Taxation Head, Costing Head, Accounts Head, Audit Head

Accounts Head, Taxation Head,Audit Head, Costing Head - Multiple Opening (Manufacturing Industry only 1000+ CR Turnover Handling Experience)

Qualification -CA /ICAW with 10+yrs Exp Post Qualification

Responsibilities:

• Monthly and Annual Accounts, internal and Statutory Audits finalization including consolidation
• Fundraising, Trade finance and preparing for raising Private Equity and IPO
• Banking and finance cost optimization
• Direct and Indirect taxes
• MIS & Cost controls
• Secretarial and legal matters
• Regular plant visits and interaction with Plant teams
• Exports matters concerning DGFT and interaction with Export Promotion councils on an Industry matter
• Also actively participate in IT and SAP optimization and functionality enhancements
• Preparation of Financial Statements Standalone and Group companies, group consolidation.
• Quarterly Limited review- Standalone and Consolidated.
• Internal, ICFR, and Statutory Audits
• Cash Flow Planning and Management and compliances with investors and ARC
• ARC reporting and compliances
• Due Diligences for investors and compliances
• Accounting and Audits of Standalone and Group companies, group consolidation. Quarterly Limited review- Standalone and Consolidated, Internal Audit. Listing agreement compliances.
• Finance Planning and Funds Raising Part of the team, from banks Projects loans, Corporate Loans, and Working capital loans. Due diligence for Private Equity, Preferential allotment, and QIP.
• Direct and Indirect Taxation planning, management, and compliances.
• MIS and Budgeting introduced various MIS Reports and developed the budgeting system for controls, monitoring, and risk management.
• Secretarial matters actively interact with the secretarial team for filings and listing agreements, Audits, and other compliances.
• Commercial, Legal, Administration, HR, Insurance, Risk and compliances management key contributor in planning, execution, and compliances
• Finalization, Consolidation, and Completion of Statutory Audits of Accounts of group companies. Internal audit Compliances.
• Financial Planning and Funds raising for Projects under Implementation.
• Direct and Indirect Taxes planning, Management, and compliances
• Budgeting, MIS Reporting, and internal controls.
• Coordinator for SAP(ERP) implementation for Real Estate Group Companies.
• Corporate laws and Secretarial Compliances for Group Companies.
• Assist in legal Compliances including preparation of Shareholders Agreements and MOAs/MOUs etc.

FINANCE & TREASURY

• Arranging long term funds debt and equity
• Raised the fund through the preferential issue, private equity and Rights issue, and term loan.
• Arranging short term capital funds for working capital and documentation thereon and renewal of working capital funds from banks under consortium.
• Analysis and requirement of the working capital fund and non-fund based limits and Preparation of CMA for Working Capital funds.
• Coordinating with Banks for LC and Bill discounting.
• Assisted in preparation of a Business plan of the Company.
• Presentation and Review of monthly MIS reports.
• Analysis of the performance of sales and production
• Reviewing Quarterly Results and yearly results
• Implemented the SAP system with a team of professionals
• Estimates and preparation of budgets

BUDGETING AND COSTING

• Cost Audit
• Preparation of Profitability Statement of various Marketing Division
• Analysis of the performance of various plants of the Company.
• Co-ordination of data and presenting the same for review meeting by Directors
• Actual costing of Products along with value addition of products.
• Reply to NPPA.
• Filling and filing the form to NPPA
• Stock valuation of various factories.
• Stock summary of Company as a whole.
• Helping MIS in preparing the reports.

FINANCE & ACCOUNTS:

• Preparation of Project Report for Group Companies for finance from Banks.
• Preparation of projection on Accounts.
• Assisted in External Commercial Borrowing (ECB) and Foreign Currency Convertible Bond (FCCB)
• Co-ordinating with the various bank for Working Capital funds.
• Co-ordinating with investment consultants for making investments in group companies.
• Preparation of Annual Accounts of group companies and audits
• Filing of the balance sheet with ROC and Income tax department.
• Preparation of Annual Return and filing the same with ROC.

TAXATION:

• Computation of income tax for group Companies.
• Assessment and computation of Advance Tax payable.
• Filling of income tax returns of group companies.
• Co-ordinating with the Tax Auditor for obtaining the Tax Audit Report and submission of various details on a tax audit.
• Tax planning on merger and amalgamation
• Obtaining the CA certificate of Tax deduction at source for remitting the funds outside India.
• Preparation of various details on assessments of tax.
• Drafting reply to be given to tax authorities.
• Drafting appeals to be filed with Commissioner (Appeal) and ITAT.

SECRETARIAL, SEBI, AND STOCK EXCHANGE :

• Maintenance of Minutes of AGM/ EGM and Board Meetings.
• Drafting Agenda and Resolutions for a board meeting of SPIL.
• Preparation of Directors Reports, Corporate Governance.
• Co-ordination with Secretarial Auditors in Compliance Audit.
• Filling and filing various forms with ROC and Stock Exchange.
• Assisted in holding in AGM/EGM of Sun Pharma.
• Amalgamation/Merger of group companies.
• Listing and De-listing of Securities from various Stock Exchanges.
• Compliance with the procedures under the Companies Act.
• Buyback of Shares as per SEBI Guidelines.
• Uploading Quarterly and Annual Results of Company at SEBI site.

LEGAL:

• Filing of Case with the help of Advocate in the matter of dishonor of cheques.
• Filing of the petition in High Court for amalgamation, and various affidavits.
• Drafting Appeal in Excise and Custom maters
• Drafting various deeds and power of Attorney.
• Applying for Trade-Marks with help of advocates

Head Taxation

Indirect Tax

• Preparing & filing monthly GST Returns.
• Preparing GST Recon i.e. GSTR-2B, ITC ledgers, Sales, E-invoices etc
• Scrutinizing GST Blocked ITC as per Section 17(5) of CGST Act & their ITC reversal in books/return.
• Reviewing monthly trial balance, P & L Account for checking & finalizing Sales, Income, Purchases, GST liability, ITC receivable, RCM GLs for GST return.
• Suggesting /advising management on various legal provisions under GST & their impact on business.
• Supervising operational activities & accounting system to check loopholes and mistake & suggesting management for improvements and providing proper solutions as per law.
• Calculating GST ITC Reversal under Rule 37, Rule 42 & Rule 43 of CGST rule & their effect in returns & book. Handling; GST Amendments on portal, DRC-03 payments, LUT, GST Refund application.
• Looking after regular tracking of Export IGST refund from Custom Dept. & preparing their reco.
• Working on ICEGATE website for Import Export activities & Export refund tracking.
• Preparing Tax planning / Forecast report for management, indicating future estimated GST liability, ITC availability, projected IGST Refund on Exports. Intimating management & Sales team to do Export with payment of Tax or without payment of Tax as per estimated GST working.
• Replying on various GST issue raised by factory staff & office Staff & management as per Law.
• Co-coordinating with SAP team for- ledgers/reports related issues, accounting queries and follow-up for getting issues resolved. Suggesting SAP team for required report which helpful for GST compliances.
• Implementing proper GST system i.e Accounting, Billing, Purchases Accounting, E-Way bills, E-Invoices.
• Replying & Visiting GST departments for all kind of issues/Notice/Showcase notice or submission of details as per departmental requirement.
• Preparing data for GST Annual Return Form-9 & 9C i.e., Data preparation, Turnover Reconciliation with books & Form-9, resolving auditors queries, matching returns data with P&L Ac. & annual return.
• Handling GST Audit U/s 65, GST Investigation, ASMT 10 Notices. Handling GST Appels. Preparing ground of appeals.
• Supervising Purchases accounting & ensuring all monthly purchase bills get booked in SAP.
• Supervising Export Promotional Schemes i.e. Advance Licenses
• Preparing & filing Profession Tax returns. Handling PT Assessment.

Direct Tax

• Supervising monthly TDS TCS, their Calculation & Payment. Filing quarterly TDS/TCS return.
• Handling TDS-TCS GL ledger reconciliation.
• Assisting Sr. Manager in calculating Advance Tax, Computation of Taxable Income of company.
• Co-coordinating with statutory auditor for audit closing & filing of Income Tax Return.
• Preparing Tax Audit Annexures in Form 3CD & preparing data for Statutory Audit.
• Tracking Income Tax notices, preparing IT assessment details & tracking of assessments status.
• Handling Directors personal accounts, their investments & filing of their income Tax returns.

Accounts & Finance-

• Handled day-to-day accounting operations, monthly accounts closing & yearly accounts finalization.
• Supervised daily sales, purchases, expenses, Vendors bill booking & their payments, Petty Cash payments, Cash collection towards website sales (COD & Bank), Processing conveyance/travelling voucher of Managers & other employees & their payments, Cash collection towards retails outlets/showrooms. Incentive calculation for Sales persons. Tracking of advances to Vendors & Employee & their recovery. Monthly recurring expenses & monthly Provisions Entries.
• Handled monthly Inter Branch reconciliation & their settlements. Prepared Cash Flow Statement.
• Handled inventory management. Periodically physical stock verification at Warehouse. Look after allkinds of Warehouse activities i.e., Goods Transportation, staff management, Storage space etc.
• Looked after Fund management for Creditors, statutory liabilities, expenses.
• Looked after Debtors & Creditors management. Daily supervision of receivables & payables accounts.
• Involved in preparing annual Budget. Looked into periodically budget control, cost control.
• Preparation & extracting of monthly P & L A/c & Balance Sheet. Preparing monthly MIS, andrelated annexures, statements, reports with comments.
• Handled Internal Audit and provide feedback & comments on their queries and objections.

AUDIT HEAD---

• Risk Based Audit:
• Prepare RCM (risk control matrix) for the risk based / ad-hoc request received from management. Conducting periodic audits / review of various functions of the organization i.e. marketing, commercial, Human resources, admin departments.
• Follow up Audits:
• Conducting follow-up audits of the High & Medium categorized observations as per the timelines provided by the stake holders.
• Periodic Presentations:
• Preparing yearly presentations on the audit coverages, major observations, trend of the repetitive observations, major focused areas of improvement. Also, helping reporting managers to preparing presentation for various periodic review.
• Fraud Investigations

Performing fraud investigations for the cases reported to the regional governance committee. Tracking the end to end modus operandi of the fraud. Providing recommendations for the loopholes identified

COSTING HEAD - --

Working Knowledge:

1. Analyze manufacturing costs and prepare regular reports comparing standard costs to actual production costs. Make estimates of new and proposed product costs. Provide management with reports that specify and compare factors that affect prices and profitability of products or services.

2. Problem-solving and strong analytical abilities

3. Developing cost standards for materials and labor.

4. Designing and implementing cost accounting systems.

5. Analyzing production costs and recommending changes.

6. Overseeing annual physical inventory.

7. Training and supervising cost and inventory accounting staff.