Sr.Executive - Finance for Hyderabad Menzies Air Cargo
Hyderabad Menzies Air Cargo Pvt Ltd, Hyderabad 5 - 8 Yrs
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The candidate would assist the Finance Manager with the efficient and effective operation of the Hyderabad Cargo finance department, in particular reporting requirements, management information systems (MIS), the preparation of statutory accounts, audit requirements, completion and filing of statutory returns
Payroll preparation and processing
To ensure the effective and efficient use of company`s resources in achieving company objectives
Reporting & Management Information Systems (MIS)
In conjuntion with the Finance Manager assist with the preparation of the monthly financial statements, variance schedules and reporting package. Ensure relevant schedules and reports are prepared accurately an delivered in accordance with agreed timetable
Assist with the preparation of internal MIS reports for delivery to Menzies Aviation plc ("MA"), MAI and GMR Group on a timely and accurate basis. This includes the weekly `flash` report and monthly BURP reporting package and/or other ad hoc reporting
Seek continuous improvement in internal reporting practices and make recomendations for consideration
Assist with the preparation of statutory financial statements in accordance with the business year end and other periods (as required)
In conjunction with Finance Manager liaise and co-operate with external auditors to complete annual audit requirements or other audit activities as advised from time to time
Assist the Finance Manager in the preparation of the annual financial budget for the Hyderabad Ground Handling business in accordance with the templates and guidelines provided by MA and/or MAI
Prepare necessary journals/adjustments in SUN Systems as advised by Finance Manager.
Responsibilities & Accountabilities
Bank Procedures & Bank Reconciliation
Ensure 100% all financial transactions debited/credited to company bank account accurately reflected in SUN systems
Prepare the monthly bank reconciliation for the company and complete by the 2nd day following the month-end close. Ensure all cash receipts and payments recognised accurately and processed on a timely basis
Process bank statements for presented cheques and deposits through SUN Systems on a weekly basis. Ensure un-presented cheques are reversed in SUN Systems and cancelled after 6 months (from date of cheque)
Advise the Finance Manager immediately of any irregularities in the monthly bank reconciliation or bank statement transactions
Liaise with Senior Finance Executive (Billings) to ensure cash receipts reconcile with and accurately reflect cash receipts recognised in the HERMES Cargo System. Prepare appropriate receipts reconciliation on a monthly basis duly authorised by Finance Manager
Generate, implement and enforce cheque management policies and procedures to ensure in line with MAI requirements
Regulatory Requirements
Ensure the accurate and timely completion of all statutory returns (company tax, fringe benefits tax, indirect taxes, VAT, service tax etc.) and 100% accuracy with regards to lodgement with the relevant governmental department
Prepare the necessary schedules and analysis to enable the completion and filling in of the statutory returns and forms
Ensure appropriate sign-off and authorisation of Finance Manager prior to lodgement.Ensure company complies with taxation, lodgement and filing requirements.
Payroll
Oversee the preparation of the monthly payroll by the Finance Executive (Payables & Payroll)
Ensure all payroll data/transactions are valid and authorised in accordance with internal policy and procedures
Co-ordinate work flow with outsourcing company as and when required, ensure all time frames are achieved and reports/files submitted in accordance with the agreed time lines
Formal Accounting Qualifications (Bachelor Degree or Higher)
Professional Affiliation- CA, CS with post qualification experience
Excellent people and interpersonal skills
Financial and/or management accounting/reporting skills (experience in similar position)
Experience in completing internal managements accounts and supporting schedules
Experience assisting with the preparation of statutory accounts (preferred)