Ensure that statutory reporting is completed in compliant manner and on timely basis
Ensuring efficiency in day to day operations in Payables
Ensure compliance with FEMA regulations for foreign payments
Country level Insurance Gatekeeper
Main Tasks
Payable Monitoring
Partner with Local bankers, procurement leads, supply chain leads and Malaysia team to run an efficient payable operations
Monitor payables KPI & constantly find out improvement areas and drive the same with Malaysia team and local end users
To lead the implementation of new global & regional processes / initiatives in payables area with active coordination with local end users
Ensuring FEMA, RBI, and MSME compliances
Support GST team to enable them in taking maximum GST credits. Co-ordinate between GST and Malaysia team to rectify invoice posting errors if any
Insurance
Compliance with group guidelines in terms of insurance
Co-ordinating with insurance advisors & business units
Ensuring optimal insurance coverage with cost benefit analysis
Liaise with regional and global insurance team
To ensure the changes in local laws impacting insurance are adhered to.
Changes in business model to be aligned with Insurance policies
Support to Local BU's/FU's in day-to-day issues/ queries
Liaise with Statutory Auditors on quarterly basis for local & yearly basis for group+ local audits in all above areas
Financial Reporting
Handle financial reporting for BASF group company including GL Monitoring, Audit (including liaison with Deloitte), MIS and Group Reporting support to HUB
Ensure completion of cost audit in coordination with HUB team in timely manner
Ensure completion of FRC / IFC
Job Skills
Analytical
Good at SAP
Up-to-date and Expert know-how of Indian and IFRS accounting standards and local regulations (e.g, Companies Act)
Job Requirements
Chartered Accountant
5 years+ (experience with MNC & /or Big 4 audit firms is a must)
Working knowledge in SAP
Hands on experience in handling foreign payments under FEMA
Good knowledge of end-to-end P2P processes
Up-to-date and Expert know-how of Indian and IFRS accounting standards and local regulations
Proficient with MS Office
Fluent in English with strong communication and interpersonal skill