Job Description

Responsibilities:

1. Accounts and Finance:

1. Prepare & Ensure all kinds of Accounting work including monthly provisions, Revenue, and management agent commissions are updated.

2. Ensure and check Vendors and Customers\' accounts are reconciled.

3. Provide daily/monthly/quarterly/annual MIS to HO and ensure all reporting targets are met.

4. Coordinate with HO for finalization of quarterly/annual Trial Balance.

5. Reconcile inter-company and inter-unit balances.

6. Review and ensure corrective action of Internal Audit report in consultation with Business/Finance Head.

7. Working documents of Statutory Audit requirement for Annual Accounts as per local laws and India.

8. Timely settlement of advance to staff and creditors

9. Monitor all cash and banking activities; check and provide Cash Flow statements to the Corporate Office on a daily basis

10. Provide information and assistance for sanction/renewal of term loans and working capital facilities to the Corporate Office.

11. Ensure Compliance with sanction letter for term loan and working capital facilities in consultation with the Finance Head and Corporate Office.

12. Coordinate with the Corporate Office for funds requirements and remittance as per guidelines of the Central Bank (RBI) in India.

13. Preparation of product-wise Cost sheets.

14. Reconciliation of Costing profit/ (loss) with Financial profit/ (loss).

15. Preparation & review of annual budget report (product-wise) to top management

16. Working on Major Cost items, Overheads, raw materials and packing material

17. Submission of Annual financial budget which includes production, sales, expenses, etc. In consultation with the Business & Finance team.

2. Commercial & operations:

1. Filing of local statutory returns including sales tax and levies etc. monthly, annually, half-yearly, annually as per local Rules and Regulations

2. Adequate insurance of fixed assets and stocks at a competitive rate by taking quotes from 3 reputed Insurance Companies and if existing policies are there, then before expiry period renews it based on a replacement value system. In case of additional fixed assets during the year and increase in inventory level, value of insurance to be increased.

3. Validation/renewal of taxation licenses, labor licenses, operational licenses, etc. prior to expiry.

4. Any other work assigned by the company and management

5. Updating Policies and processes & taking corrective action wherever required.

3. Stock & Inventory Related:

1. Managing & monitoring the Export invoicing process, ensuring hedging for available stock on a regular basis.

2. Control the level of inventories within defined limits

3. Ensure Stock and Purchase procedures stipulated are complied with

4. Ensure all incoming materials and outgoing materials are properly accounted for on daily basis

RIGHT CANDIDATE :

- CA/MBA Graduate with a minimum of 2-4 years of Finance operations experience in the US retail sector/ preferably from the Retail Jewelry business.

- Good knowledge of accounting practices, US GAAP, and IFRS processing financial transactions and Finance related activities

- Well-versed with US State/ Federal Compliances

- Strong interpersonal skills, as well as, oral and written communication skills

- Demonstrates ability to solve problems, think logically, work independently to resolve issues, and confidently presents findings and recommendations

- Must possess advanced technical skills in Microsoft Excel, PowerPoint, and Word

- Excellent communication (written and verbal), analytical and interpersonal skills

- Knowledge of ERP/ Retail Applications (Oracle/ POSS)

- Ability to handle multiple tasks under tight deadlines. Goal achievers & positive thinking

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