1 Accounts Ensuring that the accounts are correct & up-to-date in SAP
2 MIS Ensuring preparation & analysis of MIS - periodical & need based.
Submission of MIS & analysis to HO as per schedule or as and when needed.
3 Audit Ensuring periodical/ annual audit of accounts as per scehdule & VAT audit
4 Statutory Compliance Ensuring 100% statutory compliance
Submission of monthly & quarterly compliance checklists & certificates to HO as per schedule.
5 Tax Planning planning tax outgo at the beginning of the year and doing periodic review in consultation with the auditors and HO tax & IMD HO finace team.
6 Costing Putting in place a robust system so that accurate product cost is available on real time basis
Checking/ comparison/ reconcilaition of cost data and highlighting wherever deviations are noticed at the earliest possible.
7 Budgeting & Budgetary Control Compilation of budget in jointly with maketing, sales & operations
Review of budget with President and then with IMD HO - Finance team
Ensuring that the expenses remain within budget.
8 Internal Control Building strong controls & SPOs so that there are no financial losses/ leakages in any process - marketing, sales, distribution, procurement, operations & elsewhere in the organization.
Ensuing the SOPs are impelmented & adhered to.
9 Legal Matters Keeping track of changes in law
Keeping track of/ pursuing legal matters and remaining in constatnt touch with the lawyers/ consultants, HO legal team & IMD HO finance team
10 Cost Reduction (including localization) Leading the cost reduction exercise, including identifying areas for cost reduction, pursuing achievement against agreed action plan & timelines, sending updates to HO.
11 Treasury & finance Ensuring optimum utilization of funds
Exploring investment/ repatriation of surplus funds
Hedging foreign exchange fluctuation risk
12 Automation/ SAP Ensuring that functionalities currently available on SAP are fully utilized and ahered to.
Effort should be made to ensure that more processes are automated for incease efficiency & better control.
13 Commercial Preventing unnecessary of blockage of working capital in inventories & receivables
Pursuing for timely achievement of sales targets
14 Risk Management Anticipating business risks and suggesting mitigation plan
Ensuing timely action for risk mitigation and updating IMD HO
15 Business Development Identifying areas of opportunities for business expansion.
Key Internal Interfaces Key External Interfaces
• Local commercial, marketing & sales team
• HO finance, commercial, supply chain teams
• Govt. Departments/ Agencies