Welspun World
Website:
welspun.com
Job details:
About Welspun
Welspun World is one of India's fastest growing global conglomerates with businesses in Home Textiles, Flooring Solutions, Advanced Textiles, DI Pipes, Pig Iron, TMT bars, Stainless Steel, Alloy, Line Pipes, Infrastructure & Warehousing.
At Welspun, we strongly believe in our purpose to delight customers through innovation and technology, achieve inclusive & sustainable growth to remain eminent in all our businesses. From Homes to Highways, Hi-tech to Heavy metals, We lead tomorrow together to create a smarter & more sustainable world.
Job Purpose/ Summary
Perform a detailed review of the vendor accounts and Welspun books to identify any open reconciliation points or discrepancies.
Cross-check transaction records, payments, and invoices to ensure all entries are accounted for. 2. Address Discrepancies: Collaborate with stakeholders (finance team, operations, etc.. to resolve any differences found during the reconciliation. Work directly with vendors if necessary to clarify or adjust entries, ensuring alignment between both parties. 3. Close Open Points: Once discrepancies are addressed, update the records to reflect the correct figures.
Ensure that any adjustments are thoroughly documented for future reference. 4. Sign-off Process:Obtain formal sign-off from all parties to confirm the reconciliation is complete and accurate
Job Title
SME_ICR_GCC
Job Description
As a Senior Officer in the Intercompany Reconciliation department, you will play a pivotal role in ensuring the accuracy and integrity of financial records. Your primary responsibility will be to conduct thorough reviews of Customer/vendor accounts of the company books to identify and resolve any discrepancies. You will meticulously cross-check transaction records, payments, and invoices to ensure all entries are accounted for. Collaborating with various stakeholders, including the finance team and operations, you will address any differences found during the reconciliation process. This role requires direct interaction with vendors to clarify or adjust entries, ensuring alignment between both parties. Once discrepancies are resolved, you will update records to reflect accurate figures and ensure all adjustments are documented for future reference. You will also be responsible for obtaining formal sign-off from all parties to confirm the reconciliation's completion and accuracy. Your expertise in accounting principles and SAP module will be crucial in maintaining the department's high standards.
Principal Accountabilities
Manage and oversee the daily operations of the accounting department including accounts payablereceivable cash receipts general ledger payroll and utilitiesbr Conduct treasury budgeting cash forecasting revenue and expenditure variance analysis and capital assets reconciliationsbr Monitor and analyze accounting data to produce accurate financial reports or statementsbr Establish and enforce proper accounting methods policies and principles to ensure compliance and accuracybr Coordinate and complete annual audits providing recommendations for improving systems and proceduresbr Ensure an accurate and timely monthly quarterly and yearend close along with the timely reporting of all monthly financial informationbr Collaborate with other finance department managers to support overall department goals and objectivesbr Advise staff on handling nonroutine reporting transactions and respond to inquiries from finance directors and managersbr Work with the controller to ensure a clean and timely yearend audit supervising the general ledger group to meet financial reporting deadlinesbr Assist in the development and implementation of new procedures to enhance departmental workflow and provide training to new and existing staffbr Handle personnel issues related to staff conflicts absenteeism and performance working with direct reports to establish and monitor annual goalsbr Support the Controller with special projects and workflow process improvements to enhance departmental efficiency
Key Interactions
Top Management,Mid Management,Junior Management,Employees,Client Relations ,Auditors,Vendors
Experience
3
Competency Name
Competency Name Proficiency Level Knowledge of Accounting PrinciplesExpert Accounts Reconciliation Expert SAP Module ExpertiseProficient Computer SkillsProficient Business & Commercial acumenExpert Global Mind-setExpert EntrepreneurshipProficient People ExcellenceProficient
Additional Section (Can Be Added, If Required.
NA
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