The Mahanagar Gas Ltd has invited applications from Chartered Accountants, Cost Accountants for the post of Executive / Assistant Manager – Accounts and Finance.
Mahanagar Gas Limited is a professionally managed Company actively engaged in providing Piped Natural Gas (PNG) to Domestic, Commercial & Industrial Consumers besides supplying Compressed Natural Gas (CNG) to vehicles.
Job description
This position is responsible full support to monthly, quarterly and annual closure, Fixed Assets accounting, Expenses Capitalisation, Depreciation monthly run, FA register maintenance and FA physical verification, assets decommissioning, CWIP analysis, Gas bill/Labour Bill processing etc.
Ledger Scrutiny and checking provisions every month end.
- o Periodic scrutiny of all expenses GLs.
- o Accrual of expenses to be ensured by correct provisions. Opening provisions are reversed.
- o Monthly report on expenses to be transferred from prepaid and outstanding and summarized report to be prepared.
- o Back support for monthly MIS and quarterly as well as annual closing.
- o Monthly report on expenses to be transferred from prepaid and outstanding and summarized report to be prepared.
- o Compiling and preparing various income and expense reports for auditors.
Data compiling and analysis on Fixed Assets / CWIP
- o Preparing report on capital cost booking analysis
- o Customers converted but cost not getting capitalized
- o Re-instatement charges paid to local authority for various pipeline laying work but actual work not done/ short utilisation of permissions.
- o Material booked and pending for labour etc.
- o FA / CWIP -Presentation for HOD Project / SMG if needed.
Gas procurement bill
- o Checking Invoices with GRV / Joint tickets / Agreements etc.
- o Vetting of Comparative Statement for purchase of gas, including all elements such as transportation tax and tax credits etc.
- o Understanding the gas transportation contracts and billing of the same.
- o MIRO booking and Ensure timely payments
Inspection bills
- o Checking Invoices with SES / Agreements etc.
- o Bang guarantee, if applicable
- o MIRO booking and Ensure timely payments
Scrutiny of expenses
- o Helping in preparing expense provisions for MIS
- o Compiling and preparing various income and expense reports for auditors.
Other
- Very good at using Excel and Power point.
- Testing of various activities on Internal Financial ontrols (IFC)
- Prepare Report on IFC testing
- Helping in Fixed asset verification
- Checking of SEBI format and getting approval from CS Dept.
Relevant Accounting standard applicability and new development check and update.
Essential functional competencies required
- Very good understanding of accounts closure preparatory work prior to Trial Balance is taken and groupings are made for reporting.
- Comprehensive knowledge of Ind AS mainly wrt to Fixed Assets, Depreciation, Overheads capitalisation etc.
- Borrowing cost capitalisation as per Ind AS.
- Financial accounting and reporting with respect to fixed Assets, Capital work in progress, Capital Inventory etc
- FA register maintenance and Process of conducting physical verification.
- Working knowledge of ERP or accounting software and bill processing control.
Desired functional competencies required
- Companies Act wrt to Fixed Assets and Depreciation and Income Tax Depreciation concept.
- ERP systems (SAP) or equivalent for FA accounting.
- Large data handling in MS Excel.
- Bill processing on ERP or equivalent environment.
Education
CA, ICWA (CMA)
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