Brief Description

Hiring Finance Manager

Role Summary :Working closely with the Senior Management and ensuring the Financial, accounts and Statutory Governance is adhered and Corporate and across the Branch network.

Experience: 10 + years in Finance & Accounts,Retail sectore

Qualification: CA, MCom

Roles & Responsibilities

 Financial Planning and Management
•    Business Strategies in discussion with the Top Management, Preparation of action plans and ensure their implementation.
•    Finance model for business projects, advise Top Management on the best available strategies, discussion/liaison and negotiation with banks for new loans.
•    Discuss with Management on the Future Business Plans, work out strategies and implement. 
•    Preparation of yearly budgets, with inputs from other departments, finalize the same with Top Management. Monthly review, analyze the variances and advise on course of action.
KPIs
•    Variance in planned budget vs actual cost incurred.
•    Timely closure of budget.
•    Budget ready by end of March of every year.
•    Operating cash flow efficiency.

 Taxation/Statutory compliance
•    Is responsible for managing the organization’s taxation affairs which include optimizing the organization’s tax compliance through reviewing tax provisions and identifying areas of opportunities while managing tax liability
•    Establishes steps to ensure that the taxation declarations are in compliance with tax regulations. Reviews any new tax legislation that affects the organization and assists in tax audits. 
•    Provides advice on tax implications for proposed transactions such as assets disposal and ensures that all statutory requirements of the organization are met including Income Tax, Goods and Services Tax etc.
•    Verifies the statements related to tax - Income tax, Income tax returns, TDS, TCS, GST are accurate & filed on time and is compliant to the latest regulatory norms & policies
•    Ensure 100% statutory compliance in all areas
•    Liaison with legal consultants in respect of pending litigation/follow-up of notices etc.

KPIs
•    Advisory on managing optimum tax liability.
•    Closure of taxation related statutory actions working proactively with the authorities, liaison with the Legal/Professional Consultants.
•    Ensuring timely attending to the notices and appearances for the same.
•    Timely disclosure to Top Management on the statutory issues pending.

MIS Monitoring and Reporting
•    Monthly MIS Reports of Profitability with required analysis and recommended actions.
•    Proper allocation and monitoring the spent as per the approved budget.
•    Variances highlighted to Functions, analyze based on justifications.
•    Maintaining and monitoring the gold and diamond buying rates, bank interest rates, loan management etc., which finally contributes to the profitability.
•    Benchmark Setting & Monitoring - Evaluate trends on product lines, locations and suggest realignment of financial strategy.
•    Pricing strategy inputs.
•    Incentive Parameter Setting: Incentive framework monitoring.
•    Measures adopted and implemented to control costs and periodic review process.
•    Monitoring of all books of accounts.
•    Monitoring & Control of all Bank & Cash transactions.
KPIs
•    MIS Accuracy.
•    Trend analysis leading to course corrections.
•    Reduction of branch expenses through smart MIS tracking and also by implementation of SOPS.

 Financial Governance
•    Preparation of SOPs by using established frameworks and implements the related systems and processes to ensure that all financials are managed well to ensure data integrity.
•    Identify and implement Financial & Accounting SOPs and processes.  Ensure that the SOPs and processes are followed.
•    Is responsible for conducting internal audit which includes financial audit to ensure that the areas are in compliance with local requirements and corporate governance standards and regulations.
•    Examines accounting records to detect areas of non-compliance and recommends improvement to organization’s financial/accounting procedures.
•    Provides assistance to external auditors in statutory audits.
•    Finalization of scope of in-house internal audit team.
•    Developing and finalizing audit scope of external internal auditor.
•    Ensuring that the audits are conducted as per schedule and reports submitted, follow-up action to be done.

KPIs
•    Audit schedule adherence.
•    Corrective actions in response to audit comments.
•    Up to date documentation of SOPs.

Location: Ernakulam, Cochin, Kerala