Fiance Manager

SUMMARY:
Fiance Manager

POSITION INFO:

DAILY BANKING-CASH FLOWS
Monitoring daily Bank Accounts and Fund flow requirements of all subsidiaries
Coordinate with branches for various issues
Preparation and reporting of Daily Cash Flow
DAILY PAYMENTS
Utility payments
Local supplier payments
Project payments
Logistics Payments
Petty cash payments
Tracking of cheques sent to branches and its subsequent release to suppliers
MONTHLY
Check and verify bank reconciliation statements of subsidiaries
Cash reconciliation
Credit card reconciliation
Supplier reconciliation
Current account reconciliation
Purchase reconciliation
Monthly fund flow statement and cash flow forecasting
Monthly MIS reporting and consolidation
Variance analysis
MONTHLY PAYROLL RELATED
Ensure all statutory compliances of all staff and payroll related matters as per local laws
Submitting salary transfer letter to bank
Issuing payslips
Coordinate for leave settlement and final settlements
ON GOING STATUTORY MATTERS
Regular monitoring and preparation and payment of VAT returns
Monitor withholding tax / payments / returns filing
Social insurance issues and payment
Submission of audited financial statements to tax and other departments
Coordination of fixed assets procurements where applicable
Communication of all correspondence / notices, if any, received from an statutory body and escalation for resolution under the guidance of the Board of Directors
To ensure that all statutory liabilities paid on time and all returns all filed well ahead of the due date so as to ensure no penalties / fines are levied against the Company.
ON GOING SECRETARIAL MATTERS
Ensuring that auditors or accountants maintain correct records of secretarial documents
Ensuring that Shareholders Agreement is adhered to all points in time in business decisions at ground level
Necessary resolutions are drafted and signed by Shareholders where required<br>
Understanding the Company Law process independently and structuring the companies in line to ensure compliance
BANKING MATTERS
Ensuring that Banking is in tandem with Shareholders Agreement and resolutions and Banks confirm to the shareholders agreement and resolutions
EXCHANGE RISK MANAGEMENT
Liaise and be in touch directly with Banks of Subsidiaries in the region.
Ensuring Banks only recognize authorized signatories instructions at all points in time
Ensuring effective cash flow management to avoid penal interest and meeting obligations on time
To continuously revisit Loan funding in various currencies and triggering off loan restructure in anticipation of exchange variations of  / 10%
To look at ways and means to reduce funding costs / bank charges / guarantee charges
To continuously revisit Foreign Debtors / Creditors in light of forex variations and change terms of settlement / invoicing where applicable / possible.
To start process of forward cover / spot contracts for reducing exchange variation exposure of subsidiaries
OTHERS
Preparation of financial statements
Liaise / negotiate with vendors suppliers / contractors, as and when required
Liaise with statutory auditors for annual statutory audit
Liaising for periodic internal audit
Submission of audited financials to government authorities
Preparation of annual budgets
Evaluating comprehensive insurance requirements and ensuring proper coverage
Listing for tax issues (prior working experience in tax environment mandatory)
Ad hoc Feasibility and Cost Benefit Analysis studies
Cost control / Internal Control continuous evaluation and improvisations IT-Related
Manage IT-Staff of Subsidiaries and assist in co-ordination of any IT Capex issues
Ensure Health of IT equipment / servers in working condition and trigger Capex in this regards

KEY SKILLS

Be conversant with IFRS and GAAP.
Ensure timely internal and statutory audits.
A proficiency in Hindi/Urdu Language to liaise with Head Office situated in Middle East
Must be willing to travel at least 15 days a month

QUALIFICAIONS

Cost and Management Accountant / Masters in Finance or other equivalent
10 years experience in the accounting/auditing profession
Shipping Experience

 

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