Sh - Finance & Accounts

**Designation**:Lead

**Updated**:October 10, 2024

**Location**:Maharashtra, India

**Organization**:Century Group HO

Job Purpose: Lead the process of Preparation & closing the Quarterly standalone and consolidated press release in accordance with INDAS, SEBI, Companies Act and other applicable statutes & laws. Managing and Controlling HO Budget and accounts and finance.

Principal Accountabilities:
**Accountability**

**Supporting Actions**
- Prepare & close the Quarterly press release in accordance with SEBI, Companies Act and other applicable statutes & laws including Annual Report
- Ensure the correctness of financial numbers & elimination of inter-company entries as reported by the divisions.
- Prepare & finalise the standalone & consolidated Financial Results, statement of assets & liabilities Cash Flow Statement & Financial ratios.
- Complete the statutory Audit on time.
- Prepare the standalone & consolidated Annual Report
- Timely closing of HO books of accounts and preparation of HO financials
- Close the HO books of accounts monthly including correct provisions & prepaid entries.
- Prepare the HO financial as per agreed dates.
- Complete the statutory Audit on time
- Consolidation of CTIL budget and preparation of HO budget and tracking of the same against actuals on time
- Collect budget data from respective divisions to prepare a consolidated HO budget.
- Track actual expenses and prepare a monthly variance report
- Ensure all payments from HO are made on time and in accordance with the internal policies & statutory compliances
- Pass salary entries in SAP and ensuring timely Payment of salaries to employees & contractor.
- Ensuring statutory payments - GST, IT, TDS, PF, PT etc. are done on time.
- Oversee all accounting & payments related to HO are done on time
- Insurance
- Timely renewal of Insurance (Other than Medical) for all CTIL divisions.
- Keeping record all CD balance of company.
- Coordination with insurance company, broker, and divisions to ensure the renewal of insurance with time.
- Follow up for claim.
- Handling internal audit of HO for Timely closure of Audit & audit observations
- provide data to auditors as per audit requirement.
- Resolve audit queries.
- Finalisation of internal audit report.
- Handle the complete accounting, Tax & secretarial compliances for BCEPL & BCLLC through appointed consultant to ensure compliance with the financial laws of respective country
- Close the books of accounts monthly.
- Prepare quarterly financials and getting the same audited.
- Handling all secretarial compliances including timely MCA filing.
- Ensure timely compliance of Tax audit & transfer pricing.
- Prepare & file APR, FLA for RBI and Federal returns as per US laws.
- Other work
- Oversee the Retirement Benefit operations to ensure compliance with internal & statutory guidelines and preparation & filing of their IT returns on time.
- Consolidation and preparation of CTIL future projection plan.
- Validate financial data to ensure correct financial information is reflected in the Tax Audit report.
- Support the secretarial compliances w.r.t Debentures and financial data needs of the secretarial teams.
- Actively involved in fund raising process through NCD
- Coordinating Credit Rating Agency

Role Challenges
- ** Keeping updates on the changes in accounting and other laws & regulations**:

- ** Constantly aligning processes of multiple entities in a manner that they are uniform across entities and yet implementable.**:

- ** Coordinating with the different division of the Group.**:

- ** **There is continuous need to automate and thus the role needs to explore automation. Also, there are changes in accounting and tax laws that happen from time to time. The role to ensure that the software has incorporated the changed laws to ensure there are no mistakes**

**Qualifications**:
Chartered Accountant

**Minimum Experience Level**:
10-15 Years

**Report to**:
Joint President