Corporate Plant Accounts
4 years ago Banking Mumbai 264 views Reference: 1412Job Details
Purpose :
Responsible for corporate control / monitoring over all the JSW Steel Group Plant Finance & Accounts functions in line with the corporate policies and processes, Common Reporting & control activities.
Key Result Areas :
1. To ensure the book close/ Plant Accounts Financial Closing on monthly/quarterly/annual basis as per timelines agreed.
- Structured Financial MIS and Analysis Pack for Plant Financial Reporting - Cost and Variance Analysis.
- MIS for Executive Committee /Audit Committee /Board meetings.
- Ensure that the Internal Control over Financial Reporting/ Internal Controls are designed as per process and ensure operating effectiveness of the same
- System Development initiatives across SAP Modules -Automate Rebates, NSR Reports from SAP.
Critical Tasks:
- Monthly Closing of Plant Financials by 8th of Next Month.
- Structured MIS for Financial Reporting all plants to be submitted by 13th of Next Month.
- Plant Board Notes and Board Information submission by 13th of Next quarter.
- EBIDTA Analysis of plants on monthly basis by 10th of Next Month & Quarterly Profit & Loss Analysis for all plants by 15th of Quarter ending.
- Balance Sheet Analysis for all plants by 18th of Quarter ending.
- lCFR reporting for FY 2017-18 - Design Risk Control Matrix for all key Controls and ensure operative effectiveness of the same.
- System Development initiatives, System /Users Controls - Automate Audit Requirements from SAP.
- Design Analysis pack for financial reporting and ensure analysis pack is available for management review well in advance.
- Business analytics for improving reporting and add value to the business by way of being critical interface between business. - NSR Reports, Balance sheet analysis and ageing reports
- To ensure financial process of book close, AP, AR and R to R operating efficiently (Review of KPI for each of the functions) and ensure standardisation across business.
- Improve efficient, automate and review of the finance processes -AP,AR
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Sales accounting process- Credit Notes, Export Benefits Module
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AP/AR-Ageing, review of KPI
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Automation of RTP limits and tracking.
- Preparation of Balance Sheet for Business Plan - Plants.
- Compliance related to Related Party Transactions -Audit Committee approval for all related party transactions, track the RPT within the limits approved and Compliance to SEBI listing guidelines.
Decision making authority:
- Discussions with Products Sales Heads and finalization of Sales Quantity on monthly basis.
- Month cut off for Material Transactions and SAP Closing for Material Period.
- Analysis of Cost Vs Accounts booking in SAP and go ahead for Monthly Cost Valuation through SAP Material Ledger Programme.
- Related Party Transactions Tracking & approval mechanism
5. SAP User/System Control for JSW Ltd.
Educational Background and Work Experience
- Chartered Accountant / Cost Accountant /Company Secretary
- Preferred Experience in ICFR Reporting, INDAS accounting, Accounts & Finance, Analysis of Cost & Variances & Board Compliance
Competencies:
- Knowledge of SAP/ ERP process for FICO Module and knowledge of SAP Process Cycles along with Excel Analytical tools: (Finance & Costing Module)
- Procure to Pay (P to P)
- Order to Cash (O to C)
- Record to Report (R to R)
- Hire to Retire (H to R)
- Inventory Management
- Fixed Assets
- Business Acumen
- Relationship Management
- Knowledge of Applicable Accounting Standards & Accounting Treatment of various Transactions
- Liasoning with various internal/ external customers
Working relationships - Stakeholders
Internal:
- Plant Finance and Accounts Team
- Shared Service Vertical (GBS)
- Internal Audit Team
- Working Capital & Project Finance Function
- Marketing Team corporate & Plant CSD
- Commercial Team Corporate & Plant
External:
- Statutory Auditors
- Management Auditors
- Vendors & Customers
- Bankers
- Statutory Authorities
- Local Bodies
Key Success Factors - Challenges
- Relationship building skills for various cross functional Dept. at Plant locations (i.e. Commercial, Marketing, Finance, Working Capital, MIS & Budgeting so as to collect/analysis information meaning fully and submission on timely basis.
- Meeting Target Dates for various Material Transaction closing, Sales Closing, Monthly Accounts provisioning,
- External Stakeholders information submission on timely basis.