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:

1. Coordination & alignment with Shared service partner & stakeholders (CNH) for efficient & timely payment of invoices.
2. Responsible for quality and speedy resolution for Payment queries with internal users and stakeholders
3. 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 3^rd 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