Assistant Manager

Designation: Assistant Manager - Finance

Location: Torrent Research Centre, Bhat, Gandhinagar

Required Qualification: CA/ ICWA/ CMA

Required Experience: 5-7 Years

Responsiblities:

Routine Activities

• Verify and process Full & Final Settlement (F&F) of employees.
• Review and authorize online and cheque payments.
• Check and authorize GST invoices and challans related to material transfers.
• Prepare and submit quarterly IFC data for Capex and Payroll.
• Maintain and update Capex MIS, including Budget vs. Actual analysis (YTD), to:
• Monitor actual expenditure against approved budgets.
• Identify non-moving and dropped budget items.
• Coordinate with users for PR/PO creation against approved Capex line items.

Periodic Activities

Capex Management & Budgeting

• Review and monitor Capex budget proposals.
• Generate and analyze routine Capex MIS reports.
• Coordinate with all departments for annual Capex budget requirements, ensuring proper justification and supporting documentation.
• Review previous-year open budget items and obtain confirmation for carry-forward requirements.
• Create Internal Orders (IO) and Assets Under Construction (AUC) and allocate budgets accordingly.

Financial Reporting & Accounting

• Pass and monitor accounting entries related to loan interest.
• Review and account for inventory valuation and inventory provision.
• Prepare project-wise expense tracking and movement analysis for monthly MIS reporting.
• Analyze project-wise financial impact and movements for monthly management reporting.

Compliance & Government Reporting

• Prepare and submit documentation for DSIR renewal and recognition of the In-House R&D Center.
• Prepare and submit Capex-related Production Linked Incentive (PLI) data.

Management Information Systems (MIS)

• Generate periodic MIS reports related to Capex utilization, project progress, and budget performance.
• Track monthly project-wise expenditure and provide insights on financial impact and budget utilization.

Key Coordination Responsibilities

• Liaise with departmental stakeholders for Capex planning and budget implementation.
• Coordinate with users to ensure timely PR/PO processing against approved budgets.
• Support management decision-making through accurate financial analysis, reporting, and compliance submissions.