GM -Subsidiary Fin Ops,Insurance Mgt & TBO

Role

Finance – Insc,Subsidiaries,IT Outsourcng

Job Level/ Designation

M3 / General Manager

Function / Department

Finance / Reg., Subsidiaries, Infra partners, & Corp Fin Ops

Location

Corporate, Mumbai

Job Purpose

Subsidiary Finance Operation, Insurance Management, Accounting & Settlement of Key Contracts and Treasury Back Office Operations

Key Result Areas/Accountabilities

Business Finance – Subsidiary Operations (VIBSL & VF)

• Assuring timely and accurate monthly closing of financial books.
• Statutory and other compliances related to taxation and other matters
• Preparation of audit schedules, resolution of Audit queries and providing relevant inputs /schedules to auditor.
• Interaction with Statutory auditors and resolving audit queries
• Preparation of monthly P&L and BS variance and mitigation plan on any deviations
• Ensuring timely closure of ICFR compliances
• Ensuring CSR compliances as per CSR regulations
• Coordination with CSR Team for appropriate control in CSR spent and overhead allocation
• Treasury management – Preparation of monthly cash flow and placement of Fixed deposit for interim period
• Handing vendor payments in coordination with SSC Team
• Interaction with Tax Team and Consultants for submission on Tax litigation and handling contingent liabilities

Insurance Policy placement and Claim Settlement

• Effective handling of Insurance Policies Renewal & placement of new policy and timely claims follow-up, settlements and reconciliation
• Timely renewal of existing policies and initiate the process of placing new policy in most effect way to cover associated risk at best available rates
• Ensuring appropriate valuation exercise of Cellular Network Policy year 2021-22 for adequacy of sum insured and smooth settlement of claims.
• Preparation of Standard Operating Procedure on Replacement value of Assets for Cellular Network policy and claim settlement
• Settlements of claims in coordination with circles, insurance broker and insurance company in time bound manner
• Monthly claim review meeting with all the stakeholder and taking appropriate actions for nonmoving claims.

Management of Key Contract

• Accounts SPOC for preparation of key long term IT outsourcing contracts and managing accounting and reporting of IT cost
• Validation of monthly cost based on methodology mentioned in the agreement highlighting disputes with vendor if any
• Appropriate segregation of IT cost into Capex, Opex and Integration cost after due validation with Technology Team.
• Ensure to track SLA mentioned under agreement and raise penalties in case of non-compliance
• Interacting with IT & MIS team for discussions on identifying Capex and Opex natures of IT cost
• Regular interaction with Vendor for reconciliation of SOA and settlement of monthly dues
• Handling Statutory Audit related to IT outsourcing cost and resolving audit queries.

Treasury Back Office Operations

• Independent validation of Forwards contract deals and submission of the underlying documents to Bank
• Review of monthly consolidated Cash Flow and its presentation to Management
• Maintenance of governance, control and records of 350+ Bank accounts relating to

1. List of all bank accounts and authorized Signatories of the Company and its subsidiaries
2. List of persons authorized to operate Electronic Banking Systems

• Ensuring timely changes in above records based on business need
• Ensuring quarterly Treasury Back office related compliances and Internal audit reporting

Core Competencies, Knowledge, Experience

• Track record of handling team
• Interpersonal & communication skills for interacting with internal and external stakeholder
• Innovator and good negotiation skills
• Understanding of SAP/Oracle/ERP
• Experience of Insurance / banking / financial background (preferable but not must)

Must have technical / professional qualifications

Chartered Accountant

Years of Experience

10-12 years

Direct reports

Yes