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Statutory & Compliance Lead

2 months ago

Coimbatore, India Isha Foundation Full time

Dear Candidate,

We are seeking a highly skilled and experienced Statutory & Compliance Officer to oversee and manage the financial and compliance aspects of our manufacturing operations. The ideal candidate will have in-depth expertise in the Factory Act, Gratuity, Provident Fund (PF), Employees' State Insurance (ESI), and Bonus regulations, along with proven experience in a manufacturing environment. This role is pivotal in ensuring accurate financial management and regulatory compliance within our organization.


Key Responsibilities:

  • Regulatory Compliance: Ensure adherence to the Factory Act, Gratuity regulations, PF, ESI, and Bonus provisions. Maintain up-to-date knowledge of relevant laws and regulations and ensure compliance across all areas.
  • Financial Management: Oversee and manage all accounting functions, including general ledger management, financial reporting, budgeting, and forecasting. Prepare and review financial statements and reports.
  • Payroll Management: Supervise payroll processing, including the calculation and disbursement of salaries, bonuses, and other benefits. Ensure accurate deductions and contributions for PF, ESI, and other statutory requirements.
  • Gratuity and Bonus Administration: Manage and administer gratuity and bonus calculations and payments. Ensure timely and accurate compliance with statutory provisions.
  • Audit and Internal Controls: Conduct internal audits to ensure financial accuracy and compliance with company policies and regulatory requirements. Implement and maintain internal controls to safeguard company assets.
  • Financial Analysis: Analyze financial data and provide insights to support strategic decision-making. Identify areas for cost reduction and process improvements.
  • Documentation and Reporting: Maintain accurate and organized financial records. Prepare and submit statutory and regulatory reports as required.
  • Team Management: Lead and mentor a team of accounting professionals. Provide training and support to ensure high performance and professional growth.
  • Stakeholder Interaction: Liaise with external auditors, regulatory bodies, and other stakeholders as necessary. Address and resolve any compliance or financial issues that may arise.

Qualifications:

  • Education: Bachelor’s degree in Accounting, Finance, or a related field. Professional certification (e.g., CA, CPA) is a plus.
  • Experience: Minimum of [7] years of experience as an Accounts Manager or in a similar role within a manufacturing industry.
  • Expertise: Extensive knowledge of Factory Act, Gratuity, PF, ESI, and Bonus regulations. Proven track record of managing compliance and financial functions in a manufacturing setting.
  • Skills:
  • Strong analytical and problem-solving skills.
  • Excellent understanding of accounting principles and financial reporting.
  • Proficiency in accounting software and Microsoft Office Suite.
  • Strong organizational and multitasking abilities.


Interested candidates please forward your resume


Regards,

Priya Rajan