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Executive - Accounting and Taxation - Gurgaon, India - TMF Group

TMF Group

Verified Company

Gurgaon, India

1 month ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

About TMF Group
TMF Group is a leading global provider of high-value business services to clients operating and investing globally.

We focus on providing specialized and business-critical financial and administrative services that enable our clients to operate their corporate structures, finance vehicles, and investment funds in different geographical locations.

We are a Great Place to Work, ISO & ISAE certified organization.

Key Responsibilities

Accounts Payable

Manage in a timely manner the reception, scanning, compliance validation, and accurate booking of supplier invoices in line with GST and Company requirements
Develop a review mechanism for tracking invoices and payment process for the Montblanc Retail entity
Track invoice status and progress (processed, with exception and/or rejected)
Raise a flag on any identified risk or deviation from any company policies and procedures for Richemont India
Ensuring the accuracy of vendor ledger postings and analysis of the movement of accounts.
Raise a flag on any identified risk or deviation from any company policies and procedures
Effective documentation and recordkeeping of all the transactions recorded in the accounting system.
Validate and check the weekly payment run
Ensure effective archival of documents and efficient retrieval.

- _Perform and review periodic vendor reconciliations as per agreed frequency and timelines for Richemont India and Montblanc Retail._

Ensure that reconciling items are resolved within stipulated time limits.
Other AP adhoc tasks

Month-end Reports

Posting of monthly COGS and analysis of variances.
Provide monthend reports relating to expenses payable, analyzing expense accruals for both brands and OVH in line with budgets & actuals.
Analysis of aging of vendor payables.
Provide reports for the preparation of various taxationrelated returns.
Analysis of Journal Vouchers posted during the month with the DOA matrix and reporting the deviations.
SAP user support on PO and APrelated queries for Richemont India and Montblanc Retail
Taking care of prepayments made by the company, amortizing them based on the relevant time periods, and preparing schedules for the same.
Assist in stock reconciliation and highlighting the variances.
Monthly reinstatement of foreign currency assets and liability and recognizing the exchange or loss for the same.

Fixed Asset

Creation/modification/disposal of assets, charging depreciation, and preparing FAR along with depreciation schedule for audit purposes.

Internal control and Audit process

Providing all relevant documentation & schedules required for testing purposes: external audit, internal controls, ICS related functions, etc.
Participation in the implementation of recommendations, if needed
Contributes to the formalization or continuous improvement of standard operating procedures and processes.

Other / Adhoc requests

To keep abreast of all applicable, relevant statutory topics and ensure compliance thereto for the relevant function
Assist in the implementation of any new projects and processes relating to improvement in the vendor payable cycle.
Assists Head of Accounts in any other tasks as may be required.

Key Requirements

B.Com/ Finance Graduate, professional accounting qualification would be an advantage
Not less than 35 years of relevant experience, exposure in the luxury goods industry would be an advantage
Good core accounting skills
Exposure to work practices in a corporate head office preferred
Knowledge of international payment regulations and processes is preferred
Knowledge of SAP FICO
To ensure complete and accurate recording of all payable transactions.
To prepare periodic reconciliation with vendors and ensure no gaps.
Coordinate with Brand/Department, Supplier, GL Team, and Treasury for paymentrelated concerns
To prepare monthend management reports and assist in other reports as may be required.
Coordinate monthend closing by assisting the Head of Accounts in expenses analysis and any other adhoc analysis from time to time.
Coordinated and liaise with thirdparty service providers for Accounts Payable functions of Montblanc Retail entity.

What's in it for you?

Pathways for career development

Work with colleagues and clients around the world on interesting and challenging work.
We provide internal career opportunities, so you can take your career further within TMF.
Continuous development is supported through global learning opportunities from the TMF Business Academy.

Making an impact

You'll be helping us to make the world a simpler place to do business for our clients.
Through our corporate social responsibility program, you'll also be making a difference in the communities where we work.

A supportive environment