Job description:

• Responsible for Budget & Financial Statement of group companies, Receivable Management & Credit control, Payables & Cash flow Management.

Level of  Authority:

• Payroll, Financial letters, Employee loan forms, Audit reports, Final settlements, Appointment letter, leave applications etc.

Accountabilites/Responsibilities (KPI):

• Responsible for planning, monitoring and regular review of accounting systems, policies and procedures.

        + MIS report: Financial Statements.

        + Reporting: Monthly basic.

• Provide Monthly Financial Information to Operating Division Heads to strategize business growth.
• Responsible for presentation of Financial Statements, Balance sheets and its shortened versions etc. within deadlines.
• Liaisoning with External & Internal Auditors.
• Credit Appraisal of new/existing customers and fixing credit limit, period & payment terms.

       + MIS report: Cash flow statments.

• Regular periodic review of Receivables and strategizing on realisation of over dues.
• Analyse project invoicing, ageing of receivables, cost to completion & turnover recognition.

       + MIS report: Audit report.

• Evaluates budgetary controls and its implications with Operational Divisional Heads.
• Review & Reporting of organisation's forecasted financial position, future turnover, margin and profitability vis a vis actual position.
• Assessing of financial efficiencies of major projects and capital budget proposals/requirements.

       + MIS report: Payroll.

• Advising and analysing on investment decisions, sources of funds based on forecasted and actual cash flow.
• Advising on SWOT & Risk Analysis on future business proposals.
• Negotiation of rates of Long & short term bank loans & other facilities.
• Ensuring compliance with financial legislation and presentation of Financial Statements as per IFRS standards.
• Review of Open-ended, un-cancelled Bank Guarantees & initiate timely action to cancel the same.
• Ensure timely payment to vendors, sub-contractors, and supplier within the Purchase Order / Work Order terms.
• Review of Debit balances in Creditors, ensure claims on suppliers are raised & recovered on time.