PPG Asian Paints - Manager - Finance - CA (7-12 yrs)

About the job:

Company Description:

PPG Asian Paints started as a joint venture between PPG Inc. of USA and Asian Paints Ltd of India in 1997.

The company has grown to be a diverse and innovative solution provider with headquarters in Mumbai and over 40 operating locations across the country.

Role Description:

- This is a full-time on-site role for a Finance Manager at PPG Asian Paints located in Kurla.

- The Finance Manager will be responsible for day-to-day financial operations.

Job Description: Accounts Payable & Fixed Assets Management (Manager)

Location: Mumbai, Maharashtra, India

Team: 3 direct reports

Qualifications:

- Must be a qualified Chartered Accountant (CA).

- Minimum of 5 years of relevant experience in Accounts Payable, Fixed Asset Management, and Capex Project Monitoring.

- Accounts Payable Management

Key Responsibilities:

- Invoice Processing: Handle queries from internal users and coordinate with the Shared Service Center (SSC) to resolve issues, ensuring timely and accurate payments.

- Vendor Reconciliation: Reconcile vendor accounts and confirm balances.

- Payment Efficiency: Maintain high levels of payment efficiency.

- This is also include scrutiny of vendor balance, coordination with the various function including of plant accounts team.

- Financial Support: Provide necessary data and analysis to support audit and finance teams.

- Employee Claims: Review employee reimbursement claims.

- Capex Project Management

Key Responsibilities:

- Budget Review: Review ACT/Capex budgets to ensure alignment with business objectives.

- Financial Justification: Validate financial justifications for Capex projects.

- Approval Documentation: Ensure all necessary Capex approval documentation is in place.

- Budget Tracking: Track budget vs. actual performance (BVA) for Capex projects.

- Project Closure: Coordinate with project owners to ensure timely project closure.

- Fixed Asset Accounting

Key Responsibilities: Review with the team

- Fixed Asset Register (FAR): Ensure the accuracy of the FAR, including rate, classification, and relevant details.

- Open POs & GRNs: Track and ensure timely closure of open purchase orders (POs) and goods received notes (GRNs).

- Advance Processing: Process advances based on supporting documents (e.g , ABG, Proforma Invoice, Advance Receipt Voucher).

- Invoice Retention: Retain invoices as per commercial terms.

- ABG & PBG Tracking: review of advance bank guarantees (ABGs) and performance bank guarantees (PBGs).

- Capex Accounting: Manage and control the Capex accounting process.

- CWIP Movement: Monitor and manage Capital Work in Progress (CWIP) movement.

- Asset Creation: Ensure accurate creation and classification of assets in the system.

- Monthly Depreciation: Oversee monthly depreciation calculations.

- FAR Correctness: Ensure the accuracy of the fixed asset register.

- CWIP Reporting: Monitor and review the CWIP report.

- Asset Additions & Deletions: review monthly reports on asset additions and deletions.

- Asset Deletion: Ensure proper supporting documentation (e.g, CEO/CFO approvals) for asset disposals.

- Asset Transfers: Oversee asset transfers, ensuring proper justification and approvals.

- Quarterly Reports: Prepare quarterly capital transaction reports for PPG.

- FAR Preparation (USGAAP): Review and ensure FAR is prepared as per USGAAP.

- Yearly Asset Confirmation: Conduct yearly asset confirmation exercises.

Reporting:

Key Responsibilities:

- MSME Compliance: Ensure timely compliance with MSME (Micro, Small & Medium Enterprises) regulations.

- Monthly RPT Reporting: Ensure timely preparation and submission of related party transactions (RPT) reports.

- Accounts Review Mechanism (ARM) on monthly basis

- Crucial role in SOX and IFC compliances and support in statutory and internal audit

- Expenses and budget for inter company related trasnaction

Team Management:

- The Manager will oversee a team of 3 direct reports, providing guidance and ensuring that all deliverables are met in a timely manner.

- This role requires a proactive and detail-oriented professional capable of handling financial reviews, ensuring compliance, and managing a team effectively