Assistant Manager AP and Treasury

Position Title: Assistant Manager AP and Treasury 

Position Type: Regular - Full-Time ​

Position Location: Gurgaon 

Requisition ID: 36728 

Position Summary :

This position will be based at Gurugram and reporting to Finance Controller

Responsibilities and Accountabilities :

Treasury & Funds Management :

• Liaison with Global teams and Corporate treasury for External Commercial Borrowings
• Interactions with paneled banks and setting up credit limits, Project loans for upcoming projects. 
• Complying with ECB requirement as per RBI guidelines
• Ensuring filing of monthly ECB2 returns with RBI.

• Use of hedging instruments to mitigate currency risk and maintenance of complete hedging documentations.
• Accountable for correct accounting of business hedges along-with MTM.
• Responsible for Bank Reconciliation on a monthly basis for all banks.
• Responsible for reviewing Bank Charges & ensuring their booking in SAP.

Statutory & Internal Audit:

• Liaison with Auditors and Financial controlling team for smooth Statutory Audit
• End to end clearance for Bank reconciliations, Statements, confirmations, hedge accounting etc.
• End to end clearance of expenses, Trade payable, MSME workings and accounting, WHT, Security deposit, related party disclosures
• Resolving audit queries/issues with supporting documentation & processes.
• Ensuring efficient Internal Controls in place around A/P, Cash and Banking Processes for IFC audits.
• Semi-annual reporting of MSME compliance to relevant team/ Government.

Invoice Processing:

• Posting and Reviewing of Vendor Invoices & carrying out 3 way match to ensure accuracy before processing them in SAP and complying with GST requirements.
• Liaison with Function for non-compliant Invoices & guiding them on deviations.
• Ensuring correct Booking Invoices in SAP (Both PO & Non PO) as per process to correct G/L & CC & to ensure that Input credit on GST is available to company.
• Responsible for Self Invoicing as per GST in case of Reverse Charge Vendors.
• Share purchase register with GST team for GST input reconciliation.
• Responsible for documentation of Invoices as per GST
• Responsible for withholding tax as per applicable law.

Accounts Payable Reviews and Controls

• Monitoring of Vendor & Employee Advances & clearing them at regular intervals.

• Processing of Monthly Statutory Dues payments with accuracy and on time:

• Advance/self-assessment/regular Income tax,
• Income tax appeal fees or demand as per assessment orders
• Custom duty
• TDS/TCS,
• EPFO, LWF, Professional Tax,
• GST & any Demand/Assessment Payments of VAT/CST etc.

• Monthly Review & Monitoring of AP/ GRIR Open Item Reports.
• Monitoring of Inter-company balances and ensure all supporting’s available for cross-charges.

Vendor and master data Management :

• Responsible for periodic review of SOPs for New Vendor creation
• Analysing new vendor creation/change request to check the merit of request.
• Vendor Creation/Modification through e-forms/SIM Forms.
• Bank Master creation/modification through e-forms.
• Cost allocation cycle review and maintenance.
• Cost centre and GL account review/creation/modification through E-forms.
• Co-ordinate with Global reporting team for any GL, cost centre and cost allocation cycle creation/Modification.
• Monitoring non active/dormant vendors & getting them blocked/Unblocked.
• Responsible for Vendor reconciliation & obtaining NDC by liasioing with Vendor & Functions.
• Responsible for Vendor dispute resolution.
• Providing monthly Balance Confirmation to McCain Inter Companies.

Tax Deducted at Source /Tax Collected at Source:

• Responsible for Pan India Correct & timely computation as well as payment of TDS/TCS liability
• Responsible for correct & timely filing of Quarterly TDS Returns.
• Responsible for filing revised TDS Returns and correction statements.
• Responsible for replying TDS/ TCS related notices/query from Revenue Authorities
• Issuance of Form 16A to Vendors on quarterly basis & addressing queries on the same.

Super User (P2P):

• Responsible for Testing of any new developments/modifications in SAP.
• Analyzing system issues, Incident creation & liasioning with AMS for quick resolution.
• Responsible for training to users on effective utilization of SAP.
• Responsible for identifying area of improvement in process and get them implemented.

Professional/Technical Accreditations:

• CA with around 6+ years of experience.
• Strong Understanding of Accounts Payable, Treasury, TDS & GST.
• Detailed working knowledge of SAP – FICO Module
• Expert in MS Excel / MS Word / Power-Point

Competencies:

• Should ensure accountability of Actions and should be Self-Motivated & Action Oriented.
• Collaborative – Ability to build trust & sustainable interpersonal relationships with multiple stakeholders. Able to build and maintain lasting relationships with other departments, key business partners and government agencies.
• Strong technical skills.
• Ability to work under pressure, meet deadlines and drive projects to completion.