About Company
A Leading Electronic manufacturing, specialized in semiconductor devices, Serving multiple prestigious clients across India.
Job Description
A. Group Financial Reporting & Consolidation
- Drive the preparation of group and subsidiary financial statements – Balance Sheet, Profit & Loss, Cash Flow, Statement of Changes in Equity – including all required notes and disclosures as per AS.
- Ensure that all subsidiaries financials in the holding company’s format to enable consolidation.
- Perform inter-company reconciliation of closing balances and intra-group transactions; prepare adjustment entries for eliminations and other consolidation adjustments.
- Scrutinize Trial Balance and General Ledger – identify abnormal balances / transactions, confirm arithmetical equality (debits = credits) and correct errors before finalizing financials.
- Lead the period-end close process in the ERP environment, including opening / closing posting periods, ensuring proper fiscal procedures and controls.
B. Analysis & Management Reporting (MIS), Forecasting & Budgeting
Conduct ratio analyses (profitability, liquidity, efficiency), cash flow analyses and other business insights.Manage the monthly MIS process from business units : collect MIS, perform checks for accuracy, consolidate at company level, produce insightful Power Point presentations to management on variances (Revenue, Material Cost, Variable Cost, Fixed Cost, Other Income).Prepare presentations for meetings (Audit Committee, Board of Directors, Investor Calls) – focusing on standalone & consolidated financial health, internal audit observations, action-taken reports, and key numbers (Revenue, Volumes, EBITDA, PBT, PAT) with comparable.C. Audit, Compliance & Controls
Oversee statutory auditors’ review under applicable regulations and manage liaison with both external and internal auditors.Prepare quarterly audit plan (tentative due dates, SPOCs) and coordinate all audit queries.Act as audit-coordinator : arrange auditor meetings with company departments, respond to queries in a timely manner, ensure resolution of audit observations.Collaborate with secretarial consultant on compliance matters (related parties, MSME returns, DPT-3, CSR budget). Handle XBRL filings for financials.Support the development and implementation of reports and procedures in alignment with law changes and internal control requirements.D. Direct Taxation
Manage direct taxation : handle faceless tax assessments, respond to tax notices, prepare documentation for tax audits and represent the company before tax authorities.Compute and report current and deferred tax liabilities; ensure tax figures are appropriately recorded in the financial statements per accounting standards.Oversee Income Tax Returns (ITR), TDS / TCS compliance and coordination with tax advisors.E. Inventory Management & Product Costing
Establish and oversee the inventory management system : track stock movements, ensure controls around stock counts, reconciliations and inventory ageing.Supervise product costing design : define & maintain cost-structure for manufactured / held goods including materials, labor, overheads, and absorption of indirect cost.Select and apply suitable inventory valuation / costing methods (e.g., FIFO, specific cost) and ensure consistency of method year-to-year.Monitor inventory ageing, obsolescence, slow-moving and excess stock; ensure appropriate provisioning / write-downs in line with accounting standards.Provide periodic product-cost variances : material cost variance, labor cost variance, overhead absorption variance; feed these into MIS / management reports to highlight cost control opportunities.Collaborate with business units and supply-chain / production / warehouse teams to align operational inventory policy (reorder points, lot sizes, lead-times) with financial targets and minimize carrying cost.Work with the ERP team to embed inventory & product costing logic into system : ensure postings of inventory movements, WIP, finished goods, COGS flows correctly through the ledger, and reports support management decision-making.Link inventory & costing metrics into monthly MIS / rolling forecasts / budgeting : e.g., closing stock, inventory turnover, cost of goods sold, margin by product line, inventory days.Ensure disclosure note-requirements in financial statements for inventory (valuation method, cost formula, carrying amounts, etc.) in accordance with applicable standards.F. Indirect Taxation (GST, Customs, etc.)
Manage indirect tax compliance across the group : monitor, interpret and apply the regulatory framework for GST in India (CGST / SGST / IGST), ensure correct registration, tax classification (HSN / SAC codes), tax rate application, timely filings and claims of input tax credit.Oversee customs duty matters for imported goods : ensure compliance with tariff classification, correct valuation, duty