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
The job involves ensuring MSME compliance by identifying and verifying MSME vendors in the SAP Vendor Master. Responsibilities include working on GRIR reports, invoice processing, and GRN management, as well as preparing and sharing daily overdue aging reports with the payment team. The role also involves discussing and resolving old outstanding issues with users, preparing monthly MIS reports, and compiling half-yearly MSME returns.
Job Title
SUP_F&A_MSME_SSC
Job Description
The Senior Officer in the MSME department plays a pivotal role in ensuring compliance and operational excellence within the MSME sector. This position requires a deep understanding of financial accounting and reporting, with a focus on maintaining the integrity of the SAP Vendor Master by accurately identifying and verifying MSME vendors. The role involves meticulous management of GRIR reports, invoice processing, and GRN management, ensuring that all financial transactions are recorded accurately and timely. The Senior Officer is responsible for preparing and disseminating daily overdue aging reports to the payment team, facilitating the resolution of outstanding issues with users, and compiling comprehensive monthly MIS reports. Additionally, the role includes the preparation of half-yearly MSME returns, requiring a strong grasp of compliance and documentation standards. The successful candidate will demonstrate exceptional business acumen and a global mindset, contributing to the continuous improvement of financial processes and stakeholder relationships.
Principal Accountabilities
Ensure regular reconciliation of vendor statements and adherence to daily weekly and monthly compliance requirements for various vendor categories including the preparation of comprehensive MIS reportsbr Accurately record and account for all invoices credit memos and payments in alignment with vendor statements while proactively reviewing open items unmatched receivers GRN and open prepay balances to maintain financial accuracybr Coordinate with internal and external stakeholders including payables teams Field Operations Finance Procurement and Vendor representatives to resolve queries and ensure seamless accounts payable operationsbr Apply a thorough understanding of GST TCS and TDS regulations to accounts payable processes ensuring compliance and accurate financial reportingbr Identify critical issues within vendor accounts determine root causes recommend and implement resolutions for continuous improvement and facilitate critical prepayment transactions to ensure timely and accurate settlements
Key Interactions
Vendors,Internal Communication ,External Communication ,Finance & Accounts
Experience
3
Competency Name
Competency Name Proficiency Level Business & Commercial acumenProficient EntrepreneurshipProficient Global Mind-setProficient People ExcellenceProficient Business AcumenBasic Financial Accounting & ReportingBasic ComplianceBasic Documentations & ReportsBasic
Additional Section (Can Be Added, If Required.
NA
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