Manager F&C - Corporate Accounts & Statutory Audits

Aditya Birla Group; Maharashtra; On-site; INR 900,000 - 1,300,000; Full time

Job summary

Aditya Birla Group in Maharashtra seeks a finance professional to execute accounting functions, prepare Ind AS and non-Ind AS financials, and coordinate statutory audits. You will analyze actuals versus budgets, manage MIS, hedge accounting, asset capitalization, and ensure timely financial reporting.

The role requires collaboration with internal stakeholders, driving process improvements, and ensuring compliance with internal controls and SOPs within the Jewellery business.

Qualifications

• Preparation of financials under Ind AS and non-Ind AS.
• Comparative analysis of actuals vs Budget (Capex & Opex) on fixed costs, gross margin, and working capital.

Responsibilities

• Coordinate updating accounting policies and SOPs for Jewellery business.
• Enhance ERP finance module usage and drive automation through technology and data analytics.
• Ensure timely closing of company accounts and prepare monthly MIS, P&L, cash flow and balance sheet reports.
• Prepare Hedge accounting and maintain hedge documentation.
• Record Right of Use Assets for leasehold properties and ensure proper disclosures.
• Coordinate inventory transactions with ISCM and ensure accurate accounting.

Skills

Financial analysis

Budget vs actual

Internal controls

Communication with stakeholders

Tools

MS Dynamics 365 ERP

Job description

Position Purpose and Summary

• Role is responsible for execution of various tasks required for implementation of accounting function within the organization. The role involves preparation of financials (Ind AS & non Ind AS compliant) and getting the same audited by Statutory Auditors.
• Performing comparative analysis of actuals with Budget (Capex & Opex) on Fixed Costs, Gross Margin, Working Capital and highlight deviations having significant impact on financial position of Business.
• Coordinate with various internal stakeholders and conducting testing of internal financial controls, prepare Management Information System (MIS), and Statutory Financial reporting.

Essential Duties And Responsibilities

• Coordinate and timely update accounting policies, Internal Finance Control guidelines, and Standard Operating Procedures (SOPs) relevant to the Jewellery business.
• To carry out System improvement of MS Dynamics 365 ERP - Finance module with relevant stakeholders across the organization. Ensure effective utilization by proactively monitoring performance, driving process improvements, and automation of finance functions using technology and data analytics.
• To ensure timely closing of company accounts. Periodically prepare & review books of accounts and financial reports, and prepare Monthly MIS reports, including monthly/quarterly/annual Profit and Loss (P&L), Cashflow, Balance Sheet, and other reporting compliances.
• Carry out Hedge Accounting and maintain Hedge documentation according to Hedge positions taken by Bullion & Treasury team.
• To create Right of Use Assets for all the Leasehold properties taken by Business and ensuring its correct disclosure in Financial statements.
• To prepare Profit and Turnover reco of Financials as per Ind AS and Non Ind AS guidelines.
• To coordinate with ISCM team and ensure that all the inventory transactions pertaining to Repair/Melting/Issue to JW/Outright procurement are correctly recorded. Guide ISCM team complete transactions in such a way that these are properly reflected in Financials. To ensure accurate inventory accounting and its reco with books.
• Prepare detailed presentations for quarterly Audit Committee and Board meetings.
• Analyze and monitor working capital movement vs. budget on a monthly basis, identifying areas for improvement to minimize blockage in non-moving and slow-moving items.
• Develop capex controls through Work Breakdown Structure (WBS) and monitor each capex scheme to ensure completion within the budgeted time and cost. To report Capex costs of each Store/scheme on monthly basis.
• Coordinating with Project and Retail team and ensure that Asset tagging is carried out as per requirement of CARO.
• Conduct monthly, quarterly, and annual reviews of actual expenses against budgets, including oversight of variance reports with root cause analysis.
• Provide accurate, timely, and comprehensive financial reporting to the management to support the decision-making process.
• Ensuring accurate inventory valuation by following Hedge Accounting & Cost Accounting principles
• Maintaining accurate records of inventory position and submitting the same to Bankers and other regulatory authorities as may be required.
• Focus on delivering quality and timely service to internal customers, including ad-hoc requests from senior management.
• Coordinate with Statutory and Internal Auditors for timely audits at periodical intervals and monitor the closure of open points.
• Coordinate with different stakeholders on Audit observations and ensuring proper closure of Audit points.
• Review, design and monitor compliance with Business SOPS and identify & close gaps
• Foster a collaborative and positive work environment, promoting teamwork, professional growth, and knowledge sharing amongst cross functional team.