
Assistant Finance Controller – Automotive
6 hours ago
Job Description
This role is responsible for supporting the financial management and operations of the company under the guidance of the Finance Controller.
Key Responsibilities:- Accounts Closing & Financial Preparation
- Evaluate accounting accuracy through adequate validation and checks.
- Prepare statutory financials every quarter for all entities in the Business Unit.
- Maintain intercompany reconciliations every month, confirming balances with counterparty.
- Complete Business Risk Statement (BRS) every month, ensuring no open items remain beyond the last week of the month.
- Prepare year-end statutory financials in compliance with applicable Accounting Standards, reviewed for accuracy and submitted to Statutory Auditors with necessary supporting information and sign-off within prescribed timelines.
- Submit and close all queries and additional information requested by Statutory Auditors within set timelines.
- Analyze and review provisions on a monthly basis for adequacy.
- Maintain adequate Capital Expenditure (CAPEX) control in the Business Unit, processing additions in compliance with policy, justifying and comparing quotes, verifying assets, tagging variances, reporting adjustments, and obtaining appropriate approvals.
- Adequately configure financial systems/modules (ERP, EPM, SAP, CDK, etc.) with necessary controls and validation checks.
- Receivables & Payables Control
- Ensure an effective Receivables monitoring and collection process exists in the Business Unit, adhering to Group Credit Control policy.
- Document necessary information to facilitate recovery of dues in case of legal action.
- Exchange monthly statements and quarterly balance confirmations with customers, collecting dues within approved credit periods.
- Create adequate provision as per Group policy, compared to Expected Credit Loss (ECL) method under IFRS 9, maintaining whichever is higher.
- Manage Payables effectively, implementing a procure-to-pay process, periodically reviewing vendor credit terms, reconciling vendor balances monthly, and obtaining quarterly balance confirmations.
- Cash Flow Management
- Plan and execute to maintain positive cash flows month-over-month, ensuring no idle cash remains in the Business by repaying loans or investing in fixed deposits.
- Immediately inform GT of major unexpected collections and payments for effective cash management.
- Overhead Control
- Support GIA initiatives and verifications comprehensively.
- Coordinate compliance/responses with respective stakeholders, submitting them within stipulated timelines.
- Escalate overdue High-Risk open items for priority resolution and coordinate timely closure.
- Follow up and close all action items assigned to Business stakeholders within agreed timelines.
Requirements
To be successful in this role, you will need:
- Bachelor's Degree and Master's degree with a minimum of 10-15 years of professional experience in Accounts/Finance.
- Hold a qualified finance professional certification such as CA/CPA/CMA/ACCA.
- Proven work experience at Managerial Level or similar role for at least 5 years, with exposure to Automotive Trading/Engineering/EPC/Contracting/Construction/Remittance/Insurance.
- Strong knowledge of business analytics combined with advanced technical skills, working with different stakeholders.
- Experience with Enterprise Resource Planning (ERP) software (e.g., SAP, Oracle) and advanced financial systems to improve efficiency, transparency, and decision-making.
- Experience in overseeing Supply Chain Management (SCM), Inventory, Warehouse & Logistics Management.
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