Godavari Biorefineries - Deputy General Manager - Accounts & Finance - CA

Deputy General Manager, Finance and Accounts

Qualification: C.A.

Responsible for Treasury and Accounts for Sugar and Distillery Department and for releasing quarterly accounts of the Company as a whole.

Creation of master record in SAP

GL Account (Bank Account)

- Vendor Account (Employees are also treated as vendors)

- Customer Account

- Preparation of cost for Sameerwadi factory and co- generation

- Division

Treasury for Sugar and Distillery

1. Supervising day to day bank operations

a. Stock statement for ensuring proper drawing power

- Every month submit stock statement to bankers

- Ensure that stocks are accounted properly

- Ensure that debtors cheques are accounted in the right time frame

b. Monitoring cheques from customers and financial institutions.

2. Monitoring cheques which are the Company is going to receive and if foreseeing shortfalls, report the same to CFO.

3. Prepare and submit enhancement of working capital requirement application (CMA)

4. Provide follow up reports from CMA to banks like Q1, Q2, Q3 reports

Treasury short term finance procurement:

- CFO identifies the finance parties and negotiates the rates

- Sign documents after ensuring correctness of documents and interest rates

- Ensuring that the cheques paid by the Company are as per the terms and conditions

- If there is shortfall of finance, then speak with the parties to deposit the cheques

Treasury Payments:

Ensure allocation of funds to three units after discussing with the three General Managers of the respective factories.

If there is shortfall of finance, speak with the CFO and discuss priority and allocate finance accordingly

Long term finance:

- Make application to banks for finance

- Follow up with the banks at a local level

Accounts:

- Supervising data preparation and presentation

- Checking for typicalities in accounting entries

- Ensure match with accounting standards especially for annual accounts

Management Audit:

- This is reviewed in monthly meetings with Joint Managing Director, CFO and all Departmental Heads.

- Prepare monthly profitability of the business area wise

- The same is presented to management audit department

Tax related

1. Sales tax/ VAT assessment

- Interact with consultant for sales tax/ VAT

- Continuously monitor assessment

- Supervise assessment of data

2. Income tax and Service tax

- Provide data needed by Taxation Department in a typical matter

3. Sales tax return

- Supervise data preparation for sales tax return

- Ensure that data from system is put in right column

4. TDS return

- Rarely supervising it during year end

- Check if TDS payment is accurate including salary TDS

Establishing letter of credit for imports for any material procurement:

- Supervise preparation of letter of credit document Weekly

- Follow up with bankers for establishing letter of credit, amendments, if any ensuring payments on due date

- Interact with CFO, General Manager, Purchase and bankers for the same