General & Subsidiary Ledgers: Oversee and monitor the reconciliation of all general ledgers and subsidiary ledgers, ensuring accurate classification of income, expenses, assets, and liabilities.
Chart of Accounts (CoA): Maintain and develop the Chart of Accounts to align with business expansion and reporting requirements.
Closing & Financial Statements: Lead the month-end, quarterly, and year-end closing processes. Supervise the preparation and timely reporting of monthly, quarterly, and annual financial statements (Balance Sheet, P&L, Cash Flow) in accordance with standard procedures (IFRS/IAS).
Outlet Consolidation: Prepare consolidated Profit and Loss accounts across various outlets and business units.
Transaction Integrity: Verify, monitor, and control accounting transactions, records, and documentation to ensure they are properly entered into register books and financial software.
Taxation & Withholding: Oversee the calculation, deduction, and timely payment of Corporate Advance Income Tax, Tax Deducted at Source (TDS), and VAT Deducted at Source (VDS).
Budget Coordination: Coordinate with various departments to compile, prepare, and review monthly, quarterly, half-yearly, and annual operating budgets.
Variance Analysis: Compare actual financial performance against budgets and forecasts, identifying and reporting root causes for overspends or revenue shortfalls.
Costing & Feasibility Support: Assist the pricing team with product costing, analysis, and negotiations. Conduct financial feasibility studies for new outlet openings or closures.
Management Insights: Translate complex financial data into concise, actionable reports for senior management to facilitate easy decision-making.
Supervision & Mentorship: Control, monitor, guide, and mentor subordinates within the accounting team to ensure accuracy in daily work.
Systems Advancement: Assist in the development, implementation, and optimization of the ERP system to automate reporting and improve data integrity.