Senior Accountant – Manufacturing – CA

Purpose:

– This position is responsible for handling key areas of Financial accounting and monthly reporting of the company.

– It would be a part of the financial decision support system, to help management make important business decisions.

– It also supports external and internal audits by preparation of financial information and statements as per applicable GAAP, liaising with them as necessary.

– Active participation in rolling forecasts and annual budgeting activity is an additional area of responsibility.

Nature of the Position:

– This position is that of an individual contributor reporting directly to the Finance Controller.

Key Result Areas:

1. General Ledger:

– Strong experience in the complete GL accounting cycle, including Accruals, prepayments, allocations and adjustments.

– Ledger Control, all ledger balance reconciliation with Trial balance.

– Leading month end closing like proper provisions at month end and review of actual against provision.

– Trial Balance Review and periodic deep dive.

– Responsible for cost trend movement MOM and specify the reason for such variances with the help of a cross functional team.

– General ledger maintenance and reconciliations. P&L analysis.

– Consolidation of monthly, quarterly and annual accounts at VIL and VRIPL level.

2. Corporate Responsibilities:

– Responsible for month end closure activities, monthly financial account submission under IFRS GAAP in Controller as per time-line set by Group or Local Finance.

– Periodic (Quarterly and Annual) consolidation of accounts as per Indian GAAP.

– Consolidation and closure of Tax accounting as per Indian GAAP.

– Preparation of Board Meeting Presentation and analytical review of quarterly or annual financial results for P/L and Balance Sheet.

3. Fixed Asset Accounting:

– Carry out capitalization, Deletion, Carry Over of capital expenditure. Establish capital commitments and prepare relevant reports.

– To keep an eye for any cost overrun and warn the stakeholders in advance.

– Post Capex Review and analysis.

4. Financial/MIS Reporting (Monthly):

– Conducting monthly cost review meetings with stakeholders before closure of financial results.

– Support the preparation of management presentations, monthly MIS reports of financial results with variance analysis.

– Effectively use the Business Intelligence tools for reporting and analysis.

– Prepare monthly Balance Sheet review report with schedules, sub-schedules and movement analysis and submission to Group as per time line.

5. Handling Audit (Internal/Indian Accounts/Statutory/Tax Account Audit):

– Ensure or carry-out preparation of relevant audit schedules and financial details as required for Statutory Audit, Group Audit.

– Provide the necessary details of the business transactions for audit as per the format given by the Statutory and Tax Auditors.

– Respond to the Audit queries on time with proper analysis, prepare audit defence as necessary.

– Completion of Analytical Review for quarterly, annual and tax accounts to enable timely closure of statutory audits.

– Ensure completion of the audits within the prescribed timelines.

6. Inventory Analysis:

– Responsible for managing and control inventory for all Business Units.

– Monthly review of aged inventory, MOM inventory movement analysis with cross functional stake holders.

– Monthly review with senior leadership team. Analysis of inventory on ageing, slow moving etc and identifying stock discrepancies and corrective actions.

– Ensure monthly or periodical physical count of inventory across plants, warehouses and Site as per requirement of MFC (Minimum Financial Control).

– Leading inventory audit and control as and when required.

7. Digitalization Initiatives:

– Process improvement and automation initiatives. Lead training and capacity building initiatives. Build and strengthen stakeholder relationships.

Qualifications:

– Chartered Accountant.

Experience:

– Min 4+ years of Post-qualification experience in handling Accounting Activity in a mid-sized entity (mainly Manufacturing background).

Knowledge:

– The position requires knowledge and understanding of Year-end Finalization of Accounts, Accounting Procedures, Financial Management, Accounting Concepts, Fixed Asset Capitalization, Banking Operations and Forex Transaction.

– Knowledge on making presentations is desirable.

Competencies Required:

– Functional/ Technical: Strong business acumen and Domain Knowledge, Stakeholder relationship management, governance, risk and control, Analytical Reasoning.

– Behavioural: Demonstrates professionalism and ethics, Teamwork, Flexibility and adaptability, Strong interpersonal skills, A commitment to accuracy, Working under pressure.