Financial Controller

Location: Delhi, IN- Company: Delhi Intl Airport Ltd**JOB PURPOSE**:
Responsible for timely and accurate billing to all Aero and Non-Aero customers. Ensuing no revenue leakage and realization of dues as per agreement with customers. Reconciliation of customer accounts, redressal of their issues and support to commercial department to ensure accelerating realization of dues.

Handling PF Trust accounts including investments.

**ORGANISATION CHART**:
**Accountabilities**

**Key Performance Indicators**

**Revenue Billing**: Ensuring Timely Billing of Aero, Non-Aero Revenue, Utility charges and ensuring no revenue leakages & delay in billing and invoices are dispatched as per timelines set by the management.
- Ensure billing is done as per agreement terms.
- Ensure to reach all invoices to respective customers well within the timelines.

**Receivables**: Ensuring effective Receivable Management and support to commercial department to ensure accelerating realization of dues.
- Ensure all receipts are updated and clearing is done immediately.
- Providing non-moving debtors details to commercial for taking corrective action.
- Providing SD received and receivable details to commercial to collect shortfall, if any.
- Computation of interest on delayed payment as per credit policy.
- Reduction in Debtors Turnover days.

**Audits**:Ensuring timely completion of DF, Revenue & Internal audit including replies thereof. Taking corrective action on the findings and bring efficiency in operation.
- Ensure revenue audit is started immediately after Board meeting and completed within 15 days and repost is issued immediately.
- Monthly DF audit is started within 15 days and closed
- No adverse comments from Internal Audit..

**TDS**: Ensure most accurate projections of revenue for LTDC in order to avoid any excess payment of tax.

Ensuring timely collection of TDS certificates from customers and reconciliation of TDS Receivable, TDS Certificates received, and 26AS
- Identify customer wise stream wise projected billing by interacting with internal stakeholders.
- Ensure 100% certificates received before filing tax audit return.

**KEY ACCOUNTABILITIES**:
**Service Tax**: Ensure accurate Service Tax liability is computed on total billing including other recoveries on monthly basis. Ensure preparation of data for filing service tax returns by compliance team.
- Non-compliance reported.
- Timely filing of Service Tax return.

**Other Receipts:

- **Ensure proper accounting of other recoveries such as AEP, ADP, TVP, Bio Metric, Labour entry and Fire training etc at Airport and ensuring service Tax compliance on such recoveries.
- Ensure receipts are submitted to Finance by respective teams and accounted in the same month.
- Reconciliation between receipts issued and amount accounted under different heads.

**BG**:Monitoring BGs issued by customers and ensuring timely renewal of expiring BGs and invocation of BGs wherever required.
- Ensure BGs are enhanced as per revised projected aero billing.
- Ensure sending BG expiry alerts to Commercial for taking necessary action.
- Taking confirmation from Banks that the BGs are signed by Authorised signatory of Bank
- Ensure timely invocation of BGs

**Customer Reconciliations**:Ensure sending periodical balance confirmation to all customers and reconciliation thereof, attending customer queries, escalating issues & suggesting resolution of disputes.
- Details of reconciliation shared to customers and commercial dept.
- Sign-off customer reconciliation.
- Ensuring continuous reconciliation with all major customers like Air India, JVs which contributes more than 75% of total debtors.

**MIS**:Ensure complete MIS related to Revenue and Receivables
- Customer-wise and stream-wise revenue matching with financial groupings.
- Weekly Debtors ageing for management reporting.
- GCM/CEO ATRs

**Process Improvements**:Identify the scope of improvements in various existing processes and ensure the implementation with help of SAP and others.
- Customization of SAP reports.
- Ensure one Kaizen is for each employee.
- Implementation of CIPs
- New conditions in SAP RE contracts

**EXTERNAL INTERACTIONS**:
**External - **Roles you need to interact with outside the organization to enable success in your day to day work

Interacting with Airlines and concessionaries for account related issues.

Interacting with external auditors.

Interacting with Airport Authority of India for Revenue audit related issues and other issues, if any.

**INTERNAL INTERACTIONS**:
**Internal - **Roles you need to interact with inside the organization to enable success in your day to day work

Interacting with Commercial team for updating contracts, sales, rental objectives in SAP to ensure billing.

Interacting with Compliance team for tax related issues.

Interacting with Legal team for Legal related issues.

Interacting with SAP team for process improvement.

Interacting with Management Assurance Group for internal audit rela