Job Description

Assistant Controller - R&D

Main Purpose of Job:

End to end responsibility for financial accounting, reporting, corporate finance functions and taxation for Nestle R&D India

Controls:

Ensure internal control is effective whilst developing and maintaining a compliance culture within the Centre.

Ensure work processes, reports and systems are aligned and efficient.

Ensure good financial hygiene through regular monitoring and cleansing of books

Financial Reporting (Statutory Reporting and Vevey Reporting):

Finalization of Monthly/quarterly/Annual accounts with signoff of Financial Statements from Auditors

Preparation of Financial Statements for Board Meetings and conducting effective board meetings

Bank reconciliations for the centre

All Vevey reporting including CACT, PACT, PICA, BEPS and other packages

Actuarial valuation for employee benefits

Financial Budgeting and Control:

Prepare, submit, seek approval for, track and control the operational expenses budget for the site

Quarterly Management Letter preparation for reporting to CT-F&C

Establish internal financial / management reports

Execute and co-ordinate period-end closing activities

Facilitate and co-ordinate OPEX planning exercises

Provide clarity and transparency on spend and investment through targeted analysis

Leverage GLOBE and R&D systems to deliver efficient decision support

Fixed Asset Management:

Capitalization and control of capital cost, Coordinating physical verification and counts

Impairment, Sale, TP valuation, Coordinating physical verification

CAPEX budgeting, paybacks and tracking

Effective Cash Management:

Ensuring effective cash management to ensure no cash out/optimal financing structure: Regular tracking of cash position and planning for funding in close coordination with Treasury

Investing of surplus cash as per the investment policy and working with Treasury to evaluate better opportunities in this area

Prepare and execute a plan for repayment of long term ECB to the centre

Raising and accepting ICO forms

Taxation:

On time filing of GST returns in close coordination with NBS

Reconciliation of admissible ITC to minimise ITC loss

Timely application and receipt of refunds

Customs compliance related reporting

Evaluation of ongoing EOU status and initiating work to debond warehouse and relinquish EOU status

Debonding of assets and obtaining GR waivers as required

Liaising with tax consultants and authorities as required

Others:

Support to the Bangalore IT (NGSI) team

Support for other centre wide initiatives: Internal tasty savings, corporate credit cards

Key Experiences:

Qualified CA or MBA with minimum 2 years of relevant / related work experience preferred

Functional or Professional / Business Skills:

Excellent communication and presentation skills Proficient in MS Office tools epecially Excel and Powerpoint It will help to have report building skills in Power BI and a basic understanding of data anlytics tools and processes

We are Nestle, the largest food and beverage company. We are 308,000 employees strong driven by the purpose of enhancing the quality of life and contributing to a healthier future. Our values are rooted in respect: respect for ourselves, respect for others, respect for diversity and respect for our future. With more than CHF 91.4 billion sales in 2018, we have an expansive presence with 413 factories in more than 85 countries. We believe our people are our most important asset, so we'll offer you a dynamic inclusive international working environment with many opportunities across different businesses, functions and geographies, working with diverse teams and cultures. Want to learn more? Visit us at www.nestle.com.


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