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    Head of Finance and Accounting - Ahmedabad, India - Welspun Transformation Services Limited

    Welspun Transformation Services Limited
    Welspun Transformation Services Limited Ahmedabad, India

    Found in: Appcast Linkedin IN C2 - 1 week ago

    Welspun Transformation Services Limited background
    Description

    Key Accountabilities & Interactions

    · Escalation Management

    · SLA & Reverse SLA Management

    · KPI Governance

    · Managing stakeholders - CFO of respective Clients

    · Government Agencies / Banks / Consultants / Internal & External Auditors

    Your key responsibilities:

    COO is expected to have end-to-end function Knowledge & understanding including (General Lager, Indirect/Direct TAX, Government Incentives, Accounts Payable, and Accounts Receivable). He/ She is expected to guide the team and have result oriented approach keeping customer centricity in mind. Please refer to the below points for a detailed understanding of the role with specific towers & headcount.

    General Ledger

    · Lead the year-end closing process

    · Guide & Monitor asset, liability, capital accounting, and analyzing account information; Summarizes current financial status by guiding team in coting information; preparing balance sheet, profit, and loss statement, and other reports

    · Monitor Document financial transactions for several legal entities;

    · Review financial discrepancies by collecting and analyzing account information

    · Substantiate financial transactions by auditing documents and ensure that financial statements and records comply with laws and regulations

    · Lead external statutory and fiscal audits and ensure 100% compliance report

    · Guide & Monitor team to Develop procedures and controls to ensure accuracy and standardize and/or simplify processes;

    Accounts Payable

    · Lead process delivery for AP & Treasury Functions

    · Review GRIR Ageing and take the required action to keep it in control

    · Keep strong governance on Advances & Clearance

    · Understanding of TDS & applicable TAX to guide team

    · Review and put strong control on TDS deduction

    · Guide team in resolving exceptions and take lead to close all escalations

    · Review and report the performance of the AP & Treasury tower to the respective stakeholders

    · Align team performance with shared services operations' performance objectives

    · Lead & Manage systems /automation, process, workflow improvements, and enhancements pertaining to his/ her team

    · Responsible for developing and reporting operational metrics, SLA and identifying opportunities for improving operations and services of his/ her team

    Accounts Receivable / OTC

    · Accountable for entire OTC process and departmental functions such as customer master maintenance, Credit administration, collections, cash application processes, AR-related management reporting, tax compliance & corresponding internal controls,

    · Establish and guide the OTC team and operations across all entities in a KPI-driven Shared Service Centre environment,

    · Review & Guide team in Implementing and preparing a strategy on day to day basis to achieve monthly collection target, reducing deductions, clearing over dues, if any, and expediting the billing process with minimum disruption

    · Implement strategies in the OTC processes to reduce companies' DSO and past due Invoices,

    · Establishing an adequate control environment and optimizing the efficiency of the OTC process with a focus to deliver improvement in the working capital of the company, operational support, assistance to the OTC team to ensure a smooth and timely sub-ledger close,

    · Responsible for the overall performance of the team, monitoring their performance, providing timely feedback & assisting them to improve on their identified training needs.

    · Understand business /strategies for order management and support automation of business processes across order management,

    · Develop and publish weekly / monthly/quarterly key performance indicators (KPIs) to stakeholders and executive management

    · Reviewing and analyzing current procedures in order to recommend and implement changes to standardize activities and integrate them into shared services.

    · Identify clear objectives for the team, provide coaching, career development, and feedback to team members, provide performance evaluation and reward,

    · Influence team to Participate and Lead in cross-functional process and system improvement initiatives

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