GRASIM INDUSTRIES LIMITED

2 weeks ago

mumbai, India GRASIM INDUSTRIES LIMITED ( ADITYA BIRLA GROUP) Full time

Job Purpose

1) To prepare Corporate Finance Division (CFD) Financials/CMIS on monthly basis and ensuring quarterly closing with audit clearance.

2) Ensuring and monitoring Expense against Budget and reporting of variances.


Job Context & Major Challenges

Major Challenge is to remain highly vigilant with respect to expenses being incurred as any deviation wrt. Budget has to be reported at the earliest. The tight schedule of closing are to be adhered to which requires liasioning and information gathering from departments within CFD and outside. CFD Financials are the trigger point as to where action needs to be taken hence to be prepared with utmost care as it is reviewed by Senior management. CMIS to the Group Corporate Finance (GCF) is an important document which provides the actual results of CFD to the group.

Documentation across CFD is under safe custody and being the controllers have to ensure that all documents are in place and secured.


Key Result Areas

1) Financial Statements & MIS - Preparation of Financial Statements and MIS, including submission of data/documents to the Auditor.

2) Budget/Forecasting - Preparation of working/data as required for Annual Budget. Comparison of Actuals with Budget which also includes variance analysis.

3) Investment Accounting - Recording of transactions related Investment such Purchase and Sale of Shares, Mutual Fund, Fixed Deposit, Loans & advances and so on including recording and reconciliation of Income generated from the Investment. Raising of Debit and Credit notes on the other units.

4) Accounts Payable - Recording and Processing of vendor invoices within due date which includes checking the vendor agreement, relevant approval for payment and compliances related GST, TDS and so on.

5) Taxation - Preparation of working/data as required for the following.

  • TDS Payment and Return
  • Income Tax Return
  • Advance Tax Calculation
  • Income Tax Notice
  • GST Payment and Return
  • GST Audit

6) Invoicing - To raise Invoices for Rent Income which also includes checking the relevant agreements, doing regular follow up with the customer for the collection.


Additionally, work on automation of system and processes and custodian of all Important Agreements, Share Certificates and other documents.

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