Esteemed client of Orion TrueTech Services India Pathanamthitta, Kerala, India
Jan 11, 2019Full time
Job Description:Managing and overseeing the Daily operations of Accounts Receivable: Verify the Accounting of Auction Sale/ Export Sale / Retail Sale. Verification of Bank Receipt entry against Auction Sale, Export Sale, Retail Sale, Local Sale and Other Receipts. Ensure that all payments are received within due date and verify the ageing of Debtors. Monitor Receivables against all type of sales and follow up with concerned Customers for recovery of outstandings. Make sure that Ledger Verification and Confirmation of Debtors are being done on timely basis. Make sure that monthly balance confirmation from customers are being collected on time. Provide provision for bad and doubtful debts. Whenever it is required with proper approval from Management. Verification of Debit / Credit Note Accounting and its statutory compliance. Claiming various Subsidies and Incentives related to Production and Sales. Preparation of Financial reports. Managing and overseeing the operations of General Accounts: Oversees the daily accounting activities required to maintain the Authoritys general ledger. Supervises, directs and reviews the Work of the Accounting Staff. (Including Verification of Cash / Reconciliation of Banks/ Recording of Revenue and Expenditure on time etc..) Monitoring the utilization of Funds- ( Management of Fund) Prepare Weekly Cash and Fund Flow Projection and compare with actual data and find out the deviations. Review General Ledger on a Monthly basis to ensure the accuracy of Posting. Coordinate Monthly / Quarterly / Half year and Annual Closing of Accounts and ensure that it is being completed within the time as specified. Management of Assets, (including Purchase / Addition and deletion/ Providing Monthly depreciation / Decommission, Transfer or Sale etc.) Management of Inventory ( Verification of Physical and system Inventory on weekly basis and variations to be reported to the factory on timely basis / Verify the Inventory of different locations such as Factory / Blending Packing / Warehouses ( Retail / Auction / Export) Valuation of Inventory based on the Accounting Standard. Preparation of Financial Statements on Monthly / Quarterly / Annual Basis. Resolves complex accounting issues or assists subordinates in resolving financial issues. Makes and Implements recommendations to Improve accounting process and procedure. Management Accounting and MIS : Timely Analysis of Financial data Preparation, Monitoring and Analysis of Operational and Revenue Budget. Analysis of Cost of Production of various Estates, Factory and Head office (Administration).( Actual vs. Budgets) Monitoring of Marketing Budget. Variance analysis (Material / Labour / Overheads / Production / Sales) Profitability / Contribution Analysis of products. Pricing of the Products. Feasibity Analysis of Schemes to be given by the Marketing Department. Assessing feasibility of business Project or new Investment based on the Return on Investment / Breakeven of the Project / Period of Recovery of the Project to take a financial decision. Preparation of Financial Reports as per the Instruction of Directors/GM/AFM Managing and overseeing the operations of Statutory Department Recording of Accounting transactions and Book keeping of Accounts based on the prevailing statutes such as Companies Act / Income Tax Act / GST Act Ensuring that statutory compliances are being made on timely basis. Liaison with statutory bodies. Appearing of Tax Hearing, Registrations and Renewals. Ensuring that statutory returns are filed within the time limit as specified by the relevant statutes. Filing of Returns under GST GSTR 1/ 2 and 3, GSTR 3 B, Application of ITC Refund / Providing necessary assistance for taking e-way bill against outward supply. Filing of Returns under Income Tax. ITR / AIT and TDS Filing of returns under Registrar of Companies. Co-ordinate with External Internal Auditors and Company Secretary for timely compliance. Calculation of Advance Tax. Updating the necessary data and information for statutory liabilities to back up statutory liabilities administration. Any other responsibility that may arise and that are assigned from time to time.