Executive - Accounting and Taxation (Onsite)

TMF Group
Gurgaon, India
Competitive salary plus great benefits
25 Jul 2022
25 Aug 2022
Contract type
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.


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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