Finance |amp| Accounts Manager

We are hiring Finance and Accounts Manager

Responsibilities:

The following would be the essential responsibilities for this position:

Treasury Function:

- Managing foreign exchange exposure on a day to day basis which includes hedging of forex positions.

- Ensure proper documentation for the forex and commodity hedges in line with RBI/FEMA guidelines.

- Manage day to day cash position, ensure effective utilization of Working Capital

- Cash flow planning to ensure timely debt servicing.

- Legal compliance of law of the land/RBI.

- Developing new and strengthening existing banking relationships.

- Ensure proper control and checks prior to releasing the payment.

- Maximization of return on surplus funds

Finance Function

- Statutory Compliances and Audits

- Ensure compliance of applicable statutes i.e submission of GSTR, filing of returns, closure for assessments etc.

- Put in necessary internal controls to facilitate statutory compliances.

- Liaise with Auditors for closure of statutory and tax audits

- Management Reports

- Prepare Variance Analysis Reports - Budget Vs Actuals

- Detailed evaluation of monthly Profit & loss a/c with local management and controller (including direct costs and O/H analysis)

- Detailed Balance Sheet with significant movement analysis including inventory movements.

- Ageing report of outstanding receivable/payable

- Inform management about significant issues and provide recommendation

- Managing Adhoc projects initiated by the local management, which forms part of regular review.

Accounting

- Lead the accounting team located in Bangalore

- Ensure accuracy, completeness of accounting data in ERP by way of variance analysis and review of all journals before posting

- Ensure accuracy and completeness of month end accruals

- Design accounting/work procedure/Internal control standards and ensure that they are implemented and maintained

- Monthly reports to group entities (overseas entities - Switzerland/Singapore)

- Review of monthly reports i.e Profit & Loss, Balance sheet etc. and circulate with overseas entities within the agreed time lines.

Others activities

- Timely monthly submission of the asset and liability report

- Calculate deferred tax asset/liabilities on a monthly basis