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

Qualification : C.A.

Location : Sameerwadi,(via Mahalingpur), Dist Bagalkot Karnataka - 587 316

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

- Creation of master record in ERP

- GL Account (Bank Account)

- Vendor Account (Employees are also treated as vendors)

- Customer Account

- Preparation of cost for Sakarwadi, factory and co- generation

- Division

- Treasury for Sugar, Chemical and Distillery

Supervising day to day bank operations :

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

- Monitoring cheques from customers and financial institutions

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

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

- 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 :

Sales tax/ VAT assessment :

- Interact with consultant for sales tax/ VAT

- Continuously monitor assessment

- Supervise assessment of data

Income tax and Service tax :

- Provide data needed by Taxation Department in a typical matter

Sales tax return :

- Supervise data preparation for sales tax return

- Ensure that data from system is put in right column

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