Key Responsibilities Areas of Mr. Pradeep • Creating and implementing financial policies of the organization • Planning financial budgets to increase operational efficiency of the organisation • Monitor cash-flow of the organisation by monitoring income, expenditure, and investments • Preparing MIS reports and evaluating them to optimize resources • Identifying areas of cost-reduction to maximize profit is one of the key responsibility that should be included in finance executive job description • Assisting the managerial team in budgeting, taxes, and investments • Supervising a team of accountants and finance clerks • Assist in financial audits • Performing regular financial analysis; resolving issues Broad Categories / Functions that he should be responsible for: I. Financial 1. Realtime updation in the books of account with respect to: 1.1 Sales 1.2 Purchase 1.3 Cash transaction 1.4 Bank transactions 1.5 Journal Transaction 2. Maintenance of supporting document for each of the financial transaction as above 3. Recording of transactions in an agreement 4. Maintenance of Annual Maintenance contracts as applicable 5. Maintenance of Insurance coverage on secured assets and other assets 6. Preparation and submission of regular documentation to the Bank against the credit facility availed 7. Third party balances confirmation to obtain 8. Reconciliation of Bank balances on a day to day basis 9. Reconciliation with Vendor and customer balances on a Real time basis 10. Verification of the Tax Credits in the Form 26AS and reconcile with the books 11. Maintenance and recording of inventory balances - Receipt, issues, production and closing balances
1. Statutory Registration - New and Renewal 2. Periodic remittances under various statutes - Direct and Indirect Taxation, Labour laws. 3. Periodic Return filing under various statutes - Direct and Indirect Taxation, Labour Laws. 4. Attending to notices received and ensuring that responses are reached to the regulatory authorities before the due date. 5. Reconciliation of balances as appearing in the portals of various statutes with the books of account
III. Controls within functions 1. Maintenance of documentation for every transaction which happens in the organization. 2. Prepare a delegation of Power and implement the same ` 3. Prepare a Delegation of Powers matrix and operate within that matrix
IV. LIAISING 1. Representing the organizationbefore various regulatory authorities 2. Liaising with Banks and financial institutions.