Karvy - Assistant Manager - Finance & Accounts

About Karvy

Karvy is a premier integrated financial services company, ranked amongst the top-5 in the country across all the business segments that it has presence in. The Group services over 70 million individual investors in various capacities, and provides investor services to 600 of the best of Corporate India. Karvy covers the entire spectrum of financial services, such as stock broking, registry services, depository services, distribution (of financial products including mutual funds, bonds and fixed deposits), commodities broking, currencies broking, personal finance advisory services, merchant banking and corporate finance, wealth management, NBFC, insurance repository, equity placement and IPOs among others. The Group is professionally managed with combined staff strength of nearly 8500 employees across the length and breadth of the country and ranks among the best in technology, operations and research.

About Karvy Solar

Karvy Solar is a new age Solar power company aiming to provide one stop solution under one roof. We are setting up a 20 MW solar power project at Sadashivpet, Telangana and are taking steps to be a serious player in the Industry. The company has plans to develop three verticals Build & Operate, EPC and Consulting. Over the next few years, Karvy Solar aims to be a serious player in the Construction, consulting and Operations & management of Solar Power projects

Purpose of role:

- To manage finance function, designing & implementing systems, policies & procedures to facilitate internal financial controls.

Key Responsibilities

- Preparation of business plans, financial projections and forecasting.

- Liaising and negotiating with the banks & financial institutions for availing Term Loans and Working Capital Loans. Preparing Project reports & appraisals, etc for getting credit facilities.

- Timely payment of principal and interest to avoid penal interest. Periodical review of credit terms to improve liquidity and reduce interest

- Designing and implementing systems & procedures; maintenance and supervision of accounting function.

- Preparation of financial statements in compliance with the prescribed accounting Standards and other statutory requirements.

- Maintenance of Statutory books of accounts and ensure closure and audit

- Establishing strategic cost management systems / techniques for monitoring various overheads and achieving maximum cost control in operations.

- Tax planning and timely payments of taxes and duties. Perfect documentation in respect of all tax claims to avoid disallowances. Frequent reviews of tax administration processes in I-T, S T & Service Tax

- Periodical review of accounting practices, policies and internal control systems and regular review of important accounting transactions and rectification of errors

- Close monitoring of compliances with various statutory provisions & regulatory requirements

- Planning and coordination for timely closing of Accounts and Audit thereafter

- Periodic review of implementation of Accounting Standards, review of internal, statutory, concurrent, cost, stock Audit reports for rectification

- Preparation of monthly financial reports of the following month for review by Directors / Board

- Review of Treasury, Accounting, Costing etc. procedures to develop and implement manuals and SOPs

- Preparation of MIS reports to provide feedback to top management/ Board of directors on financial performance, viz. operating results, fund management debtors and inventory management and ensuring that all income/expenses are accounted month-on-month for effective comparison of results.

Qualification, Experience & Desired Skills

- Charted Accountant with minimum of 4-6 years, post qualification experience in Power and Infra companies.

- Should have good knowledge of Accounting and taxation

- Should have strong computer skills in Microsoft Excel.

- Should possess good communications skills both oral and written

- Should have ability to work well under pressure.