Objectives of the Position Ensure that statutory reporting is completed in compliant manner and on timely basis Ensuring efficiency in day to day operations in Payables Ensure compliance with FEMA regulations for foreign payments Country level Insurance Gatekeeper Main Tasks Payable Monitoring Partner with Local bankers, procurement leads, supply chain leads and Malaysia team to run an efficient payable operations Monitor payables KPI & constantly find out improvement areas and drive the same with Malaysia team and local end users To lead the implementation of new global & regional processes / initiatives in payables area with active coordination with local end users Ensuring FEMA, RBI, and MSME compliances Support GST team to enable them in taking maximum GST credits. Co-ordinate between GST and Malaysia team to rectify invoice posting errors if any Insurance Compliance with group guidelines in terms of insurance Co-ordinating with insurance advisors & business units Ensuring optimal insurance coverage with cost benefit analysis Liaise with regional and global insurance team To ensure the changes in local laws impacting insurance are adhered to. Changes in business model to be aligned with Insurance policies Support to Local BU's/FU's in day-to-day issues/ queries Liaise with Statutory Auditors on quarterly basis for local & yearly basis for group+ local audits in all above areas Financial Reporting Handle financial reporting for BASF group company including GL Monitoring, Audit (including liaison with Deloitte), MIS and Group Reporting support to HUB Ensure completion of cost audit in coordination with HUB team in timely manner Ensure completion of FRC / IFC Job Skills Analytical Good at SAP Up-to-date and Expert know-how of Indian and IFRS accounting standards and local regulations (e.g, Companies Act) Job Requirements Chartered Accountant 5 years+ (experience with MNC & /or Big 4 audit firms is a must) Working knowledge in SAP Hands on experience in handling foreign payments under FEMA Good knowledge of end-to-end P2P processes Up-to-date and Expert know-how of Indian and IFRS accounting standards and local regulations Proficient with MS Office Fluent in English with strong communication and interpersonal skill Show more Show less