Finance
1.) Job Purpose:
1. Controlling vendor invoice processing – GRN/SRN Payable controlling for imports raw material and services for AG, CE & ITC
2. Co-ordinate with other finance colleagues to improve processes and standard procedures.
3. Responsible for Import payments and associated RBI / FEMA compliances
4. Ensuring timely creation of vendor/employee payment cycles
2.) Dimensions:
1. Reporting To: Chief Accounting Officer
2. Position Responsibility:
- Coordination & alignment with Shared service partner & stakeholders (CNH) for efficient & timely payment of invoices.
- Responsible for quality and speedy resolution for Payment queries with internal users and stakeholders
- Co-ordination with senior leadership of CNH.
3.) Detailed JOB RESPONSIBILITIES: –
The position is primarily responsible for following activities:
· Checking compliance of invoice processing and payments related to Imports.
· Monitoring and driving closure of hold cases with relevant stakeholders to make timely payment.
· Monitor and periodically review advances to Vendors (Imports) and drive necessary action to have these settled.
· Monitor and periodical review of aged invoices over 90 days (Imports) and drive resolution for payment.
· Controlling GRIR/ITBR balances (Imports)
· Foreign Service/Cost invoice processing (Imports)
· Inter-company reconciliation review and action on open invoices – Co-ordination with global stakeholders to resolve compliance issues to enable Import payments.
· Import 3rd party supplier account reconciliation & balance confirmation.
· Supplementary price settlement of raw material suppliers.
· IDPMS / ORM Controlling, Review and Closure
· Custom Duty Payment and ECL wallet reconciliation and accounting.
· Support Statutory, Internal and SOX Audits – coordination with auditors and internal stake holders.
· Quarterly and Year end CNH audit schedules
· Coordinate with respective shared service team members to drive SLAs.
· Co-ordination with global stakeholders to resolve compliance issues to enable Import payments.
· Documenting productivity and looking for areas of improvement.
· Driving operational KPI’s.
· Back-up and support other members of the operational fulfillment as and when required.
· Prepare ad-hoc reports as required.
· Regulatory Compliances:
o Support overall regulatory environment by ensuring compliances of relevant assigned tasks in compliance tool.
o Ensure compliance in terms of proper documentation including but not limited service contracts, agreements and record keeping
o FEMA and RBI compliance in relation to import of Goods and Service
o Tax compliance for various forms required in import payments (15CA/15CB/TRC/10F etc.)
· Financial Reporting
o Responsible for timely submission of related information required for closure of accounts
4.) Key Result Areas (KRA) / Measures of Performance (MOP) – Imports and General Payment Cycles
· Lead the timely processing of vendor invoices
· Lead the timely processing of vendor advances
· Lead the tracking of un-paid invoices with aging >90 days
· Lead the tracking of pending vendor advances >30 days
· Time creation of vendor/employee payment cycles
· Regular IDPMS / ORMS review and closure of outstanding items on the list
· Timely assignment of debit/credit notes and advances before payment runs
· Finding opportunity on process improvement
5.) Skill Sets & competencies:
· Graduate / MBA / ICWA
· 10+ years’ experience in Accounts payable, P2P
· Experience within a Industrial and Manufacturing environment
· Experience in FEMA / Import / Export Compliances
· Thorough Knowledge of compliances/laws related to cross border payments for India region
· Committed, detail oriented, self-starter with strong problem solving and interpersonal skills
· Excellent communication skills to convey complex metrics and analysis clearly and accurately to internal teams and all levels of management
· Cross-functional, multi-level collaboration skills
· Strong MS Office skills including experience with financial/operational model building
6.) Work Relationship:
Internal
All functional controllers and all CNHi India functions
External
As needed with Statutory & Tax Auditors and compliance consultants, Shared Service provider for PTP Tower.
7.) Qualification, Age and Experience:
Education
Bachelor of Commerce Graduate / MBA / ICWA
Professional Qualification
Bachelor of Commerce Graduate / MBA / ICWA
Experience
10+ years’ experience in Accounts Payables , FEMA / RBI compliances with soft skills like stakeholder management Leadership skills
Age
30-35 years
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