Financial Reporting Role - CA

1. Primary Responsibilities

- Accounting of plant- related Transactions

- Scrutiny of Books of accounts

- Monthly and year- end Provisions

- To ensure the timely generation of monthly MIS Reports and their timely submission

- Variance analysis of P&L items, balance sheet items

- Review of sales, consumption, payable and receivables

- To ensure timely closing of monthly accounts

- To ensure following up of Budget Spending and analyze variance

- Taking care of all administrative activities, expenses, & and supervision of closure of books of - accounts on a monthly, Quarterly, and annual basis

- Review of all contracts and custodian of exposures contracted with Vendors. Ensuring the authority matrix is followed and deviations are appropriately ratified.

2. Capex Accounting of Group

- Assess the Payback period of the new Capex Project and Monitoring Budgeted Capex vs Actual Capex

- Tracking of Machine wise Actual Production vs Machine's Capacity as promised by Machine OEM

- Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.

- Recommend to management any updates to accounting policies related to fixed assets.

- Assign tag numbers to fixed assets.

- Record fixed asset acquisitions and dispositions in the accounting system.

- Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.

- Reconcile the balance in the fixed asset subsidiary ledger to the summary- level account in the general ledger.

- Calculate depreciation for all fixed assets.

- Review and update the detailed schedule of fixed assets and accumulated depreciation.

- Calculate asset retirement obligations for those fixed assets to which AROs are applicable.

- Investigate the potential obsolescence of fixed assets.

- Conduct periodic impairment reviews for intangible assets.

- Conduct periodic physical counts of fixed assets.

- Recommend to management whether fixed assets should be disposed of.

- Conduct analyses related to fixed assets as requested by management.

- Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries.

- Prepare property tax returns.

- Represent the company during any audits by a government that involves fixed assets.

- Track company expenditures for fixed assets in comparison to the capital budget and management authorizations.

3. MIS, Financial Statements & Audit

- Expense management - review and escalation of exceptions

- Accounting and process controls around

- Budget vs Actual on Major expenses Spends.

- Co- ordinations with internal and Statutory Auditor

- Statutory (quarterly and Annual) and Tax audit completion as per timelines advised by management

- Preparation of subsidiary financial statements.

4. Regulatory and Statutory compliances

- Working knowledge of TDS compliance

- Working knowledge of GST credit

- Working knowledge of audit completion

5. Secondary Responsibility

- Participation in book closure activities

- Participation in Statutory audit, tax audit

Candidate Required -

- Qualified CA with a minimum of 5 years of Experience.

- Candidates from Manufacturing Industries will be preferred.

- Strong Communication Skills

- Advanced computer skills in MS Office / Excel

- Working Knowledge of Oracle/ER