Assistant Manager - Finance
Natural Stone Co LLC
Total years of experience :13 years, 2 Months
Finance Function
• Preparation of monthly Profit & Loss account and Balance Sheet
• Preparation of Quarterly, Half yearly and Yearly Forecasts and Annual Budgets and variance analysis.
• Responsible for all payment collections against the certified dues from all clients & reconciling the same.
• Liaising with Company Auditors and co-ordinate to clear the pending issues until the final issuance of audited Financial Statements.
• Liaising with Tax authorities and respond to Income Tax queries.
• Preparing periodical Cash Flow statements, arrange funds for covering the deficits if any, if not proper utilization of excess funds to avail maximum return by placing short term capital guaranteed investments.
• Daily monitoring of Cash and bank movements.
• Arranging banking facilities including term loans and negotiate with various banks and financial institutions for competitive terms and pricing.
• Preparation of Cost Control Schedules of various jobs includes material procurement comparison with actual costs, Site overheads comparison with actual estimates, monitoring of billing and receipts on each job.
• Proper management of Fixed Assets, verification of monthly depreciations, asset disposals, and checking the profitability of financing of various assets.
• Managing Payroll, Payables and General Ledger
• Monitoring all Insurance Policies, renewal of policies as and when required, obtaining new policies for projects and General Insurance, raising Insurance Claims etc.
• To ensure for reduction of interest and finance charges on regular basis.
• Following up the legal cases.
HR and Administration Function
• To direct and oversee the HR and Administration function.
• To make sure on effective administration functions and strict discipline among the Staff and Workers.
• Maintain attendance norms & obtain attendance report of staff & take required actions.
• To ensure for release of recruitment advertisement and screening of resumes.
• Liaise with recruitment agents for interviews for recruitment of staff & workers.
• Ensure compliance with all rules and regulations set by various ministries and government authorities.
• Maintain and coordinate the implementation of accounting control procedure while performing records entry and filing the documents.
• Ensure the accuracy and completeness of transactions entered in business accounts.
• Ensure that no documents are left open in the office and that there remains no delay in processing financial information.
• Coordinate for the Insurance policy renewal, insurance claims settlement etc.
• Prepare monthly bank reconciliation statement, correspondence with banks and other parties.
• Verify and make sure that all necessary documents are attached to them before forwarding for signature.
• Review and ascertain that salary sheets prepared by the Payroll Clerk are correct and complete
• Ageing analysis & monitoring receivables and payables
• Finalization of accounts
• Preparation of MIS Reports and Cash flow statement
SAP, AS 400 IBM Software, MS Office, Accounts Receivables / Payable, Banks/ Related Party Reconciliation, General Ledger, Financial Statements & Accounts Finalization Works, MIS Reports, Maintaining accounts of 6 branches, posting of Daily sales (including cash, cards, credit sale etc.) in their respective ledgers, Exposure in dealing with suppliers for their payment according to their various credit periods and 500 plus debt collection from our customers those who have credit facilities, Well expertise in the area of General Ledger posting (especially Asset and Banking transactions) and petty cash Transactions
Preparation of cash and bank payment vouchers, Passing of journal entries, Supplier Account Reconciliation
Tally Accounting Software, MS Office, Accounts Receivables / Payable, Banks/ Related Party Reconciliation, General Ledger/Asset Accounting, Payroll Preparation, Petty Cash Transactions, Preparation of Interim & Final Financial Reports/Budgets, Financial Statements & Accounts Finalization Works, Costing and Pricing of Products, MIS Reports, Inventory Management, Basics of Computer Networking, Engaged in the preparation of various types of schedules for our Internal Auditors, Expertise in the preparation and presentation of Financial Reports and Budgets required for Management, Weekly and monthly analysis of Production, wastage in production, loss in labour hours etc and reporting to the Management