vendor payments mis & audits in mumbai

posted
contact
randstad india
position type
permanent
apply now

posted
location
mumbai, maharashtra
function
Construction & Property
position type
permanent
experience
3
reference number
57281
contact
randstad india

job description

vendor payments mis & audits in mumbai

Officesin over 30 countries Brand presence in over 100 globalmarkets Team ofover 15,000 people from 21 diverse nationalities Valued at US$ 10 Billion,Piramal Group is a global business conglomerate with diverse interests inPharma, Financial Services, Healthcare Information Management, Real Estate andGlass Packaging. The Group has officesin over 30 countries and a global brandpresence in more than 100 markets. Led by Mr. Ajay Piramal, the Chairman,Piramal Group is a torchbearer of trusteeship and responsible business ethos.Based on the philosophy of 'Doing Well and Doing Good', the Group continues tocreate long-term value for its stakeholders and the community at large. In thethree decades of its existence, Piramal Group has pursued a twin strategy ofboth organic and inorganicgrowth. Driven by its core values, Piramal Groupsteadfastly pursues inclusive growth, while adhering to ethical and values-driven practices. ABOUT US JOB TITLE : Executive - Vendor Payments BUSINESS :Piramal Pharma Ltd DEPARTMENT: Global Business SharedServices TRAVEL: ModerateLOCATION: Kurla, Mumbai SHIFT: General Shift JOB OVERVIEW: Through a phasedapproach, the Global Business Shared Services (GBSS) Center now delivers manyof the F&A, Supply Chain & HRO services across different businesses within thePiramal Group. Our strategic intent is to evolve Shared Services as a serviceprovider that provides support across all elements of the F&A, Supply ChainOperations & Control & HRO frame work, focusing on providing value throughinitiatives on standardization, consolidation, automation support andleveraging best in class available tools / techniques - forming an enabler tosupport scalability of the function. The Executive would be expected to ensureadherence to global policies & shared services operating procedures, worktowards lowering the cost per transaction, while achieving defined servicequality levels. This role is responsible for monitoring SLA's and KPI's asagreed upon by the business, providing root-cause analysis and risk mitigationaction plans where gaps may arise. KEY STAKEHOLDERS: INTERNAL Business &Corporate Finance team, Internal Audit team, Site Finance team, Site /Corporate Supply Chain team KEY STAKEHOLDERS: EXTERNAL Vendor's AccountsReceivables & Sales/BD team, Bankers, Statutory Auditors REPORTING STRUCTURE:Manager AccountsPayable QUALIFICATION: B.Com / M.Com with Minimum 5 - 7 yearsof experience MBA degree would be an added advantage EXPERIENCE: Relevant postqualification work-experience of 5-7 years mainly in BPO or Shared Servicesenvironment KEY ROLES/RESPONSIBILITIES: • Review the creditors ageingregularly and ensure nothing goes beyond 90days and all the debit balances aresorted out. Clear Debit balances, part payment case , advance knock off casesbefore making the payment • Adhere to the site-wise weekly payment runschedule. • Prepare forecast file, update cash flow statement, Prepare paymentfile, timely request for fund to ensure end to end seamless payment process •Make vendor payments and employee payments as per schedule through system andbank portal. • To ensure proper allocation of advance payments and otherpayments to invoices, including contras between Purchase Ledger & SalesLedger. • Follow the process set for statutory , critical and mandate paymentssuch as Imports DAN, MSME, Tax, regulatory • Resolve vendor's query related topayment receipts • Time to time run duplicate payment checks • Periodic VendorAccount Reconciliations and monthly ledger to sub-ledger reconciliations •Assist in preparation of TDS Returns. • Verification of Purchase and Expenseinvoices for TDS, GST and Prepaid amortization compliance. • Perform vendorreconciliations of all plants on quarterly basis and support all accountingtasks that are involved in the vendor payment process. • Responding to anyqueries related to payables / Audit query resolutions (Statutory/Internal). •Provide required papers/documents to the internal audit • Ensure all the auditqueries related to AP are handled and answered properly. • To ensuregeneration of accurate Creditors aging report on a periodic basis • To assistin the achievement of the Departmental Objectives and Strategies • Maintainsan excellent level of verbal and written communication with vendors and thepurchase teams. • Operates in a "team structured" environment assisting withtraining and sharing expertise and information. • Participates in developing,implementing and achieving objectives/goals with the Team Lead that areconsistent with team Goals • COMPETENCIES • Should be well versed in bankingtransactions and RBI rules related to banking transactions • Should haveInnovation mindset with eye of detail • Good interpersonal and communicationskills • Proficiency in Excel and PPT ( must to have) • SAP knowledge (must tohave) • Good listener with analytical mind • Ability to communicateeffectively with coworkers, managers, technical staff, and others fromdifferent cultures/ levels both internal and external to the firm • Shouldhave has the experience of working in high performance organizations & shoulddemonstrate customer centric mindset & behavior. • Self-motivated andproactive with ability to work with minimal supervision • Ability to managemultiple and shifting priorities in a dynamic environment and to meet tightand various deadlines • Results driven, detail orientated, and hardworking

skills

Should be well versed in banking transactions and RBI rules related to banking transactions • Should have Innovation mindset with eye of detail • Good interpersonal and communication skills • Proficiency in Excel and PPT ( must to have) • SAP knowledge (m

qualification

B.Com