Senior Executive - Accounting and Taxation

Recruiter
TMF Group
Location
Gurgaon
Salary
Competitive salary plus great benefits
Posted
17 Jun 2022
Closes
17 Jul 2022
Ref
552187
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant

About TMF Group

TMF Group is a leading global provider of high-value business services to clients operating and investing globally. We focus on providing specialized and business-critical financial and administrative services that enable our clients to operate their corporate structures, finance vehicles and investment funds in different geographical locations.

MAIN PURPOSE

  • To support operations team on billings, collections, customer relationships
  • To ensure complete and accurate record keeping for all sales and receivable transactions.
  • To prepare periodic reconciliation with customer s/ MIS and ensure no gaps
  • To ensure timely collection of the invoices and performing periodic credit checks
  • To coordinate with third party for revenue booking and to ensure reconciliation gaps are corrected
  • To coordinate with Brand/Department, Supplier, GL Team and Treasury for AR related concerns
  • To co-ordinate for month-end closing by assisting in R&R analysis and any other ad-hoc analysis from time to time for stakeholders
  • Ensuring correct filing of GSTR and TDS (26AS reconciliation)

RESPONSIBILITIES

  • Maintain AR Ledgers
  • Performing credit control, setting of credit limits and implementation of credit checks
  • Collection of overdues in close collaboration with internal stakeholders
  • Ensuring the accuracy of customer ledger bookings and analysis of movement of accounts
  • Ensuring adherence to the applicable regulatory compliances on transactions
  • Effective documentation and record-keeping of all the transactions recorded in accounting system
  • Ensuring timely collections of the invoices and maintaining payment allocation MIS for payment received from customers
  • Ensure timely issuance of all manual Invoice/debit/credit notes and correct recording Sales Return Provision entries.
  • Maintain good relationship with customers
  • Ensure to send AR statement to all stakeholders as per agreed schedules and timelines
  • Keep records of all advances received from customer and share monthly MIS with management
  • Monitoring and reporting provisions for doubtful debts as per Company policy
  • Filing of relevant GST returns
  • Ensure effective archival of documents and efficient retrieval

Reconciliations

  • Perform period reconciliation with customer as per agreed frequency
  • Reconciliation of TDS recoverable and coordination with customer to close any gaps
  • Reconciliation of sales registers with GSTR
  • Ensure that reconciling items are resolved within stipulated time limits
  • Ensure all the cash, bank, card as applicable are reconciled monthly
  • Lead the implementation of any new projects and processes relating to improvement in Accounts Receivables process

Month-end Reports

  • Provide month-end reports to HOA relating to sales closing
  • Provide month-end reports to all stakeholders, ageing of debtors and advances MIS
  • Ensure the correct month end closing of all sales related ledgers
  • Provide month end manual schedule for financial package to Group reporting

Internal control and Audit process

  • Provides any documentation requested for testing purpose: external audit, internal controls, ICS related functions etc.
  • Participates in implementation of recommendations, if needed
  • Contributes to the formalization or continuous improvement of standard operating procedures and processes.

Other / adhoc requests

  • Assist HOA in various project request and scanning environment for analysing changes of relevant applicable tax laws on RIPL
  • Assists HOA in any other tasks as may be required.

Education:

B.Com / MBA Finance

Required experience:

Not less than 4-5 years of post-qualification experience

Technical skills / abilities:

  • Good core accounting skills
  • Exposure to work practices in a corporate
  • Exposure to handle a team in big size corporate.
  • Knowledge of SAP an advantage
  • Ability to handle large volume

Personal skills:

The successful candidate will have the following personal qualities:

  • Good communication
  • Mathematical acumen
  • Strong inter-personal skills
  • Team handling experience
  • Sound knowledge of Excel (SAP and Oracle is any advantage)
  • Ability to handle pressure and meet tight deadlines

What's in it for you?

Pathways for career development

  • Work with colleagues and clients around the world on interesting and challenging work.
  • We provide internal career opportunities, so you can take your career further within TMF.
  • Continuous development is supported through global learning opportunities from the TMF Business Academy.

Making an impact

  • You’ll be helping us to make the world a simpler place to do business for our clients.
  • Through our corporate social responsibility program, you’ll also be making a difference in the communities where we work.

A supportive environment

  • Strong feedback culture to help build an engaging workplace.
  • Our inclusive work environment allows you to work from our offices around the world, as well as from home, helping you find the right work-life balance to perform at your best.

Applications close: 15 Aug 2022 India Standard Time

For further information, and to apply, please visit our website via the “Apply” button below.

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