Skills
BUDGET ANALYSIS
MI REPORTS
Job Description:
To supervise complete accounting activities, checking of various financial statements, MIS, reports, and its analysis
for effective cost control measures and ensuring compliance to all statutory and legal compliances. To support Unit
...
F&C Head in day-to-day operations of Accounts department and managing teams to work in sync with the set
business parameters & motivating them for achieving the organizational goal.
Major Challenges: -
(1) To keep abreast with the changes in tax and other statutory and legal compliances to avoid any noncompliance
and liability.
(2) To improve financial awareness of employees to utilize new and existing software with accuracy mentioning
proper GL Code, Cost Centre, budget forecast and expenses.
(3) To keep the manufacturing cost within defined budgets considering ever increasing material cost.
(4) Ensuring accuracy/ timely compliance in view of the high volume of transactions.
Key Result Areas / Accountabilities
Supporting Actions Commercial Tax Computation and Compliances
-Study & identify VAT/GST compliance for timely implementation at unit.
-Update knowledge on various commercial applicable tax laws and ensure effective compliances at unit.
-Interact with Tax Authorities / Auditors/Consultants for managing tax liability of the Unit.
-Ensure deduction of Tax at source and timely deposit of the same.
-Ensure timely collection of TDS certificates from parties.
-Coordinate with UKSC for ensuring timely payment of all statutory dues without any default.
-Provide necessary details to UKSC for Direct Tax Compliance, calculation of Advance Tax, correct deduction of TDS
on various activities.
Yearly PT compliances for getting timely assessment.
Legal Compliances and Internal Control Procedures
-Ensure Timely Legal/statutory compliances of the Unit.
-Take up with the other departments of the Unit for timely compliance and proper Updating of all compliances on
Compliance Management software.
-Review & submit various details to the Auditors and arrange reply to queries of Auditors.
- Preparation of a report showing deviation of compliance on a monthly basis for management review.
- Regularly update status of legal cases in ROZNAMA software.
-Updating of reports in APT Audit compliance tool & get updated status from all the departments.
-Ensure compliance of all the CFD circulars, ICQ, and SOPs etc., provide clarification to other departments of the Unit.
- Prepare details of problems (tax matters) or subjects that need clarification and consult with Advocate.
-Review of Capex spent of the unit. Physical verification of the all the asset and submit report to Unit management.
-Review of land documents to ensure proper control of property.
-Ensure compliance to delegation manuals and other management directions across unit.Compliance to Finance and
Accounts activities
-Supervision of Finance and Accounts activities to ensure compliance of Financial Accounting System
- Review of books of accounts and financial reports to ensure accuracy and fair disclosure of results.
Checking of monthly/ quarterly / half yearly / annual accounts as per the "Accounting Standard" & circulars issued
by CFD. Coordinate with Auditor for timely auditing of the accounts.
-Prepare report on optimum utilization of working capital and submit reasons for deviation to the Management.
-Trial Balance Scrutiny & ensure booking of expenses in correct accounting head.
-Coordinate with UKSC for ensuring preparation of Balance sheet statements and assist in Quarterly and Yearly
Balance sheet work. Review of monthly provisions.
-Review& approve accounts department’s expenses.
-Authenticate financial JV's, Cash & Bank vouchers.
-Prepare & review quarterly, half-yearly and yearly Balance Sheets and P&L including HO-CFD formats. Prepare
reason for deviation in various heads.
-Interact with auditors, reply to their queries & get Quarterly, Half yearly and Yearly Balance sheet, Profit &Loss a/c
signed from Auditors.
- Maintaining, review, audited books of Subsidiary Company of UTCL in all respect.
Budget preparation
-Compiling & review unit level data for preparation of annual Budget.
-Participate in discussion and finalization of Unit Budget within time.
-Checking of Unit Budget in TM1 software after entry of details by all the departments.
-Preparation of variance report with respect to budget, target, last month, last year and provide reasons to
management for review.
-Analysing the expenditures incurred and raising concern in case of noncompliance to budgetary parameters.
-Coordinate with P&B Cell for budget related activities.
- Review of Capex proposal prepared by other departments of the Unit.
-Submission of Capex progress report to Unit Management and coordination with CFD & PnB Cell for capex fund
management.
Insurance
-Arrange various details for timely coverage of insurance related to Plant, Employees and other assets.
-Timely filing of insurance claim, submission of claim documents after review.
- Provide clarification & do follow up with Insurance companies for early settlement of claim.
- maintain BG record for vendors
MIS and Reports
- Provide guidance for preparation of MIS.
-Checking and verify monthly financial statements, MIS, Monthly progress reports & other reports.
-Review of budgets and prepare reasons for deviation.
-Checking VDA, CVA, COPQ statements in coordination with all depts.
-Provide finance related information regularly to depts. as per the requirement.
Focus on SHE (Safety, Health & Environment) along with Sustainability initiatives
Ensuring 100% compliance of all safety standards and all applicable recommendations related to their concerned
area.
Educating team about “I know my job”, “I know the hazards associated with my job and I applied control measures”
& “I escalate to my senior” among manpower deployed in sections/department manpower including peer, WB & CL
manpower
Timely conducting scheduled SO round and reporting of accidents, incidents and near misses on occurrences in the
area of concern in system.
To conduct daily Tool Box, talk as schedule and before start the job any critical job along with SWP
Active participation in safety training, safety sub committees, standard champions meeting and any safety event
Ensure good housekeeping, limited use of power, no leakage of water, oil, air etc and reporting concerned if any
abnormalities for corrective action
Adhering of all safety precautions on the site and off the site
Replicating good practice for saving environment for long run sustainability and creating awareness among
manpower to save guard natural resources.
System Management- (Effective implementation of all IMS and other systems requirements through involvement
for continuous improvement in plant working condition & quality standards)
-To implement improvement project to reduce repetitive problems/breakdown or losses.
-Timely submission of Kaizen, OPL, Good to fine, suggestion on system
-Developing and sustaining Model area in respective sections
-100% active participation in respective KFA & GRT meetings and giving inputs related to bring new technology,
innovation and improvements towards productivity. Conduct awareness programs down the level team
-To know about IMS and other systems requirement and documents for non-Conformity in section during internal
and external audits or assessments.
-Implementation of critical spares & consumable SOP without any defilement
- Identify & arrange rectification of leakage points/unsafe points along with monitor & take corrective action for
show more
Skills
BUDGET ANALYSIS
MI REPORTS
Job Description:
To supervise complete accounting activities, checking of various financial statements, MIS, reports, and its analysis
for effective cost control measures and ensuring compliance to all statutory and legal compliances. To support Unit
F&C Head in day-to-day operations of Accounts department and managing teams to work in sync with the set
business parameters & motivating them for achieving the organizational goal.
Major Challenges: -
(1) To keep abreast with the changes in tax and other statutory and legal compliances to avoid any noncompliance
and liability.
(2) To improve financial awareness of employees to utilize new and existing software with accuracy mentioning
proper GL Code, Cost Centre, budget forecast and expenses.
(3) To keep the manufacturing cost within defined budgets considering ever increasing material cost.
(4) Ensuring accuracy/ timely compliance in view of the high volume of transactions.
Key Result Areas / Accountabilities
Supporting Actions Commercial Tax Computation and Compliances
-Study & identify VAT/GST compliance for timely implementation at unit.
...
-Update knowledge on various commercial applicable tax laws and ensure effective compliances at unit.
-Interact with Tax Authorities / Auditors/Consultants for managing tax liability of the Unit.
-Ensure deduction of Tax at source and timely deposit of the same.
-Ensure timely collection of TDS certificates from parties.
-Coordinate with UKSC for ensuring timely payment of all statutory dues without any default.
-Provide necessary details to UKSC for Direct Tax Compliance, calculation of Advance Tax, correct deduction of TDS
on various activities.
Yearly PT compliances for getting timely assessment.
Legal Compliances and Internal Control Procedures
-Ensure Timely Legal/statutory compliances of the Unit.
-Take up with the other departments of the Unit for timely compliance and proper Updating of all compliances on
Compliance Management software.
-Review & submit various details to the Auditors and arrange reply to queries of Auditors.
- Preparation of a report showing deviation of compliance on a monthly basis for management review.
- Regularly update status of legal cases in ROZNAMA software.
-Updating of reports in APT Audit compliance tool & get updated status from all the departments.
-Ensure compliance of all the CFD circulars, ICQ, and SOPs etc., provide clarification to other departments of the Unit.
- Prepare details of problems (tax matters) or subjects that need clarification and consult with Advocate.
-Review of Capex spent of the unit. Physical verification of the all the asset and submit report to Unit management.
-Review of land documents to ensure proper control of property.
-Ensure compliance to delegation manuals and other management directions across unit.Compliance to Finance and
Accounts activities
-Supervision of Finance and Accounts activities to ensure compliance of Financial Accounting System
- Review of books of accounts and financial reports to ensure accuracy and fair disclosure of results.
Checking of monthly/ quarterly / half yearly / annual accounts as per the "Accounting Standard" & circulars issued
by CFD. Coordinate with Auditor for timely auditing of the accounts.
-Prepare report on optimum utilization of working capital and submit reasons for deviation to the Management.
-Trial Balance Scrutiny & ensure booking of expenses in correct accounting head.
-Coordinate with UKSC for ensuring preparation of Balance sheet statements and assist in Quarterly and Yearly
Balance sheet work. Review of monthly provisions.
-Review& approve accounts department’s expenses.
-Authenticate financial JV's, Cash & Bank vouchers.
-Prepare & review quarterly, half-yearly and yearly Balance Sheets and P&L including HO-CFD formats. Prepare
reason for deviation in various heads.
-Interact with auditors, reply to their queries & get Quarterly, Half yearly and Yearly Balance sheet, Profit &Loss a/c
signed from Auditors.
- Maintaining, review, audited books of Subsidiary Company of UTCL in all respect.
Budget preparation
-Compiling & review unit level data for preparation of annual Budget.
-Participate in discussion and finalization of Unit Budget within time.
-Checking of Unit Budget in TM1 software after entry of details by all the departments.
-Preparation of variance report with respect to budget, target, last month, last year and provide reasons to
management for review.
-Analysing the expenditures incurred and raising concern in case of noncompliance to budgetary parameters.
-Coordinate with P&B Cell for budget related activities.
- Review of Capex proposal prepared by other departments of the Unit.
-Submission of Capex progress report to Unit Management and coordination with CFD & PnB Cell for capex fund
management.
Insurance
-Arrange various details for timely coverage of insurance related to Plant, Employees and other assets.
-Timely filing of insurance claim, submission of claim documents after review.
- Provide clarification & do follow up with Insurance companies for early settlement of claim.
- maintain BG record for vendors
MIS and Reports
- Provide guidance for preparation of MIS.
-Checking and verify monthly financial statements, MIS, Monthly progress reports & other reports.
-Review of budgets and prepare reasons for deviation.
-Checking VDA, CVA, COPQ statements in coordination with all depts.
-Provide finance related information regularly to depts. as per the requirement.
Focus on SHE (Safety, Health & Environment) along with Sustainability initiatives
Ensuring 100% compliance of all safety standards and all applicable recommendations related to their concerned
area.
Educating team about “I know my job”, “I know the hazards associated with my job and I applied control measures”
& “I escalate to my senior” among manpower deployed in sections/department manpower including peer, WB & CL
manpower
Timely conducting scheduled SO round and reporting of accidents, incidents and near misses on occurrences in the
area of concern in system.
To conduct daily Tool Box, talk as schedule and before start the job any critical job along with SWP
Active participation in safety training, safety sub committees, standard champions meeting and any safety event
Ensure good housekeeping, limited use of power, no leakage of water, oil, air etc and reporting concerned if any
abnormalities for corrective action
Adhering of all safety precautions on the site and off the site
Replicating good practice for saving environment for long run sustainability and creating awareness among
manpower to save guard natural resources.
System Management- (Effective implementation of all IMS and other systems requirements through involvement
for continuous improvement in plant working condition & quality standards)
-To implement improvement project to reduce repetitive problems/breakdown or losses.
-Timely submission of Kaizen, OPL, Good to fine, suggestion on system
-Developing and sustaining Model area in respective sections
-100% active participation in respective KFA & GRT meetings and giving inputs related to bring new technology,
innovation and improvements towards productivity. Conduct awareness programs down the level team
-To know about IMS and other systems requirement and documents for non-Conformity in section during internal
and external audits or assessments.
-Implementation of critical spares & consumable SOP without any defilement
- Identify & arrange rectification of leakage points/unsafe points along with monitor & take corrective action for
show more