Board Meetings, Ensuring Documentation and filing is done in time.
To get the Annual benchmarking study done from TP perspective, to ensure documentation is kept in place.
To Handle Transfer pricing Audit
To Handle Corporate Finance Work - Forex management, Trade Financing, Investment Management.
Periodic Account confirmations with Business Partners.
Authorisation of Export invoices to Ensure Duty Draw back, Advance Authorisations and other Custom document compliance.
Ensure Advance Authorisation Provisions are fully compliant as per FTP/DGFT.
All Export bills are