Gmc Experiential Module 2023 - Mumbai, India - Mahindra & Mahindra Ltd.

Mahindra & Mahindra Ltd.

Verified Company

Mumbai, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Date:12-Apr-2023

Location:
Mumbai A.O

Company:
Mahindra & Mahindra Limited

Responsibilities & Key Deliverables

Cash Management:
a) Daily Funding, Its Utilization for Local and Import Payments

- :

Obtaining of Daily Requirement of Funds, Liasioning with Corporate Finance

- :

Comparison with Actual Payment on Daily basis and Control Actions

- b) Cash Flow Projection and Actuals for KNDV

- :

Monthly projection of cash flow for Direct Material Vendor Payment, comparison with Actual on weekly basis and necessary action accordingly

- :

Coordination with Sector Accounts or other departments
2.

Local Payments and Creditors:
a) Payment Activity

-:

Daily Payment Processing from SAP

Liasioning with Banks or other departments

Obtain IT support in case of any issues etc

- b) Vendor Reconciliation

-:

Quarterly reconciliation with vendors as per guidelines set by management

Coordination with various unit Accounts for effective reconciliation

- c) Vendor Queries relating to payments, Deduction details, TDS Certificates etc

-:

Solution to vendor queries for payment or related issues

Coordination with Sourcing /Supply Chain team for smooth vendor relationships

- b) Payment related Issues if any and Solution thereof
- d) Vendor Ageing

-:

Monitoring and clearing books w.r.t. clear
3.

Import Payments:
a) Daily Payment processing

-:

Processing of Import documents (Advance/LC issuance/amendments/ direct etc.) by thoroughly checking the documents

Liasioning with Banks and Import Desk

Resolving discrepancies in documents and queries from Banks for payment execution

- b) Payment Entries for Auto Sector

-:

Passing of payment entries for Import payments released on monthly basis

Adhering to the management deadlines for passing entries

- c) Finance Activity

-:

Active involvement for financing options

Dealing with Corporate Finance

- e) Maintaining reconciliation on Import Data Processing and Monitoring System (w.r.t. BOE)

-:

Follow up with Import Desk for necessary documentation
3.

MIS:
a) Creditors MIS (Local and Imports)
- b) MIS for Financial Impacts for payment
- c) Ad hoc requirement

5. Resolving Audit queries

- :

Dealing with internal and external auditors
6.

Management Representative for ISO Audit:
a) Maintaining ISO related information as per Audit guidelines
- b) Conducting periodical meetings (MRM/Steering)
- b) Preparation of Minutes of meetings and circulation thereof
- c) Maintaining of SOPs and timely updation
- d) Liasioning with customers (both Internal and External) for feedbacks and improvement in Satisfaction scores
- e) Other relevant activities as per requirement of Sector MR
Experience