ITC is one of India's foremost private sector companies with a Gross Sales Value of ₹ 76,097.31 crores and Net Profit of ₹ 15,136.05 crores (as on 31.03.2020). ITC has a diversified presence in FMCG, Hotels, Packaging, Paperboards & Specialty Papers and Agri-Business. ITC's aspiration to be an exemplar in sustainability practices is manifest in its status as the only company in the world, of its size and diversity, to be carbon, water and solid waste recycling positive. In addition, ITC's businesses and value chains create sustainable livelihoods for more than 6 million people, a majority of whom represent the poorest in rural India.
VACANCY DETAILS :-
POST NAME - Finance Executive
QUALIFICATION - B.Com
PREFERRED QUALIFICATION - B.Com With CA Inter/CMA Inter
EXPERIENCE - 2 To 7 Years
LOCATION - Bangalore
JOB DESCRIPTION :-
- Financial Accounting- Assist in review and preparation of Monthly Accounts, Inter Company Debit Note Accounting, Review of Accounts & GL analysis, Preparation of Quarterly Schedules etc.
- Tax related Analysis- Review of C Form compliance and CENVAT compliance report sent by factory team in desired format; Ensure TDS & Reverse Service Tax compliances, Resolve tax related issues if any;
- Audit Control- Coordinate with audit team for implementation of audit recommendations; Resolve issues if any during implementation
- Capex- Managing Capex Finance operations including Negotiation with suppliers, Ordering, Payments, Statutory Compliances, Retention & Advances, Bank Guarantees, LC, Transfer Pricing Regulation etc. Managing Budget tracking. Evaluating financial viability of all Capex proposals.
- Revenue- Ensure timely payment of all category related payments-contractors, admin, spares. Ensure compliance of company policies with regard to ordering and competitive quotations.
- Financial & Cost Analysis- Prepare monthly financial reports (e.g. material reports, scrap sales reports, finished goods aging report, sales report SKU wise and COGS); Prepare monthly profit and loss report for category; Assist in MIS on a month on month basis
- Assistance in Business Planning- Calculate COGS for the coming year based on inputs from procurement & manufacturing team and past performance data; analyzing impact of material & freight inflation, analyzing fixed cost.
- Inventory Management-Conduct surprise stock verification audit at CMU/owned unit; Review reconciliation of physical stock with stock records and SAP; review of stock accounting & moving (weighted) average price.
- Policies and Systems- Review and ensure adherence to company policies and systems
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