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Asst General Manager- Finance & Accounts

Keywords / Skills : US GAAP Accounting

10 - 19 years
Posted: 2019-06-11

Industry
Plastic/Rubber
Function
Finance & Accounts
Role
Chartered Accountant (CPA)
Education
Chartered Accountancy (CA)
Posted On
11th Jun 2019
Job Description
1. Maintain up to date accounts as per US GAAP
2. Finalization of Accounts
3. Monthly Reporting (MIS) to the management including Variance Analysis
4. Controlling activities
5. Costing & Budgetary Controls
6. Taxation – Federal & State
7. Coordination of Audits
8. Working Capital Management
9. Treasury Management including Forex management
10. Documentation of business processes & strengthening of systems & controls
11. Management of Payroll, 401(k), Employee benefits processes
12. Support Information Technology (IT) services and activities
13. To regulate, supervise and implement a timely, full and accurate set of accounting books of the Corporation reflecting all its activities in accordance with US GAAP and Corporate policies and procedures.
14. Manage all accounting operations including Billing, A/R, A/P, GL and Counsel, Cost Accounting, Inventory Accounting and Revenue Recognition
15. Management of Accounts Receivables & Accounts Payables.
16. Responsible for the monthly financial closing of the Company including analysis, reporting and communication of the financial results to the management.
17. To submit MIS to the management in a timely manner.
18. To implement an adequate system of accounting records, and a comprehensive set of controls and systems to monitor the performance of the company, its flow of funds, the adherence to the budget, the expenditures, the income, and other budgetary items.
19. Develop and document business processes and accounting policies to maintain and strengthen internal controls
20. To prepare and publish an Annual Budget and financial forecasts of the Corporation & report variances to the Management.
21. Analyze actual results against the budget & report variance analysis explaining the variances.
22. To provide the Product Costing for all the products manufactured by the Corporation, provide Contribution analysis for all the Products.
23. Interact with Plant & communicate the results on the Plant cost analysis to the Plant team. Participate & contribute in process improvement & cost reduction initiatives.
24. Tracking of improvement projects & working out the Payback calculations for capital investments.
25. To review product pricing & gross margins for each customer & each product segment on a monthly & quarterly basis.
26. To prepare Cash flow forecasts for the short term & long term financial plans.
27. To maintain a working relationship and to develop additional relationships with banks, financial institutions with the aim of securing the funds necessary for working Capital requirements & other long term plans of the Corporation.
28. Assess credit limits for customers after review of financial statement, credit reports and other financial information of the customer and based on the credit policy of the corporation
29. Responsible for accounting, tracking & maintaining of fixed assets records.
30. Monitoring Forex transactions on a daily basis.
31. Manage and comply with local, state, and federal government reporting requirements and tax filings
32. Coordinate the preparation of regulatory reporting and filling
33. Support in year-end activities and on audits - statutory , Internal audits and other compliance requirements
34. Responsible for safeguarding the assets of the business through internal control, internal auditing, and timely financial analysis and reporting
35. To compile & participate in preparation of business plans, feasibility studies, investment memoranda and all other financial and business documents as may be required from time to time.
36. Manage, Direct and Develop accounting & finance team
37. Lead the team to deliver high quality output every day. Ability to build strong working relationships across this leadership group to enable interactive, proactive actions in all areas affecting the operating results.
38. Hands on involvement in day-to-day activities by developing an in-depth understanding of the process, applications & tools.
39. Additional duties as required.
40. Responsible for effectively managing the corporate compliances along with all the secretarial activities. Work closely with legal and secretarial team on regulatory, policy and other legal issues.
41. Ensure all legal compliances related to financial laws, business laws, employment laws, filling returns, permits, renewal of permits, under various applicable laws.
42. Develop annual legal compliances calendar and monitor the same on monthly basis.
43. Maintaining statutory register and records of the company

IT:
1. Manage information technology and computer systems
2. Ensure technology is accessible and equipped with current hardware and software
3. Develop and implement policies and procedures for electronic data processing and computer systems operations and development.
4. Maintain current and accurate inventory of technology hardware, software and resources.
5. Manage ERP and projects, milestones and budget, organize and oversee activities related to data migration, end user training, and local configuration of the ERP environment. Report writing, testing, documentation, and third party interfaces.
6. Establish and maintain all necessary information technology procedures and ensure that all systems are supported by the necessary documentation and manuals.
7. Monitor the implementation of IT projects to ensure that all targets are reached and that the overall project is completed in accordance with agreed timescales and cost.
8. Develop and maintain the information systems budget to ensure that expenditures is accurately forecasted and kept within agreed limits.

Payroll & Benefits:
1. Work closely with the firms supporting in payroll processing, employee benefits and 401(k) plans.
2. Involved in selection process and negotiations with all the employee benefit firms.
3. Help in selecting employee benefit plans / insurance carriers
4. Monitor and control 401(k) activities/compliances with the help of financial advisor
5. Ensure the payroll processing is on time, help and guide plant HR resource in addressing employee concerns if any related to employee benefits, payroll, and 401(k).


Key Skill(s)

About Company

Garware Bestretch Limited, established in the year 1994, is a pioneer and world’s premier manufacturer of latex and latex-free Elastic Rubber Products.
The Company has its own state-of-the-art Manufacturing facility in India where products are made using premier quality of natural and synthetic rubber. The facility meets the highest quality, hygiene and safety standards and with consistent demonstration of outstanding performance, it has bagged a host of domestic and international awards and accolades.
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