Ensure the coverage of full risk as and where applicable by taking insurance policy with the insurance company taking Top Management into confidence including the effective selection of the insurance company. Besides take full responsibility for settlement of insurance claim as and when arises. Scrutinize carefully all the inclusion and exclusion in the insurance policy.
Ensure implementation of all SOPs including amendment of those SOPs from time to time as and when required.
Monitoring supply chain of the raw material for SNF business and ensuring the timely placement of order and delivery of the material for un-interrupted production.
Finalization and monitoring of buying (Domestics & Overseas) of Naphthalene and other related raw materials, transportations and packing material and other goods for smooth operation of the business.
Monitoring the statutory compliance including Transfer Pricing, Direct & Indirect Tax . Involvement in Tax planning to minimize Tax liability .To coordinate with the Tax advisors, legal and Government bodies to ensure compliance with all statutory requirements.
Coordination and dealing with Internal Auditors for improvement of internal controls in the business and support functions.
Formation and Circulation of corporate accounting policies and guidelines from corporate office including road maps for preparation and adopting new changes in the field of Accounts
Coordination with Finance Team for the opening of the LC for procurement of raw material from outside India and also for BG as and when required.
Preparation of all the documents and ensure arrangement of license for availing the duty free imports and ensure all compliances related to export obligation against such license and closure of such licenses within the stipulated time after complying all the necessary formalities with the DGFT.
Monitoring physical verification of fixed assets, raw materials, finished goods and consumables in co-ordination with production and stores department at frequent intervals .
Adherence to credit policy as financial watchdog and debtors management to ensure timely projected cash Inflow at regular intervals on weekly basis.
Effective management of creditors to achieve targeted NWC .
Involve in vetting / approving all the financial transactions, purchase / sales order for all the locations.
To ensure timely generation of all financial & commercial data related to SNF business
To ensure smooth functioning of the SNF business and achieving targeted / budgeted profitability and to timely advise CFO and Business Head in terms of any exception or any critical matter.
To work as watch-dog for all commercial activities, SOPs , statutory, environment and regulatory and legal aspect of the business and to support Business Head as Analyst.