Posted By
Posted in
Banking & Finance
Job Code
1349805
Purpose:
- Responsible for all accounting, financial reporting related activities in the region and ensure adherence to financial compliances and best practices
Areas of Responsibility:
Accounting & Internal Control:
- Manage and check trial balance to ensure that assets and liabilities are stated at realizable and payable value and income & expenses are booked in accordance with accounting standards & internal policies
- Conduct annual ICoFR testing and assist in conducting statutory, internal and IFC audit and physical verification; review and mitigate audit observations
- Work towards timely closure of activities and reporting as per the calendar
- Ensure implementation of applicable policies & controls as per business dynamics & environmental changes and suggest changes to make policies more relevant
- Drive regional finance strategies by contributing financial and accounting information, analysis and recommendations
- Conduct periodic review of variances in P&L and balance sheet to ensure compliance in case of abnormalities
- Ensure adequate safe record keeping and developing an efficient retrieval system of all documents
- Ensure adequate insurance cover is taken for all company assets
- Educate region team and ensure adequate internal controls are in place
Receivables Management:
- Define and implement credit norms across market for effective working capital management
- Drive collection and reduce overdue by partnering with the Sales team & corporate affairs. Representation to corporation, wherever required.
- Lead monthly account receivables status update to the Region Head / Zonal Finance Manager / State Finance Control team
- Review credit limit and terms for existing customer in peak period of the year and for new customer by reviewing the assigned quota
- Ensure implementation of policies & process e.g. KYC policies, scheme distribution system & marketing spends for optimum use
- Drive volumes in coordination with Region Head by regular monitoring of credit limits
Compliances:
- Ensure compliances w.r.t company policies and statutory obligations
- Ensure compliance with VAT /GST /Excise /Local laws /Withholding tax and other applicable statutory requirement across region
- Understand and check compliance with all tax/legal requirement to ensure correct billing prices
- Create supporting documents/ process notes which can withstand legal /tax /statutory requirements and ensure an efficient archival system
- Ensure GST /VAT compliance in return filing and audits
- Understand excise policies/LSP (liquor sourcing policy) of all the states under the region & ensure compliance with excise policies
- Standardize reviews and switch to standard template reviews for the region
Business partnering and planning:
- Engage and partner with Region Head to drive P&L delivery and cost optimization through relevant business performance measurement MIS for decision making
- Implement credit & customer management policies to leverage customer's strength to encash market opportunities with manageable risk approach
- Develop and maintain excellent understanding of business & trade terms
- Formulate and drive efficiency projects related to trade scheme, distribution cost and marketing spends and admin expenses
- Partner with sales team for driving efficiencies in liquidation of stock and internal sales related policy formulation
- Partner with pricing and FP&A team for timely updation of MRPs and driving efficiencies w.r.t to price increase and get approval from excise/corporation
- Partner with region head and trade partners to drive maximum ROI
- Ensure timely identification and quantification of business risks and opportunities and share insights to region /zonal team
- Support region head in driving applicable external policy changes (excise policy, LSP- liquor selling policy, GST, TDS norms)
People Management:
- Ensure continuous development and upskilling of the team through various initiatives such as job rotation & skill development
- Ensure timely identification of training needs for the team; plan and organize various trainings in coordination with the HR team
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Posted By
Posted in
Banking & Finance
Job Code
1349805