Director of Finance And Accounting
2 weeks ago
Lead the Finance & Accounts function of the business, thereby ensuring availability & optimum utilization of funds, cashflow & effective risk management.
Ensure maintenance of accurate accounting data & timely compliance, as per the expected laws & regulations.
Responsibilities:
Budgeting & Forecasting
Along with the CMD & ED, undertake the process of budgeting and financial forecasting.
Analyze expenditure variances as against planned and apprise the Managing Director in case of deviations, for initiating the corrective actions.
Liaising
Liaising with & negotiating terms with banks for arrangement of funds.
Coordinate with the bank authorities regarding loans & other requirements.
Statutory Compliances
Ensure timely compliance with all statutory and regulatory authorities including ROC compliances.
Preparing quarterly performance reports & sharing the same with the shareholders.
Avoid legal challenges by understanding current and proposed legislation. Implement the accounting regulations.
Check the bills to comply with local stipulations of finance, tax and relevant legal provisions.
Monitor GST Returns - GSTR 1, GSTR 3B and Annual return; reconciliation of Input Tax Credit.
Monitor TDS compliance, deduction and monthly payment, preparation and submission of TDS returns.
Financial Monitoring & Reporting
Keep a tab on the project-wise expenses & receipts.
Work closely with the Executive Director for managing cashflow.
Monitor day to day accounting (including accounts payable and accounts receivable) for all group offices.
Reconcile Accounts Receivable, Accounts Payable including ageing analysis.
Confirm financial status by monitoring revenue and expenses; coordinate the collection, consolidation, and evaluation of financial data; and prepare reports as required by the Managing Director.
Prepare various monthly/quarterly/annual reconciliations.
Coordinate for audit completion - Statutory Audit and Internal Audit; submission of data related requirement co-ordination with auditors.
Work on tax saving initiatives / ideas.
Prepare monthly MIS reports
Leading the team
Lead the Accounts team to build a culture of timely, accurate & efficient work deliverables.
Mentor team members and help them to improve their accounting knowledge.
Screen & hire suitable candidates for the Accounts positions.
Ensure handholding & training of the new hires.
Qualification
CA
Experience
Minimum 15 years of which at least 5 years in Senior Management Position
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