Book Keeping - Mumbai, India - Bajaj Electricals

Bajaj Electricals

Verified Company

Mumbai, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Date:
Oct 30, 2023- Location: Mumbai, MH, IN- Company: Bajaj Electricals-
Financial reporting, consolidation and exchange compliances

Preparation of quarterly standalone and consolidated financial statements from SAP/Fiori Group Reporting systems, along with automated cash flows
Coordination with intercompany reconciliation team to review the intercompany eliminations for the process of consolidation.
Oversee the accounts of the Company's subsidiary and joint venture to ensure that there are no major accounting complications. Aid the Company's subsidiary, associate and joint venture with regards to various accounting matters. If required, resolve any queries with auditors to ensure that accounting is not impacted on the consolidated accounts.
Ensure that common chart of accounts is implemented across all affiliate entities
Perform a high level review GL Code wise, BU wise to ensure correctness of financial statements
Preparation of quarterly results and press releases to be declared to the exchanges
Coordinating with system support partners to ensure that SAP/FIORI Group Reporting systems are running properly

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Management Reporting

Preparation of Board Report to be submitted for every quarterly board meeting
Implementing points mentioned in the audit committee meetings
Assist the strategy team in preparation of Investor Deck, MD&CEO Deck and other deliverbales for every quarterly reporting

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Audits

Provide 100% support to the statutory auditors to ensure that their audit process is smooth
Coordinate across audit team and ensure mínimal escalations. Play a role of bridge between the support functions and the auditors
Lead the tax audit and ensure that it is completed on time. Discuss applicability of new clauses to ensure mínimal discussions
Provide support to the internal auditors
Provide support to the statutory auditors for the IFC audit

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Provide cross functional support to various teams i.e. commercial, logistics, taxation, treasury, internal audit, MIS, Legal, fixed assets, etc.

Review the working of retailer bonding scheme provision and provide accurate entries for provision
Replicate the ECL provision vis a vis the policy provision and ensure consistency and adequacy of provisions
Review the workings under Ind AS 116 leases and provide accurate entries after considering new leases, deletion of leases and lease modifications
Oversee the workings of the taxation team to provide accurate current and deferred tax entries on a quarterly basis
Oversee the accounting impacts for the treasury areas and provide constant support to them with respect to financial statements affecting their areas
Preparation of quarterly risk assessment chart for various internal financial controls in the accounting process. Identification of new risks and ensure that controls are effective
Work in tandem with the MIS team and ensure consistency of MIS reports, board reports with financial statements. Provide key inputs if any during budget preparation
Preparation of managerial remuneration as per Companies Act 2013. Oversee the legal provisions. Contingent liabilities with respect to their adequacy of provision in the books
Provide Adhoc assistance to the team of fixed assets with respect to any accounting queries, depreciation related matters, impairments, held for sale properties, etc.

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Application of new accounting standards and technical repository

Deal closely with the consultants and support partners to ensure correct analysis is carried out for new accounting standards and ensure that it is done in the best interest of the Company
Provide trainings to the finance team members on certain technical matters and maintain repository of new pronouncements, technical guidance, etc.

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Adhoc. Assignments / Strategy Initiatives

This is a very exhaustive role and has no limits. The role requires to take charge of adhoc projects that may be given by VP Finance or the CFO. These could be short term projects, long term projects, projects that may be towards fixing loopholes, projects that may be towards strengthening the accounting process, etc.
Evaluation of various investment proposals for onward submission to CFO
Yearly updation of accounting manual
Preparation of AGM related activities