Chief Finance Officer
Automobile Company
A Highly Reputed Automobile Company.

Chief Finance Officer

Views: 1073 | This job expired 4 months, 1 week ago

Basic Job Information

Job Category : Accounting / Finance
Job Level : Top Level
No. of Vacancy/s : [ 1 ]
Employment Type : Full Time
Job Location : Kathmandu, Central Development Region, Nepal
Offered Salary : Negotiable
Apply Before(Deadline) : Sep. 11, 2019 23:55 (4 months, 1 week ago)

Job Specification

Education Level : Master
Experience Required : More than or equals to 10 years
Professional Skill Required : Problem Solving Time Management Skills Excellent Interpersonal And Leader… Ms Office Packages Excellent Communication And Presen…
Other Specification

  • Masters Degree or relevant
  • Minimum 10 years of experience in Automobile sector
  • Well versed with accounting and finance with knowledge of tax standards
  • Should able to work in a team and handle a team
  • Knowledge of Accounts, Finance, Administration and other operations

Job Description

    Achieve Profitability

    • Following the proper process & involving the departmental heads budget needs to be prepared.
    • To prepare a CAPEX budget on the basis of development during the years & to spend as per the fixed assets.
    • To assure realization from the machines & the spares parts.
    • To suggest & implement appropriate policies & norms to control the
    • expenses/overheads.
    • To review all the vendors related with direct/indirect expenses & services to assure best negotiable prices.
    • To scrutinize the bills.
    • To avoid leakages and financial discipline line.
    • To optimize the stock to minimize the interest costs.
    • To bring to the attention of management major deviation and variations on discussion line. Similarly to look at the opportunities for the increase revenue, public realizations.

    Optimize the funds & reduce the interest costs

    • Ensure timely collection of the deals
    • Ensure that SOP is properly followed in the case of deliveries.
    • To provide fund projection before 3rd of next Nepalese month.
    • To review the fund projection with actual and take corrective actions whenever required.
    • To review the ageing of machines & take initiatives with sales department and business head for early disposal.
    • To ensure that unnecessary idle money is not held in current account.
    • To prepare & maintain a register of payment to vendors for better image of company & better relation.

    MIS preparation, discussion & its analysis

    • MIS to be prepared with all reconciliations, provisions & all mathematical accuracy before 15th .
    • To analyze it & have a discussion on it with corporate & business head.
    • In case of deviation / opportunities to take actions.

    Compliance to statutory requirements, Accounting principles

    • Effective implementation of SOPs/Policies.
    • Ensure compliance of applicable Taxes/Laws/Accounting Standards/Policies.
    • Facilitate & ensure timely completion of Internal Audit/Statutory Audit/Physical Verification.
    • To prepare balance sheet & books of accounts with details twice in a year (Half yearly) as per statutory norms .
    • To assure that all the accounting principles & standards are being observed at branches

    To ensure timely maintenance 

    • To ensure maintenance of proper Books of Accounts as required by Accounting Principles/Accounting Standards.

    Proper books of accounts, regular reconciliations & ledger scrutiny.

    • To ensure that entries are done on daily basis & cash is closed & reconciled in the evening before leaving the office.
    • To ensure timely submission of half yearly Books of Accounts Finalization.
    • To ensure timely TDS/VAT reconciliation & filing returns thereof.
    • To ensure ledger scrutiny to be undertaken on a monthly basis.
    • To ensure all the provisions & reconciliations being completed before extraction of final trial balance for MIS preparation.
    • To ensure periodic reconciliation of principal & vendors accounts.

    Insurance of stocks/Assets & in transit stocks

    • Tie up with insurance companies & take approval for appropriate insurance.
    • To assure insurance of all the mentioned assets/stocks & its timely renewal.
    • To optimize the stock & assure timely delivery to the customers. To place the order of the machines to the company before 20th of English month.
    • To sync LC opening appropriately with Expected Machine Delivery (to ensure while booking machine.

    To ensure timely order of products & smooth/cost effective delivery to the customer

    • To ensure Insurance & Custom Clearance being done in time so as to avoid delay in machine delivery to customers.
    • To ensure machine delivery to customers place with JCB India assigned transporters so that no extra transportation cost being incurred.
    • Ensure minimum stock level to be maintained in Branches and same to be considered while opening LC.


    • For all the PDCs received, prepare a register & present it with Bank on the date of cheque & assure that it is realized before expiry.
    • To keep the custody of all the bank guarantees & maintain the register with its expiry date.
    • To assure that the claim letter sent to the customer one month prior to the expiry date.
    • To ensure the black listing process executed if PDC check is not realized.
    • To ensure bid security & performance bond is prepared on time & provided to the sales team.
    • To ensure bid security & performance bond is released on time.
    • To ensure the TDS certificate is collected on time.

    PR Building with BFIs

    • Make the list of all the payment to the BFIs & assure its timely payment.
    • To develop relationship with BFIs for better cost of funds.
    • Look at the opportunities for customer financing.

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