Chief Operating Officer - Ahmedabad, India - Welspun Transformation Services Limited

Description

COO at WTSL 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.

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 Ledger, 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 financialstatements 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 andstandardize 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 respectivestakeholders· Align team performance with shared services operations' performance objectives· Lead & Manage systems /automation, process, workflow improvements, andenhancements pertaining to his/ her team· Responsible for developing and reporting operational metrics, SLA and identifyingopportunities for improving operations and services of his/ her team

Accounts Receivable / OTC· Accountable for entire OTC process and departmental functions such as customer mastermaintenance, Credit administration, collections, cash application processes, AR-related managementreporting, tax compliance & corresponding internal controls,· Establish and guide the OTC team and operations across all entities in a KPI-driven SharedService 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 OTCprocess 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 businessprocesses across order management,· Develop and publish weekly / monthly/quarterly key performance indicators (KPIs) tostakeholders and executive management· Reviewing and analyzing current procedures in order to recommend and implement changesto standardize activities and integrate them into shared services.

· Identify clear objectives for the team, provide coaching, career development, and feedback toteam members, provide performance evaluation and reward,· Influence team to Participate and Lead in cross-functional process and system improvementinitiatives

Minimum QualificationCertified Chartered Accountant