Finance & Accounting

  Job Responsibilities:

(Primary tasks & responsibilities that are specific to the position)

Finance, Accounts, Costing & Compliances: -

o    Processing, posting and payments all Invoices like RM, Services, Employee Travel Expenses & Import invoices.

o    Checking of Purchase Orders for correctness, Cost Centers and Tax Codes and making necessary deductions as per the contract like Retention, LD & Penalty charges.

o    Periodical Review of GRIR, Advances for Vendor and Employees in age wise and taking necessary actions to clear.

o    Reconciliation of Vendors and Customers including with balance confirmations on timely basis.

o    Monitoring of Goods receipts and Services.

o    Coordinate with departmental heads for monthly provisions and Passing entries.

o    Passing all month end closing entries and reviewing Trial Balance & Preparation of Budget Vs actuals.

o    Review of agreements for Capital, Revenue, Third Party Contract Services and Raw material supplies including import invoices.

o    Handling of Advance Bank Guarantee (ABG) and Performance Bank Guarantee (PBG).

o    Handling of all Statutory payments like, PF, PT, LIC, Panchayat Tax & Other Cess etc…

o    Handling of Treasury & Bank Transactions. Verification of all online payments before authorization/release & monthly reconciliation for Cash and Bank.

o    Ensuring compliance with BU Delegation of Authority Metrics and Internal Control compliance

o    Coordination with the Internal/Statutory Auditors and providing all the required information for Internal Control compliance, Statutory, Tax

o    Proposals to Corporate accounts for Capitalization of the Assets & monthly review of capex report along with variance report.

o       Accounts Receivable – Advance receipts, Scrap sale & Reconciliation

 Challenges:

( Key issues and challenges faced on the job which would require superior performance to overcome. Challenges can also include business / market challenges, competitive environment etc)

Ø   System limitations such as SAP performance and reporting capabilities, existing BAZ Work Flow issues

Ø   High number of days to submit the bills, resolve the queries by the users

Ø   Meet the report requirement s from stakeholder & Corporate team