Finance & Accounts JB 10
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Job Location:
Monthly Salary:
Posted on:
20 hours ago
Vacancies:
1 Vacancy
Job Summary
Job Purpose
To plan and implement Companys Taxation (Direct & Indirect) Policies & Practices formulate & institutionalize Internal Control systems ensure compliance to Finance related statutory obligations to avail maximum benefits within the frame work of existing Tax laws.
To plan & implement proper measurement disclosure & provision of assurance about Financial Information to safeguard assets of the Company.
Job Context & Major Challenges
Job Context:
Hindalco the flagship company of the Aditya Birla Group has several vertically integrated Businesses from Bauxite extraction till rolling of Aluminium Ingots into Sheet Products Foil Products and extruded the entire value chain the Foil stock of Mouda FRP will be used as input to Mouda Foil Production. Mouda Foil is earmarked to produce the thinnest Foil gauge to cater the end use in Cigarette foil Tetra pack foil and House Foil. Also it caters the end use of Laminated Foil for Pharmaceutical & Confectionaries packaging apart from the bare Foil market.
In that perspective Mouda FRP & Foil Plant plays a major role in consolidating the Business by offering a host of Value added products.
Job Context
controls to safeguard existing assets valuing 200 cr. additional 345 Project stage & other current assets with a clear focus on accuracy.
Statutory Compliance of Direct and Indirect Taxes Rules and Regulations to meet statutory obligations and claim available incentives.
Capital review to ensure no blockage of funds
systems to achieve 100% Statutory compliance & ensure no liability inflicted on company.
provider to stakeholders i.e. other departments and Corporate Finance division kind of service provided facilitate these stakeholders to achieve their goals.
financial impact of new products / activities.
& expedite eligible claims under Foreign Trade policy of Govt. Of India & others Act & Rules.
with Govt. Offices to secure permissions approvals claims related to Central Excise Value Added Tax.
superiors to achieve company goals.
Job Challenges:
be updated in Change in Policies Rules Regulation & Procedures in Direct & Indirect Taxes.
Show Cause Notice on similar issues in Excise & Service Tax.
updating with latest Accounting Standards aspects of Financial Management and explore its use in the related areas.
dealings with various Govt Authorities.
Key Result Areas
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) | |
|---|---|---|
| KRA1 | Accounting | Company policies adhered to by constant review. Inventory valuation to reflect in books of accounts. capital expenditure and revenue expenditure properly accounted that depreciation is properly calculated the bill passing function all relevant documents information & facts before company auditors document cut-off numbers from stores and dispatch department and match with accounting records. that vendors and service providers bills are received accounted and paid in time effective steps like agreements bank guarantee insurance etc. to protect the assets moved out for conversion job-work and other purpose. proper documentation for material movement so as to avoid seizure etc. at various statutory in-transit checks. for the insurance of in-transit material. transporters who carry materials for the company. shortage claims on company with the help of other departments. modalities to achieve savings in form of lower taxes & other costs so that customer gets lower landed cost. |
| KRA2 | Taxation | systems to comply with the statutory obligations under various statutes viz. Central Excise Customs Service Tax Central Sales Tax Maharashtra Value Added Tax Income Tax Act Gram Panchayat Tax & others the preparation of eligible claims under Central Excise Rules like Rebate / Refund claims. & follow-up with Govt. offices for permission / approvals certificates as prescribed under Foreign Trade policy. eligible CENVAT Credit claimed eligible MVAT Set-off claimed reconciliation prepared for CENVAT Credit balances all Central Excise Returns viz. ER-1 ER-4 ER-5 ER-6 are filed within prescribed time. all CST & MVAT Returns are filed within prescribed time. that all prescribed Sales Tax Declaration forms are issued to vendors eliminate further tax liability obtain prescribed Sales Tax Forms from branches & units proper information to Central Excise whenever called for with Central Excise & Sales tax officials to genuinely consider our various applications for annual prescribed MVAT Audit yearly audits conducted by Central Excise Department and Office of the Comptroller & Auditor General of India |
| KRA3 | Stakeholders Satisfaction | stakeholders needs. team members to provide better service to stakeholders viz. Corporate Finance Division other Units & other departments of the Unit. the sense of urgency in team members before assigning the task. support staff to meet the targets with accuracy -back from the stakeholders. |
| KRA4 | Asset protection | Accounts to ensure policies are adhered to and targeted accuracy is achieved. Security office records & measures frequently cash flow details of Actual v/s Budgeted expenditure. various details to concerned departments to have control over expenditure austerity measures & Financial discipline earlier decisions impacting efficiency inter-departmental meetings to sort out issues weighbridge & scales are calibrated. |
| KRA5 | Working Capital | optimum inventory level considering scale of operations consumption & procurement pattern to minimize the inventory blockage of funds funds requirement to treasury to make arrangements surplus inventory can be used by other locations settlement of dues |
| KRA6 | Organize manpower | of personnel considering job-requirement. individual team members training needs. staff members in implementing company policies effectively with the team members & Share company objectives good working practices. |
| KRA7 | WCM | Implement 8 Dimensions of WCM Excellence Model as a leader of KMFA Teams & Operating Teams |
Required Experience:
Manager
Key Skills
- Financial Services
- Financial Models
- Account Management
- General Ledger Accounts
- ERP
- Payroll
- External Auditors
- Customer Relationships
- Credit Card
- Financial Statements
- Business Units
- Annual Budget
- Income
- New Clients
- Financial Management
About Company
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