Senior Manager

Godavari Commodities Ltd.; Kolkata District; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Godavari Commodities Ltd. in Kolkata seeks a seasoned Financial Controller to oversee month-end, quarter-end and year-end closes across the corporate office and mining sites, ensuring accurate accruals, provisions, asset accounting and inter-unit reconciliations.

The role supports Ind AS 116 for assets and maintains the COA across sites. You will supervise taxation, statutory compliances, banking, treasury, MIS, and lead a team to deliver timely financial insights while driving process

Job description

Key Responsibilities

2.1 Financial Accounting, Closing and Reporting

• Own the month-end, quarter-end and year-end closing of books for the corporate office and all sites, including accruals, provisions, prepaid expenses and inter-unit reconciliations.
• Prepare financial statements under Ind AS and Schedule III (Division II), along with supporting schedules and notes, for review by the Head Finance & Accounts and the Statutory Auditors.
• Ensure correct accounting for Heavy Earth Moving Machinery (HEMM) and other fixed assets capitalisation, component accounting, depreciation, and leases under Ind AS 116 for hired or leased equipment.
• Maintain the fixed asset register, stores and spares inventory (including diesel, lubricants, tyres and explosives at sites) and ensure periodic physical verification and reconciliation.
• Maintain the chart of accounts and accounting policies, and ensure consistent application across all sites.

2.2 MDO Contract and Site Accounting

• Account for MDO and mining-services contract revenue in line with Ind AS 115, including per-tonne / per-cubic-metre billing, price variation and escalation clauses, deductions, penalties and incentives.
• Reconcile Running Account (RA) bills and client measurement certificates with site production records, and follow up on certified-but-unbilled and billed-but-unpaid amounts.
• Supervise site accounts: petty cash, sub-contractor and transporter bills, hire charges, diesel consumption reconciliation, payroll inputs for site staff and contract labour.
• Prepare contract-wise and site-wise profitability, cost per tonne, and budget versus actual analysis, with clear explanation of variances.
• Track retention money, security deposits, Bank Guarantees and withheld amounts by contract, and ensure their timely release and accounting.

2.3 Taxation and Statutory Compliance

• Ensure timely and accurate GST compliance e-invoicing, GSTR-1, GSTR-3B, input tax credit reconciliation with GSTR-2B, annual return and reconciliation statement across all registrations.
• Ensure deduction, deposit and return filing of TDS and TCS under the Income-tax Act, 2025, and reconcile TDS/TCS receivable with the Annual Information Statement (Form 168).
• Coordinate advance tax, income-tax return, tax audit and transfer-pricing documentation (where applicable) with the Tax Consultants.
• Maintain records for mining-related statutory levies and payments applicable to the Companys contracts (royalty, DMF, NMET and similar, where borne or reimbursed under contract terms).
• Provide accounting data to the Company Secretary for MCA/ROC filings; any filing-level matters are referred to the Company Secretary / legal and compliance function.

2.4 Banking, Treasury and Working Capital

• Manage day-to-day fund position, payment cycles and bank reconciliations across all accounts.
• Prepare stock and book-debt statements, FFR-I (Quarterly Information System) and FFR-II (Half-Yearly) returns, and CMA data for the Companys bankers within prescribed timelines.
• Monitor Cash Credit / Overdraft and term-loan accounts, verify interest and bank charges against the sanction letter, and track covenant compliance.
• Coordinate issue, renewal and release of Bank Guarantees (EMD, performance and advance guarantees) for tenders and contracts.

2.5 Audit, Internal Controls and MIS

• Coordinate the statutory audit, tax audit and internal audit; prepare audit schedules; and ensure audit observations are closed within the agreed timelines.
• Support CARO and Internal Financial Controls (IFC) requirements by maintaining documented controls, approvals and evidence across the corporate office and sites.
• Ensure periodic reconciliation of vendor, customer, sub-ledger-to-GL, inter-company and bank ledgers, and resolve differences.
• Prepare the monthly MIS pack for management profitability, cash flow, receivables ageing, payables ageing and key financial ratios.

2.6 Team Leadership and Systems

• Lead, guide and develop the corporate and site accounts teams; allocate work, review output and build back-up capability for every critical activity.
• Drive process standardisation and automation in Tally Prime / ERP, and ensure data hygiene and timely posting at sites.
• Implement and follow the Companys Standard Operating Procedures and Delegation of Power for the Finance & Accounts function.