Job Details:
This position will be based at Gurugram and reporting to Finance Controller
Responsibilities and Accountabilities:
Treasury & Funds Management:
- Liaison with Global teams and Corporate treasury for External Commercial Borrowings
- Interactions with paneled banks and setting up credit limits, Project loans for upcoming projects.
- Complying with ECB requirement as per RBI guidelines
- Ensuring filing of monthly ECB2 returns with RBI.
- Use of hedging instruments to mitigate currency risk and maintenance of complete hedging documentations.
- Accountable for correct accounting of business hedges along-with MTM.
- Responsible for Bank Reconciliation on a monthly basis for all banks.
- Responsible for reviewing Bank Charges & ensuring their booking in SAP.
Statutory & Internal Audit:
- Liaison with Auditors and Financial controlling team for smooth Statutory Audit
- End to end clearance for Bank reconciliations, Statements, confirmations, hedge accounting etc.
- End to end clearance of expenses, Trade payable, MSME workings and accounting, WHT, Security deposit, related party disclosures
- Resolving audit queries/issues with supporting documentation & processes.
- Ensuring efficient Internal Controls in place around A/P, Cash and Banking Processes for IFC audits.
- Semi-annual reporting of MSME compliance to relevant team/ Government.
Invoice Processing:
- Posting and Reviewing of Vendor Invoices & carrying out 3 way match to ensure accuracy before processing them in SAP and complying with GST requirements.
- Liaison with Function for non-compliant Invoices & guiding them on deviations.
- Ensuring correct Booking Invoices in SAP (Both PO & Non PO) as per process to correct G/L & CC & to ensure that Input credit on GST is available to company.
- Responsible for Self Invoicing as per GST in case of Reverse Charge Vendors.
- Share purchase register with GST team for GST input reconciliation.
- Responsible for documentation of Invoices as per GST
- Responsible for withholding tax as per applicable law.
Accounts Payable Reviews and Controls
- Monitoring of Vendor & Employee Advances & clearing them at regular intervals.
- Processing of Monthly Statutory Dues payments with accuracy and on time:
- Advance/self-assessment/regular Income tax,
- Income tax appeal fees or demand as per assessment orders
- Custom duty
- TDS/TCS,
- EPFO, LWF, Professional Tax,
- GST & any Demand/Assessment Payments of VAT/CST etc.
- Monthly Review & Monitoring of AP/ GRIR Open Item Reports.
- Monitoring of Inter-company balances and ensure all supporting's available for cross-charges.
Vendor and master data Management:
- Responsible for periodic review of SOPs for New Vendor creation
- Analysing new vendor creation/change request to check the merit of request.
- Vendor Creation/Modification through e-forms/SIM Forms.
- Bank Master creation/modification through e-forms.
- Cost allocation cycle review and maintenance.
- Cost centre and GL account review/creation/modification through E-forms.
- Co-ordinate with Global reporting team for any GL, cost centre and cost allocation cycle creation/Modification.
- Monitoring non active/dormant vendors & getting them blocked/Unblocked.
- Responsible for Vendor reconciliation & obtaining NDC by liasioing with Vendor & Functions.
- Responsible for Vendor dispute resolution.
- Providing monthly Balance Confirmation to McCain Inter Companies.
Tax Deducted at Source /Tax Collected at Source:
- Responsible for Pan India Correct & timely computation as well as payment of TDS/TCS liability
- Responsible for correct & timely filing of Quarterly TDS Returns.
- Responsible for filing revised TDS Returns and correction statements.
- Responsible for replying TDS/ TCS related notices/query from Revenue Authorities
- Issuance of Form 16A to Vendors on quarterly basis & addressing queries on the same.
Super User (P2P):
- Responsible for Testing of any new developments/modifications in SAP.
- Analyzing system issues, Incident creation & liasioning with AMS for quick resolution.
- Responsible for training to users on effective utilization of SAP.
- Responsible for identifying area of improvement in process and get them implemented.
Professional/Technical Accreditations:
- CA with around 8-14 years of experience.
- Strong Understanding of Accounts Payable, Treasury, TDS & GST.
- Detailed working knowledge of SAP FICO Module
- Expert in MS Excel / MS Word / Power-Point
Competencies:
- Should ensure accountability of Actions and should be Self-Motivated & Action Oriented.
- Collaborative Ability to build trust & sustainable interpersonal relationships with multiple stakeholders. Able to build and maintain lasting relationships with other departments, key business partners and government agencies.
- Strong technical skills.
- Ability to work under pressure, meet deadlines and drive projects to completion.
