Deputy Manager - Finance mUI&Ca_553

Job Description

Job purposetThe Deputy Manager - Finance is to manage all the Finance Department Functions like Financial Accounting, Budgeting/Forecasting, Costing, Treasury Management, Maintenance of Accounts Payables/Accounts Receivables records, Statutory Compliance, Investment Controls and to ensure adequate Systems and Controls are in Place. Also to ensure timely submission of MIS Reports and to facilitate timely decision making.
• Ensure Maintenance of Accurate Financial Accounting Records
• Ensure proper records are maintained for Accounts Payables and ensure that a process is established for generating the AP Age-wise report and all Vendor Payments are released without any delays.
• Support for Statutory and Tax Audit and ensure timely completion of Audits.
• Ensure proper maintenance of records for Excise, Customs, Service Tax, VAT and other Indirect Taxes.
• Compute Advance Tax Liability and make the payments before due Dates.
• Ensure all Returns (Income Tax, Sales Tax, Excise & Service Tax ) are filled with in Due Dates
• To conduct internal audit with other departments and ensure to closure of the open points.
• Ensure Maintenance of Accurate Financial Accounting Records
• Ensure proper records are maintained for Accounts Payables and ensure that a process is established for generating the AP Age-wise report and all Vendor Payments are released without any delays.
• Support for Statutory and Tax Audit and ensure timely completion of Audits.
• Ensure proper maintenance of records for Excise, Customs, Service Tax, VAT and other Indirect Taxes.
• Compute Advance Tax Liability and make the payments before due Dates.
• Ensure all Returns (Income Tax, Sales Tax, Excise & Service Tax ) are filled with in Due Dates
• To conduct internal audit with other departments and ensure to closure of the open points.
Treasury Management
• Ensure the Funds are Managed properly. Forecast all the Regular Vendor and Capital Payments accurately and ensure timely payments.
• Ensure proper financial planning and utilize excess funds to make short term Fixed Deposits in Banks.
• Maintain Banking Relation-Ships
Budgeting & Forecasting
• Manage the preparation of the companys Monthly Forecast and Annual/LRP budget.
• Ensure accuracy in Forecasting/Budgeting of Income Statement and Balance Sheet.
• Co-ordinate and assist all other Functions for providing accurate information for Budget and Forecasting
• Report to management on variances from the established budget/Forecast, and the reasons for those variances
Reporting
• Ensure timely submission of correct Actuals/Forecast/Budget Report to the Global Management Team
• Ensure timely submission and proper analysis of all the MIS Reports to the Management
Costing
• Responsible for preparation of Cost Models for new RFQ and assist Sales Team in quoting to the Customers.
• To Involve in existing business Pricing decisions (AIF, etc.,), work out the Currency & Commodity Impacts and give necessary analysis to the Company Team.
• To Work with Program Manager/Sales Team/Engineering Team for updating any Cost Models for Local/Global Management Review.
• Responsible to prepare Risk Strategic Management reports for New Capital Appropriation requests.
Systems and Controls
• Ensure proper Systems and Process are in place for all Financial Transactions and adequate controls are in place.
• Ensure all the Group/Corporate Policies are followed by the Company and in case of Deviations, the same to be reported to the Management.
• Determine work procedures, prepare work schedules and expedite workflow within the Finance Department.
• Ensure that key controls required for Sarbanes Oxley compliance are monitored and adhered to.
Team Management
• Should be good Team Leader and ensure smooth functioning of the Finance Team.
• Build an effective Team to ensure proper functioning of the Finance Team.
• Maintain Team loyalty to the Company and improve Team Morale.
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Keyskills :
miscustomer servicedocumentationfinanceinsurancesales taxtax auditservice taxadvance taxcost modelsinternal auditfixed depositsvendor payments