Head Treasurer
UNION COOPERATIVE SOCIETY
Total years of experience :11 years, 0 Months
• Handle receipt, banking and protection of company funds, securities and financial products
• Maintain an efficient system of policies that adequately control treasury activities
• Prepare financial reports
• Monitor third party activities handling outsourced treasury functions
• Understand, manage, and supervise all aspects of cash flow.
• Evaluate, develop and implement cash management systems to optimize efficiencies
• Understand and manage appropriate accounting procedures and processes
• Manage relationships with financial service providers
• Prepare or monitor company’s various cash flow forecasts and perform financial modeling
• Keep track of credit sales invoices and provide related information to accounts.
• Conduct surprise checks on cashiers as per instruction of treasury unit head.
• Verify deposits vouchers from branches and maintain records.
• Receive cheques from customer and supplier’s to deposit into the bank account.
• Assists other departments in their cash transactions.
• Count money in cash drawers at the beginning of shifts to ensure that amounts are correct and that there is adequate change.
• Issue receipts, refunds, credits, or change due to customers.
• Post all cash and credit card entries into the database.
• Calculate total payments received during a time period, and reconcile with total sales.
• Compares totals on cash register with amount of currency in register to verify balances.
• Disburses cash and writes vouchers and checks in payment of company expenditures.
• Ensures that all monies are banked in a secure and timely manner
• Maintains all cash administration documentation
• Records sales transaction information on standard spreadsheets
• Maintains all cash administration documentation
• As required, meeting with internal auditors, IT section, Departmental Heads to resolve matters.
• As required contacts with banks and other financial institutions etc.
• Prepares asset, liability, and capital account entries by compiling and analyzing account information.
• Documents financial transactions by entering account information.
• Recommends financial actions by analyzing accounting options.
• Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.
• Substantiates financial transactions by auditing documents.
• Maintains accounting controls by preparing and recommending policies and procedures.
• Guides accounting clerical staff by coordinating activities and answering questions.
• Reconciles financial discrepancies by collecting and analyzing account information.
• Secures financial information by completing data base backups.
• Maintains financial security by following internal controls.
• Prepares payments by verifying documentation, and requesting disbursements.
• Answers accounting procedure questions by researching and interpreting accounting policy and regulations.
• Complies with federal, state, and local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions.
• Prepares special financial reports by collecting, analyzing, and summarizing account information and trends.
• Maintains customer confidence and protects operations by keeping financial information confidential.
• Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.
• Accomplishes the result by performing the duty.
• Contributes to team effort by accomplishing related results as needed.
• Responsible for location wise inventory control, reconciliation of physical and book stock of inventory, inventory adjustments, inventory transfers and inventory cycle count of month end process.
• Account receivable and account payable.
• Prepare reconciliation and analytical reviews, performing account analysis and accounting entries.
• Apply final approval on monthly payroll expenditures with the payment preparation of the salaries, bonuses, overtimes and other benefits.
• Conduct monthly payroll related audits, monthly leave audits.
• Handle payroll refund and adjustment requests.
• Prepare the salary reports for each pay cycle.
• Enter Journal Voucher's and handle entries in General Ledgers.
• Control the timesheets and absence from the audits.
• Ensure accurate integration of records with the payroll and benefit systems in line with HR requirement.
• Coordinate with compensation and benefits to ensure the smooth process of the payroll function.
• Prepare payroll year-end work papers for auditors, preparing year-end journal entries, adjusting entries and accruals, preparing financial reports and statements, coordinating payroll audit activities with internal and external auditors.
• Sourcing candidates using internal databases, job portals, job posting and consultants.
• Liaising with PRO for visa / labour card processing, renewals, cancellations and government related works.
• Creating and maintaining employee personal files.
• Personally handle all the confidential data and ensure it has been filled in the individual’s personal files.
• Enrollment of employees into the group Medical & Life Insurance and other benefit schemes.
• Preparing the final settlement for separations / terminations.
• Generating monthly payroll for the company. (More than 700 employees).
• Assist the Management while conducting yearly appraisals.
• Handling staff grievances and disciplinary issues in accordance with Labour Law.
• Maintain and implement compensation and benefit policies and practices and ensure they are aligned to business goals.
• Manage performance process roll out in the organization with guidance from the compensation Head.
• Ensuring the financial and accounting aspects related to the staff cost and managed as per the accounting standards and in line with the company's accounting policies.
• Ensure timely execution of performance management cycle in the organization.
• Managing employee payroll process, accrual and amortization of expenses related to staff.
Islam - D Tamil Language - C Agriculture - C GCT - 85%
4 Distinctions 4 Credits