Financial Analyst

Job Description

Financial Analyst – Temporary Assignment
About the job

Job Purpose

The job holder plays a key role in providing both operational and functional support by, managing and directing the financial accounting in functions such as credit, GL.

Financial Accounting

• Manage the financial accounting function of all joint ventures and associates with responsibility to ensure proper periodical closure of books as per agreed timelines for reporting to management
• .Responsible to monitor and control performance of the GFS for the segment related activities under GFS purview
• .Ensure implementation of international financial accounting standards
• .Responsible to ensure compliance to DOA and credit policy. Also, responsible to update DOA and credit policy in coordination with Group Finance to best suit the business

.
Credit Analysis & Credit Contro

• l:Ensure weekly/monthly credit review meetings are conducted with respective Marketing Departments as per guidelines outlined in respective credit policies. Make sure minutes of the meeting are prepared and circulated and followed up on the outstanding status with the marketing personne
• l.Conduct credit committee meetings of Marketing companies with all concerned and documenting it with formal MoM that is shareable with Marketing Management team after every meetin
• g.Review annual credit limit conducted by the team for all the existing customers of all the businesses by analyzing average sales, average collections, maximum credit exposure, security availabl
• e.Review and evaluate customer credit application forms for customer account openin
• g.Analyze and recommend credit periods, credit terms, allowable credit exposure and securities limits for all new customer
• s.Ensure that credit violations are being approved as per the DOA hierarch
• y.Review ECL working and discuss possible changes in the working with external audito
• rsReview write off cases and make sure supporting documents are provid
• edMaintain Credit-Smart Dashboa
• rdEnsure that details of all returned cheques are intimated to the concerned departments as soon as the cheques bounce and to follow up on further recovery action
• s.Coordinate to ensure that receipting, remittance and banking of all cash and cheques are done on time. Follow up with business on open credi
• tsEnsure monthly receivables KPI is worked out and communicated with the businesses on the sa
• meVisit customer places to obtain financial information and to assess the credit worthiness as and when require

d.
Payments Cont

• rolEnsure AGIS, PRs, claims, cheques and payments are allocated to right charge code, captured in the GL on time, and are processed to the vend
• or.Supervise the day to day functioning of the account payable section to ensure timely and accurate booking and payment to vendo
• rs.Ensure necessary approvals are obtained prior proceeding for payme

nt.
Monitoring and controlling of monthly closing for accounti

• ng: Control and supervise the maintenance of books of accounts and review monthly accounts upon closure as per agreed timeli
• nes.Coordinate and control the preparation of periodic and year end GL schedules for the accou
• nts.Review opex analysis report and detailed explanations on the varian
• ces.Ensure corrections are done within the same per
• iod.Ensure interfaces are run and reports are reconciled wit
• h GLEnsure compliance with the fast quality close timelines and Flash report

ing.
Intercompany Reconciliat

• ions:Make sure quarterly reconciliations for Intercompany accounts are maintained and follow up with the respective companies for the clearance of open items /issues are occu
• rred.Make sure of that the circulation of all AR Balances and Statement of Accounts to the respective staff in the Group

Co’s.
O

• thers:Monitor the working capital requirements of the business units, works with Group Treasury on the management of Segment borrowings and foreign exchange require
• ments.Track and monitor the correctness of VAT liability being captured in the system for all AP and AR inv

oices

• .
  AuditOverall responsibility for the planning of the interim, hard close and final statutory audits of the Business Units in discussion with Financial accounting section of group f
• inance.Overall responsibility in overseeing the conduct of the government, external and internal Audits of the business units and compose responses to observations in the auditor reports on business related financial acti
• vities.Coordinate with the external auditors on interim, hard-close and final audits by managing the compliance of statutory audit requirements for the business units and ensuring the timely completion of

audits.
Due D

• iligenceResponsible for implementation of Corporate Governance framework specified b
• y Group.Ensure business dynamics are reflected appropriately in the framework creation and ensure a framework involving Delegation of Authority limits, financial policies and procedures, documentation standards and transparency in trans
• actions.Responsible to monitor and control performance of the GFS for the segment related activities under GFS
• purview.Coordinate with IT for any system development, automation, and implementation in all the fields (AR,

AP, GL)
Regulatory S

• ubmittalsManage the overall submittal timelines and provides guidance and clarification on doubts including resolution of issues arising out of those sub

missions.
Special A

• ssignmentsAssist the Segment Finance Head with ad hoc projects and special a
• ssignmentsParticipate in various committees either as member or speci

al invitee