We are Nestlé, 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.
Nestlé is committed to the accessibility of its recruitment process. If you require an adaptation during the recruitment process, please talk to your recruiter so we can support you effectively. All information will be treated confidentially.
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
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