Regional Finance Manager - FMCG

Regional Finance Manager - FMCG
Job Location:  Bhubaneswar
Job Description:  SkillSet: budgeting, finance, mis, accountancy, forecasting.

Regional Finance Manager: FMCG

Financial Accounting :
Books of Accounts Document Management :
- Periodic review of the trial balance for the regions to ensure compliance with company generally accepted accounting principles and drive closure of items require attention.
- Complete ownership of Region trial balance.
Statutory Compliance :
- Ensure statutory compliance with Zero non compliance of relevant statute applicable to business through Region Finance Managers.
- Ensuring on time deposit of tax payable (VAT, Sales Tax, C Form, Shops and Establishment fees etc.), correct filing of returns matching with books of accounts, closing tax assessments within a year through Region Finance Manager.
- Implement system of identifying potential tax liability under various statute applicable to factory, its recording and reporting.
- Drive system of collection and safe keeping of EVC, C/F/H/E1 Forms within the statutory time period.
Audit :
- Ensure timely completion of various audits i.e. statutory, GAAP, tax internal audits through regional finance manager.
- Monitor implementation of Internal Audit recommendations and share monthly updates with Zonal Head.
Safeguarding Assets :
- Ensure adequate insurance cover is taken for all company assets, including cash in hand, lying in Region with the help of Region Finance Manager.
- Setting up system of physical asset verification and identifying impairment. Yearly physical verification by Region Finance Manager.
Internal Control Internal Check :
- Complete understanding of internal control policies of the company.
- Educating team ensure adequate internal control is implemented.
- Exception reporting and initiative to institute compliance.
- Setting up system of internal checks to enable internal control.
- Periodic review to assess implementation of internal process/policies and check. Share report with Region Head and Zonal Head.
Receivable Management :
- Implementation of credit management policy, monitor credit risk receivable reporting.
- Credit limit - Setup yearly limits for all customers of the region and periodic review of the same in comparison to business
- Setting up system to eliminate teaming lading and balance confirmation.
- Ensure reconciling all debtors at least once a year twice a year for major customer through Region Finance Manager. Drive closure of open claims within a time frame.
- Ensure implementation of system of update recording of customer claim and settling within 15 days of receiving the claim.
- Implement continuous System of ensuring that no market commitment is unrecorded in books.
- Drive System of ROI driven margin agreement with distributors for open markets.
- Monthly Overdue tracking and DSO management to ensure take corrective measures to avoid bad / doubtful debts.
- Develop relationship with region heads and sales team to drive receivable agenda build trust improved risk visibility.
- Ensure legal back-up for doubtful / bad debts in consultation with Legal team.
Creditors Management :
- Implement continuous system of Creditors reconciliation at least once a year twice a year for major Creditor along with balance confirmation.
- Implement continuous system of update recording of creditors claim and settling within 15 days of receiving the claim.
- Implement continuous system of ensuring that no supplier commitment is unrecorded in books.
- Review of open POs and drive closure of POs 90 days.
- End to end control for zonal marketing budget - review of quotes, approval of bills in compliance with process/policies and statutory laws applicable.
Business performance management :
- Business performance analysis and reporting.
- Budgeting, Latest Estimates and strategic plan.
- Develop financial metrics to measure performance against plan and strategies.
- Set-up / review breakage monitoring of the regions.
- Analysis of monthly performance for ZH review
- Responding to any query from HO thereon
- Develop financial metrics to measure performance against plan/strategies - which may vary from region to region monitor the same
- Measuring analyzing the productivity projects undertaken in the zone
Pricing :
- Product pricing management.
- Complete understanding of RTM for all rate areas of East and taxation impacting product pricing.
- Supervision to keep updated ERP system with any tax change/new tax introduction and its accounting through Regional Finance Managers.
Information Management :
- Setting up a system of collection of data, transforming it to information and disseminating it to decision maker.
- Engage with all the stake holders and extract relevant information impacting business controls and take proactive measure to mitigate the impact.
Business Partnering :
- Proactively provide quality insight of the financial and strategic implication of business actions/strategy to Zone / Region to enable them to take informed decision.
- Identification and quantification of business risk and opportunities and proactively giving insight to business manager and other stake holders
- Conduct market visits to develop relationship with key customers and improve risk visibility.
Project Implementation :
- Assist RFC ZH to Roll out various projects as required across regions.
- Synergies Standardization ; Driving efficiencies standardization within regions
People :
- Develop people under you to enable smooth change over.
- Identification of Best practice in the zone for implementation across
- Set up baseline delivery expectations build zero tolerance in core delivery
- Mentor region finance team to enhance their capabilities and strengthen core delivery
- Provide guidance to enable them resolve issues faced by them and
- Provide timely feedback to team to ensure motivation and quick rectification

Functional Area:  Finance / Accounts / Tax,Sales / BD
Experience:  3 - 8 years
Qualification:  ("Graduation in any field")
Salary:  5 Lakh to 12 Lakh INR
Job Ad publication date: 04 Oct 2022  

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