Royal Enfield Hiring for Finance Manager at Cannanore, Kerala, India Full Time

Job Description

Reporting LineGeneral Manager and MDLeadership LineAccounts Executive, Billing Executive, Finance CoordinatorLiaison TractionSales Manager, Service Manager, Spares Manager, Customer CarePre-requisites:1) Education:Commerce Graduate, preferably with Masters in Commerce or MBA Finance, or CA intermediate2) Career experience:Above 5 Years [out of 3 years should be in a similar domain]Career Path: Asst. Accounts Manager / Senior Accounts Executive / Lead3) Industry exposure:Automobile4) Skills required: Planning skills Should be updated with latest Government rules and policies Understanding of automotive business Eye for detail Knowledge of accounting principles, practices and procedures. Strong budgeting, financial forecasting and financial analysis skills Skill in performing detailed and complex numerical computations and reports. Knowledge and skill in supervisory practices and principles. Knowledge of computerized accounting systems and applications. Skill in both verbal and written communication.Responsibilities:1. Dealership fund management2. Managing and overseeing daily operations of accounts department3. Monitoring and analysing accounting data and producing financial reports4. Coordinating and completing annual audits5. Maintaining financial files and records6. Assist the Management in achieving set financial goals and play a key role in leading the organization in its realization of mid and long-term operational objectives.7. Ensuring healthier ROI is achieved in key SBUs, namely Sales, Service and Spares8. Get all financial report generated within stipulated time-frame, enabling the management to analyse and monitor financial performance direction and design and implement course correction measures, where required9. Monitor industry and competition statistics to undertake performance analysis and benchmarking10. Help Management by drafting mid- and long-term financial strategy, targets/goals, resource acquisition11. Instil and propagate financial sense among functional managers in all their activities12. Meets accounting financial objectives by forecasting requirements; preparing an annual budget; scheduling expenditures; analysing variances; initiating corrective actions.13. Confirms financial status by monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; preparing special reports.14. Work continuously towards strengthening the bottom-line of the business operation – by closely monitoring cost/benefits trends, taking remedial actions of short and medium term.15. Prepare management accounts (Bank reconciliation, Debtors & Creditors reconciliation, Age-wise Bills, Prepayment & Accrual, Depreciation, Profit & Loss, and Balance Sheet)16. Claims Reconciliation of Sales, Service, and Spares17. Payroll audit/verification18. Periodical audit of Spares, Accessories, Assets and reporting of the same – at HQ and Branch levels by Branch/Yard visits. Surprise audit visits – at least once in a quarter per branch.19. Customer Gift Distribution: Proper transaction recording and audit20. Participate in all management strategic meetings, provide input on how best to rationalize the cost and streamline the revenue – by innovative financial approach/prudence21. Ensure all accounting process and guidelines are adhered to for every transactions – Sales, Service, & Spares – and no financial dues are outstanding before commencing the last step of the process cycle – except in cases where Management’s written approval are issued.22. Verify special schemes that are offered by the SCs to Customers are valid for the time of committed delivery schedule and if found any errors [resulting in losses], get it resolved amicably by involving Management and/or Principal as the case may be.23. Discourage/disapprove all business cancellation attempts where the organization had made financial commitment towards the same, that may result in financial losses24. All losses that accrued out of SCs’ negligence must be debited into the concerned SCs account, at the same time alert Management on the issue for preventive measures to be introduced. This policy apply equally to all employees – irrespective to Department, Position or seniority.25. Monitor, analyse and report on all receivables [Clients, Principals, Employees, Vendors, Compliance Refund, Government Incentives/subsidy schemes). Depending on the escalation bar, consider legal actions to recover the dues in consultation with Management and initiate the same after obtaining necessary management approvals.26. Maintains accounting controls by establishing chart of accounts; defining accounting policies and procedures. Establish effective alert systems based on given financial parameters and share info/status timely with the Management, to facilitate healthy standing of the business.27. Maintains financial security by establishing internal controls.28. Ensure ‘HR Final Exit Clearance’ is granted only after rigid/microscopic scanning/analysis of Employee Dues – under various captions [e.g., personal accounts, job related assets, third party dues, etc.]29. Protects organization’s value by keeping all financial information confidential.30. Guides other departments by researching and interpreting accounting policy; applying observations and recommendations on operational issues and achieving set EBITDA and ROI.31. Taxation: Comply with all statutory filing of taxation – trade (GST, TDS, etc.), HR (PF, ESI, Prof Tax (staff and entity) etc.), etc. according to the government guidelines32. Compliance: Ensure all operational licenses and permits are obtained, renewed as per the government guidelines and no instance of penalty for non-adherence33. Avoids legal challenges by understanding current and proposed legislation; enforcing accounting regulations; recommending new procedures.34. Vendors’ selection and negotiations. Review and recommend on vendor offers – based on value, product & service quality analysis35. Preparing various MIS reports for Management [daily, weekly, monthly, quarterly, half yearly or yearly]36. HR: Accomplishes accounting HR objectives by recruiting, selecting, orienting, training, assigning, scheduling, coaching, counselling, and disciplining employees;37. HR: Communicating job expectations; planning, monitoring, appraising, and reviewing job contributions; planning and reviewing compensation actions; enforcing policies and procedures among Accounts Team.38. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.39. All other tasks assigned by the management from time-to-time.
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ReportingDescriptionFrequencySales Performance Report [of the month]v Branches-wise / by Team / SC / Productivity – with comparison with previous month, previous quarter (average), previous year same monthv HR: Revenue to Sales Force, Revenue to HR count – (with comparison as above)v HPromise: P/L, industry trends, (with comparison as above) lessons learned, proposed loss prevention measuresv Performance impediments, actions taken to neutralize, and proposed preventionsv Other income: (Insurance, Insurance renewals, pay-out & accessory) analysis, team wise and sc wise.v Misc. income: waste oil, scrap sale, othersv Per car revenue reportv Incentive reports: target vs actualv Expense control reportDaily RO reportFn [ 20th & 5th ]”Service:Fn [20Th & 05th]Spares:Fn [20Th & 05th]HR: HR CTC, Compliances share, Bonus/Overtime, Role Accessories, Health insurance, Travel, phone, others – with comparison with previous month, previous quarter (average), previous year same monthHR: Employee departure settlements [claims, dues, deductions, x]HR: Training and Development: Budget vs. ActualsM [5th]Local Audit: Sales, Service, Spares, Assets, ReceivablesQ [ 5th]Operational cost: infrastructure, utilities, bills, general supplies,M [5th]Sales/BD cost: marketing, promotions, incentivesM [5th]PR/Social contributionsM [5th]General compliance costs / government licenses/permits, etc.M [5th]Financial Notices / Claims / PayablesM [5th]All above reports/statistics to present in comparison to: (a) previous 3 months, (b) same month-Last year, Frequency: D (daily), W (weekly), Fn (Fortnightly) M (monthly), Q (quarterly)KPIsDescriptionPerformance Grading CriteriaReceivables :
Govt / Statutory Compliances:Departmental / Customer Satisfaction Score [CSS]:SOP Adherence:Effective cost control management :Financial prudence / investigative acumen:Identification/elimination of unhealthy financial trends.Continued improvements in [a] asset/net profit ratio; [b] HR / net profit ratioAdherence to internal reporting and communication guidelinesHR: Attrition level:Principal / OEM complaints:KRAsDescriptionPerformance Grading CriteriaAchieve Revenue and Net Profit Target:Strengthened/Improved Unit’s ROI on Y-o-Y for better(from last year by 7 %) and greater than from average ROI of last five yearsHealthier P/L > Q-o-Q >
Growth at: ______%Optimum level of Stock – Vehicle :___________ (value)Parts: __________ ValueStock Aging control: Vehicle:_______ days/Max;Parts: _________ days/maxTypical Time Share: DomainShare – %Hours / WeekAccounts/Finance Dept ManagementInternal / external liaisonHR: Team T & D, Recruitment, Mentoring,Reporting:PR / CompliancesAuditingJob Type: Full-timeSalary: INR25,000.00 – INR30,000.00 per monthBenefits:

• Cell phone reimbursement

Schedule:

• Day shift

Supplemental Pay:

• Performance bonus
• Yearly bonus

Education:

• Bachelor’s (Required)

Experience:

• Finance: 5 years (Required)
• total work: 5 years (Required)

Work Remotely:

• No

Speak with the employer
+91 9895113322