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Position Summary with Job Responsibilities
Purpose of the position
a. Why the positions exists
b. What will happen if there is no one in the position (no one performs the work)
a. PV quarterly & annual financial statements – interacting with PV plant locations and other functions of finance. Facilitating the audit and resolving queries on timely basis.
b. If no one performs the work this will result into Statutory non-compliances (Companies Act) and will also delay the TML Consolidated financial statements process to be in filed with Stock exchange in India and Secretarial filing as per The Companies Act, which will result in substantial penalties, etc.
Dimensions of the position / Scope
PV quarterly & annual financial statements – interacting with all plant locations and other functions of finance.
Classification/disclosure in the financial statements considering the legal requirements.
Most of the Accounting Standards are applicable for PV entity, except for consolidation and financial instruments like investments and complex debt instruments – this makes the job exciting at the same time complex.
Ensure that all the documentation for Accounts Closing and Book Close process for PV entity are done as required by Indian Companies Act, Ind AS Accounting Standards notified by ICAI / MCA, PCAOB, US.
Company Law requirements – Dividend payments, Managerial remuneration, Calculation of Profits under various sections of the Companies Act.
Communications
Stakeholder Internal/External Nature of relations Frequency
Plant Finance/ GDC/Treasury Internal Discussions on Accounting issues – changes / new transactions
Analysis of accounting to ensure compliance with Accounting Standards / assumptions used for key estimates. Monthly / Quarterly / Yearly
Secretarial / Direct Tax / Indirect Tax Internal Giving financial data as required for various compliances / approvals Monthly / Quarterly / Yearly
Investor Relations Internal Data for Investor / analyst communications Quarterly / Yearly
Secretarial Internal Annual Report Yearly
Statutory Auditors External Getting the Financials Audited. Closing Audit issues.
Facilitating the audit Monthly / Quarterly / Yearly
Education
Work Experience
Personal Profile
Education Chartered Accountant
Skills Sound knowledge of Ind AS / IFRS Standards and working knowledge of MS-Office, SAP – FI Module and HFM. Good oral and written communication skills
Relevant Experience : 5-8 years
S.N. Key Responsibility & Key Tasks Measures
1 Preparation of PV Financial statements – Ind AS / IFRS Timeliness, Completeness and Accuracy
2 Review of Trial Balance, Variances, classification of Balance Sheet, provisions done at the month / quarter ends. Timeliness, Completeness and Accuracy
3 Responsible for book closure. Timeliness, Completeness and Accuracy
4 Coordination with statutory auditors Timeliness and Completeness
5 Finalization of Annual Report Timeliness and Completeness
6 Ensure that all the documentation for Accounts Closing and Book Close process are done as required by PCAOB, US. Timeliness and Completeness
Tata Motors Leadership Competencies
Customer Centricity – Anticipating, understanding and focusing efforts on meeting the customer (stakeholders) needs or expectations
Developing Self and Others – Recognizing continuous development is essential for success and taking steps to develop self and helping others to excel
Driving Execution – Translating strategy into action and execution
Leading by Example – Encouraging and following ethical standards
Leading Change – Recognizing the need for change, initiating and adapting to change
Motivating Self and Others – Inspiring teams and individuals
Functional Competencies
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