Job Description

:1.Financial Accounting and Reporting:

• Manage the preparation and analysis of financial statements in accordance with Indian accounting standards
• Ensure accurate and timely recording of financial transactions, including journal entries, reconciliations, and financial close processes.
• Perform variance analysis and provide insights into financial performance.
• Assist in the preparation of budgets, forecasts, and financial projections.
• Collaborate with external auditors during the quarterly limited review and annual audit process

2. Taxation and Government Assistance:

• Prepare and file direct and indirect tax returns, ensuring compliance with applicable laws and regulations.
• Stay updated with changes in tax laws and regulations and communicate their implications to the finance team.
• Conduct tax planning and analysis to optimize the organization\'s tax position.
• Assist in tax audits and address any queries or issues raised by tax authorities.
• Preparing and filing necessary documents to avail financial assistance from state and central government under applicable schedules

3. Internal Control and Audit:

• Develop and implement internal control policies and procedures to safeguard company assets and ensure compliance.
• Conduct internal audits to assess the effectiveness of internal controls and identify areas for improvement.
• Monitor and review internal control documentation and recommend enhancements as necessary.
• Assist in the resolution of audit findings and implement corrective actions.

4.Accounts Receivable and Payable:

• Oversee accounts receivable and accounts payable functions, ensuring accurate and timely processing of invoices, payments, and collections.
• Monitor and manage the organization\'s cash flow, including cash forecasting and liquidity management.
• Coordinate with vendors, customers, and internal stakeholders to resolve any billing or payment discrepancies.
• Conduct periodic aging analysis and initiate appropriate actions for overdue accounts.

5. Banking:

• Manage the organization\'s banking relationships and ensure effective utilization of banking services.
• Monitor cash balances and initiate fund transfers as required.
• Reconcile bank statements and resolve any discrepancies.
• Assist in the administration of credit facilities, Bank Guarantees, L/Cs including loan documentation and compliance.

Larsen & Toubro