Assistant Manager- A/P & Treasury

Position Summary:

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.

Position Summary:

- 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