Finance Executive

Emerson

4 - 8 years

6 - 10 Lacs

mumbai

Posted:-1 days ago| Platform:

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Skills Required

hr administrator tds journal entries income tax soa process control reconciliation finance executive balance sheet auditing

Work Mode

Work from Office

Job Type

Full Time

Job Description

Preparing the working file with the listing of Interco entities for raising of workstation and salary backcharge invoices.
Raising invoices in Oracle AR module and recording of manual journal entries.
Assessing GST applicability on diverse nature of transactions
Addressing and resolving the queries received from Interco entities regarding the cost allocation/backcharge
Performing TDS reconciliation with 26AS on a quarterly basis and collaborating with Interco entities for discrepancies identified during the recon.
Ensuring timely and accurate receipt application in Oracle.
Handling requests received from Admin, HR and other teams for new backcharge (as well as discontinuation of existing backcharge) and incorporating the same in working file.
Sending reminders and following up for payment with the Interco entities for invoices which remain overdue for more than 90 days
Post month-end AR module closure, preparing and circulating statement of accounts (SOA) to all Interco entities.
Post month-end AR revaluation, recording of allocation entry to transfer all Interco AR balances from common BU to dedicated BU.
Reviewing the imbalance report received after HFM upload and ensuring that such imbalances are rectified and accounted for in the subsequent period.
Analysing and subsequent invoicing of all cost accumulated in AR recharge suspense GL.
For statutory audit, prepare Interco AR balance confirmations, follow up with Interco entities for responses on audit confirmations and perform reconciliation of confirmation received
Preparation of balance sheet and P&L schedule on monthy basis and uploading on E-rec portal
Assess the invoices which are expected to breach the FEMA timelines and escalate the issue to finance leaders of Interco entities to avoid FEMA non-compliance.

Who You Are:

You accurately track and raise all the invoices on a monthly basis.
You ensure timely recording and application of receipt entries.
You coordinate with Interco entities for invoice specific issues and follow-up with entities for aged dues.
You effectively coordinate with auditors for timely completion of audit with minimum audit observations.
You should be able to bring in efficiency in the entire process by automating routine/manual transactions.

For This Role, You Will Need:

Master s / bachelor s degree in commerce with min 4-8 years of experience in Transaction processing and AR reconciliation.
Knowledge of accounting - Invoice, Credit note, Debit note and recording of journal entries in Oracle.
Working knowledge of GST and Income tax TDS
Advance Excel Skills
Strong and effective Communication skills
Experience in handling audit-related activities, co-ordination and resolution of queries
Ability to handle large volumes of data
Working Knowledge of Oracle ERP platform
Ability to work with diverse, multi-regional teams and global teams spread across different geographies.

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