Assistant Manager-Finance
VECV Lank Pvt Ltd. (A Volvo Group and Eicher Motors joint venture )
Total years of experience :17 years, 0 Months
Accounting, MIS Reports & Statutory Audit etc :
Responsible for the preparation of monthly financial results, budget, and quarterly forecasts, and completion of the reporting requirements.
MIS reporting requirements of the parent company.
Provide overall financial cost accounting support, Manage monthly financial closings.
Perform detailed analysis of accounts, prepare month-end reports, and presented findings to top level management.
Assist in monitoring capital projects business development projects.
Assist in developing and monitoring internal control policies, procedures controls.
Perform detailed account analysis and corporate month-end processing and reporting.
Review the monthly business activity statements and review all monthly balance sheet reconciliations.
Responsible for monitoring stock levels and performing inventory reconciliations.
Handling of vehicle Import (Bank/Customs/Shipping line/Department of Motor Traffic) and vehicles costing.
Handling of NBT, ESC, Stamp fee returns & employees EPF, ETF, PAYE tax.
Facilitate annual income tax returns through SJMS Associates.
Handling of BOI returns & compliance with labour laws,
Monitoring payment to vendors / employees and resolve issues.
Assist to statutory audit and finalization of annual report.
Improve existing processes and streamline workflows.
Review and authorise the weekly accounts receivable and payable.
Supervision of all day to day operations of Finance Division.
Preparation of budgets, variance analysis and Management Accounts & other management information reports to the top management.
Reconciliation of General ledger, Creditors ledger, Debtors ledger, intercompany on monthly basis, & maintaining a computerized accounting system using Sage ERP Accpac.
Preparation of Annual Accounts.
Liaising with Banks, External Auditors, Government Authorities, Company Secretaries and coordinate with external parties.
Checking all commercial invoices with relevant supporting documents to make sure the accuracy of the Export income of the Company.
Checking the accuracy of Group Payroll System, over time cost, production incentive, all allowances & deductions on a monthly basis.
Authorization of all petty cash payments.
Authorization of all foreign & local payments of the Company.
Revenue Monitoring, GL Integration (Receipts, Credit Notes, Debit Notes and Invoices).
Implementing fleet management system procedures & monitoring controls.
Preparation of monthly accounts for the management & participating in management meetings.
Preparation of cash flow for monthly budgets (revenue and expenditure).
Handling staff salaries, Wages, & benefits
Credit Control.
Analysing the Receivables and preparing outstanding report with age analysis.
Reconciliations (Bank Loan Accounts, main cashbook, intercompany accounts, supplier accounts).
Handling external Audit matters.
Relevant banks, based on requirements, allocating funds for payments (Ex: Loans, suppliers, salaries and others).
Preparing forecasted cash flow for the management and comparison of forecast with Actual
SCQF Level 11 Strategic Management. SCQF Level 11 Strategic Financial Management. SCQF Level 11 Change Management and Strategic Leadership. SCQF Level 11 Marketing Management in Practice. SCQF Level 11 Strategic Resource Management in Organisations.
Managerial Finance Business Management Business Environment