Virtuous Retail - Senior Manager - Finance & Accounts

Senior Manager - Finance & Accounts

Qualification :

- CA with 5-6 Yrs of Experience.

Job Purpose :

- The position will be responsible for spearheading and managing finance and accounts function at the shopping center, ensure compliance and essential financial reporting.

Principal Accountability :

- Formulating process / procedures and Budgeting

- Design SOP for finance and accounts function

- Forecasting financial operating budgets, conducting variance analysis and reporting

- Accounts Receivable, Accounts Payable and Purchase

- Oversee timely raising of the vendor invoices (receivables), collection and revenue reconciliation reports

- Conduct credit checks on all vendors, establish and manage limits

- Make necessary recommendations to improve quality of invoicing, time lag and collection procedures

- Weekly reporting of invoicing totals/cash receipts/invoice adjustments etc, debtors ageing analysis

- Prepare weekly & monthly MIS for controlling of debtors & expenses, prepare debtors ageing & follow-up for payments

- Prepare reports and analyzes trends in cash collection, and direct bill revenue

- Ensure timely processing of the vendor invoices and others (payables)

- Ascertaining the fund requirements after careful analysis of budget and plans; defining disbursement plan based on functional requirements

- Approve all Manual Check Requests (MCRs) and payables for accuracy

- Oversee daily cash management

- Oversee proper accounting entries / posting are passed in the ERP (Yardi)

- Oversee reconciliation of bank, debtors & creditors, handling of the staff imprest and advance payments

- Oversee GV purchase and inventory, ensure all purchases are as per SOP

Statutory Compliance and Audit Management :

- Managing timely preparation and presentation of statutory books of accounts ensuring conformance to regulatory accounting standards

- Maintenance of statutory books of accounts in compliant with Indian and US GAAP in compliance with all local and VR Corporate accounting requirements

- Ensuring timely filing of returns such as TDS, Service Tax, Income Tax and Professional Tax as per the relevant acts & interfacing with Tax Auditors and regulatory authorities for assessments and remittances

- Track and manage ongoing direct & indirect tax assessments in co-ordination with local tax consultants

- Keeping track of all applicable statutory registration and ensure timely renewal of the same wherever applicable. VAT, Shops and Establishment etc

- Ensure timely submission of the essential reports to the Bankers

- Manage internal & external audits - Statutory audits, US GAAP audits and Tax audits

- Oversee Asset management

- Oversee general insurance management for the shopping center

- Ensure timely resolution to the red flags raised in the audits and necessary reporting to the management

Financial Reporting :

- Ensure monthly closing of the financial records and necessary reporting

- Managing timely preparation and presentation of financial statements, annual reports and ensure conformance to regulatory accounting standards

- Present periodic financial statements through Balance Sheet account & P&L account review and reconciliation to identify and manage risks

Reports : Debtors report, CAPEX, OPEX, Asset management etc.