Dy. Manager Finance and Accounts - Mumbai @ Busisol Sourcing India

Job Description

Strong understanding of financial analysis
Familiarity with Treasury Management Systems (TMS)
Should have independently raised funds from banks
This position is responsible to lead the Finance & Accounts for Mumbai Office, corporate-bank relationships for corporate, taxation and related taxation matters and legal, coordination with auditors, in coordination with Corporate Office.
The essential duties and responsibilities include the following.

Finance & Accounts
Financial Planning & Management of the group.
Fund Management & Budgeting
Project Evaluation
Management of Accounts & Costing
Banking operations and coordination with financial institutions and Banks
Management audit and risk management
Managing corporate affairs, interaction and interface with senior group company executives for driving the overall business/financial goals
Finalization of statements of accounts complying with accounting standards
Attending statutory auditors and internal auditors
Optimization of funds utilization, accounting & monitoring of projects/ capital Asset.

Tax planning and management of direct and indirect taxes
Working capital management
To prepare annual financial statements in accordance with international accounting and auditing standards.
To maintain and develop accounting financial systems and internal controls to ensure compliance with accounting standards, tax and regulatory requirements.
To ensure that recommendations by Auditor Generals Office or external auditors through the audit Management Letter are implemented effectively.

Banking relationship:
Responsible for creating an adequate and effective representation of the organization to Banks for Tie-up / Utilization of Credit Limits and handling banking documentation for short term and long term borrowings for Intas and its subsidiaries.
Working knowledge for Consortium related documentation, compliances and relationship management
Business projections and related CMA preparations

Credit Ratings:
Ensuring submission of relevant information to credit rating agency
Coordinating with internal teams for compilation of required information including location visits

Fund raising:
Negotiate judicious mix of funding sources to address short term funding requirements for Intas and its subsidiaries.
Receivables Factoring for company and overseas Subsidiaries
ECB raising and compliances related to servicing of the same till final repayment

Forex:
Working knowledge of Forex exposure hedging

Working knowledge for FEMA/RBI compliances for outward remittances Import and FC remittances.
Working knowledge of FEMA related reporting to banks.

Cashflow Management:
Management of Working Capital to minimize Interest Costs
Identification of investment avenues and deployment of surplus funds on regular basis to generate optimum return aligned to management approvals

MIS:
Daily, monthly and annual Cash flow Preparation and Forecasting
Annual, Quarterly and monthly - Fund planning and budgeting
Preparation of Stock and Receivables Statement and handling Stock and Receivables Audit.
Preparation and submission of treasury reports on borrowings and other treasury related functions for senior management and board
Sharing treasury related information in due diligence process
Sharing information with banks for new credit limits and renewal of existing limits

Operations :
Coordination for Global Account opening and Online Bank right allocation.
Coordination for Corporate Credit Card Program.
Ensuring Foreign Outward Remittances (A1 (Import) and A2 (Service) Transactions including ODI remittances)
Managing Non fund based transactions i.e. Letter of Credit (LC), Bank Guarantee (BG) and Standby Letter of credit (SBLC)
Accounting and handling audit of Treasury Transactions related to borrowings and NFB transactions.
Any other work assigned to you on time to time basis.

For further detail contact

Sameer Kasimi

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Keyskills:   forex mis operations finance fund raising accounts cashflow management credit ratings banking relationship