Posted By
Posted in
Banking & Finance
Job Code
942341
- Vendor evaluation and commercial negotiation - capex and related Opex
- Liaising and partnering with project department & IT department on vendor evaluation, commercial bidding and vendor selection process
- Preparing of Commercial Comparatives for Project Tendering & Justification for Final Selection.
- Partner in concluding overall commercial terms and condition with suppliers/Vendors
- Liaising with Legal department for contractual documentation.
- Responsible for identifying cost reduction opportunities with consultation with IT and Project department
- Unit of Economics (UOE) / Budget formation for capex investment
- Liaising with Project department and IT department to build overall capex cost in UOE for proposed restaurant
- Evaluate and validate the capex overrun and get necessary approval documented
- Determine, Monitoring and Evaluate controls and actual spend
- Designing & implementing systems, Standard Operating Policies (SOP- s) for Assets and related spend
- Approve all Purchase orders and invoices for payment
- Track budget vs actual spend through system based budgetary control
- Monitoring Payback/ROI for approved budget and circulate MIS.
- Drive project completion process through three way reconciliation of PO vs HOTO vs Physical assets in stores
- Monthly MIS circulation on capex spend per store, budget vs actual,status on payback, etc.
- Track and monitory Bhiwandi/Project & IT warehouse inventory level and validate Stock Valuation
- Controlling insurance aspect of fixed assets. Ensuring all the assets are appropriately covered under right kind of insurance and timely claim settlement of the loss incurred
- Tracking and controlling over install Assets and its movement
- Monitor and approve inventory movement from project warehouse, existing restaurants and closed restaurants
- Monitor warehouse Stock (Project / IT ) and reconciliation with books
- Periodic physical verification of Assets and reconciliation with books
- Physical Verification of Asset at stores through self-certification and through Third Party
- Physical Verification of Asset at Bhiwandi through self-certification and by self-visit
- Reconciliation of Asset verified vs Asset in books and its impact analysis and reporting
FAR Preparation:
- CWIP Ledger entries scrutiny
- Monitoring Data Entry done through third party for preparation of FAR
- Preparation of Fixed Asset Register based on data entry input
- Preparation of Capital Work in Progress and its reconciliation
- Calculation of Depreciation as per Companies Act and Income Tax Act.
- Fixed Asset Register for Income Tax Records - Preparation of Annexure for 3CD
- Monthly calculation of Depreciation and its accounting entry
- Monthly calculation of Capex Provision and its accounting entry
- Monthly Report to MIS team of Store wise GB and Accumulated depreciation
- Impact of Asset Movement and write off if any in FAR Register.
Stock / Asset Transfer related controls:
- Invoice Preparation for out of state asset transfers
- Control over movement of asset within state and out of state from one store to another.
- STN Register monthly to share with Indirect Tax / Accounts Team for calculation of GST
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Posted By
Posted in
Banking & Finance
Job Code
942341