IndiGo is looking for a detail-oriented Associate - Finance & Accounts to join our team on a 1-year contract, supporting our engineering inventory's accounts payable function. You'll be instrumental in processing invoices from foreign and domestic vendors, ensuring meticulous verification, compliance, and accurate data entry into our financial systems. If you have a keen eye for detail, strong reconciliation skills, and are ready to contribute to a fast-paced environment, this role is for you.
Responsibilities
- Process engineering inventory invoices from both foreign and domestic vendors, ensuring all relevant supporting documents such as Purchase Orders (PO), import Bill of Entry (BOE), and custom duty challans are received.
- Conduct proper checking and verification of invoices with respect to rates and invoice amounts against the PO and Bill of Entry (BOE). Verify custom duty challan amounts against the BOE.
- Perform Goods Receipt Note (GRN) closure (invoice checking) in the AMOS inventory software for newly purchased inventory.
- Prepare data in an upload Excel file for accounting entries in SAP, specifically related to the purchase of inventory, freight, custom duty, and other associated expenses.
- Ensure TDS (Tax Deducted at Source) is correctly deducted during the preparation of the upload file.
- Print and file vouchers along with all supporting documents, maintaining organized records.
- Provide data to the Tax team for filing VAT returns at international locations.
- Provide data for preparing various MIS (Management Information System) reports as required.
- Communicate with vendors to resolve queries related to invoices and provide timely updates on payment status.
- Track payments of foreign vendor invoices and maintain a daily tracker for efficient monitoring.
- Submit Bill of Entries to the respective bank(s) against advance remittances made to foreign vendors, ensuring proper record-keeping.
- Perform other ad-hoc tasks as per departmental requirements.
Skills
- Strong understanding of accounts payable processes.
- Proficiency in invoice verification and reconciliation.
- Familiarity with import documentation (e.g., Bill of Entry, customs duty challans).
- Experience with TDS deduction principles.
- Proficient in MS Excel for data preparation and analysis.
- Ability to learn and work with inventory management software (AMOS) and ERP systems (SAP).
- Excellent attention to detail and accuracy.
- Good communication skills for vendor interaction and internal coordination.
- Ability to work independently and manage tasks efficiently.
Qualifications
- A Bachelor's degree in Finance, Accounting, Commerce, or a related field.
- Relevant experience in accounts payable, particularly involving inventory and international transactions.
