Associate Manager Finance
IFFCO Group
Total des années d'expérience :17 years, 11 Mois
Working in Manufacturing Business Unit Finance -
• Credit Control Management and analysis- Monitoring Accounts receivable, Credit Insurance Management, allowance for doubtful debt, Credit risk analysis, credit decision-making and periodical review, customer appraisal, collection management, Managing and monitoring DSO, Managing customer issues or relationship and periodic customer visit.
• Managing and monitoring Marketing spends/expense - Ensure accurate provision, analysis and assessment of spend ROI etc.
• Business and data analysis (ORM), profitability analysis, ensuring monthly books closure with end to end analysis of PNL, variance analysis on various matrixes, analysis of balance sheet, analysis of deviations and Risks & Opportunities.
• Monitoring reconciliation and ensure compliance - VAT accounts reconciliation and verification before tax payment, Intercompany reconciliation - Trade and Non-trade, customer reconciliation, supplier reconciliation.
• Managing management reporting - Daily PNL reporting, Flash reporting, Daily Oil Position reporting, Weekly Working Capital reports, Weekly Cash flow reporting, balance sheets etc., publication of monthly MIS reporting and provide relevant variance analysis and regular ad hoc analysis for management.
• Overhead analysis and monitoring, accurate provisioning, maintaining budget vs actual position etc.
• Contribute to the preparation of the Finance budget and monitor financial performance versus the budget so that the business is aware of anticipated costs/revenues and areas of unsatisfactory performance are identified.
• Customer appraisal - Credit business viability review, business volume and number growth analysis and taking decision.
• Ensuring smooth Audit external as well as internal. Ensure compliance of processes with accounting and reporting.
• Stakeholder management, customer management, supplier management, compliance authority management.
• Supervise & coordinate all activities to ensure proper month/quarter/year end closing with Shared Services.
• Balance Sheet analysis, End to End General Ledger Accounting and reporting, Fixed Asset Accounting and reporting Scrutinizing, Analyzing, Interpreting, financial data analysis etc.
• Group VAT reconciliation for IFFCO UAE & KSA, Review & verify before Filing VAT Return and releasing FTA payment.
• Driving, monitoring, controlling, managing group Intercompany reconciliation and ensure reporting.
• Owning & Managing IC Customer & Supplier Master and ERP Document Sequence File for all AR/AP/GL process.
• Managing Accounts Receivable process. Ensuring Compliance, SLA/KPI for the process, Operational Cost Reduction.
• Vat control account(s) reconciliation and verifying before tax payment.
• Ensure month end/year end closure smoothly and meet SLA deadline strictly.
• Preparation of end to end balance sheet schedule and review with business and take action as per requirement.
• Preparation of Statement of financial position, Statement of comprehensive income, cash flow statement and other notes etc. as per IFRS guideline and Standards, Preparation of financials and other related reports and submit to legal department to obtain or renew Trade License in timely manner and ensure smooth business operation.
• Managing Audit independently, external as well as internal.
• People Management, performance appraisal, objective setting etc., Process control and process audit.
• Act as an IFFCO Global Period Closing Single point of contact. PO raising responsible personnel for Shared Service Center.
• Quality Single point of contact (Quality Catalyst) for the process. To support/cooperate team for New Projects, ensuring and encouraging continuous improvement.
• Preparation of PPT presentation for various report and adhoc report as per management requirement, releasing various MIS.
• Managing Escalation, Weekly/Monthly dashboard and managing operational quality.
• Involved in Project accounting, Fixed Asset Accounting and reporting. Creation/Addition/Deletion/transfer of Fixed Asset.
• Creation and allocation of budget as per approval and End to End activity for Fixed Asset Accounting.
• Preparation of Balance Sheet Review Schedule for Capital Work In Progress, Depreciation and Fixed Asset Register. Asset shutdown activity for accurate provision for depreciation
• Reconciliation of Assets, Depreciation, Capital Work In Progress with Trial Balance. Fixed asset record to report activity, Asset Life cycle change activity as per UGAAP, IGAAP, and Tax norms.
• Involved in end to end Accounts Receivable and Accounts Payable management process, GL accounting.
• Aging management, Customer overdue invoice Collection, resolving issue and knocking off open invoices.
• Debit Note and Credit Note creation, verifying PO and Invoice.
• Product pricing calculation between PO and Invoice as per agreement. Resolving issue with Price difference.
• Credit management activity like taking approval for credit days/limit extension, credit extension.
• Customer accounts Reconciliation, Vendor account Reconciliation, Inter Company/Unit Reconciliation, Clearing account reconciliation, Bank reconciliation for collection accounts, Accrual account reconciliation, and various GL & SL account reconciliation, passing necessary entries, Bad debt provision.
• Verifying customer claim as per Provision of Monthly Expense Report and as per agreement and processing the same as per agreed SLA.
• Resolving issues and discrepancies of the customers and closing the issue as per reconciliation, ensuring smooth supply/sales order processing.
• Customer Master end to end activity- Customer code creation, virtual bank account creation. Mapping customer code with correct GL code, Bank account, Profit center, Cost Center, Plant code etc.
• Preparation of various MIS, maintain all the statutory compliance, statutory deduction, TDS compliance etc.
• Visiting customer at a regular interval and as per requirement.
• Involved in Accounts Receivable and Accounts Payable management process, initiating Debit Note and Credit Note.
• Initiating agreement with distributor and franchisee, ensuring credit viability/worthiness of the distributor and franchisee as per due diligence report/activity.
• Preparation of provision month on month basis in line with Budget.
• Reconciliation for Customers accounts, Stock/Inventory reconciliation, Goods in Transit accounting GL and SL account etc.
• Distributor and franchisee Claims processing and settlement as per agreement and promotional activity.
• Preparation of collection target and Steering Collection in accordance with the plan, ensuring timely banking and liaison with Bank.
• Work with supervisor for Preparation of promotional scheme profitability analysis, preparing SBU level profit and loss, balance sheet etc. Product costing/pricing analysis as and when required.
• Resolving issues and discrepancies of the customers and close open issue as per reconciliation.
• Preparation of MIS like channel inventory, COR, Stock/Inventory movement report etc. and various adhoc reports which help superiors to analysis, verification and preparation of budgets etc.
• C form collection, Issuance of road permits.
• Steering and monitoring the compliance with all regulatory procedure in case of appointment and/or termination of distributors and franchisees and all other legal procedures, audit compliance if and when required.
• Generating Receipt by collection of insurance premiums for timely issuance of insurance policy.
• Reconciliation of premium deposit account and generation of PIS. Premium deposit Cash in hand reconciliation, Cheque In Hand Reconciliation, PDC reconciliation.
• Banking of Collection for premium deposit account- Cash, Cheque and High Value clearing Cheque. Liaison with Banks.
• Card payment received account reconciliation and settlement of transactions.
• Steering Bank reconciliation for various collection and disbursements accounts.
• Maintain petty cash account, employee reimbursement.
• Commission account reconciliation as month end activity
• Journal Entry, Maintaining and monitoring various leger. Bank reconciliation. Maintaining Cash account and banking of cash collection.
• Invoice preparation including VAT invoice.
• Stock/Inventory accounting. Preparing Product costing. Cost and profitability statement. Cost Classification (Fixed, Variable, Semi Variable)
• Finalizing of books of accounts, Profit & Loss Account, Balance Sheet review, Trial balance etc.
• VAT, Sales Tax computation and Payment. Income tax computation and payment for the organization.
• Preparation of financial reports.
Master In Business Administration (Finance)