AGM / GM – Finance & Accounts

from 16 to 25 year(s) of Experience
Mumbai, Mumbai Suburbs

Job Description

Domestic Business

1 Preparation of annual P&L budget for the core business of the company in ERP.
2 General ledger scrutiny for monthly closing activities.
3 Review of Budget Vs. Actuals based on systems output and variance analysis of the same.
4 Monthly valuation of inventories and its analysis in consultation with Cost Accountant.
5 Preparation of monthly financial statements (P&L statement & Balance Sheet) after closing all the modules in EBS (Oracle ERP).
6 Finalisation of standalone and consolidated statement of Profit & Loss and Balance Sheet and audit of annual financial statements in accordance with Ind As & preparation of annual report (financial part).
7 Compliance of regulatory requirements w.r.t. the Companies Act, 2013, MCA, etc.
8 Finalisation of standalone and consolidated statement of Profit & Loss and Balance Sheet and audit of Wholly owned subsidiary company in Germany and compliance with regulatory requirements.
9 Statutory compliances of foreign wholly owned subsidiaries such as filing of APR with RBI, etc.
10 Evaluation of inter-company transactions within the group from a Related Party transactions (transfer pricing) perspective.
11 General Ledger scrutiny to identify cases of under-utilized Assets.
12 Liaisoning with Banks for servicing their information requirements for credit assessment & maintenance/enhancement of limits, etc.
13 Liaisoning with credit rating agencies for bank borrowing credit rating, etc.
14 Prepare forward-looking statements to be provided to institutions, banks & credit rating agencies.
15 Review of RR under-performing assets and recommending action to be taken
16 Co-ordinating internal audit with user groups and finalizing observations and responses for top management.

International Business

1 Evaluating and reviewing ROCE and ROE on all investments in subsidiaries as against cost of capital of the parent company.
2 Business partnering and carrying out variance/trend analysis of Plan Vs. Actuals focusing on Revenue, Margins (bifurcated into Price, Volume, Product Mix, exchange gain/(loss)), S&D and G&A expenses, EBITDA, EBIT, PAT, Head count, DSO (days), Inventory (days) & Capex.
3 Review of annual budget for P&L, Cashflows, Capex & headcount for existing subsidiaries and more subsidiaries that may be added in future.
4 Review of monthly business analysis deck provided by MIS team in ELCZ.
5 Periodically review and evaluate the effectiveness of internal controls prevalent in the subsidiary companies, both system and manual controls.
6 Define the Risk matrix in each of the subsidiary companies and review the findings of Internal auditors on tests carried out against each of the risks.
7 Tax planning for subsidiaries.
8 Preparing and suggesting Transfer Pricing of products for sale between subsidiaries, inter-se.
9 Arrange Transfer Pricing documents from India for operating subsidiaries in compliance with their respective local laws.
10 Co-ordinate and plan cashflow requirements of all subsidiaries and arrange funding thereof, with top management approvals.
11 Co-ordinate the banking arrangement of all subsidiaries and provide necessary information to group bankers, where applicable.
12 Ensure compliance of all statutory provisions as per the law of land of the respective subsidiaries.
13 Provide support for drafting and review of legal/commercial contracts of subsidiary companies.
14 Support in formation of New subsidiary companies overseas.
15 Review the accounting policies and financial statements of subsidiary companies, prior to their finalization.
16 Interact with the statutory auditors of subsidiary companies, where necessary.
17 Co-ordinate the reconciliation of inter-company accounts of subsidiaries, for transactions inter-se.
18 ERP implementation for ELCZ and other group companies as necessary

Required Candidate profile

Should have current / Prior experience in Big 4 firms in assurance.
Should have experience in manufacturing / medical devices industries.

Salary: Not Disclosed by Recruiter

Industry:Medical / Healthcare / Hospitals

Functional Area:Accounts, Finance, Tax, Company Secretary, Audit

Role Category:Senior Management

Role:Head/VP/GM-CFO/Financial Controller

Key Skills

Desired Candidate Profile

Please refer to the Job description above


PG:CA - First Attempt

Doctorate:Doctorate Not Required

Company Profile

Transasia Bio-Medicals Ltd.

Transasia Bio-Medicals Ltd is India's largest In Vitro Diagnostics Company and offers solutions and products in Biochemistry, Hematology, Coagulation, ESR, Immunology, Urinalysis, Critical Care, Electrophoresis, Molecular Diagnostics, Diabetes Management and Microbiology. Transasia was incepted in the year 1979 and is headquartered in Mumbai. Transasia is a part of the global Erba Diagnostics Mannheim GmbH Group. The Erba Transasia Group has spread its footprint across USA, UK, Europe, Turkey and Eastern Europe, Russia and France, by means of various acquisitions - Erba Germany, Erba Czech Republic, Erba Russia, Erba Turkey, Erba France, Erba Diagnostics (USA), Erba Molecular (UK), Diamedix (USA), Delta Biologicals (Italy), ImmunoVision (USA), JAS Diagnostics Inc. (USA) and Drew Scientific (USA). Today, the Erba Transasia Group serves millions across 100 countries. Transasia manufactures and markets Equipment and Reagents, with an impressive installation base of above 50,000 equipments across India. Transasia's commitment to healthcare has been recognized by various awards and accolades, the latest one from the World Economic Forum which conferred the organization with 'Global Growth Company Award, 2014', 'Most Indigenous Medical Equipment Devices Company', 'Pioneer for the Make in India Concept' Award, by the Hon'ble Minister of Science & Technology & Earth Sciences, Government of India and recently was bestowed with the 'Maker in India' Award 2015. With a vision of being recognized as a 'local for global' organization, Transasia continues to provide doctors and patients with reliable, affordable and innovative Medical Diagnostic Systems. (Email -
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Recruiter Name:Mr. Hareshwar Darekar

Contact Company:Transasia Bio-Medicals Ltd.

Reference Id:AGM / GM - Finance