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:

1. Analytical

2. Good at SAP

3. 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