Assistant Finance Controller – Automotive

Description

In this role, you will be responsible for supporting the financial management and operations of the company, working under the guidance of the Finance Controller.

• Accounts Closing & Financial Preparation
• Ensure accounting accuracy with adequate validation and checks. 
• Preparation of statutory financials every quarter for all entities in BU.  
• Ensure intercompany reconciliations are completed every month and balances confirmed with counter party. 
• Ensure BRS is completed every month, and no open item remains beyond the last week of the month. 
• Ensure year end statutory financials are prepared in compliance with applicable 
• Accounting Standards, reviewed for accuracy and submitted to Statutory Auditors with all necessary supporting information and sign off within prescribed timelines. 
• Ensure all queries & additional information requested by Statutory Auditors are submitted and closed within set timelines. 
• Ensure provisions are analyzed and reviewed for adequacy on a monthly basis. 
• Ensure adequate CAPEX control exists in the BU. Additions are processed in 
• compliance with policy with necessary justification, comparative quotes etc. Assets are periodically verified, tagged and variances reported, adjustments made with appropriate approvals. 
• Ensure financial systems/ modules (ERP, EPM, SAP, CDK etc.) are adequately configured with necessary control and validation checks.
• Receivables & Payables Control
• Receivables 
• Ensure appropriate Receivables monitoring & collection process exists in BU.  
• Adherence to Group Credit Control policy. 
• Ensure necessary documentation is in place to facilitate recovery of dues in case of legal action.  
• Exchange of monthly statements and quarterly balance confirmation with customers. 
• Dues to be collected within approved credit period. 
• Ensure adequate provision is created as per Group policy, also compared with ECL method as per IFRS 9 and maintain whichever is higher. 
• Payables 
• Ensure appropriate procure to pay process in place. 
• Vendor credit terms are periodically reviewed. 
• Vendor balances are reconciled monthly and balance confirmations obtained quarterly.
• Cash flow Management
• Ensure effective planning and execution to have positive cash flows month-over-month 
• Ensure no idle cash remains in the Business by resorting to, 
• repay loan if any and/ or 
• invest in FD 
• Major unexpected collections and payments to be immediately informed to GT for effective cash management.
• Overhead Control
• Extend complete support to GIA initiatives & verifications.  
• Ensure all compliance /responses coordinated with respective stake holders and submitted within stipulated timelines. 
• Escalate overdue High Risk open items on priority for resolution and co-ordinate for timely closure. 
• All action items assigned to Business stakeholders are followed up and closed within the agreed timeline.