SS POWER I LTD
SS POWER I LTD
SS POWER I LTD
Follow
Summary
- Vacancy: —
- Location: Anywhere in Bangladesh
- Published: 13 Jun 2024
Requirements
Additional Requirements
Experience & Specific Qualification:
- To fill up the position we are looking for a Qualified Chartered Accountant with 4-5 years of post-qualification experience of which at least 2 years in senior role of a large operation with a proven track record in turning around the business and deploying new initiatives to enhance business profitability through value addition.
Attributes:
- Should be technically and conceptually strong, dynamic, self-driven and with a positive attitude. Good written and spoken communication skills is an essential job requirement.
Responsibilities & Context
- SS Power I Ltd., a joint venture company (JVC) between S. Alam Group of Bangladesh and Chinese companies, SEPCOIII Electric Power Construction Co., Limited and HTG Development Group Co., Limited is one of the largest investments ever in the power sector of Bangladesh by any private company with the intent of providing sustainable and reliable power supply to the country to attain self-sufficiency and meet its developmental needs. SS Power I Ltd. is currently executing the 2 x 660 MW Coal Fired Super Critical Thermal Power Plant at Banskhali near Chittagong on a Build, Own and Operate Model. To meet its immediate needs, SS Power I Ltd is looking for a Qualified Chartered Accountant.
- Subject Areas: Accounts & Finance.
Job Description and Responsibilities:
Financial Statement Preparation
- Prepare monthly, quarterly, half-yearly, and annual financial statements in compliance with IFRS/IAS and financing documents.
Audit Management
- Ensure within time frame that annual audits in line with statutory requirements and management guidelines.
- Ensure timely submission of audited accounts to the CFO.
- Communicate with auditors, address audit queries, and resolve issues in consultation with the CFO.
Lender Communication
- Deliver quarterly, half-yearly, and annual audited financial statements to lenders within the timelines specified in Financing Documents.
- Prepare and deliver the Compliance Certificates under the Financing Documents to the Facility Agent.
Budgeting and Forecasting
- Handle EPC payments in accordance with onshore contracts, financial modules, construction budgets, and applicable accounting practices.
- Prepare and circulate forecasts/budgets to shareholders.
Financial Monitoring
- Monitor general ledger, accounts receivable, accounts payable, and other financial records.
- Oversee month-end reports, schedules, payments, and receipts.
- Ensure accurate and timely monthly, quarterly, and year-end closes.
- Reconcile bank accounts and other accounts.
Bank Compliance
- Ensure timely and accurate completion of monthly and quarterly bank compliance activities.
- Confirm all execution and endorsement for Bank regarding Export Buyer’s Credit/ECA, L/C and Non-L/C Importation.
- Manage all tasks related to Interest Rate Swaps (IRS) and Hedging Agreements.
- Analyze bank balances to align with budgets/forecasts and avoid fund shortages.
Equity Management
- Maintain up-to-date equity status.
- Facilitate foreign inward remittance documentation (Form-C, Encashment Certificate, FDI Report, ED2,Format -1, Drawdown Reporting, etc.).
Tax Compliance
- Ensure compliance with domestic and foreign taxation laws.
- Confirm proper deduction of Tax and VAT as per Income Tax and VAT Laws.
- Ensure timely deposit of deducted Taxes & VAT into the Government Treasury.
- Submit periodic ‘Return of Withholding Tax’ reports to the National Board of Revenue.
- Submit annual ‘Return of Income’ in compliance with section 75 of the Income Tax Ordinance 1984.
- Issue certificates of tax deduction and collection to relevant parties.
- Submit monthly ‘Mushak 19: VAT Return’ to the National Board of Revenue.
- Resolve tax-related issues in consultation with the CFO.
Departmental Efficiency
- Monitor and analyze department work to develop efficient procedures and resource utilization while maintaining accuracy.
- Supervise the general ledger group to meet all financial reporting deadlines.
- Manage securities received by the company for various contracts.
- Monitor and address site accounts-related matters.
Corporate Reporting and Administration
- Assist the Accounts & Finance Team in finalizing all corporate reporting within the given time frame.
- Handle office and administrative expenses and arrange necessary payment authorizations.
- Ensure all payments are made with due authorization and properly documented.
- Manage insurance affairs in line with relevant policies.
Commercial Interests and Payroll Management
- Protect the commercial interests of the company arising from various contracts with EPCC, lenders, government, or other parties.
- Manage payroll and consultant payments related to non-lender projects.
Regulatory and External Affairs
- Conduct regulatory reporting as per company requirements.
- Coordinate with the Public Relations Officer (PRO) on external affairs and approvals.
Software Implementation and Inventory Management
- Oversee the implementation of accounting software.
- Manage inventory and materials effectively.
Compensation & Other Benefits
- Salary: SS Power I Limited offers attractive salary for the deserving candidates with attractive market-based benefits.
Employment Status
Full Time
Job Location
Anywhere in Bangladesh