Manager - Accounts & Finance

Main Purpose of Job: End to end responsibility for financial accounting, reporting, corporate finance functions and taxation for Nestle R&D India

Key Outputs: List the main areas in which the job must deliver in order to successfully achieve its purpose.

1. Controls:
Ensure internal control is effective whilst developing and maintaining a compliance culture within the Centre
Ensure work processes, reports and systems are aligned and efficient
Ensure good financial hygiene through regular monitoring and cleansing of books

2. Financial Reporting (Statutory Reporting and Vevey Reporting):
Finalization of Monthly/quarterly/Annual accounts with signoff of Financial Statements from Auditors
Preparation of Financial Statements for Board Meetings and conducting effective board meetings
Bank reconciliations for the centre
All Vevey reporting including CACT, PACT, PICA, BEPS and other packages
Actuarial valuation for employee benefits

3. Financial Budgeting and Control
Prepare, submit, seek approval for, track and control the operational expenses budget for the site
Quarterly Management Letter preparation for reporting to CT-F&C
Establish internal financial / management reports
Execute and co-ordinate period-end closing activities
Facilitate and co-ordinate OPEX planning exercises
Provide clarity and transparency on spend and investment through targeted analysis
Leverage GLOBE and R&D systems to deliver efficient decision support

4. Fixed Asset Management
Capitalization and control of capital cost, Coordinating physical verification and counts
Impairment, Sale, TP valuation, Coordinating physical verification
CAPEX budgeting, paybacks and tracking

5. Effective Cash Management
Ensuring effective cash management to ensure no cash out/optimal financing structure: Regular tracking of cash position and planning for funding in close coordination with Treasury
Investing of surplus cash as per the investment policy and working with Treasury to evaluate better opportunities in this area
Prepare and execute a plan for repayment of long term ECB to the centre
Raising and accepting ICO forms

6. Taxation:
On time filing of GST returns in close coordination with NBS
Reconciliation of admissible ITC to minimise ITC loss
Timely application and receipt of refunds
Customs compliance related reporting
Evaluation of ongoing EOU status and initiating work to debond warehouse and relinquish EOU status
Debonding of assets and obtaining GR waivers as required
Liaising with tax consultants and authorities as required