Manager - Accounts & Finance
Signet Industries Limited
Total years of experience :15 years, 10 Months
Managing Accounts, Finance, Direct Taxation, Cost Accounting fields of Indore Based leading listed company engaged in Manufacturing of Plastic Pipes, Furniture, Moulded Items and Trading of Plastic Granules.
Key Responsibilities includes during employment:-
a) Finance:-
• MIS Reporting in relation to Projected Cash Flow, Actual Cash Flow, Fund Requirement for Borrowings, Project Outflows and Business Operations, Utilised and Available FB & NFB Limits Position with Bankers and Buyers Credit Payable Position.
• Supervision over Daily Cash Flow Movement with compliance of all due payments along with Ensuring all Projected Inflows and Reporting to Management about variances.
• Liasioning with Bankers for establishment of Letter of Credit Procurements and also discounting of the same from Bank for making payments to the suppliers.
• Buyers Credit Arrangement.
• Forecasting of Available Funds for Investment & Management of Fixed Deposits Portfolio with various Bankers and Verification of Interest Incomes earned on these Investments.
• Keeping Eye on Currency Market for Hedging of Foreign Exposure.
• Control over Interest on Borrowings & Commissions charged by Bankers.
• Providing Required Information and Coordination with External Rating Agencies
• Providing Required Information and Coordination with Finance Consultant for Term Loans and Working Capital Borrowings Proposals & Maintain Banking Relations.
• Coordination with Bank Stock Auditors for Completion of Stock Audit.
b) Accounting:-
• Preparation, Analysis and Finalisation of Quarterly as well as Detailed Annual Financial Statements of Whole Signet Group Entities and discussion with auditors on various issues in relation to Accounting Principles and Procedures Followed, Internal Control Systems, Internal Policies, Compliance, Documentation Etc.
• Supervision of Accounts & Finance Team of Head Office as well as All Branches.
• Regular Scrutiny of Books of Accounts maintained by Branches.
• Ensuring Completion of Cost Audit after discussion on Various Issues related to Expense Allocation, Record Maintenance, and Product Profitability.
c) Taxation:-
• Preparation & Filling of Income Tax Returns, Computation of Income of Whole Signet Group Assessee’s in consultation with Management & Tax Consultants.
• Full Assistance to Consultants in Income Tax Assessments of Whole Group Assessee’s.
d) Creative Tasks:-
• Development of Internal Policies on Various Issues in Consultation with Management & Expert Consultants
• Development of KRA of Whole Accounts & Finance Team and Work Distribution to them according to the Strengths & Capabilities.
• Development of Company Profile covering needs of Bankers, Suppliers, Prospective Customers and Investors.
• Participation in Various Knowledge Development Activities.
• Various Other MIS Reports to management as per their Specific Requirements.
Key Responsibilities includes during Internship:-
• Analysis of draft Financial Statements including notes to accounts
• Conducted Internal & Statutory Audits of Various Renowned Corporates Marks & Spencer Reliance India Private Limited (Marks & Spencer), Planet Retail Holdings Private Limited, Quest Retail Private Limited (The Body Shop), R.K. Marble Private Limited, Wonder Cement Limited.
• Physical stock Audit and valuation as required by the clients
• Income Tax Return Filling and Preparation for Assessment for Various Entities.
• Compliance of TDS for Various Entities, Preparation of Annual VAT Returns
• Supervision of Junior Trainee Assistants.