Sr. Team Member - FSS Controlling

Division

Department

Sub Department 1

Job Purpose

Manage business service delivery in Areas of Trade Payables & Receivables in compliant manner and ensure accurate and timely accounting of the transactions which aid in meeting the bookkeeping and financial objective of the organisation. Focus on Controls, Compliance and reporting as per internal policies and statutory and legal requirements.

Key Accountabilities (1/6)

Compile, analyze, report, and provide insights for various Balance Sheet and P&L accounts.

1. Closure & reporting

1. Timely book closure activities which include accurate review of provision entries.
2.  Review of Trial balance and provide variance reasons for key movements to Corp team.

2. Accounting hygiene review:

1. Conduct cross functional/departmental meetings to review the specific balances and reconciliations.
2. Track actions and closure basis point (a)
3. Ensure hygiene check for all open balances are duly done.

Efficiently handling audit queries both statutory or internal (as applicable)

Key Accountabilities (2/6)

Compliance

1. FEMA Compliance:

1. Review of all open IDPMS & EDPMS cases to be done at appropriate intervals. Any compliance gap should be flagged and duly discussed to ensure adherence to the law.
2. Compliance for inter co related transactions to be ensured as per FEMA directives.
3. Merchant trade transactions related compliances to be ensured are duly compliant and followed.
4. Any other foreign related compliances (if applicable)

2. MSME /TDS compliances (if any)

Any other compliances as and when applicable by law

Key Accountabilities (3/6)

Controls

1. Process controls:

1. Review and ensure that due process controls as defined by in IFC are followed. Any discrepancies to be flagged and duly rectified with immediate due actions.
2. Identify control gaps, define, and execute implementation of additional controls preferably system-based controls.

2. Financial Controls:

1. All account balances to be reviewed in detail and any financial risk should be reviewed and appropriate mitigation plan should be bought in place.
2. Ensure financial risk, compliance risk and accuracy of reported numbers are mitigated.

Due data coverage check, reasons duly reviewed and presented with due diligence check for Controller forum scheduled at specific intervals

Key Accountabilities (4/6)

Effective Business Partnering to achieve business service level agreements with various      stake holders.  

Partnering with key stake holders:

• Establish strong and healthy connect with key stakeholders to making process more effective, identifying conflicts and resolution for the same.
• In due intervals report out to stakeholders on Business Service level agreements/performances.
• Work towards partnership and aid in beneficial business outcomes

Key Accountabilities (5/6)

Key Accountabilities (6/6)

Major Challenges

Key Interactions (1/2)

• Procurement – To resolve Po & Supply related specific and general issues
• Import Logistics – For import related matters (Invoices, custom duty) - on daily basis
• Export Logistics – Documents for lodgement
• SAP IT (FICO & MM-SD) – as per requirement – for SAP related issues 
• Business Finance & Business Development – On regular basis – Accounts Receivable related matters
• Corporate Accounts – on regular basis - Month end and other accounting activity
• Manufacturing Finance / Stores – on regular basis - For GRIR review
• Legal – Monthly - Compliance related issues
• Tax - as per requirement - Audit and excise related activity

Key Interactions (2/2)

• Banks – As required for export/import related compliance affected by TAT
• Customers (Domestic & Foreign) – As per requirement – For collection issues & reconciliation
• Vendors - As per requirement – For payment issues & reconciliation
• Auditors - As per requirement – For Audit purpose

Dimensions (1/2)

Dimensions (2/2)

Key Decisions (1/2)

Provisions and accounting entries

Accounting policies, processes & compliances

Key Decisions (2/2)

Identification of write off write backs based on reviews and co-ordinate with cross functional teams for alignment and approvals

1. Identify control gaps and propose system/manual based controls.
2. Any compliance gap identified to be flagged and discussed for appropriate resolution and reporting

Education Qualification

CA (with 1–2-year Experience preferred).

Relevant Work Experience

1-2 years of accounting experience and strong background of controllership role.

 knowledge of Accounting and Consolidation (IND AS) knowledge, Communication skills, SAP & BPC tool knowledge and hands-on experience is an added advantage