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Manager- Finance and Accounts

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DP World

1mo ago

  • Job
    Full-time
    Junior Level
  • Legal
    Accounting & Tax
  • Chennai

AI generated summary

  • You must be a CA qualified professional with a minimum of 2 years of post-qualification experience.
  • You will manage daily accounting, monthly financials, cash flow, vendor invoicing, fixed asset control, and compliance while coordinating audits and ensuring internal controls are upheld.

Requirements

  • CA QUALIFIED ONLY (MIN 2 YEARS POST QUALIFICATION.)

Responsibilities

  • Responsible for day to day accounting of the BU.
  • Performing all the month end/quarter end/year ender process as per SOP.
  • Preparation of all Month end Financials packs (IFRS Pack, Management Pack etc.,) & providing information for handling all queries of RO & Dubai HQ.
  • Monthly GL Review, matching all GL Subledgers with main ledger, Review of all Schedules of Trial Balance with GL Team and taking corrective measures, Intercompany reconciliations, identification of appropriate classification of assets / liabilities (current & non current) , monthly review of all advances, Allocation of expenses between correct LOB’s, cost centre etc.,
  • Preparing weekly cash flow statements and controlling & Planning expenditures.
  • Co-ordinating with treasury team on all loan related queries, banking information etc.,
  • Coordination with procurement team for raising PR and Issuing PO to the vendor.
  • Coordination with SSC Team for Vendor Invoice booking in Oracle on daily basis and carry out invoice verification in Oracle.
  • Cordination with SSC Team for raising invoices in Oracle and following up with commercial team for collections. Ensuring that the systems are correctly updated with rates and quantities and there is no revenue leakage.
  • Fixed Assets Control – Review of Fixed Asset Register, enabling periodical fixed assets verification, proper classification, Handling lease accounting.
  • Ensuring proper accounting & tracking of all Inventory of spares, consumables etc., and coordination with operation department on all requirements for the same.
  • Keep in safe custody all original contracts and agreements entered between the party and company.
  • Develop tools & systems to provide critical financial and operational information and make actionable recommendation on both strategy and operations.
  • Establish and maintain appropriate internal control safeguards including but not limited to revenue realization, costs, cash, and assets.
  • Ensure records systems are maintained in accordance with generally accepted auditing standards.
  • Providing all information for the preparation of Budget after coordination with various departments and regular monthly and periodical forecast. Continuous tracking of Actuals against Budget/previous year and preparation of variance analysis report.
  • Providing all information’s by coordinating with all departments, as necessary, completion of all Internal & External audit (statutory, group, Internal, Tax, other department audit etc.,)
  • Ensuring compliance with respect to all Direct and Indirect Tax matters
  • Coordination with secretarial department and ensure all compliance of FEMA, companies act etc., and helping in handling all regular legal cases related to the company
  • Handling all SEZ related compliances and coordination with customs & SEZ officials in the site. To comply with all aspects of company’s Quality, Health, Safety, Environment management systems.

FAQs

What is the primary role of the Manager - Finance and Accounts?

The primary role is to serve as a business partner to the FTWZ COO, oversee day-to-day accounting, manage month-end/year-end closing processes, prepare various MIS reports, and ensure compliance with statutory and tax obligations.

What qualifications are required for this position?

Candidates must be CA qualified with a minimum of 2 years of post-qualification experience.

What are the key responsibilities associated with this role?

Key responsibilities include day-to-day accounting, month-end financial reporting, GL review, budget preparation and tracking, compliance with tax regulations, fixed asset control, vendor management, and coordination for audits.

Is experience in preparing budgets and forecasts required?

Yes, experience in preparing budgets along with monthly and quarterly forecasts of revenue and costs is a critical component of the role.

What systems should the candidate be familiar with?

Candidates should be familiar with accounting software such as Oracle and financial reporting standards including IFRS.

Is vendor management a part of the job responsibilities?

Yes, vendor management, including coordination for raising PRs and issuing POs, is part of the job responsibilities.

Will the Manager - Finance and Accounts be involved in audit processes?

Yes, the role includes coordination and completion of internal and external audits, including statutory and tax audits.

Will this role require collaboration with other departments?

Yes, collaboration with departments such as procurement, treasury, and operations is essential to ensure seamless operations and compliance.

Are there any specific compliance areas the Manager should be aware of?

Yes, the Manager should be well-versed in Direct and Indirect Tax compliance, as well as FEMA and Companies Act regulations.

What competency is preferred regarding statutory compliance?

The candidate should have experience handling all FTWZ-related statutory compliance and coordination with customs and SEZ officials.

Does the position require ongoing financial monitoring?

Yes, continuous monitoring of FTWZ revenue on a daily basis, along with variance analysis against budgets, is a requirement.

Is there a requirement for asset management and inventory control?

Yes, the role includes fixed assets control and ensuring proper accounting and tracking of inventory.

What is expected regarding internal controls?

The candidate must establish and maintain appropriate internal control safeguards related to revenue, costs, cash, and assets.

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DP World

We make trade flow, to change what’s possible for everyone.

Transportation
Industry
10,001+
Employees
2005
Founded Year

Mission & Purpose

We exist to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally. With a dedicated, diverse and professional team of more than 103,000 employees spanning 75 countries on six continents. We are pushing trade further and faster towards a seamless supply chain that’s fit for the future. We’re rapidly transforming and integrating our businesses – Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades. We make trade flow, to change what’s possible for everyone.