Accounts Payable Assistant

3 weeks ago


Bengaluru Karnataka, India CDC Group Full time

**Our mission and objectives**

British International Investment is the UK’s development finance institution, owned by the UK Government. We invest with the aim of solving the biggest global development challenges by investing patient, flexible capital to support private sector growth and innovation. We have 75 years of experience successfully supporting the sustainable, long-term growth of businesses in Africa and Asia, and have recently expanded to invest in the Indo-Pacific and Caribbean. We invest to achieve impact and a financial return which is then reinvested for more impact. Over the past five years, we have committed £7 billion of new investments, with our net assets growing in value to approximately £8.1 billion. We are now invested in 1,400 businesses which directly employ over 950,000 workers and support many more. Over the next five years, we plan to grow further, and aim to commit around £9 billion of new investments over the period. Our current five-year strategy responds to the opportunities and challenges facing developing and emerging economies. To ensure our capital is used in the best way possible to meet these opportunities and challenges, it sets out three clear strategic objectives - to invest in productive, sustainable and inclusive development. These objectives mean an increased focus on climate finance, including investing in green infrastructure; on financing digital transformation; and on driving inclusive outcomes, including through gender and diversity finance. We changed our name to British International Investment in 2022, to more accurately reflect our central role in the UK Government’s international financing offer. In the last few years, we have expanded our presence in Africa and Asia by opening new offices in Bangladesh, Egypt, Kenya, Nepal, Nigeria, Pakistan, Ghana and Singapore; with further expansion planned. We take an entrepreneurial approach to investment. We think innovatively about ways to deploy our capital, attract, and mobilise other investors, and drive transformational impact. Deliver impact. We are a team of over 600 and place immense value on diversity within our organisation. Read more about us and the strategy at bii.co.uk

**Team and role overview**

British International Investment UK has its Wholly Owned Subsidiary (WOS) in India (British International Investment India Advisers Private Limited-BIIIAPL). The principal activity of BIIIAPL is to provide non-binding investment advisory services to BII Plc. BIIIAPL has an export of advisory services turnover of INR 85/- crore for FY 2022-23 and has an employee base of 50. The entity is required to comply with Internal Financial Controls framework prescribed Under Section 134(5) of the Companies Act, 2013.

**Purpose**

**Responsibilities**
- Ownership of Accounts payable module in SAP CONCUR - processing and accounting (uploading auto generated output file by performing few checks & balances) into Accounting ERP
- Ownership of Expense module in SAP CONCUR - processing and accounting (uploading auto generated output file by performing few checks & balances) into accounting ERP; including Corporate Credit card claim submissions’ processing and accounting.
- TDS data control and quarterly filing data compilation and periodic reconciliations as per internal timelines.
- GST ITC data control and monthly data compilation and periodic reconciliations as per internal timelines.
- Accruals for month end and year end - control & compilation; Accruals within SAP CONCUR processing pipeline & out of books estimates for expense provisioning.

**Essential skills**:

- Knowledge of TDS provisions (Section 194 J, 194C, 194I & 195 of the Income Tax Act, 1961)
- Basic understanding of GST ITC eligibility criteria.
- Basic Excel skills, advanced excel skills are desirable.
- Attention to detail and accuracy with numbers.
- Curiosity and willingness to learn.
- A self-starter with excellent organisation skills.

**Desirable skills**:

- Multi-location and cost centre accounting knowledge.
- Working knowledge of SAP CONCUR, Invoice module and Expense module.
- Working knowledge of SunSystems or other structured ERP.

**Our cultural values**

We look for team members who aspire, as we do, to work at our best and to be:

- Impact-led, commercially rigorous
- Tenacious in the face of challenges
- Collaborative and caring

British International Investment is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation or educational background.

**Salary**: Competitive



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