Manager Finance and accounts

Designation / Position:  Manager – Finance & Accounts / CA

Key Skills -

• Banking
• Finance
• Budgeting
• MIS
• Consolidation
• Taxation (Direct & Indirect)
• GST implementation

Job Description –

1.      Controlling of Accounting Functions

Ø    A/R-Monitoring the Monthly Invoices submitted to customers based on Commercial Agreements.

Ø    Ensure Properly discounts Credited in Customer`s A/c

Ø    Scrutiny of Debtors a/c & Reconciliation.

Ø    Debit & Credit Notes issued as per agreements.

Ø    A/P- Controlling on Advance Payment & Bill Booked in A/cs.

Ø    All GL Scrutiny & up to date with accurate reconciliations.

Ø    Maintenance of books of accounts as per relevant standards & rules.

Ø    Manage the Operations of accounting department with other departments.

Ø    Preparation of MIS as per decision making & business needs.

Ø    Preparation of Budgets & Variance Analysis.

Ø    Reporting of the finding to the management.

Ø    Presentation of Financial Statements as per Companies Act.

2.      Closing of Monthly & Yearly Books of Accounts

Ø    Scrutiny of Monthly Trial Balance& Preparation of Cash Flow Statement with Profit & Loss a/c including all provisions.

Ø    Supervision & Scrutiny of Statutory liabilities i.e. Excise/Service Tax,   Vat, TDS, ESIC /PF.

Ø    Capitalization of Fixed Asset & Depreciation thereon.

Ø    Scrutiny of Creditors & Debtors a/c.

Ø    Scrutiny of Overheads A/cs.

Ø    Inventory Valuation & Reconciliation of All Modules.

Ø    Finalization of Profit & Loss A/c with Balance Sheet Quarterly/Annually.

3.      Costing

Ø    Preparation of Cost Sheet for different products.

Ø    Decision making on the basis of contribution

Ø    Revised Pricing for existing Products

Ø    New Pricing for New Products

Ø    Cost Reduction & Cost Control measures

Ø    Take further step to reduce in Cost.

Ø    Depth analysis of Material, Labour & Overheads

Ø    Apportionment of Cost on the basis of proper justification

4.    Statutory Compliances-Income Tax/Vat/Service Tax/Banks & others

Ø    Involved of Issues of Excise /Sale Tax/Service Tax/TDS / ESIC/PF Returns & show cause notices.

Ø    Involved in Audit of Excise/Service tax/Vat.

Ø    Involved in Finalization of Sale Tax Assessment Cases.

Ø    Scrutiny Cases of Income Tax, Reply of Show Cause Notices.

Ø    Ensure the TDS of Employees Salary, Contractor’s Payment, Professional, Rent etc.

Ø    Co-ordination with Statutory & Internal Auditors in the areas of Receivables, Payables, Inventory & Direct & Indirect Taxes

Ø    Transfer Pricing Audit, Tax Audit Report, Income Tax E Compliances.

5.            Direct Tax & Indirect Taxes Matters

Ø    Responsible for Tax Audits / 92 E / Transfer pricing / Tax Return - Yearly.

Ø    Calculating advance tax, Computing taxable income & tax liability, directing to pay Advance tax

Ø    Drafting the Submission and replies to various notices relating to Income Tax assessment(including TDS and TP Assessment), Appeals and Penalty proceeding issued by Income Tax Authority

Ø    Coordination with Consultant on finalization of Transfer Pricing Study Report and Tax Audit Report.

Ø    Liaison with Statutory and Tax Auditors, Consultants and Senior Counsels on various Direct Tax matters.

Ø    To keep track on all updation in tax related case laws/notification/surplus circulated in ITR and other Tax Journals/Tax websites and share the same with other counterparts/officials of the company.

Ø    Drafting the Submission and replies to various notices relating to Excise & Service Tax Departments, Appeals and Penalty proceeding issued by Authority.

6.   Banking- Documentation & Bank Compliance

1. Fund Arrangement -Working Capital & Term Loans including both fund-based and
2. Familiarity with Banking Norms for fund raising & Formalities related credit facilities.
3. CMA Data Preparation for Proposals.
4. Fund Flow Management on Daily Basis.
5. Banking Liasioning with all the Consortium Banks.
6. Presentation of Quarterly Consortium Meetings.
7. Reduction of Processing & Other Charges.
8. Joint Documentation for Consortium
9. Due Diligence Report
10. Finalization of Financial Modeling for Road Projects
11. Equity IRR & Project IRR for Hybrid Projects.
12. Projected Cash Flows & Profit & Loss a/c & Balance Sheet.
13. Open/Amended/Acceptance of Letter of Credit.
14. Open of Bank Guarantees/Reduction/Extensions.
15. Forward Booking/Cancellation/Delivery.
16. Open FD/Renew/Margin Release.
17. Get External Credit Rating from ICRA/CRISIL.
18. Charge Create/Modified/Satisfy of Securities.
19. Stock Statement/Physical Progress Report.
20. Ensure timely submission of compliances.
21. Compliance with WC Covenants Including CMA etc.
22. FEMA/RBI/NBFC Guidelines.
23. Responsible Matters Relating to FEMA.
24. Dealing with Banks for operations.
25. Preparation of Weekly/monthly Cash flows.
26. Dealing with banks for LC opening, Domestic and foreign bills Discounting, LC open, availing Packing Credit, and Buyer Credit etc.  
27. Obtaining various certificates, remittance inward and outward                  
28. Advises from bank and verification of same.
29. Verification of interest charged by banks under various facilities.
30. Preparation of CMA data for banks, Cash Flow, Fund Flow, Ratio Analysis.
31. Exposure on Working Capital & Term Loans proposals.
32. Discussion and providing Justifications and coordination with Banks for various Loan proposals.
33. Arranging Payment of LC/BC/PCFC & Raw Material & Other Expenses.
34. Discussion and providing Justifications and coordination with Banks for various Loan proposals.
35. Planning, Analyzing of FOREX Booking and availing Forex hedging.
36. Analytical and interpretation skill of various financial reports.