Manager - Corporate Accounts & Statutory Audit

Applications are invited from the interested candidates for below opportunity. ABG - Novel Jewels is looking for CA incumbents with decent experience of 3+ years job descriptions mentioned below for easy reference.

Position Purpose and Summary

• Role is responsible for execution of various tasks required for implementation of accounting function within the organization. The role involves preparation of financials (Ind AS & non Ind AS compliant) and getting the same audited by Statutory Auditors.

• Performing comparative analysis of actuals with Budget (Capex & Opex) on Fixed Costs, Gross Margin, Working Capital and highlight deviations having significant impact on financial position of Business.
• Coordinate with various internal stakeholders and conducting testing of internal financial controls, prepare Management Information System (MIS), and Statutory Financial reporting.

Essential Duties and Responsibilities:

• Coordinate and timely update accounting policies, Internal Finance Control guidelines, and Standard Operating Procedures (SOPs) relevant to the Jewellery business.
• To carry out System improvement of MS Dynamics 365 ERP - Finance module with relevant stakeholders across the organization. Ensure effective utilization by proactively monitoring performance, driving process improvements, and automation of finance functions using technology and data analytics.
• To ensure timely closing of company accounts. Periodically prepare & review books of accounts and financial reports, and prepare Monthly MIS reports, including monthly/quarterly/annual Profit and Loss (P&L), Cashflow, Balance Sheet, and other reporting compliances.
• Carry out Hedge Accounting and maintain Hedge documentation according to Hedge positions taken by Bullion & Treasury team.
• To create Right of Use Assets for all the Leasehold properties taken by Business and ensuring its correct disclosure in Financial statements.
• To prepare Profit and Turnover reco of Financials as per Ind AS and Non Ind AS guidelines.
• To coordinate with ISCM team and ensure that all the inventory transactions pertaining to Repair/Melting/Issue to JW/Outright procurement are correctly recorded. Guide ISCM team complete transactions in such a way that these are properly reflected in Financials. To ensure accurate inventory accounting and its reco with books.
• Prepare detailed presentations for quarterly Audit Committee and Board meetings.
• Analyze and monitor working capital movement vs. budget on a monthly basis, identifying areas for improvement to minimize blockage in non-moving and slow-moving items.
• Develop capex controls through Work Breakdown Structure (WBS) and monitor each capex scheme to ensure completion within the budgeted time and cost. To report Capex costs of each Store/scheme on monthly basis.
• Coordinating with Project and Retail team and ensure that Asset tagging is carried out as per requirement of CARO.
• Conduct monthly, quarterly, and annual reviews of actual expenses against budgets, including oversight of variance reports with root cause analysis.
• Provide accurate, timely, and comprehensive financial reporting to the management to support the decision-making process.
• Ensuring accurate inventory valuation by following Hedge Accounting & Cost Accounting principles
• Maintaining accurate records of inventory position and submitting the same to Bankers and other regulatory authorities as may be required.
• Focus on delivering quality and timely service to internal customers, including ad-hoc requests from senior management.
• Coordinate with Statutory and Internal Auditors for timely audits at periodical intervals and monitor the closure of open points.
• Coordinate with different stakeholders on Audit observations and ensuring proper closure of Audit points.
• Review, design and monitor compliance with Business SOPS and identify & close gaps
• Foster a collaborative and positive work environment, promoting teamwork, professional growth, and knowledge sharing amongst cross functional team.

Critical Competencies for Success:

• Deep understanding of Accounting and IND AS concepts and overall responsibilities of finance function.
• Effective collaboration with internal teams and external stakeholders to implement accounting guidelines across business
• Capability of delivering results under stressed timelines and getting the results achieved.
• Proficiency in adopting and implementing technology solutions for accounting processes.
• Self-starter, hardworking, and willing to take on stretch targets.

Qualification:

ABG is looking for qualified CA incumbents with decent experience of 3+ years.

Required Skills

• Deep understanding of Accounting and IND AS concepts and overall responsibilities of finance function.
• Effective collaboration with internal teams and external stakeholders to implement accounting guidelines across business.
• Capability of delivering results under stressed timelines and getting the results achieved.
• Proficiency in adopting and implementing technology solutions for accounting processes.
• Self-starter, hardworking, and willing to take on stretch targets.