Only 24h Left DGM-Finance Controller
4 weeks ago
The role is responsible for Financial Controllership for the Rs20kcrs MEAL. It includes Financial results preparation, reporting to Corporate, Process Assurance, Cash flow Budget preparation with Audit responsibility for MEAL. The role will also work closely with Corporate and business to comply with Regulations like Related Party Transactions, Company Law Matters, Disclosures, LODR Requirements, CL Schedule, Inter Company eliminations etc.
Key Responsibilities:
- All Corporate Submissions / MIS - Monthly P&L & Balance Sheet / Quarterly Beginning Estimates in Hyperion / Quarterly Tax Estimates where accuracy & timeliness is the crux
- Variance Analysis of P&L & Balance Sheet and providing Explanations about such Variances to Corporate & Auditors. The Variances are at multiple levels (Variable & Fixed Costs Level/ Working Capital Levels / Fixed Capital Levels & at the same time for multiple periods every Month / Quarter & Year End e.g. – Trailing Quarter / YTD Quarter / Budget / QBE / ATE / For the Quarter & Cumulative
- Flashing the Variances in Hyperion with Various Forms to make sure those are available to Corporate for Seamless View and Analysis
- CL Statements preparations / Review / Submissions.
- Audit Submissions / Discussions with Auditors at various Stages / Handling queries till the Board Meeting / Providing satisfactory explanations about business and the Items of P&L & balance Sheet.
- Taking Care of Disclosure Requirements for MEAL and providing the same in Hyperion & to Auditors
- Annual Reports printing as part of in Consolidated M&M Group Annual Report Printing
- Inter Company Eliminations (ICP) to ensure in Hyperion related Trouble Shooting to facilitate Group Consolidation of Accounts at M&M Group Level
- Co-ordinating with Auditors for various Certificates that are required by Govt Authorities / Regulatory Authorities etc. including Certificates in the event of Mergers etc.
- Keeping updated on the Changes in the IND AS which is an Indian Version of ICFR and implementing the same across Auto Sector Recent Examples - Ind AS 115 / Ind AS 116
- CFO Report – Preparation / Reviews and getting Signed from CFO & CEO / JMD / COO
- CFO Certificate - Preparation / Reviews and getting Signed from CFO & CEO / KMD / COO
- Related Party transactions – Pre- Approvals from Board and Reporting Actuals / Ensuring Compliance
- Advice on Accounting / Costing / Legal / VAT / GST Matters whenever required
- Monitoring Controls through COSO Framework. (The COSO Framework is a system used to establish internal controls to be integrated into business processes.)
- Continuous Control Monitoring through the Tool implemented couple of years ago. IFC Testing / Reviews & Co-ordination with Units till the Board Reporting. Internal Audit Reports (CMS Reports) Regulations, Follow Up for Actions and presenting Status to CFO
- UAR & AVM Monitoring & Reviews , Escalations & Follow Ups
- SOD Conflicts Regulation , Reporting and Monitoring
- Ethics Counsellor's Co-Ordinator for the MEAL
- Balance Sheet Budgeting
- Depreciation Forecasts/ Amortisation Forecasts
- Actual Depreciation / Amortisation Comparisons and Reviews
- Seamless Loading of Budgets in Hyperion by using various Forms
- Cash Planning & Working Capital Management & Improvement - Through Monitoring-Monthly Cash flows / Reporting & Roll Over Cashflow
- Cash Forecasts on Monthly & Weekly basis with Iterations
- Daily Cash Planning and Funds allocation at Sector Level / Corporate Slice payment decisions
- Control / Optimum Utilisation of ITC & Authorisations
- GST Accounting at Company Level / Divisional Level
- GST Settlements across Divisions
- Co-ordination with Units for resolving GST mismatches
Qualification & Experience Required:
- CA with at least 14 years of experience
- Knowledge of F&A, Accounting standards, Evaluations, Revenue recognitions, financial statement analysis and projection and other financial concepts
- Keep well-informed of developments and best practices in the F&A field
- Understanding of taxation laws applicable
- Understands the Company Law requirements and keeps abreast of the changes in the compliance requirements.
- Experience in Manufacturing Finance as well as Marketing Finance.
- Worked in Consolidation roles and Financial reporting
- Well versed with GST Laws
- Cost and Material Accounting
- FP&A and experience leading large team(s)
- Understanding business situation and the long-term market dynamics
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