About this role
About this Opportunity Work with the team that delivers company-wide planning, long-range goals and business strategies, and critical financial support. You'll find a wide variety of positions and plenty of opportunities for professional growth. Use your skills, experience and talents to be a part of groundbreaking thinking and visionary goals. As a Sr Fin Analyst Accounting, Accounts Payable, you'll take the lead as you
• Review the payments request received from the various teams to ensure that these are in accordance with company policies and have the appropriate approvals.
• Accounting of the payment requests and withhold taxes in accordance with the statutory provisions.
• Preparation of vendor payment advices after receiving the appropriate approvals.
• Communication of payment details to vendors and providing clarifications.
• Reconciliation of vendor accounts and aging statements.
• Processing vendor payments in foreign currency and preparation of the necessary documentation in accordance with the requirements of the Foreign Exchange Management Act 2000.
• Accounting for inward remittance towards accounts receivable.
• Responsible for review of cash transactions and physical verification of cash.
• Preparation of weekly/fortnightly fund positions and flagging of the request for fund transfers.
• Ensure that all service level agreements (SLAs) with internal clients are met on time.
• Responsible for vendor wise provisioning for monthly closure of accounts.
• Preparation of audit schedules and participating in the audit of accounts.
• Preparation of Monthly Dashboards for Business Support.
• Monitor the regulatory changes in India and keep the appropriate function updated of the potential impact and actions which they need to take-up and assess the situation
• Support initiatives within Target India in implementation of key vendor payable related regulatory changes and updation of process documents
• Lead process improvement ideas in driving efficiency, strengthening controls and improving quality
REPORTING/WORKING RELATIONSHIPS: The Sr Financial Analyst Accounting – Accounts Payable will report to Senior Manager FAR – Vendor Payables. JOB REQUIREMENTS: College degree in accounting with 4-6 years’ experience. Good knowledge of Accounting and Accounts Payable function in a global environment. Strong analytical skills and attention to detail Good interpersonal skills Strong communication skills Working knowledge of ERP preferably SAP Knowledge of relevant Indirect taxes like VAT; Service Tax; TDS; Customs; FEMA , GST etc. Qualifications like Chartered Accountants; Company Secretary; Cost Accountant or other financial qualifications will be an advantage.