Associate Accountant

Roles and Responsibilities

• Maintain all aspects of billing. Monitor departments activities/revenue on a daily/weekly basis and submit Monthly auto units billing to the customer as per the agreed SOP.
• Consolidation and reporting of all KPI's and management reports.
• Full analysis of shipment creation from Billing (SAP and Yard Logistics) aspect and identify revenue leakage (additional Billing) and determine solutions to avoid in future.
• Usage of Fuel control and analysis vehicle-wise report.
• Performs discovery and analysis for the purpose of documenting workflow, processes, and needs.
• Creates business requirements and analyses functional/technical specifications to ensure needs are addressed.
• Preparation of Automotive Logistics Budget and Forecast as per Group Timeline and update the same in IFRP.
• Monthly BSS (Balance Sheet Substantiation) for 2 entities.
• Freight revenue/margin report and incentive working.
• Project Support as per Management deliverable/timelines.

What You Will Do:

• Sales Report:
• Automotive Revenue Report by Activity on a Monthly basis.
• Freight Revenue and Margin Report on a Monthly basis.

Monthly Report:

• Volume Report by Brand/Location and movement.
• Rebate Computation on a quarterly basis as per agreement with Port Authority.
• Standing Guarantee Report from Customs Authority and status/reconciliation.

Reconciliation:

• Two reconciliations:
• Fuel pump consumption.
• Revenue and cost of sales.

Operations (AFL):

• Invoice/Cost related matters.
• Costing.
• Monitor Cash invoice.
• Fuel reporting.

Sales (AFL):

• Customer details.
• Knowledge of the customer.
• Query response.

Finance and Finance Support Team:

• Overheads analysis.
• Overheads comparison with Budget.
• Review of risk and opportunities on the business.
• Budget support.

Management:

• Monthly reports.
• Monthly commercial report.
• MIS.
• IFRP Update.

Required Skills to be Successful:

• CA qualified with 4 years' experience.
• Analytical skills.
• Positive attitude & flexible.
• Good communication skills.

About the Team:
You will be reporting to Finance Manager.

What Equips You for the Role:

• Professional qualification of CA or ACCA.
• 4 years in Finance including 6 years in Freight Management and commercial &/or operation support.
• Working in a Logistics Company will be an added advantage.
• Understand the business to develop/introduce reports and have the operational knowledge to know activities for analyzing the financials.

1. Financial Recordkeeping:

• Bookkeeping : Recording all financial transactions in the company's ledger, ensuring accurate classification of revenues, expenses, assets, and liabilities.
• General Ledger Maintenance : Ensuring that all journal entries are accurate and recorded according to the accounting principles.
• Accounts Payable and Receivable : Managing the company's payments to vendors (payables) and collecting payments from customers (receivables).

2. Financial Reporting:

• Preparing Financial Statements : Preparing the balance sheet , income statement , cash flow statement , and statement of changes in equity on a regular basis (e.g., monthly, quarterly, or annually).
• Compliance : Ensuring that financial statements comply with Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) , depending on the regulatory environment.
• Budgeting and Forecasting : Assisting in preparing budgets, forecasts, and financial projections based on historical data and company goals.

3. Tax Preparation and Compliance:

• Tax Filing : Preparing tax returns (corporate, income, sales tax, etc.) and ensuring compliance with tax laws.
• Tax Planning : Advising on tax-efficient strategies for the business to minimize tax liabilities while remaining compliant with local, state, and federal regulations.
• Handling Audits : Assisting with internal and external audits, providing necessary documentation, and resolving any discrepancies.

4. Cost Analysis and Financial Analysis:

• Cost Accounting : Analyzing the cost structure of products or services and helping the organization manage expenses, such as direct and indirect costs.
• Variance Analysis : Comparing budgeted figures to actual performance and analyzing differences to understand financial results and recommend adjustments.
• Financial Ratios and Metrics : Using financial ratios (e.g., profitability, liquidity, and solvency ratios) to assess the company's performance and provide insights into business decisions.

5. Internal Controls and Risk Management:

• Internal Audits : Monitoring the internal control systems to ensure the accuracy of financial records, prevent fraud, and maintain compliance with regulations.
• Risk Management : Identifying and addressing financial risks, ensuring that the company has appropriate insurance coverage, and protecting assets from theft or mismanagement.

6. Payroll Management:

• Employee Compensation : Ensuring accurate processing of payroll, including calculating wages, tax deductions, and benefits.
• Payroll Compliance : Ensuring payroll complies with labor laws, tax laws, and other legal requirements.

7. Account Reconciliation:

• Bank Reconciliation : Reconciliation of bank statements to ensure the company's financial records match with the bank's records.
• Account Reconciliations : Ensuring that all balance sheet accounts are properly reconciled at the end of each reporting period.

8. Advisory and Consultation:

• Financial Advice : Providing management with advice on business decisions, financial health, investments, and opportunities for cost-saving.
• Strategic Planning : Assisting in long-term financial planning and strategic decisions based on the analysis of financial data.