Job Title

Sr. Manager-Finance & Accounts

Department / Division

Finance & Accounts

External Interface

(Enlist external agencies/authorities that you are required to deal with while discharging your duty)

·         Auditors 

·         Statutory/ Regulatory agencies

·         Retailers

·         Vendors/ Agencies

Minimum Qualification

(i.e education, training etc.)

·         Chartered Accountant/MBA/ICWA

Minimum Experience

·         8-10 years of industry experience in the finance function with a knowledge of retail operations & corporate taxation

Special Skills/Attributes

(required for performing the job effectively)

·         Knowledge of Regulatory Framework

·         Knowledge of Accounting Standards and Systems

·         Knowledge of Financial Analysis & Control Frameworks and techniques

·         Understanding of Financial Risk Management framework

·         Budgetary Control & Cost Optimization techniques (including Funds & Cash Flow Management)

·         Principles of Tax Management

·         Statutory/ Regulatory Compliance Management

Overall Purpose/Objective

Of the job

Drive the financial planning and support the formulation of the short term and medium term business plan for the Center.  Provide support to the Corporate accounts team by ensuring all books of accounts are maintained as per internal and statutory compliance requirements

Key Responsibilities

(List major responsibilities, that you have,  to achieve the key objectives)

·         Develop the financial strategy, goals and targets for the Centre in line with corporate philosophy and strategy

·         Monitor compliance with set accounting and reporting standards as well as internal control systems defined by the Corporate to ensure timeliness and accuracy of accounting for the Center

·         Monitor adherence to statutory compliances and ensuring proper documentation of all books of accounts, reports, lease and revenue contracts

·         Monitoring the collation, compilation and preparation of Center annual budget requirement (both Capital and Operational expenditure) of various departments at the Center for the coming year and review the same

·         Monitor the budget spending of each department at the Center on a regular basis by analyzing the planned Vs. actual spend and escalating any significant variance to the GM-Finance & Accounts & GM-Mall

·         Monitor periodic auditing of Center’s accounts, to ensure accuracy and compliance with internal and external accounting standards and ensuring compliance with all findings/ recommendations

·         Monitor adherence to the Corporate insurance guidelines and provide coordination to ensure that the Center is adequately and cost effectively insured against risks

·         Monitor compliance with tax authority regulations and laws (pertaining to service tax) to ensure that the Centers finances are accurately and timely reported

·         Responsible for collection of receivables from the retailers in case of significant delays/ disputes/ non-reconciliation of balances, etc.

·         Manage Retailer Relationships by ensuring retailer set-up is done as per defined processes and review all necessary information for the retailer (commercial terms and agreement, etc.)

·         Develop and leverage relationships with Banks, Financial Institutions,  as well as liaise with legislative/ statutory bodies (service tax, excise, customs duty etc.) for all compliance requirements and to create and maintain cordial relations

·         Monitor verification of the bills raised by various service providers/ agencies to ensure all supporting & statutory documents are in place before approving the same for payment.

·         Should be well versed with the concept of financial statements preparation & presentation, like what is grouped in the various heads of balance sheet or Profit & Loss A/c.

·         Should have Knowledge of Tax Audit and Auditor’s Report

·         He should be well versed how the computation of Income for companies is done with applicability of relevant sections of Income Tax Act 1961.

·         Should have proper knowledge of Income Tax regarding assessment & appeal procedure. How to extract data from Income Tax e-filing website, Traces website, MCA website

·         Should have good experience of handling income tax cases related to Real Estate Business & Leasing of Property.

·         He should be able to co-ordinate for all audits – internal / stat / any consultants that come for audit & also take ownership of data compilation

·         Basic working knowledge of labour related Stat compliances