To lead and advise the Business Unit in matters of corporate taxation, budgeting, compliance to legal matters, accounting and book-keeping
To support the Business Unit in managing the timely clearance of accounts payables, receivables and timely insurance of fixed assets to minimize financial risks to the business
Roles & Responsibilities
Responsible for corporate taxation budgeting including tax planning and changes in the tax budgets
Responsible for resolving legal matters like adverse notices and assessments in the taxation area
Lead the Business Unit?s budgeting and planning exercise from the Finance department
Ensure total compliance with laid down norms in terms of compliance financial inclusion, documentation, operational risk and other regulatory control standards
Design and implement control measures and monitor plans for compliance and risk management
Operational
To ensure monthly and annual compliances and implementation of operational tax law
To provide complete support for all tax audits in relation to direct and indirect taxes
To participate in budget setting, planning, monthly monitoring and reviewing
Ensure complete understanding of corporate laws, keep up to date with any changes in legal and regulatory frameworks and take any necessary corrective actions
To carry out all requisite activities related to accounting and book keeping such as General Ledger reconciliations, ledger entries, vendor payment processing etc.
Ensure timely completion of all payable activities such as vendor payments, salary pay-outs etc.
Ensure processing of sales orders, invoice processing, monitor receivables ageing and take appropriate legal actions upon delays in receivables
Lead the budgetary planning and monitoring exercise for the Business Unit
Ensure adherence to planned budgets and minimize deviations in spend from the allocated functional budgets
Timely prepare and submit the related MIS. Circulate the MIS to all concerned stakeholders as per the agreed timelines
Liaise with IFFCO?s corporate insurance teams to insure all fixed assets including, but not limited to plant machinery, infrastructure etc.
Lead negotiations with Insurance companies for all claims settlements related to the Business unit
Conduct risk assessments based on reports and insights shared by insurance companies to assess risk exposure to plants? fixed assets
Support the corporate legal team in managing all litigations related to the business unit involving taxation issues, trademark registry conflicts etc.
People Management
Allocate work to subordinates, nominate for training as per guidelines, conduct performance reviews and manage leave and overtime to ensure efficiency.
Participate in the identification of training and development initiatives for all subordinates
Drive the engagement and satisfaction of the team through holding periodic meetings to discuss the achievements and address any employee issues and/or concerns. Build an effective, efficient and motivated team
Supervise direct reportees in their day-to-day tasks and guide them in managing their performance by providing appropriate feedback and counselling. Provide recommendations to HR & Admin on hiring and promotions
KPIs
Timely processing of vendor payments
Adherence to legal regulations and local taxation norms
Adherence to budgets allocated
imely completion of budgeting exercise
Work experience requirement
Minimum experience of 8ÿyears within Finance function in FMCG or relevant industries.
Team management experience
Qualification
Chartered Accountant Or Post Graduation in Finance
CFA, CPA (preferred)
CompetenciesSelf and Team ManagementBusiness AcumenPlanning & Decision MakingFinancial planning and AnalysisDocumentation and ReportingBusiness Planning and ForecastingBusiness intelligence managementChange ManagementStrategic ThinkingOwnership & Result Orientation
