Executive - Accounting and Taxation (Onsite)

Recruiter
TMF Group
Location
Gurgaon, India
Salary
Competitive salary plus great benefits
Posted
23 Jun 2022
Closes
29 Jun 2022
Ref
551939
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.

TMF India is a Great Place to Work, ISO & ISAE certified organization.

RESPONSIBILITIES:

  • Maintain AR Ledgers.
  • Performing credit control, setting of credit limits and implementation of credit checks for wholesale transactions with retailers
  • Collection of overdues in close collaboration with internal stakeholders
  • Ensuring the accuracy of retailer 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 retailers
  • Ensure timely issuance of all manual Invoice/debit/credit notes and correct recording of Incentives, Target Bonus and Sales Return Provision entries.
  • Record all credit card commission monthly and maintain good relationship with retailers and brands
  • 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 of DSO’s and provisions for doubtful debts as per Company policy
  • Reconciliation of sales registers, credit card transactions including chargebacks if any for Client
  • Ensure effective archival of documents and efficient retrieval
Reconciliations
  • Perform period reconciliation with retailer as per agreed frequency
  • Ensure that reconciling items are resolved within stipulated time limits
  • Ensure all the cash, bank, card and commission ledger 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 like retail and wholesale reconciliation, ageing of debtors, credit card commission 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 / ad hoc 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.

Required experience:

Not less than 5-8 years of post-qualification experience, exposure in luxury goods industry would be an advantage.

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

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.

Other Benefits

  • Marriage Gift policy
  • Paternity & Adoption leaves
  • Interest free loan policy
  • Salary advance policy
  • Covid support taskforce
  • Well being initiatives

Applications close: 31 Aug 2022 India Standard Time

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

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