Client
A Leading Iron & Steel Company
Job Summary
Responsible for the finance, accounting, budgeting, taxation and auditing activities at the plant.
Duties And Responsibilities
| 1 | Align financial strategies with organisation objectives by analyzing and reviewing plant performance from cost and budget perspective and recommending corrective action |
| 2 | Oversee preparation and filing returns under central excise and service tax and also provide guidance depending on the severity of the showcause adjudication |
| 3 | Reconciliation of VAT Credit, CST and entry tax with the financial books |
| 4 | Provide guidance on exceptional cases pertaining to TDS and insurance related matter |
| 5 | Oversee preparation of quarterly and annual balance sheet and getting approval from HO on the same |
| 6 | Oversee reconciliation of raw material accounting and take corrective action in case of variance |
| 7 | Oversee reconciliation of store accounting and certify physical stock taking at periodic interval. |
| 8 | Oversee monthly reconciliation of cash and bank |
| 9 | Financial vetting of contract and provide guidance on corrective actions |
| 10 | Manage accounting and financial systems and ensures the maintenance of full and accurate accounting records. Ensures accurate production of monthly management accounts. |
| 11 | Oversees the collation and preparation of accounts and financial reports/statements and carries out financial analysis in such areas as forecasting, budgeting, engaging in cost reduction analysis, and reviewing operational performance. |
| 12 | Oversees effective preparation of the plant budget and reports to management on variances from the established budget and the reasons for these variances. |
| 13 | Oversees all tax and regulatory compliance issues are met. The incumbent manages the retention and preparation of tax records, tax returns and other required reports and also assesses the impact of an organization’s tax liability. |
| 14 | Organizes and plans the auditing schedules and ensures compliance with all audit reports. |
| 15 | Oversees the effective implementation of the payroll process to ensure that all employees are paid on time. |
| 16 | Forecasts cash flow positions and related borrowing need and also ensures that sufficient funds are available to meet ongoing operational and capital investment requirements |
| 17 | Oversees compilation of key financial metrics for the plant and their presentation to management. |
| 18 | Establish and maintain cash controls and also manages and maintains fixed asset and depreciation records. |
Job Specifications
| Educational Qualification | CA/ICWA/MBA (Finance) |
| Experience | 15-20 years experience;with atleast 5 years in steel industry |
Performance Measures
| 1 | Ensure timely payments to business partners |
| 2 | Ensure timely and accurate financial reporting |
| 3 | Ensure timely clearance from auditors on compliance practices |
| 4 | Ensure that corrective actions are taken on gaps highlighted and recommendations made in each audit report |
| 5 | Ensure timely and accurate management of tax liabilities |