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Corporate Plant Accounts Jobs in Mumbai - JSW steel

Corporate Plant Accounts

JSW steel
experience-icon 0 to 3 Years
salary-icon Not disclosed
qualification-icon Any Graduate
Expired

Posted: 02 Aug 19

Job Description

Position Name : Corporate Plant Accounts

Location: Maharashtra, IN

Company: JSW Steel Ltd

Educational Background and Work Experience:
  • Chartered Accountant / Cost Accountant /Company Secretary
  • Preferred Experience in ICFR Reporting, INDAS accounting, Accounts & Finance, Analysis of Cost & Variances & Board Compliances

Purpose :
  • Responsible for corporate control / monitoring over all the JSW Steel Group Plant Finance & Accounts functions in line with the corporate policies and processes, Common Reporting & control activities.

Key Result Areas :
  • To ensure the book close/ Plant Accounts Financial Closing on monthly/quarterly/annual basis as per timelines agreed.
  • Structured Financial MIS and Analysis Pack for Plant Financial Reporting - Cost and Variance Analysis.
  • MIS for Executive Committee /Audit Committee /Board meetings.
  • Ensure that the Internal Control over Financial Reporting/ Internal Controls are designed as per process and ensure operating effectiveness of the same
  • System Development initiatives across SAP Modules -Automate Rebates, NSR Reports from SAP.

Critical Tasks:
  • Monthly Closing of Plant Financials by 8th of Next Month.
  • Structured MIS for Financial Reporting all plants to be submitted by 13th of Next Month.
  • Plant Board Notes and Board Information submission by 13th of Next quarter.
  • EBIDTA Analysis of plants on monthly basis by 10th of Next Month & Quarterly Profit & Loss Analysis for all plants by 15th of Quarter ending.
  • Balance Sheet Analysis for all plants by 18th of Quarter ending.
  • lCFR reporting for FY 2017-18  - Design Risk Control Matrix for all key Controls and ensure operative effectiveness of the same.
  • System Development initiatives, System /Users Controls - Automate Audit Requirements  from SAP.
  • Design Analysis pack for financial reporting and ensure analysis pack is available for management review well in advance.
  • Business analytics for improving reporting and add value to the business by way of being critical interface between business. - NSR Reports, Balance sheet analysis and ageing reports
  • To ensure financial process of book close, AP, AR and R to R operating efficiently (Review of KPI for each of the functions) and ensure standardisation across business.
  • Improve efficient, automate and review of the finance processes -AP,AR
  • >Sales accounting process- Credit Notes, Export Benefits Module
  • >AP/AR-Ageing, review of KPI
  • >Automation of RTP limits and tracking.
  • Preparation of Balance Sheet for Business Plan - Plants.
  • Compliance related to Related Party Transactions -Audit Committee approval for all related party transactions, track the RPT within the limits approved and Compliance to SEBI listing guidelines.

Decision making authority:
  • Discussions with Products Sales Heads and finalization of Sales Quantity on monthly basis.
  • Month cut off for Material Transactions and SAP Closing for Material Period.
  • Analysis of Cost Vs Accounts booking in SAP and go ahead for Monthly Cost Valuation through SAP Material Ledger Programme.
  • Related Party Transactions Tracking & approval mechanismSAP User/System Control for JSW Ltd.

Competencies:
  • Knowledge of SAP/ ERP process for FICO Module and knowledge of SAP Process Cycles along with Excel Analytical tools: (Finance & Costing Module)
  • Procure to Pay (P to P)
  • Order to Cash (O to C)
  • Record to Report (R to R)
  • Hire to Retire (H to R)
  • Inventory Management
  • Fixed Assets
  • Business Acumen
  • Relationship Management
  • Knowledge of Applicable Accounting Standards & Accounting Treatment of various Transactions
  • Liasoning with various internal/ external customers


Working relationships - Stakeholders


Internal:
  • Plant Finance and Accounts Team
  • Shared Service Vertical (GBS)
  • Internal Audit Team
  • Working Capital & Project Finance Function
  • Marketing Team corporate & Plant CSD
  • Commercial Team Corporate & Plant

External:
  • Statutory Auditors
  • Management Auditors
  • Vendors & Customers
  • Bankers
  • Statutory Authorities
  • Local Bodies

Key Success Factors - Challenges:
  • Relationship building skills for various cross functional Dept. at Plant locations (i.e. Commercial, Marketing, Finance, Working Capital, MIS & Budgeting so as to collect/analysis information meaning fully and submission on timely basis.
  • Meeting Target Dates for various Material Transaction closing, Sales Closing, Monthly Accounts provisioning,
  • External Stakeholders information submission on timely basis.

Job Particulars

Education Any Graduate
Who can apply Freshers and Experienced (0 to 3 Years )
Hiring Process Face to Face Interview
Employment TypeFull Time
Job Id667339
Locality Address
Country India

About Company

Amongst the leading conglomerates in India, JSW Group is a $14 billion company. It is an integral part of the O. P. Jindal Group, and has been a part of major projects that have played a key role in India’s growth.

Ranked among India's top business houses, JSW's innovative and sustainable ideas cater to the core sectors of Steel, Energy, Cement and Infrastructure. The Group continues to strive for excellence with its strength, differentiated product mix, state-of-the-art technology, excellence in execution and focus on sustainability.
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