Finance Manager - FMCG

Finance Manager

Summary :

- The primary purpose of this position is to act in the capacity of Finance Manager for the India Office responsible for completeness and accuracy of accounting records and statutory and tax compliance of the Office.

Accountabilities :

- Ensure that the accounting records of the Office are properly maintained to reflect a true and fair view of the Office's performance in accordance to statutory and accounting standards and regulations

- Ensure statutory compliance to all tax regulations and filings

- Handle all finance-related engagements with auditors, tax agents and professional firms to ensure timely completion and resolution of issues

- Manage treasury and working capital requirements and risks of the Office

- Review the existing financial/accounting infrastructure and internal control processes and procedures. Recommend and implement improvements and best practices

Others :

Responsibilities :

Ensure that the accounting records of the Office are properly maintained to reflect a true and fair view of the Office's performance in accordance to statutory and accounting standards and regulations

- Responsible for the monthly closing including completion of journal entries, key balance sheet reconciliations, month-end checklist and financial reporting package

- Perform monthly balance sheet reconciliations and follow through all reconciling differences and issues

- Stay abreast all developments in India GAAP, accounting standards and regulations

Ensure statutory compliance to all tax regulations and filings :

- Ensure timely payment of tax dues and submission of all required tax filings. These include but not limited to VAT/CST, Service Tax, TDS, Income Tax and Customs Duties. Reconcile statutory tax registers with internal accounting/tax records and follow through all discrepancies

- Provide sound advice to management regarding the applicability of various tax compliances with respect to all business transactions and decisions

- Perform effective liaison and communication with local tax offices, external tax consultants and US corporate office

- Have a good grasp of transfer pricing concepts including Customs regulations e.g. SVB

Handle all finance-related engagements with auditors, tax agents and professional firms to ensure timely completion and resolution of issues :

- Support year-end statutory audit by providing audit schedules, confirmations and supporting documents as requested by auditors. Assist in the drafting of various notes to the audited financial statements. Follow up on Management Letter recommendations made by the auditors

- Support internal audits by providing information and supporting documents as requested by auditors. Follow up on recommendations made by the auditors.

- Support ad-hoc reviews and audits by local regulators and agencies in collaboration with external tax consultants and US corporate office

Manage treasury and working capital requirements and risks of the Office :

Optimize working capital by :

- Ensuring effective accounts receivable and credit management and recovery

- Working with Logistics on inventory management improvements

- Ensuring the Office's purchases and CAPEX are within approved limits and guidelines

- Ensure timely international payments of intercompany payables within FEMA & RBI guidelines

- Ensure effective coordination with Authorized Dealers (Banks) in all banking, treasury and foreign exchange matters in accordance with FEMA & RBI guidelines

Review the existing financial/accounting infrastructure and internal control processes and procedures. Recommend and implement improvements and best practices :

Others :

- Participate in the Annual Budget exercise

- Involve in the monthly Business Review Meetings

- Perform other tasks or projects as assigned