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Voltas Limited - A TATA Enterprise

Assistant Manager - F&C, CAC

Voltas Limited - A TATA Enterprise · Bengaluru, Karnataka, India

  • On site
  • Full-time
  • ₹750,000 / year
  • Bengaluru, Karnataka, India

Job highlights

  • Manage financial and commercial operations for specific projects.
  • Handle invoicing, collections, and financial reporting.
  • Oversee receivables, payables, and vendor reconciliations.
  • Ensure compliance with financial regulations and audit support.
  • Coordinate cross-functionally for project documentation and support.

About the role

Commercial Support & Documentation

Vet orders, contracts, invoicing, budget supplements, and GO creation activities. Handle scrap and buyback billing in coordination with concerned teams and warehouses. Ensure timely processing of invoicing activities for retrofit jobs and FOC billing; share daily invoices with field teams. SO release, CRM approvals, Daily collections.

Check and send requests to cross-functional teams for project job updates (GO creation, budget updates, MTA transfers).

Financial Analysis & Reporting

Compile MIS reports for business reviews (PCM, open jobs, jobs < ₹2 Lacs, EMD, BG, unbilled, liquidation plans). Review and analyse various GL accounts for system control and proper accounting. Provide timely reporting related to monthly closing activities. Prepare retrofit job templates and send to RFM & HO for job closure approvals with necessary supporting.

Receivable / Payable Management

Review and control branch Accounts Receivable aging (Past Due EMDs, recovery of old BGs). Clear branch unapplied credits and payments lying in CWD accounts and unlinked balances. Customer and vendor reconciliation; resolve queries promptly. Confirmation of Balances for SSPs, Reconciliation, Dealer Visits. Vendor payable reconciliation against issuance of debit notes.

Compliance & Audit Support

Check and post guarantee write-back cost entries in SAP. Review GST/TDS entries and seek clearances from Sales Tax team. Support during audits by providing required documents and data on time; ensure proper record-keeping at branches. Resolve IRN-related issues to avoid GST filing gaps.

Coordination & Cross-Functional Support

Follow up with field teams for MIS and reporting related to Zonal & HO requirements. Check and review customer POs and agreements in coordination with legal and operations teams. Provide BG, guarantee/solvency, CIB & EMD to customers on time. Support tender-related documentation and requirements.

Other Activities

Check daily RTGS reports; claim and adjust payments. Handle SEZ follow-ups with clients and customs officers as required. Ensure timely clearance of CWD and unlinked balances.

Key skills/competency

  • Financial Analysis
  • Reporting
  • Accounts Receivable
  • Accounts Payable
  • Compliance
  • Audit Support
  • SAP
  • GST
  • TDS
  • MIS Reports

Skills & topics

  • Assistant Manager
  • Finance
  • Commercial
  • CAC
  • Voltas Limited
  • TATA Enterprise
  • Financial Analysis
  • Reporting
  • Accounts Receivable
  • Accounts Payable
  • SAP
  • GST
  • TDS

How to get hired

  • Tailor your resume: Highlight your experience in financial analysis, reporting, accounts receivable/payable, and compliance, using keywords from the Assistant Manager - F&C, CAC job description.
  • Quantify achievements: Showcase your impact with data, such as 'managed invoicing for X projects' or 'reduced outstanding receivables by Y%'.
  • Prepare for interviews: Be ready to discuss your experience with SAP, GST, TDS, and how you handle cross-functional coordination and problem-solving.
  • Understand Voltas: Research Voltas Limited, its projects, and its values as a TATA Enterprise to align your answers with their company culture.

Technical preparation

Master SAP functionalities for financial postings.,Understand GST and TDS regulations thoroughly.,Practice compiling complex MIS reports accurately.,Review GL account analysis techniques.

Behavioral questions

Describe a challenging reconciliation you handled.,How do you ensure accuracy in financial reporting?,How do you manage multiple priorities and deadlines?,How do you collaborate with cross-functional teams?

Frequently asked questions

What are the primary responsibilities of the Assistant Manager - F&C, CAC at Voltas Limited?
The Assistant Manager - F&C, CAC at Voltas Limited is responsible for a broad range of financial and commercial support activities. This includes managing orders, contracts, invoicing, budget supplements, GO creation, scrap and buyback billing, and ensuring timely processing of retrofit and FOC billing. The role also involves financial analysis, reporting MIS, managing accounts receivable and payable, customer and vendor reconciliation, compliance support, and cross-functional coordination for project documentation and requirements.
What financial reporting duties are expected for this Assistant Manager role at Voltas?
For this Assistant Manager role at Voltas Limited, financial reporting duties include compiling MIS reports for business reviews (covering PCM, open jobs, jobs < ₹2 Lacs, EMD, BG, unbilled, and liquidation plans). You will also review and analyze GL accounts for system control and proper accounting, provide timely reporting for monthly closing activities, and prepare retrofit job templates for closure approvals.
How does the Assistant Manager - F&C, CAC manage receivables and payables at Voltas?
The Assistant Manager - F&C, CAC at Voltas Limited manages receivables by reviewing and controlling branch Accounts Receivable aging, focusing on Past Due EMDs and recovery of old BGs. They also clear branch unapplied credits and payments in CWD accounts. For payables, they perform vendor reconciliation and reconcile vendor payables against the issuance of debit notes.
What compliance and audit support is required for the Assistant Manager position?
The Assistant Manager at Voltas is expected to support compliance and audit functions by checking and posting guarantee write-back cost entries in SAP, reviewing GST/TDS entries, and seeking clearances from the Sales Tax team. They must also provide necessary documents and data promptly during audits and ensure proper branch record-keeping. Resolving IRN-related issues to prevent GST filing gaps is also a key responsibility.
What kind of cross-functional coordination is involved for the Assistant Manager at Voltas?
For the Assistant Manager role at Voltas, cross-functional coordination involves following up with field teams for MIS and reporting for Zonal & HO requirements. They also check and review customer POs and agreements with legal and operations teams, provide BGs, guarantees, CIB & EMD to customers, and support tender-related documentation.
What software or systems are likely used in this Assistant Manager role at Voltas?
Based on the job description, the Assistant Manager - F&C, CAC role at Voltas Limited likely involves significant use of SAP for posting entries. Experience with GST and TDS compliance, as well as CRM systems for approvals, is also implied. Proficiency in generating MIS reports and handling general accounting software would be beneficial.
Is this Assistant Manager role at Voltas open to remote work?
The job description for Assistant Manager - F&C, CAC at Voltas Limited does not explicitly state a remote work arrangement. However, the emphasis on branch operations, coordination with field teams, and supporting 'Zonal & HO requirements' suggests a strong on-site or hybrid presence is likely expected at their operational offices.