Senior Specialist, Accounting, India

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Accounting & Audit Support:

• Independently manage and execute book keeping and maintenance of proper books of accounts and month close activities per US GAAP and India GAAP.
  • Run through Balance sheet ledger scrutiny.
  • Ensure smooth month closure including first round of review on numbers
  • Independently review accrual and prepaid accounts and make adjustments as necessary.
  • Prepare the intercompany invoice, reconcile the balance, and make entries for realized exchange gain/loss.
  • Run Settlement process on a weekly basis to ensure all the vendor payments made on time.
  • Review and process journal entries for payroll, management & statutory bonus and ensure the correctness of cost centers.
  • Track capital projects and maintain CIP reconciliation.
  • Take the complete responsibility of Fixed Assets ledger & register and ensure to be compliant with US GAAP, local GAAP and tax requirements. Maintain reconciliation with assets ledger vs asset register with the help of Finance executive.
  • Prepare Monthly schedules/reports to Balance sheet accounts and keep the action tracker updated to make sure any adjustment entries if required.
• Support Asst. Manager/Manager towards preparation of Financials as per Schedule VI.
• Overview vendor aging reports on Quarterly basis to ensure no major overdue from the company.
• Prepare various reports based on the management/other team’s requirement and attend the meetings to discuss the same.
• Capable to handle Fund Management, releasing payment to vendor and adapting import procedure making advance payment to foreign suppliers. Opening LC for vendor.
• Process Ad Hoc transactions and Ad Hoc payment.
• Coordinate with the valuation team and pass the actuarial valuation of Gratuity and leave encashment on timely basis.
• Provide supports on annual audit (Tax audit & statutory audit) and tax Queries to auditors.
• Assist in Finalize the books of accounts after the audit adjustment JV’s.

Banking, Labor law, PF, PT & ESI :

• Interaction with Bank Authorities regarding Over Draft facilities, Deposits, Bank Guarantee, forward contract & other banking related activities.
• Ensure Bank reconciliation is performed in Workday on a weekly basis and follow up on unreconciled items to the closure.
• Manual Reconciliation to be done on a month end and documented.
• Suggest process improvements and work with BA to resolve technical issues in Workday on Bank reconciliation.
• Ensure timely payment of PT, PF & ESI. If need be, review of annual labor law return filing and support labor license renewal.
• Interaction with Bank for Foreign Fund Inflow (Revenue/Investment) Remittance Certifications (FIRC).

Income Tax, GST :

• Maintaining Bank Payments, Cash payments & Journal entries vouchers separately & neatly as we have to keep the books for 7 years as per IT Act.
• Filing of GST (GSTR 1 & 3B) returns and payment on timely basis(if any).
• Applying for LUT on yearly basis to get the benefit of export of services/goods without payment of Taxes.
• Calculation of Advance Tax and timely depositing into the Bank.
• Calculation GST Tax liability after considering ITC credit(if any) and other compliances and Depositing the same in time to Bank and apply for refund wherever applicable.
• Ensure closure of annual GST audit with the timeline prescribed by Govt

SEZ:

• Preparation of Tax Invoice, review agreement, purchase order for avail benefits of SEZ..
• Assist/interact with third party consultant on day to day activities at SEZ gate & coordinate with Security and Custom Staff posted at SEZ.
• Review of SEZ MPR, APR, Bill of Entry, Softex and upload on SEZ Online site on monthly basis.
• Assist in Processing for New/Renewal of SEZ LoA.
• Maintenance/Review of Bond register.
• Overview of Dextrous work on Bonding, Bond Extension and De-bonding of Capital goods.
• Assist in preparation of Re-warehousing certificates and submitting the same to customs for bond Ledger cancellation.
• Preparation & Submission of documents for Block transfer on quarterly basis.
• Support Dextrous in apply & arrange for procurement certificate from customs.

Others :

• Support Assistant Manager on Transfer pricing study & certificate. Finalize the TP report with the help of CA and accordingly recognize the revenue and submission of TP certificate torespective ITO/DCIT.
• Continuous process improvement with respect to all statutory compliances.
• Support Assistant Manager on Developing and updating accounting, finance and management policies and procedures.
• Learning & Self development.
• Act as team player and support the other team members and review the work when it is required and act as back up for other finance process.
• Take up new responsibilities and work towards process automation and analyses process gaps and bring it to the management notice.

Global Project & Workday related Support:

Support Manager/Asst Manager with respect to global project assigned to India Team and ensure, timelines are met with desired results.Act as SPOC for all workday related issues and attend the bi-weekly calls to address open issuesProvide a dedicated support on any global projects wrt Workday and be a part of key member list for complicationClosely interact with BA team on the upcoming projects/updates and ensure no impact on the local compliance or reportingProactively work on the below points

• Identify any reporting requirement
• Process improvement in Workday
• Challenge the existing process and work towards bridge the gap b/w BA team and other internal team from a Finance perspective.

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