Procurement Financial Analyst

5 days ago

Tiruchi, Tamil Nadu, India beBeeProcurement Full time ₹ 4,00,000 - ₹ 7,00,000
Job Title: Procurement Financial Analyst

We are seeking a detail-oriented and analytical professional to handle procurement financial transactions, perform thorough vouching, support audit readiness, and manage cost center allocations efficiently.

The ideal candidate should have a strong understanding of internal controls, procurement processes, and financial reporting to ensure accuracy, compliance, and cost optimization. Key skills include knowledge of AS, Ind AS, GST, and TDS provisions, proficiency in ERP systems (SAP, Oracle, Tally, etc.), attention to detail, and effective communication skills across departments.

  • Purchase Accounting & Controls:
    • Verify and process purchase transactions and vendor invoices accurately.
    • E nsure compliance with purchase order terms, GST input credit rules, and payment terms.
    • Coordinate with the procurement team to reconcile GRNs, POs, and invoices effectively.
  • Vouching and Internal Checks:
    • Perform detailed vouching of accounting entries, including purchases, expenses, and fixed assets thoroughly.
    • E nsure appropriate supporting documents (invoices, approvals, contracts) are in place.
    • Identify anomalies, errors, or fraudulent transactions and flag them for corrective action promptly.
  • Audit Support (Internal & Statutory):
    • Prepare and maintain audit schedules and reconciliations related to purchase and cost accounts efficiently.
    • Support internal and external auditors with required documentation and clarifications.
    • Implement audit recommendations and strengthen internal controls accordingly.
  • Cost Center Accounting:
    • Allocate expenses to correct cost centers in accordance with company policies.
    • Monitor cost center budgets vs actuals and report variances.
    • Assist in financial reporting by preparing cost center-wise P&L statements.

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