Executive- MIS, Audit Support & Tax Compliance

Job Description

* Job Title: Executive MIS , Audit Support and Tax complianceBusiness Unit: Global Business Shared ServicesDomain: Accounts PayableLocation:Kurla MumbaiDepartment; Group: Shared ServicesLast updated on:7 th Dec 2020Degree of Travel required to:NegligiblePurpose of JobThrough a phased approach, the Global Business Shared Services (GBSS) Center now delivers many of the F&A, Supply Chain & HRO services across different businesses within the Piramal Group. Our strategic intent is to evolve Shared Services as a service provider that provides support across all elements of the F&A, Supply Chain Operations & Control & HRO frame work, focusing on providing value through initiatives on standardization, consolidation, automation support and leveraging best in class available tools / techniques forming an enabler to support scalability of the function.The Executive would be expected to ensure adherence to global policies & shared services operating procedures, work towards lowering the cost per transaction, while achieving defined service quality levels. This role is responsible for monitoring SLA s and KPI s as agreed upon by the business, providing root-cause analysis and risk mitigation action plans where gaps may arise.Key stakeholdersExternalInternal- Vendor s Accounts Receivables & Sales/BD team- Bankers- Statutory Auditors- Direct and Indirect tax team- Business & Corporate Finance team- Internal Audit team- Site Finance team- Site / Corporate Supply Chain teamReporting structureRole directly reports toPositions that report into this roleManager Payments and MISNoneEssential QualificationsCA / ICWA with finance related qualificationEssential Skills & ExperienceRelevant post qualification work-experience of 2-3 years mainly in Shared Services environment- Good understanding about Indian Taxation and accounting standards- Should be well versed in month end reporting and mid-month activities.- Should have Innovation mindset with eye of detail- Good interpersonal and communication skills- Proficiency in Excel ( must to have)and PPT- SAP or other ERP knowledge (preferable)- Ability to communicate effectively with coworkers, managers, technical staff, and others from different cultures/ levels both internal and external to the firm- Should have has the experience of working in high performance organizations & should demonstrate customer centric mindset & behavior.- Self-motivated and proactive with ability to work with minimal supervision- Ability to manage multiple and shifting priorities in a dynamic environment and to meet tight and various deadlines- Results driven, detail orientated, and hardworkingJob ConditionsProfessional support, Continuous process improvement & seamless service delivery to business.Key Roles/Responsibilities:

• Preparation of monthly TDS payment proposals and ensure timely payments
• Timely preparation of TDS Returns and communication of TDS certificates to vendors. Resolve vendors query related to TDS
• Guide the Invoice Processing team and Verify expense invoices for TDS, GST and Prepaid amortization compliance.
• Run monthly reports on GST compliance and guide team on GST correction
• Preparation P&L Schedules , Balance Sheet schedules , P&L Variances , Balance Sheet Variances, Notes to accounts Reconciliation of Creditors on monthly basis
• Take ownership of the quarterly and year end provision. Track month on month status of earlier year provisions
• Support manager in Internal and statutory audits. Responding to any queries related to payables / Audit query resolutions (Statutory/Internal).
• Provide required papers/documents to the internal audit and to assist for finalization of Profit & Loss a/c & Balance sheet.
• To prepare & update the Audit schedules on a monthly basis.
• To ensure generation of accurate Creditors, GR/IR and advance aging report on a monthly basis
• Periodic Vendor Account Reconciliations and monthly ledger to sub-ledger reconciliations
• Understand recent changes in the direct and indirect tax rules and accordingly put system as well as manual control for better compliance.
• Guide Invoice Processing team on right accounting practice, rectification JVs
• Maintain the earlier reports / summary in central virtual repository for quick and easy retrival

, *CA / ICWA with finance related qualificationRelevant post qualification work-experience of 2-3 years mainly in Shared Services environment- Good understanding about Indian Taxation and accounting standards- Should be well versed in month end reporting and mid-month activities.- Should have Innovation mindset with eye of detail- Good interpersonal and communication skills- Proficiency in Excel ( must to have)and PPT- SAP or other ERP knowledge (preferable)- Ability to communicate effectively with coworkers, managers, technical staff, and others from different cultures/ levels both internal and external to the firm- Should have has the experience of working in high performance organizations & should demonstrate customer centric mindset & behavior.- Self-motivated and proactive with ability to work with minimal supervision- Ability to manage multiple and shifting priorities in a dynamic environment and to meet tight and various deadlines- Results driven, detail orientated, and hardworking

Keyskills :
month end reportingsupply chain operationssupply chainbalance sheetinternal auditrisk mitigationmonthly reportsindian taxationservice deliverycorporate financeinvoice processingaccounts receivable