Team Member

**Division**:

- Finance**Department**:

- Corporate Finance**Sub Department 1**:

- Finance Shared Services**Job Purpose**:
Manage business service delivery in Areas of Trade Payables & Receivables in compliant manner and ensure accurate and timely accounting of the transactions which aid in meeting the book keeping and financial objective of the organisation. Focus on Controls, Compliance and reporting as per internal policies and statutory and legal requirements.

**Key Accountabilities (1/6)**:
**Compile, analyse, report and provide insights for various Balance Sheet and P&L accounts**
- Compile and prepare reconciliation of balance sheet and P&L accounts.
- Source comments from relevant departments to detail reconciliation open items.
- Conduct cross functional and cross departmental meetings to review the specific balances and reconciliations.
- Identify and track action items to be actioned upon various department and groups. Also specific actions to be taken up by controlling team for closure.
- Closing and reporting 'œ Monthly, quatertly, annual monthend activities of prepration, verification and review of provision entries (as applicable)

**Key Accountabilities (2/6)**:
**Compliance**
- Execute AND/OR Track & Monitor compliance requirements
- Domestic

TDS, GST, EDPMS, IDPMS, IFRS, IND AS
- Foreign

US GAAP, UK GAAP, Local applicable statutory reporting and compliance requirements, VAT Domestic and Foreign compliances as applicable

**Key Accountabilities (3/6)**:
**Controls**
- Validate and maintain system based controls
- Identify control gaps, define and execute implementation of additional controls preferably system based controls or manual controls.
- Ensure financial risk, compliance risk and accuracy of reported numbers are mitigated.

**Key Accountabilities (4/6)**:
**Effective Business Partnering **to achieve business service level agreements with various stake holders**
- Engagement with key stake holders to make process more effective, identifying conflicts and resolution for the same.
- Report out to stakeholders on Business Service level agreements Service level Agreement performances.
- Work towards partnership and aid in beneficial business outcomes

**Key Accountabilities (5/6)**:
**Key Accountabilities (6/6)**:
**Major Challenges**:
Cross Function Dependency 'œ
- Preparing and sourcing comments for reconciliation of GL accounts
- Dependency on Business finance & business development for outstanding invoices, advances, credit notes and debit notes (Export customers)
- Dependency on Procurement/ Stores for Po Related Issues & Material receipt Issues. Which delay the accounting of the invoices and lead to payment delay and risk to compliance requirements, specifically on exports and imports.
- Advances ageing and control at operations level as well as vendor/customer level.
- Outsourced partner service delivery deviations.

SAP Related challenges
- Request of customised reports for Business Reporting is shared with SAP FICO team with detailed explanations and required output.
- Regular interaction with SAP TEAM to know the status and time line for the completion.

**Key Interactions (1/2)**:

- Procurement 'œ To resolve Po & Supply related specific and general issues
- Import Logistics 'œ For import related matters (Invoices, custom duty) - on daily basis
- Export Logistics 'œ Documents for lodgement
- SAP IT (FICO & MM-SD) 'œ as per requirement 'œ for SAP related issues
- Business Finance & Business Development 'œ On regular basis 'œ Accounts Receivable related matters
- Corporate Accounts 'œ on regular basis - Month end and other accounting activity
- Manufacturing Finance / Stores 'œ on regular basis - For GRIR review
- Legal 'œ Monthly - Compliance related issues
- Tax - as per requirement - Audit and excise related activity

**Key Interactions (2/2)**:

- Vendor
- Billing & Document issues with refer to supplies. Adequate and compulsory documents related to purchases.s
- Banks 'œ As required for export/import related compliance affected by TAT
- Customers (Domestic & Foreign) 'œ As per requirement 'œ For collection issues & reconciliation
- Vendors - As per requirement 'œ For payment issues & reconciliation
- Auditors - As per requirement 'œ For Audit purpose

**Dimensions (1/2)**:

- No. of Subsidiaries/Associates held directly and indirectly 'œ Total 49 (Indian 'œ 11, Overseas 38)
- Turnover and Profit 'œ Above ~'šÂ¹20K crores and EBIT ~'šÂ¹3.5 crores
- On roll employee count 'œ About 21000
- Financials to consolidate and coordinate for audit 'œ more than 50 financial statement
- GLâ„¢s ~300 across payables, receivables and expense being reviewed

**Dimensions (2/2)**:
**Key Decisions (1/2)**:
Provisions and accounting entries

Accounting policies, processes

**Key Decisions (2/2)**:
Identification of write off write backs based on reviews and co-ordinate with cross functional teams for alignment and approvals.

Identify control gaps and propos