Executive - Accounting and Taxation (Onsite)
- Recruiter
- TMF Group
- Location
- Gurgaon, India
- Salary
- Competitive salary plus great benefits
- Posted
- 23 Jun 2022
- Closes
- 23 Jul 2022
- Ref
- 551903
- Job role
- Accountant, Accounts payable/receivable, Audit, Compliance/risk, Financial planning & analysis, Tax
- 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.
Key Responsibilities.
- To ensure complete and accurate recording for all payable transactions.
- To prepare periodic reconciliation with vendors and ensure no gaps.
- To coordinate with Brand/Department, Supplier, GL Team and Treasury for payment related concerns
- To prepare month-end management reports and assist in other reports as may be required.
- To co-ordinate for month-end closing by assisting Head of Accounts in expenses analysis and any other ad-hoc analysis from time to time.
- To coordinate and liaise with third party service provider for Accounts Payable functions of client
Accounts Payable
- Manage in a timely manner the reception, scanning, compliance validation and accurate booking of supplier invoices in line with GST and Company requirements
- Develop a review mechanism for tracking of invoices and payment process for client
- Track invoice status and progress (processed, with exception and/or rejected)
- Raise a flag on any identified risk or deviation from any company policies and procedures for Client (India)
- Ensuring the accuracy of vendor ledger postings and analysis of movement of accounts.
- Raise a flag on any identified risk or deviation from any company policies and procedures
- Effective documentation and record-keeping of all the transactions recorded in accounting system.
- Validate and check the weekly payment run
- Ensure effective archival of documents and efficient retrieval.
- Perform and review periodic vendors reconciliations as per agreed frequency and timelines forClient.
- Ensure that reconciling items are resolved within stipulated time limits.
- Other AP ad-hoc tasks
Month-end Reports
- Posting of monthly COGS and analysis of variances.
- Provide month-end reports relating to expense payable, analysing expense accruals for both brands and OVH in line with budgets & actuals.
- Analysis of ageing of vendor payables.
- Provide reports for preparation of various taxation related returns.
- Analysis of Journal Vouchers posted during the month with the DOA matrix and reporting the deviations.
- SAP user support on PO and AP related queries for client
- Taking care of pre-payments made by the company, amortizing them based on relevant time period and preparing schedule for the same.
- Assist in stock reconciliation and highlighting the variances.
- Monthly reinstatement of foreign currency assets and liability and recognizing the exchange or loss for the same.
Fixed Asset
- Creation/modification/disposal of assets, charging depreciation and prepare FAR along with depreciation schedule for audit purposes.
Internal control and Audit process
- Providing all relevant documentation & schedules required for testing purpose: external audit, internal controls, ICS related functions etc.
- Participation in implementation of recommendation, if needed
- Contributes to the formalization or continuous improvement of standard operating procedures and processes.
Other / ad hoc requests
- To keep abreast of all applicable, relevant statutory topics and ensure compliances thereto for the relevant function
- Assist in the implementation of any new projects and processes relating to improvement in vendor payable cycle.
- Assists Head of Accounts in any other tasks as may be required.
Education:
B.Com/ Finance Graduate, professional accounting qualification would be an advantage
Required experience:
Not less than 3-5 years of relevant experience, exposure in luxury goods industry would be an advantage
Technical skills / abilities:- Good core accounting skills
- Exposure to work practices in a corporate head-office preferred
- Knowledge of international payment regulations and processes is preferred
- Knowledge of SAP FICO
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: 30 Sep 2022 India Standard Time
For further information, and to apply, please visit our website via the “Apply” button below.
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