Veoneer
Website:
veoneer.com
Job details:
Job Title: Finance Executive – Accounts Payable & Taxation (5-8 Years)
Job Location: Bangalore
About Veoneer:
Veoneer is a world leader, and over the years, Veoneer has delivered more than 1.1 billion electronic control units and crash sensors to car manufacturers globally.
Owned by AIP and headquartered in the U.S. Veoneer has approximately 2,550 employees in 11 countries.
What Will You Do?
Accounts Payable & Vendor Management
- Review and process vendor invoices by validating them against Purchase Orders, GRNs, and supporting documents.
- Ensure accurate accounting, tax treatment, and allocation of costs to the correct GL accounts and cost centers.
- Monitor vendor advances, aged payables, debit balances, and outstanding items.
- Perform vendor reconciliations and resolve discrepancies with vendors and internal stakeholders.
- Support payment processing activities while ensuring adherence to agreed payment terms and internal approval processes.
- Manage employee expense reimbursements and related accounting activities.
GST & Indirect Tax Compliance
- Verify GST compliance of vendor invoices, including GSTIN, HSN/SAC codes, tax rates, and place of supply.
- Reconcile purchase registers and Input Tax Credit with GSTR-2B and resolve mismatches.
- Coordinate with vendors to address GST-related discrepancies and invoice reflection issues.
- Support GST return preparation, reconciliations, audits, assessments, and statutory documentation.
- Ensure timely and accurate accounting of Input Tax Credit.
TDS & Direct Tax Compliance
- Review vendor transactions to ensure correct TDS applicability and deduction.
- Support TDS payments, return filings, reconciliations, and certificate generation.
- Resolve vendor queries related to TDS deductions and reporting.
Financial Closing & Reporting
- Ensure timely booking of invoices and expenses before month-end closure.
- Identify unbilled expenses and assist in preparing accruals and provisions.
- Reconcile vendor accounts, GR/IR balances, and other Accounts Payable-related balance sheet accounts.
- Support monthly reporting schedules and finance review activities.
- Track and resolve long-pending reconciliation items.
Audit & Internal Controls
- Prepare supporting schedules and documentation for statutory, internal, and tax audits.
- Maintain strong financial controls and compliance with company policies and SOPs.
- Ensure complete audit trails and support closure of audit observations.
Plant Finance Support
- Partner with Purchase, Stores, Logistics, and Operations teams on finance-related activities.
- Support inventory verification exercises and related reconciliations.
- Assist the Plant Finance Manager in MIS reporting, reconciliations, and other finance initiatives.
What will you bring?
- 5-8 years of experience in Finance & Accounts, preferably within a manufacturing or plant environment.
- Strong hands-on experience in Accounts Payable, GST, and TDS compliance.
- Sound understanding of vendor accounting, reconciliations, accruals, provisions, and month-end closing processes.
- Practical knowledge of GSTR-2B reconciliation and Input Tax Credit (ITC) management.
- Proficiency in Microsoft Excel, including Pivot Tables, XLOOKUP/VLOOKUP, and financial reconciliations.
- Experience working with SAP or other ERP systems.
- Strong analytical, problem-solving, and financial reconciliation skills.
- High attention to detail and the ability to manage multiple deadlines effectively.
- Good communication and stakeholder management skills for vendor and cross-functional collaboration.
- A proactive and collaborative approach to supporting plant finance operations.
Key Competencies
- Strong organizational skills with a high degree of accuracy and attention to detail.
- Ownership mindset with a commitment to compliance, quality, and timely execution.
- Ability to build effective working relationships with internal stakeholders and external vendors.
- Capability to work efficiently in a fast-paced manufacturing environment while managing competing priorities.
- Proactive approach to identifying issues, driving resolutions, and improving financial processes and controls.
Preferred Qualification: Bachelor's degree in Commerce (B.Com), Master's degree in Commerce (M.Com), MBA in Finance, or an equivalent qualification
Click on Apply to know more.
