Carlsberg Group
Location
Gurgaon | India
Job description
Primary Purpose of Role:
Handing Treasury (mainly banking and cash management) of CIPL. Managing Banking relationship, ensuring proper & timely banking support required for operations. Prudent deposits placement, Introducing Treasury initiatives. Managing and enhancing Supplier Chain Financing and early Invoice discounting program. Credit facility renewals with banks. Credit rating with credit agencies. Commodity and FX hedging accounting and operational management. Group Treasury reporting and handling Quarterly Cash Calls with Group/Region Treasury. Ensuring correct, authorized, timely payments of duties and taxes. Ensuring correct processing of imports. Ensuring fool proof controls in Treasury and Accounts Payable area. Ensuring timely reconciliations according to SOPs. Sample checking of Bill processing and ensuring actions against observations. Ensuring timely payments of RM/PM/Contractors across all breweries and co-packers. Business Partnering and Cost controlling for Marketing and Admin Function. Supporting & Preparation of Budget and Estimates related to Treasury, Marketing and Admin Cost. Monthly Treasury and AP related Schedules. Ensure strong internal controls w.r.t all the above areas. Key Accountabilities: • Timely payments (imports, capex, RM/PM, employee claims, admit/IT expenses, logistic costs, statutory dues etc) • Ensuing timely bank reconciliations • Timely renewal of credit facilities. • Control on all AP and payment/bank activities are followed • Compliance: TDS, GST etc calculated and accounted correctly. • Reviewing 100% Pay-outs for Company. This person is the control point for 100% payments, need to critically review the payment proposal prepared by Treasury executives. • Reconciliation of Expense GL, Vendors, Employees, transporters etc. • Ensuring timely and 100% accurate TDS and GST accounting. • Ensuring SOPs are following in Treasury and AP related area. Key Responsibilities: • Maintaining relationships with banks, credit agencies. • Efficient utilization of funds & deposits placement. • Monitoring Investment for Gratuity Trust. • Working capital management & analysis. • Funds planning, projections & management • Enhancement of Supplier Factoring, Dynamic Invoice discounting program. • New initiatives and automation in Treasury and Accounts Payable • MIS wrt AP, treasury, payments, bank charges etc • Maintaining authorized signatories, getting changes approved by board, updating in bank, Ensuring compliance on the same. • Close monitoring of all sorts of bank charges, MIS on the same and reduction of the same • Credit ratings • Getting limits approved with the bank at minimal cost • Preparation of fund forecast, analysis of actual vs forecast. • Ensuring full internal control over all accounts payable and payment activities. • Monitoring working of outside agencies to which invoice/employee claim working has been outsourced. Key Challenges in Achieving Goal(s): • Need to establish accounting and operational framework for commodity hedging. • The quality of work done by Bill processing Team for Invoices, LR processing is not up to the mark. Highlighting mistakes, challenging & train them by using observations coming out of Sample checking, reconciliations, and timely training on COA/Chart of accounts etc. • Most of the activities in this role are urgent and needs to be done on urgent basis. • Controls need improvement. Documentation of work and controls also need improvement • The industry is extremely diverse and demands companies to be extremely agile. Maintaining a balance between controls and agility sometimes becomes extremely difficult. • Duties and taxes in this industry are very high. This person is responsible to ensure effective control over all these payments. The amount is ~5000 crore pa. Qualifications: CA Experience : More than 5 years of experienceJob tags
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