Showing posts with label Assistant Finance Manager jobs in hyderabed. Show all posts
Showing posts with label Assistant Finance Manager jobs in hyderabed. Show all posts

Friday, October 4, 2013

Assistant Finance Manager

Job Description

Finance & Accounts
1 MIS & Budget

Preparation of monthly MIS.
Assist FM for budgeting & forecasting
Gather all details as required at the time of budget preparation
Working independently for closure of monthly accounts
Identification of key risk areas and mitigating the risk
Completion of Statutory audit, interacting with auditors



2. Commercial

Ensuring all legal & statutory requirements relating to the stores are complied with.

Develop & maintain relationship with Banks/Financial Institutions, Receive & Evaluate new banking proposals.
Compare, review/ analyse all legal agreements including new projects and report to Country Finance Manager
Coordinate with Country Finance Manager regarding budgeting & cash flow management
Provide training/ induction to new joiners in the commercial department on the stock take procedures.

3. Team Assignment

Maintain close liaison and working relationship with Divisional managers in the Dept and and provide support to other Divisions as and when required.

Maintain close working relationship with HR, logistics and IT to monitor various indicators pertaining to Stock, margin, Prices, etc. and resolve all issues.

Maintain close review with Maintenance to keep control of capital expenses and other monthly routine expenses.

4. General & Revenue

To report to the Finance Manager immediately for all deviation or violations of policies & procedures
Review of accounting of sales of all tender types.
Monitoring Daily Cash & bank position for effective fund management. Daily cash flow position, liaison with AP team and forecasting the fund requirement for following weeks, suggesting new Fixed Deposits.
Liaison with banks regarding LCs, Guarantees, deposit rates, bank charges and any other disputes.
Review and monitor all expense postings in the finance software.
Ensuring all provisions are sufficiently provided and schedules updated
Conducting bi- monthly cash audit across all stores and physical cash verification of petty cash weekly and reporting to the Finance manager. Ensuring that the policies are adhered.
Closing of accounts each month and reporting MIS by 2nd of the following month.
Preparation of schedules of all Balance Sheet items including advances, deposits and provisions each month.
Review of Receivable management & Ageing.
Ensure that the Authorization Matrix is followed for LPOs & cheques.
MIS file preparation
Reporting deviations on implementation of policies & procedures to Country Finance Manager.



5. Accounts Payable

To check all supplier payment vouchers before forwarding to Finance Manager for signature and ensure preparation of payments on due date.
Review of monthly commercial MIS. (GM, Rebate, Other income ie; line#9) and comparison study and reporting on variance.
Monthly closing and MIS of various commercial sections including preparation of consolidated presentation for MIS.
Ensuring all terms & conditions are followed as per the Supplier business agreement.
Ensuring all policy and procedures are followed (LPO matrix, stock take)
Any exceptions to normal policy/procedure in connection with A/P to be highlighted immediately to the Country Finance Manager.
Ensure 100% half yearly reconciliation of "suppliers balances"
Analysis on Landing Costs for all imports suppliers.
Salary:
Not Disclosed by Recruiter
Industry:
Banking / Financial Services / Broking
Functional Area:
Accounts, Finance, Tax, Company Secretary, Audit
Role Category:
Finance/Audit
Role:
Finance/Budgeting Manager

Desired Candidate Profile

 Education:                  
UG - Any Graduate 
PG - CA 
Doctorate - Doctorate Not Required
Please refer to the Job description above

Company Profile

Samy Enterprises

 


 
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