Senior Assistant / Executive - Finance & Accounts

JOB DESCRIPTION

Position Title Senior Assistant / Executive - Finance & Accounts

Superior Position Title Senior Manager - Finance & Accounts

Company/ Business Unit Apraava Energy Private Limited

Division / Department Finance

Location Mumbai

1. JOB PURPOSE
The position exists in order to provide finance and accounting support for upcoming wind business of Apraava Energy with the objective of recording and maintaining proper business transactions of Apraava Energy wind business within the limits of policies and procedures of Apraava Energy's regulatory, statutory policies.

2. ORGANISATIONAL CHART
General Manager - Finance & Accounts
Senior Manager - Finance & Accounts
Senior Assistant / Executive - Finance & Accounts

3. PRINCIPAL ACCOUNTABILITIES
Accountabilities Major Activities
. Receive the invoice from the user department, Check bills as per
Purchase order/ Work order and approvals as per CMAM. Seek
clarifications from user group in case of any deviations. Submit invoice
Invoice processing in Oracle which is then subject to online approval (technically known as
posting in Oracle) by superiors. Prepare invoice entry after cross checking as per CMM Process (Approval, Endorsement & FICO).
. In order to check invoices are prepared as per purchase/work order.
1 To ensure quality services from vendor and to maintain good image of
the company Loan repayments Administration
Month End Book Closure . To inform and follow up with finance team for working capital/long term loans for project related payments. Also ensure interest/principal payments to the foreign & local lenders on due dates . In order to ensure loan repayments/interest as per loan agreement and processes.
. Timely Project Payment, Deadlines, Audit, Compliances
. To Book day to day accounting transaction and their entries in Oracle as per policy & procedure and ensure the correctness of the same as per accepted accounting standards. Checking of travel advance and claims of all employees as per policy and procedures
. To record month end entries for closing of books for all entities for
regular & Interest Accruals, Prepaid entries, compiling data for debit
notes, preparing, circulating & entering debit notes in system and follow
up for TDS amount for debit notes & conforming inter-company balances
with related companies and Monthly Closing of Books & sending
monthly reports to HK team
. Processing time for month end entries, debit notes & intercompany
confirmationsFund Management . To maintain and track funds for regular & tax payments. To ensure
maintenance of excess funds in FD for future required payments.
. Feedback, Adherence to compliance and policiesTaxation
Audit Preparedness . Plan and calculate taxes as per current taxation laws. Make
recommendations to supervisor for review & approval. Compile and
prepare monthly/ quarterly/ half-yearly/ annual returns (GST, service tax,
income tax, professional tax, etc). Submit to supervisor for review &
approval of annual returns. Provide data/ clarifications to tax consultants
for assessment & filings
. Adherence to tax filing timelines and accuracy of reports/ returns as per
tax laws
. GST input credit accounting and maintaining related registers as per GST
Act
. Prepare statements and information statements for auditors. Provide
documents and other information as per their requirement. Provide
explanations to resolve their queries. Liaison with auditors for timely
completion of audits and other certification work. Implement corrective
actions from audit findings.
. No. of non-compliances/ observations
. Timely completion of audits and other work
. Success of corrective actionStatutory Compliances . Filing of Monthly/Quarterly/Half/Yearly returns such as TDS, Service
Tax and GST for all states.Preparation of Bank Reconciliation
Statements . Timely preparation and submission of BRS2

Internal Clients
Roles you need to interact with inside the organization to enable success in your day to day work
Various departments that process payments, claims. CLP HK departments
External Clients
Roles you need to interact with outside the organization to enable success in your day to day work
Consultants, Auditors, Banks, Financial Institutions and Vendors

4. SKILLS AND KNOWLEDGE

Educational Qualifications
. Minimum education qualifications for the position: B.Com / M.Com
. IPCC/CA Inter/CMA Inter/CS Inter preferred
Functional Skills
. Accounts, Tax, Audit, Banking, Oracle Finance Module and MS office
. Basic accounting principles and tax related
Relevant and total years of Experience

. 4-5 years of relevant experience

Interested candidates please share your resume on nahid.choudhary@apraava.com