Apraava - Deputy Manager - Finance & Accounts - CA

Contribute to the formulation of the annual business plan and budget for RE assets, ensuring alignment with RE business objectives.

• Support Senior Manager - Finance & Accounts in formulation of annual budget for RE Assets in consultation with the RE Asset Head and Asset Managers; Track performance (actual against planned) and provide updates to the management.
• Monitor budget compliance across all assets through proper cost control and budget compliance policies and procedures.
• Provide periodic status updates to management on compliance to budget and other financial parameters across all assets.
• Manage all accounting processes and activities for RE assets with the objective of ensuring completeness of accounts and ensuring a true representation of financial results to the management.
• Prepare monthly, quarterly and annual financial statements for RE assets such as P&L statement, balance sheets, drawing power and cash flows, ensuring compliance to defined policies and timelines.
• Perform month-on-month, YTD comparisons and a detailed deviation analysis and provide periodic MIS to management on the findings.
• Ensure accurate update of derivative accounting entries recording the forwards and options taken and principal / interest payment on foreign borrowings.
• Monitor compliance of all business processes and activities with applicable financial controls and facilitate related audits
• Ensure all processes and activities are compliant to the applicable financial controls, rules, regulations and SOX cycles; Identify cases of non-compliance and report to management.
• Monitor completion of compliance recording in the CMS by all departments; coordinate with 3rd party consultants for issue resolution.
• Facilitate internal and external audits for RE assets to ensure compliance with established financial controls, rules and guidelines.
• Coordinate with internal / external auditors to drive timely completion of all financial audits as per defined schedule; Drive implementation of audit findings thereby reducing instances of non-conformance Maintain all files and documentation thoroughly and accurately, in accordance with company policy and guidelines; Ensure timely generation of reports as requested by management.

Skills and knowledge :

Minimum education qualifications for the position : CA

Functional Skills :

Relevant and total years of Experience : Overall experience : 6-8 years in power industry accounting

(ref : iimjobs.com)