Our Client is the world's largest FMCG brand manufacturer and exporter with a legacy spanning over 120 years.They are India's first integrated company with a comprehensive product chain. Our client is a billion dollar top line company holding 45% market share in India and 50% share in export market.
- Presenting the monthly and quarterly financial reports of various oversees distributors
- Checking International Trade Marketing expenses inline of approval provided
- Preparing and checking Quarterly TME approval to be provided to distributors
- Creating Analysis report on budgeted expenditure and actual expenditure of TME
- Maintaining dialogues and working relationship with overseas distributors
- Managing receipts & vendor payments for exports receivables (AR)
- Implementing a Business Intelligence tool and dashboard reports
- Supporting management team and the Heads of Department with data-driven analysis
- Supporting legal team from commercial side on international commercial disputes.
- Evaluating and advicing on the Letters of credit
- Ensuring Timely and Accurate MIS, AR/ AP, variance analysis and various other periodical reports to Management and overseas distributors.
What you need to have:
- CA;ICWA(CMA);MBA / PGDM
- Preferably from FMCG Export and Manufacturing companies
- Experience of Financial Control Mechanisms
- Significant analytical skillset, including the utilization of BI and reporting tools
- Strong Quantative abilities, advanced excel skills, including writing macros in Excel and other
- Experience with Global Financial Planning & Analysis and Audit
- Adaptive, willing and able to work with different time zones to get the work completed
About Global FMCG Co
Similar jobs
Please apply at this link - https://loginext.hire.trakstar.com/jobs/fk0q2xl?source=" target="_blank">https://loginext.hire.trakstar.com/jobs/fk0q2xl?source=
LogiNext is looking for a dynamic and competent professional to manage the efficient execution of accounting services. The work at LogiNext is very fast paced, agile, and hence, you must be able to multitask to deal smoothly with competing levels of priority.
Responsibilities
Responsible for quarterly GAAP and IFRS accounting oversight and financial reporting. Liaise with external auditors to facilitate the timely completion of audited financial statements. - Having experience in Asset Management, Risk Management, Valuations, Tax, Legal, Compliance, Product Management, Middle Office, and Treasury. AP and AR management, ensure timely processing of the invoices and thus timely payments. Invoice clarification including interaction with purchasers, requisitions and/ or vendors and ensuring 100% accuracy of invoices processed. Raising proper queries to business in case of any issues in invoices processing & resolving the issues. Maintain and reconcile Accounts Payable and GR/ IR accounts. Understand and apply procure to pay processes, policies, procedures and internal control standards Support all internal and external audits.
Requirements
Bachelor’s degree in finance, commerce and CA with 1 - 2 years of experience 4 to 6 years of relevant experience in Accountancy administration Proficiency in Microsoft Office, Zoho Books, Oracle or similar accounting software Proficiency in statutory and tax filings including GST, TDS, PF, PT, MLWF, ESIC, sales tax, income tax and related reconciliations Experience of accounting standards Indian GAAP and US GAAP Experience in preparing management reporting (MIS), company vauations, stock option agreements and related computations Experience of secreterial filings with regularory authorities like RoC in India, RBI in India and SEC in the US Should have multitasking ability and ability to meet the targeted deadlines Strong numerical aptitude and attention to detail Excellent communication skills, both verbal and written Good time management and organizational skills
The responsibilities would include, but not be limited to, the following:
Financial Reporting: You will be providing timely and accurate financial reporting to management together with strategic insights on the company s financial position.
Accounting Systems and Processes - Understanding requirements, identifying, evaluating and implementing the most suitable accounting system/ tools needed to support the accounting needs of the organization
Implementing best in class accounting practices and Internal Control procedures considering:
- Accounts Payables - Purchase to Procurement Cycle & Policies, SOPs and SLAs
- Accounts Receivables - Billing Processes and Systems to raise timely invoices and perform ageing analysis
- Revenue and Cash Reconciliations and suggesting and implementing SOPs and SLAs
Financial Closure - Ensure timely and accurate monthly closures. Consistent analyzing of financial data and presenting financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress, changes and keep senior leadership abreast of the financial status;
Audit - Ensure timely year end financial closures – Statutory, Tax and IFC. Handle end to end audit process and ensure timely completion of audits
Compliances and knowledge - Understand the applicability and ensure compliance with all the relevant statutes impacting the company. Keep abreast with all regulations impacting the companies accounting, compliance and reporting requirements as well as those impacting the company’s operations. Understanding of Income Tax, GST, imports and exports, FDI Regulation, Companies Act, and other tax regulations
Automation - Identify and implement processes to automate all routine repetitive tasks.
Assisting leadership in the annual budgeting and planning process; administering and reviewing all financial plans and comparing to actual results with a view to identifying, explaining and correcting variances as appropriate;
Leveraging strengths of the finance team members; providing clarity on the roles and responsibilities; developing and implementing training programmes to maximize and help them reach optimal individual and organizational goals;
Key Responsibilities:
• Manage the day-to-day accounting operations of the e-commerce business, including accounts payable and receivable, general ledger entries, bank reconciliations, and payroll processing
• Ensure timely and accurate recording of financial transactions in accordance with accounting principles and regulations
• Perform monthly and year-end closing procedures, including preparing financial statements and reports, such as profit and loss statements and balance sheets
• Reconcile financial discrepancies by collecting and analysing account information
• Work closely with the e-commerce team to provide financial insights and analysis for decision-making
• Develop and implement financial controls to ensure compliance with company policies and procedures
• Manage tax filings, including sales tax, use tax, and income tax
• Assist with budgeting and forecasting processes, as well as financial modelling and analysis
• Collaborate with external auditors to provide necessary documentation and support for audits
• Identify and implement cost-saving initiatives.
Qualifications: • Bachelor's degree in Accounting, Finance or related field
• 3+ years of experience in accounting, preferably in the e-commerce industry
• CPA or CMA certification preferred
• Excellent knowledge of accounting principles and regulations
• Experience with accounting software and e-commerce platforms
• Strong analytical and problem-solving skills
• Ability to work collaboratively with cross-functional teams
• Attention to detail and accuracy
• Excellent communication skills
• Proficient in Microsoft Office and accounting software
Reconciliation:
- Bank Reconciliation: Reconcile the bank statements with the company's cash book to ensure that all transactions are recorded accurately.
- Accounts Receivable Reconciliation: Reconcile the accounts receivable ledger with the general ledger to ensure that all accounts are accurate and up to date.
- Accounts Payable Reconciliation: Reconcile the accounts payable ledger with the general ledger to ensure that all vendor accounts are accurate and up to date.
- Intercompany Reconciliation: Reconcile transactions between different entities within the same company to ensure that all intercompany accounts are accurate and up to date.
- Payroll Reconciliation: Reconcile payroll records with bank statements to ensure that all payroll transactions are recorded accurately.
- General Ledger Reconciliation: Reconcile reconcile the general ledger with subsidiary ledgers to ensure that all accounts are accurate and up to date.
- E-commerce Platforms Reconciliation: Reconcile all the entries of all B2B and B2C e-commerce platforms.
About us:
Company website: https://www.neulife.com/
INNOVERTUS NUTRITION TECHNOLOGIES INDIA PVT.LTD. is part of the Neulife Group, the leading Indian entity in the field of advanced nutraceuticals and dietary supplements.
Incorporated over a decade ago, we are pioneers in introducing the concept of sports nutrition as well as educating the masses about the need to be fit and healthy, thus facilitating and educating an entire generation of fitness enthusiasts.
We are seeking an ambitious and analytical professional to supervise, track and evaluate financial accounting systems. The individual is expected to be detail-oriented, knowledgeable on financial metrics and statistics, and have strong problem-solving skills, and a highly investigative nature.
To ensure success, he should have a deep commercial awareness, strong numeracy skills, and a keen interest in the growth, efficiency, and profitability of an organization. Because they deal with the financial information of an organization, an Accountant work must comply with all applicable governmental laws, rules, and regulations. Candidates with fair communication and report writing skills with superb technical ability can apply for this role.
The key responsibilities include:
- Manage all phases of Accounts Payable and Receivables cycle.
- Prepare regular reports and summaries of accounting activities.
- Verify recorded transactions and report irregularities to management.
- Reviewing all ledger details to validate proper payment and revenue posting.
- Preparing and presenting financial reports for meetings.
- Effectively manage the accounting team through respectful communication, clear expectations, relevant training, productive coaching, regular meetings, and appropriate performance management.
- Recommend and maintain a system of policies and procedures that impose an adequate level of control over Finance Department activities.
- Prepare month-end journal entries and assist with accounts receivable related accounts reconciliation.
- Manage all accounting operations on daily basis including bookkeeping, Invoice preparing, quotations, reconciliation of bank accounts, coordination, completion of annual audits, preparing of financial reports monthly
- Key person to facilitate in Annual Audit Exercise
- Coordinating statutory, Tax audits, Internal Audits and implementing necessary recommendations
- Assist in all import and export logistics activities as and when required
- Report, payment and filing of ESI, PF and PT taxes.
- Handling various matters related to ITR, TDS and GST including reconciliation.
- Facilitate and assist Sales Team and Purchasing on contract terms in accordance with project objectives (Quality, Cost, Timing and Risk)
- Assistance in preparing GST Audit data
Knowledge & Experience required:
- 10+ years of full-time working experience in a Senior Financial role
- Strong leadership skills and good Interpretational skills
- The ideal candidate will have substantial exposure to monthly closing processes, working in high transaction volumes business and taxation experience.
- CA / CA intermediate (minimum)
- Highly experienced in bookkeeping and taxation
- Managed team of at least 3-4 people
- Ability to work under pressure and meet tight deadlines.
- Strong knowledge of Direct & Indirect Taxation.
- Ability to handle overall finance & accounts department.
Benefits:
- Flexible work hours, Work from home and holidays policy
- Open and collaborative work culture
- Competitive salary
Please apply with below details in your resume:
- Current CTC
- Expected CTC
- Earliest joining period (In days)
Accounts Payable
- Excellent knowledge in Invoice Processing & T&E claims and guide the team
- Handle all payment exceptions, including positive pay items, and administers all special handling
- Performs internal duplicate payment reviews daily.
- Reviews all A/P checks subject to escheatment.
- Vendor reconciliation & follow-up with the vendor
- Compliance audits
- Month-end activities of chargeback, accrual, reporting, and analysis
- Performance Reporting, Management, and SLA Adherence
- People Management – Should be able to lead a team of 10 – 15 people
Accounts Receivable
- Monitor daily activities such as Customer Master, Cash Applications, Billing, Dunning, etc.,
- Period / quarterly accounting and analysis: Period P&L and Sales Reporting
- Identify the unallocated/unapplied cash and work with onshore teams in clearing the customer accounts
- KPI/SLA management
- Performance Management and Reporting
General Ledger
- Responsible for service delivery with zero surprises for a particular process e.g. Reconciliation and Journals
- Responsible for driving process standardization and delivery excellence for the process and team
- Responsible for pro-active issue resolution and troubleshooting
- Single point of contact and L1 escalation level
Our client is a unique hygiene products manufacturing and distribution company. They provide easy to use, portable and disposable items for women and babies that are required during travel or on a day-to-day basis.
Founded in 2014, this company aims to enhance the quality of life and make it easier for women across the country. Recommended by best of doctors, their products are available across wellness stores and e-commerce websites, and selling like hotcakes - having sold over 20000 packs in their first year itself.
- Monitoring and analyzing accounting data and producing financial reports or statements
- Managing and overseeing the daily operations of the accounting department including:
- month and end-year process
- accounts payable/ receivable
- cash receipts
- general ledger
- payroll and utilities
- treasury, budgeting
- cash forecasting
- revenue and expenditure variance analysis
- capital assets reconciliations
- trust account statement reconciliations,
- check runs
- fixed asset activity
- debt activity
- Establishing and enforcing proper accounting methods, policies and principles
- Coordinating and completing annual audits
- Providing recommendations
- Improving systems and procedures and initiating corrective actions
- Assigning projects and directing staff to ensure compliance and accuracy
- Meeting financial accounting objectives
- Establishing and maintaining fiscal files and records to document transactions
- Must have working experience on tally ERP.
- Having good knowledge of GST TDS is a must
- Should be able to create and maintain Balance sheet and P&L Accounts
- Must be able to join immediately
What you will do:
- Maintaining day to day books of Accounts and General Ledger Accounting
- Maintaining Bank Reconciliation Statements and Reconciliation of all Debtors & Creditors.
- Managing Payment of TDS & Filing of E-TDS Returns Quarterly, Payment & Filing of any other Statutory Payments (PF, Profession Tax etc.)
- Maintaining cash transactions & petty cash book, day to day cash & bank transactions, online payments (Staff Salary & other expenses)
- Managing vendor accounts, preparation of cheques, online payments
- Handling Debtors collection & follow-up
- Ensuring Finalization of Balance-sheet & P&L Account
What you need to have:
- Must have 2 plus years of experience in Accounts.
- Tool/ Software - Zoho books
- BCom/ MCom/ CA inter can apply
- Should have good written and spoken English.
- Motivated, self-starter individual with high level of integrity, intensity and activity with a can-do attitude.
- Ability to understand work priority and execute them accordingly
- Disciplined process oriented work style with good knowledge of GST, Invoicing and other Indian Accounting standards
Should be CA qualified, or an MBA Finance, similar & relevant qualification, Big4 experience preferred
Work Experience : 3-5 years of relevant experience required.
Salary Range 6-8LPA
Financial Reporting:
•Management Accounting, Reconciliation, Intercompany Reconciliation, accounts payable and receivable
•Ensure that all tax returns, tax declarations, and other required reports are submitted accurately and on time, management of Companies Act Compliances
•Responsible for oversight and providing guidance to core activities such as: fixed asset management, taxation
•Compliance with federal, state, and local legal requirements
•Responsible for preparation of monthly performance decks, sales and other reporting requirements
Hands on QuickBooks, Excel, VBA
Our client is an innovative Fintech company that is revolutionizing the business of short term finance. The company is an online lending startup that is driven by an app-enabled technology platform to solve the funding challenges of SMEs by offering quick-turnaround, paperless business loans without collateral. It counts over 2 million small businesses across 18 cities and towns as its customers. Its founders are IIT and ISB alumni with deep experience in the fin-tech industry, from earlier working with organizations like Axis Bank, Aditya Birla Group, Fractal Analytics, and Housing.com. It has raised funds of Rs. 100 Crore from finance industry stalwarts and is growing by leaps and bounds.
- Ensuring the portfolio growth and quality on Pan-India level for relationships are managed
- Developing new corporate tie-ups Pan India and designing structured finance solutions to suit corporate requirements.
- Maintaining relationships with treasury, purchase and accounts team of the corporate clients to ensure seamless financing of Channel partners
- Working closely with the Tech team to develop systems in order to best serve the corporate clients.
- Managing existing programs to ensure seamless financing of supply chain partners of associated corporates.
Desired Candidate Profile
What you need to have:- The ideal candidate should be MBA (Premier institutes) or CA/ CFA and specialized graduate
- 3-5 years relevant Sales /BD experience BFSI, Supply chain finance, FinTech, or other organizations in building and nurturing mega alliances, partners especially with banks, BFSI, digital alliance.
- Be ok with the start-up (all-hands-on-deck) approach
- Have experience in scaling sales through a resource-lean model
- Good understanding of Financial Products and Credit
- Experience in Supply Chain Finance will give the candidate a strong added advantage