Executive - Accounting and Taxation

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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.

We are a Great Place to Work, ISO & ISAE certified organization.

Key Responsibilities

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 invoices and payment process for the Montblanc Retail entity
• 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 Richemont India
• Ensuring the accuracy of vendor ledger postings and analysis of the 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 the accounting system.
• Validate and check the weekly payment run
• Ensure effective archival of documents and efficient retrieval.
• Perform and review periodic vendor reconciliations as per agreed frequency and timelines for Richemont India and Montblanc Retail.
• 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 expenses payable, analyzing expense accruals for both brands and OVH in line with budgets & actuals.
• Analysis of aging of vendor payables.
• Provide reports for the 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 Richemont India and Montblanc Retail
• Taking care of pre-payments made by the company, amortizing them based on the relevant time periods, and preparing schedules 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 preparing FAR along with depreciation schedule for audit purposes.

Internal control and Audit process

• Providing all relevant documentation & schedules required for testing purposes: external audit, internal controls, ICS related functions, etc.
• Participation in the implementation of recommendations, if needed
• Contributes to the formalization or continuous improvement of standard operating procedures and processes.

Other / Adhoc requests

• To keep abreast of all applicable, relevant statutory topics and ensure compliance thereto for the relevant function
• Assist in the implementation of any new projects and processes relating to improvement in the vendor payable cycle.
• Assists Head of Accounts in any other tasks as may be required.

Key Requirements

• B.Com/ Finance Graduate, professional accounting qualification would be an advantage
• Not less than 3-5 years of relevant experience, exposure in the luxury goods industry would be an advantage
• 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
• To ensure complete and accurate recording of all payable transactions.
• To prepare periodic reconciliation with vendors and ensure no gaps.
• 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.
• Coordinate month-end closing by assisting the Head of Accounts in expenses analysis and any other ad-hoc analysis from time to time.
• Coordinated and liaise with third-party service providers for Accounts Payable functions of Montblanc Retail entity.

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: 06 Jan 2023 India Standard Time

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