- Maintain a documented system of accounting policies and procedures.
- Oversee the operations of the accounting department, including the design of an organizational structure adequate for achieving the department's goals and objectives
- Oversee the accounting operations of holding and subsidiary companies, especially their control systems, transaction-processing operations, and policies and procedures.
2. Transactions
- Ensure that accounts payable are paid in a timely manner
- Ensure that all reasonable discounts are taken on accounts payable
- Ensure that accounts receivable is collected promptly
- Coordinate with HR for payment of salaries.
- Ensure periodic bank reconciliations are completed
- Ensure required debt payments are made on a timely basis
- Maintain the chart of accounts
- Maintain an orderly accounting filing system
- Maintain a system of controls over accounting transactions
3. Reporting
- Issue timely and complete financial statements
- Coordinate the preparation of the corporate annual accounts
- Preparation of annual budget and forecasts
- Calculate variances from the budget and report monthly MIS, cashflow projections with significant issues to managementperiodically.
- Provide for a system of maintain project wise profitability
- Provide financial analyses as needed, for capital investments, pricing decisions and contract negotiations
4. Compliance & Statutory and Taxaudits
- Statutory/ tax audit completion without any major observation
- Handling Tax assessments and appeals
- Set-up quarterly boardmeetings
- Prepare board pack for the board meetings
- Drafting agreements and handling legalmatters
5. Treasury and FundManagement
- Raise Loans for capital requirements of the group