Controller - Accounts Receivable - Ahmedabad, India - Mangalam Placement

Mangalam Placement
Mangalam Placement
Verified Company
Ahmedabad, India

1 week ago

Deepika Kaur

Posted by:

Deepika Kaur

beBee Recuiter
Description

Company:

Nayara Energy


Location
Ahmadabad


Experience
8-10 Years


Key Skills
financial reporting, MIS, Project Management, Process Improvement, Bank Reconciliation, Direct&Indirect Taxation, Accounts Receivable, Freight, Auditing


Position:
Controller - Accounts Receivable

Experience: 8 to 10 years

Location:
Ahmadabad

Job description

  • Review and managing of Receipt (Collection) Accounting from customers
  • Managing accounting of Collection received in all the banks for Retail, Bulk, PSU, NFR, Scrap, Power customers. Managing 8 Lacs + transactions with value of over 50,000 Crore.
  • Manage all the transactions are getting posted and reconciled on daily basis.
  • Escalations and coordination with Banks / Treasury / Business Process Control team.
  • Take up process improvement / automation and support Head-ACE for creating better environment to reduce business risk and meeting the compliances.
  • Review and Managing Customer Receivable Accounting
  • Managing accounting of receivables from customers including verifying Sales Invoice Price Verification, Sales Reclassification, Sample Sales Write Off, Regrouping entries etc.
  • Managing accounting of Debit Notes / Tax Invoices related to Sales Targets, Penalties, Application money, Infrastructure recoveries, Automation EMIs, NFR Partners, Rail Freight, Technical Consultancy Invoices, HR Invoices, O & M Invoices etc.
  • Managing balance confirmation, customer query solution and Statement of accounts to marketing team wherever required.
  • Manage provisions for all the receivables from customer on monthly/quarterly basis wherever required in coordination with Marketing Team
  • Designing Good quality reports and reconciliation for control purpose required to share with Financial Reporting Team, Business process control Team as well as to Auditors
  • Ensuring Process of Tax compliance, internal controls and proper validations are in place.

3. Review Managing accounting of Customer Discounts / Lease Rental

  • Managing accounting and payment of Lease Rent and Stamp Duty payable to Franchisees as per process with due verification of Invoices, in agreement with Lease Deed and Marketing Team
  • Managing accounting of Trade Discounts payable to customers as per approved policies and various parameters
  • Managing accounting of Incentives payable to customers under various schemes as per approved policies and various parameters by marketing team.
  • Managing refunds to customers in line with SOP including Bulk, LD refunds.
  • Review of various MIS and reconciliation for control purpose required to share with Financial Reporting and Business Process Control team.
  • Ensure correct and timely accounting of provisions for all the payables to customer on monthly/quarterly basis wherever required in coordination with Business Process Control and Financial Reporting team.

4. Co-ordination with various Stakeholders

  • Coordination with indirect taxation, S&D, Marketing and IT department to resolve issues of accounting and implementation of new tax laws;
  • Coordination with IT department for process improvement as well as automation wherever required in accounting for better results and control purpose.
  • Coordination with marketing team for quarterly balance confirmation of customers and meeting compliance.

KEY CHALLENGES

  • Meeting SLA for timely and accurately accounting of transactions.
  • Working on accounting of huge value / volume of transactions for receivables and coordination with marketing team
  • Manage and arrange various output / MIS to Financial reporting team and Auditors
  • Customer Satisfaction

KEY DECISIONS
-
Made by Jobholder:


  • Finalize process for accounting in line with new tax law and compliances.
  • Interpretation of DOA Compliance and issue guidelines to team
  • Identify Gaps and remedial action
  • Ensure business continuity.
-
Recommendations to superior:


  • Improvement and Automation of process;
  • Improvement in operational Areas
  • Effort sizing

INTERACTIONS
-
Internal Interactions:


  • Various departments e.g. Treasury, Financial Reporting, Taxation, Marketing BPC, Zonal Heads, Divisional Heads, IT, S&D, and Internal Audit.
-
External Interactions:


  • With Statutory Auditors, Banks

- **DIMENSIONS**:

  • Financial Dimensions:
  • Managing high value & volume of transactions;
  • Support decision making by arranging timely information;
  • Completion of Financial Closure

SKILLS & KNOWLEDGE

Educational Qualifications & Certifications:


  • Professionally qualified Chartered Accountant
  • Bachelor of Commerce (B.Com)

Relevant (Functional/Level) & Total Years of Experience:

  • 8-10 Years of experience after qualification in Finance and Accounts
  • Good working experience in SAP-FICO & SD and indepth knowledge of processes handled.
  • 3 Years of exposure in accounts, audit and taxation matters during internship

Functional Skills:


  • Change Management
  • Business / Industry knowledge
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