Specialist - Accounts

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Date: Feb 17, 2025

Location: Mumbai, MH, IN

Company: Bajaj Electricals

JOB ROLE

Specialist – Accounts

JOB ID

 

REPORTING TO

Vertical Head – Accounts (Lighting) & Investor Relationships

TYPE OF ROLE

Individual Contributor Role

LOCATION

Corporate Office, Mumbai.

BU/ DIVISION

Finance

JOB PURPOSE

Responsible for overall accounting and analysis of Lighting Segment for MIS & Statutory reporting requirements. Further also responsible for many corporate activities.

KEY RESPONSIBILITIES

  1. Carry out monthly analysis of LT division from PNL & BS perspective (50%): -
    1. Dashboard for revenues and costs.
    2. Ledger scrutiny.
  2. Ensure correct accounting of all entries affecting LT Division including POCM (20%): -
    1. Accounting areas include BOCW - Provision (Labour Cess), Contractor's Expenses Provision, Additional Discount, Warranty Provision, Promotional / DSO Provision, Unabsorbed & MIT Inventory, Material Rate difference, closed project expenses provision, POCM – Ind AS 115, Insurance – Prepaid, FMS - Inward / Outward Provision.
    2. Maintain overall hygiene for accounting for all areas affecting LT Division.
    3. Highlight one off entries and areas which need deeper analysis and focus.
  3. Ensure correct accounting of corporate areas (10%): -
    1. CSR
    2. BIF and other corporate investments
    3. Managerial Remuneration
    4. Unclaimed dividend
    5. Audit fees
    6. ESOP
    7. Sundry recoverable
    8. Balance sheet reclassification entries
    9. NDC from vendors mainly transporters
    10. Liability for expenses (BS side)
  4. Special corporate activities (15%): -
    1. Quarterly RPT working and analysis
    2. RPT (arm’s length assessment & omnibus approvals)
    3. Contingent liabilities
    4. Tax audit
  5. System development (5% ): -
    1. Automated RPT report from SAP
    2. Maintain checks for new parties added as per latest documents from CS team

EDUCATIONAL QUALIFICATIONS

M.Com or Inter CA

MBA/ PGDM  (Finance)

WORK EXPERIENCE

5-7 yrs work experience required in finance and accounts with experience into book closing, analysis, provisions, finalization

CERTIFICATIONS

NA

PREFERRED/ ADDITIONAL REQUIREMENT

NA

NO OF REPORTEES

-

INTERNAL / EXTERNAL INTERFACE

  • HOD's
  • Business Heads

BEHAVIORAL COMPETENCIES

  • Think Beyond
  • Put Customers First
  • Collaborate to Win
  • Develop Talent
  • Be the Best
  • Be Agile

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