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Strategy Planning and Management Establishes and executes programs for the provision of the funding and capital required by the business including negotiating the procurement of capital and maintaining the required financial arrangements Coordinates the long-range plans of the company assesses the financial requirements implicit in these plans and develops alternative ways in which financial requirements can be satisfied Prepare manage monitor the cash fund flow working capital management for the company periodically Ensures the maintenance of appropriate financial records and preparation of required financial reports as and when required To manage the cash-flow position of the company Responsibility includes authority to establish credit and collections and purchasing policies and to establish schedules for the payment of bills and financial obligations Manage Monitor bank accounts and banking relationships maintains relationships with financial institutions Liaising with the Banks Financial Institutions for the existing credit facilities loans bank guarantees Preparation of documents for renewal enhancement of Banking Limits i e CMA Credit Monitoring Analysis and projected financial Statements as and when required Evaluate financing options and select the most appropriate one for the company s needs To study and get the benefits under various incentives benefit schemes of governments applicable to our line of business industry Supervising the monthly preparation of WIP and Debtors Statement for calculation of drawing power Submission of data required by Banks Financial institutions Monitor Material accounting and prepare monthly quarterly project wise stock reconciliation Establishes and maintains an adequate market for the company xe2 x80 x99s securities and in connection therewith maintains adequate liaison with investment bankers financial analysts and shareholders Preparation of short term long-term business plans and advises the senior management on financial planning budgeting cash flow investment priorities and policy matters Serve as the management liaison to the board and audit committee effectively communicate and present critical financial matters at select board of directors and committee meetings To approve all agreements concerning financial obligations such as contracts for products or services and other actions requiring a commitment of financial resources Represent the organisation externally as necessary particularly in banking and lease negotiations Operations Assess and evaluate financial performance of organisation with regard to long-term operational goals budgets and forecasts and Provide insight and recommendations to both short-term and long-term growth plan of organisation Create and establish yearly financial objectives that align with the company xe2 x80 x99s plan for growth and expansion and Plan coordinate and execute the annual budget process Select and engage consultants auditors and investors Participate in pivotal decisions as they relate to strategic initiatives and operational models Upgrade and implement an appropriate system of policies internal controls accounting standards and procedures Ensure that all offices and project sites are adhering to the strategic plan delivering status reports to the board Provide analytical support to the management team including development of internal management reporting capabilities Improve administrative and operational accounting services as and when required Financial Analysis Budgeting and Forecasting Prepare and present monthly financial budgeting reports including monthly profit and loss by division forecast vs budget by division and weekly cash flow by division Review and analyze monthly financial results and provide recommendations Identify develop and execute analysis of all new business initiatives Develop and maintain monthly operating budget and annual operating budget for the business units Manage financial planning and analysis department Supervise creation of reports software implementation and tools for budgeting and forecasting Coordination for systematic Accounting General Ledger maintenance Administration and Operations Coordinating with the accounting department to ensure the proper functioning of all systems databases and financial software Provide regular maintenance and backup of all accounting systems and supervise company financial staff Review and ensure application of appropriate internal controls compliance and financial procedures Ensure timeliness and accuracy of financial and management reporting data for investors and company xe2 x80 x99s board of directors Oversee the preparation and communication of weekly monthly and annual financial statements Work with Human Resources to ensure appropriate legal compliance Oversee preparation of monthly quarterly and annual financial statements Review all month-end closing activities including general ledger accounts balance sheet accounts and overhead cost allocation Enhance and implement financial and accounting systems processes tools and control systems Serve as a key point of contact for external auditors Manage preparation and support of all external audits Financial Management Manage cash flow planning process and ensure funds availability Oversee cash investments and asset management area Explore new investment opportunities and provide recommendations on potential returns and risks Maintain outstanding banking relationships and strategic alliances with vendors and business partners Utilize forward-looking models and activity-based analyses to provide financial insight into the organization xe2 x80 x99s plans and operating budgets Taxation and compliance Ensure timely compliance of all statutory requirements payments returns for various authorities departments like GST Income Tax Professional tax TDS Sales Tax Service Tax PF ESI or any other such authorities departments Oversee the preparation and timely filing of all local state and central tax returns Assisting in calculation verification reconciliation of tax payable GST TDS and all other statutory payments Handling all the matters related to Direct and Indirect taxes including Tax Planning Tax Assessments in addition to interaction with tax consultants and departmental officers Team Development Leadership Oversee direct and organize the work of the finance team Promote a culture of high performance and continuous improvement that values learning and a commitment to quality Ensure staff members receive timely and appropriate training and development Establish and monitor staff performance and development goals assign accountabilities set objectives establish priorities conduct annual performance appraisals and administer salary adjustments Mentor and develop staff using a supportive and collaborative approach assign accountabilities set objectives establish priorities and monitor and evaluate results Requirements Qualification CA or MBA Benefits CTC 12 LPA
