Jindal Aluminium - DGM - Finance

Finance :

- Lead, innovate and evolve annual budgeting and forecasting processes so as to optimally monitor progress and to present key operational metrics to the management.

- Lead annual budgeting, interim forecasting and long-range planning processes for assigned business unit/department. Ensure proper monitoring and controlling of the corporate expenses through adequate Budgetary Controls

- Report and analyze financial and operating metrics, such as sales, gross margin, operating expenses, asset utilization, capital expenditures etc.

- Lead the financial planning and maintain a process for forecasting long and short term cash and capital.

- Constantly strive to learn more and deal with unique asset classes, fund and investment structures and products to develop solutions to ensure appropriate accounting and controls are in place.

- Responsible for the fund treasury and liquidity management process (including, capital calls, distributions and coordination with the financing team).

- Lead the coordination and project management of critical Alternative Funds Finance team projects and initiatives.

- Represent company with external agencies, interested parties and public.

- Coordinate with functional stakeholders to develop the monthly & quarterly plans in sync with annual operating plan, with rigor on bottoms-up approach.

- Production and analysis of the balance sheets for easy understanding by the management.

- Provide analytical analysis to help the company to (a) determine key metrics and understand how they impact the business and (b) optimize its commercial performance.

- Ensure proper and timely consolidation of SBU/ Subsidiaries accounts and preparation of company accounts.

- Ensure accounting of all transactions and compliance to all statutory requirements and audits of the company timely in appropriate manner.

- Initiate process improvements to make the accounting function more robust.

- Review the plans vs actuals on a regular basis; in-depth analysis of variance and communicating the same proactively creating right visibility and enabling planning of actionable.

- Closely monitor the costs of the function and ensure ROI is being delivered.

- Continuous tracking of key financials and business metrics, accurate reporting and circulating the same to relevant stakeholders at requisite time intervals.

- Prepare financial information & analysis for business reviews/presentations with key highlights.

- Support the Management in decision making by ensuring timely, proper and proactive supply of information. Partner in formulating the overall strategic direction for the Company

Taxation :

1. Responsible to oversee the following :

- Statutory compliances (GST, ITC 04, PT, TDS & TCS Returns, etc.) of the Units..

- Payments of all the statutory dues as per set timelines.

- Timely submission of Form 16 & Form 27D.

- Timely reconciliation of books with returns and government portals (26AS, GST, etc.).

- Direct taxes and working of advance tax.

- Mandatory compliances with auditors for taxation matters.

- Yearly Tax Assessment

- Ensuring no pending SCN's and Appeals.

- Export Clearances and ensure compliance in internal / External Audits.

- Statutory compliances & maximizing Industrial incentives available to the company.

2. Identify and mitigate tax risks, Manage tax provision and tax compliance process.

3. Management of Import & Export licenses, documents and clearances from DGFT.

4. Handling of both statutory audit and internal audit.

5. Preparation of timely MIS.

General Accounting :

- Closing and Reporting: Ensuring the monthly and quarterly Closing and Reporting of Balance Sheet, Income Statement and other financials, timely and accurately.

- Publish Monthly MIS like Profit and loss account along with Cash flow Statement and Balance sheet to the leadership

- Reconciling Inter-Company positions in order to facilitate the timely Consolidation

- Analyzing Trial Balance: Analyzing the TB and Balance sheet reconciliations in order to investigate the High-Risk Monetary Accounts like Trade Receivables

- Bank and GL reconciliation: Review of Bank, Trade and other receivables and payables, etc. after closing of books of Accounts

- Continuous Improvement: Regularly organizing continuous improvement sessions with the team to benchmark the best practices and cut down on lead time, wherever possible.

- Controlling and Supervise overall function of General Accounting, Accounts Payable, FAR and STPI Related compliances for all plants.

- Handling the preparation of Annual Financials Statement Along with Notes to accounts, get audited the same with audit Firm after resolving their queries.

- Supervise and establish over all control on Routine compliances work under GST which includes Returns Filling, LUT cum Bond filling with department, GSTR-1,GSTR-3B,GSTR 9 & 9C, GST Registration, GST Reconciliation on the basis of GSTR 2A & invoice verification as per GST Act.

- Handling the Internal audit process independently on periodic basis and provide Management comments on the Internal Audit Report.

- Apply the extensive knowledge on Import & Export Transaction and coordinating with STPI Department & banks for foreign currency transaction.

- Handling Quarterly Return for TDS and also prepare related reports & reconciliation also. Prepare data for Tax audit like TDS Reasonability reports.

- Conducting The Tax Audit under section 44AB of Income Tax Act 1961 of all the entities.

- Coordinator between consultant and statutory auditor of IGAAP for handling the Scrutiny cases of the Group under Income Tax.