Talent Destination
Website:
talent-destination.com
Job details:
This role will oversee end-to-end Finance Operations, including Accounts Payable Management and Statutory Compliance. TDS, MSME, etc., for the two entities, including plants. Support the implementation of the Shared Services Centre for the above across group companies and play a critical role in sustainable process standardization, improvements, and learning dissemination across entities.
Responsibilities
- Accounts Payable Management: effective functioning of the end-to-end AP management process, which includes SLA based Account reconciliation, drives closure of unsettled/aged advances, vendor balances, and Open GR/IR Controls.
- Plant Accounts Payable Management – Work closely with Plant Accounts Team and Plant Leadership Team to drive adherence to organisational AP / Vendor Management process disciplines across the 3 India plants, including AP SLA improvement.
- Lead discussion with Functional Heads and Plant Heads on complex open vendor issues and drive closure.
- Monthly and quarterly closing for Accounts Payable, Bank BRS, Statutory, and internal audits
- Work closely with the Tax team to ensure GST credit mismatch cases are dealt with appropriately by timely recovery of the GST mismatch amount.
- Implement and maintain best practices for efficient and effective accounts payable operations.
TDS / TCS Compliance:
- Stay abreast of changes in TDS regulations and ensure timely compliance with all relevant tax requirements, including changes in the Internal SOP.
- Facilitate coordination with internal teams to validate TDS deductions & ensure accurate submissions to tax authorities.
- Conduct periodic TDS audits to identify and address any discrepancies.
Statutory Compliance:
- Manage and monitor compliance with all statutory requirements related to finance and accounts.
- Facilitate collaboration with internal and external stakeholders to ensure adherence to relevant laws and regulations.
- Keep abreast of changes in statutory regulations and implement necessary process revisions to ensure compliance.
Review, Reporting and Analysis:
- Conduct periodic MIS reviews to assess the overall health of the Accounts Payable Process, including SLA, ageing, aged advances, open vendor / GRIR issues, TDS, and statutory compliance for performance improvement.
- Analyze to identify trends, opportunities for improvement, and potential risks viz. changes in business or system processes.
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