Assistant Manager - Finance & Accounts

Company : Apraava

Job Type : Full Time

Mumbai, India

Job Description - Assistant Manager - Finance & Accounts

Description

PRINCIPAL ACCOUNTABILITIES

Accountabilities	Major Activities
Monthly Reporting	Prepare consolidation for all Apraava Energy entities. Discuss with BU/ project heads to optimize forecasts; Conduct periodic review of performance against budget; Prepare MIS reports (monthly / quarterly / annually); Discuss with BU/ project teams to understand and address reasons for deviations from budget; Conduct analysis like impairment and what-if, to assess progress of budget and future business planning; Participate in finance reviews and business reviews to present MIS for the BU/ project, and provide inputs for business decisions. In order to support profitable business decisions and ensure adherence to BU/ project-wise financial plans & budgets.
Performance tracking and reporting	Monitor actual performance against budgets on monthly basis. Conduct monthly review with budget. Highlight any deviations to supervisor for further action. Update forecast for the year based on latest business developments. Prepare YTD (Year to Date), current year vs. previous year, actuals vs. budget documents etc. Compile relevant documents in a management report and submit to HK. In order to prepare reports in time and submit them to management for decision making.
Business plan preparation	Co-ordination within team and other business unit teams for getting data related to business planning. Constant follow-up to get the data in time. Discussion with relevant business unit team about the data received. In order to prepare an accurate business plan as per forecasted performance by the organization.
Internal / External audit preparedness	Maintain all documents related to audit. Provide information required by auditors in time and resolve queries raised by auditors. Provide support for implementation of audit recommendations. In order to ensure all the relevant documents are well maintained in line with audit requirements.
Periodic Analysis and Reporting	Track/ monitor financial performance of Apraava Energy on a monthly basis in coordination with various locations. Prepare and circulate Apraava Energy monthly report containing the consolidated and unit wise performance of various businesses on various parameters (operational, financial, corporate, etc.). Prepare annual reports as per organization guidelines and submit them to senior management for review and approval. In cases of adhoc requests, prepare reports for supervisor and other senior leaders. Oversee group level report preparation and timely & accurate submission to Group company; In order to provide CLP Group management, and other stakeholders with an accurate and up-to-date overview of Apraava Energy business.
Preparation of Consolidation Accounts as per INDAS	Preparation of Consolidated Accounts for the fiscal year end and get them audited within the specified time frame. In order to provide consolidated accounts to auditor in a timely and effective manner
Build financial controls	Review the processes as per the business need and suggest additional controls and process improvement. Ensure compliance with Internal Financial Controls requirements as per The Companies Act, 2013. In order to create sound internal controls in the organization. Timely Completion of reviews as per the internal plan Unqualified Audit opinion from statutory auditors
Monitor financial controls	Monitor the implementation of recommendations by GIA and other audits / reviews conducted internally or by external consultants. Assist / monitor Consultants in Internal Control Testing (SOX) documentation and testing. In order to assist in the implementation of the additional controls in a timely and effective manner Communicate with relevant stakeholders for implementation of recommendations by the GIA. Monitoring the implementation plan.
Policy & process: Continuous process improvement	Prepare and maintain a repository of all the policies / procedures / manuals applicable to Apraava Energy entities. Monitor the review due dates and intimate the respective HODs well in advance when they are due for review. Assist HODs in the review process, if required. Review the key policies and procedures and suggest improvement areas with the objective of strengthening the controls. Identify the areas / process, where policy / procedures need to be documented and assist the respective HOD and Business Head in preparing the document. Review all new policies and procedures from a controls perspective before they are introduced. In order to assist HODs and Business Heads in preparing and maintaining relevant policies and procedures in order to develop a high performing team Timely and relevant inputs to the user department Timely intimation of policy review due dates to the user department

DECISIONS

Decisions made by job holder

Prepares summary of changes, if any, in internal control processes, identified during walk through of the process.

Prepares summary of all new risk identified as per risk matrix, by this eliminates the irrelevant risk which does not fall within the risk matrix.

Prepares MIS and consolidation and sends summary of earnings to superior

Introduces new controls / risk mitigation plan as and when required.

Recommendations to or approval by superior

Summary data is sent to superior for his approval in case of change in controls.

Summary data is sent to the superior for his approval for introduction of new risk if any.

Earnings and forecast summary to superior for review and change if required.

INTERACTIONS

Internal Clients

Roles you need to interact with inside the organization to enable success in your day-to-day work

Co-ordination with other departments for getting their time for review of their controls / policies, as we have to constantly follow-up to get the job done.

Co-ordination within Accounts team for month consolidation, as we have to constantly follow-up to get the job done and also reconcile the inter-company balances.

Co-ordination with other departments to get the qualitative inputs for MIS reporting to management, as we have to constantly follow-up to get the requisite data for reporting to management for timely decision making.

External Clients

Roles you need to interact with outside the organization to enable success in your day-to-day work

Co-ordination with consultant for yearly walk thru of internal control process with different departments within the company

Co-ordination with auditors for timely audit of consolidated financials and discussion with them on implementation of new accounting standard or note as introduced by relevant competent authority.

Co-ordination with payroll consultant to get the data in time and accurately for processing of salary

SKILLS AND KNOWLEDGE

Educational Qualifications

Minimum education qualifications for the position: B.Com. with CA

Functional Skills

Proficient in MS Office suite

ERM methodology

Internal audit / Process reviews

Communication skills

Teamwork

Interpersonal skills

Results orientation

Attention to detail

Relationship Management

Relevant and total years of Experience

Eperience : 2 - 5 years

Specific experience: Risk management and internal control processes (ERM, BPR, process reviews, internal audits, SOX, F&A, Taxation

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Assistant Manager - Finance & Accounts

Job Description - Assistant Manager - Finance & Accounts

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