Requirement of Accounts Payable – Leading Paint Industries – Mumbai

4 - 8 Years
Mumbai

Job Description

Company: Paint Industry
Designation: Deputy Manager (Accounts Payable)
Qualification: Qualified CA - Full Time(Mandatory)
Location: Mumbai
Job Profile:
Accounts Payable Management
- Ensure all the invoices are paid as per due date and ensuring recovery of Debit Notes & Credit Notes
- Daily review & ensure expenses are accounted through PO & should be accompanied with valid agreement, contract or quotation
- Follow up with the group company Purchase for closure of old line Items within the agreed timelines
- Vendor Reconciliation and confirmation
- Maintain Payment efficiency index
- Support Audit and finance team for data requirement and data analytics.
- Budget V/s Actual Analysis , Expense Variance analysis.
- Accounts Review and Analysis. Prepare and Highlight the key open items and ensure the follow-up and closing on the same. Update the action status on weekly basis.
- Budget V/s Actual Analysis , Expense Variance analysis.
- Review of Employee Claims and GR IR Clearing Account


Monitor and Control the Capex Projects -

- Preparation of ACT/Capex Budget
- Validation of Financial Justification
- Capex Approval Documentation
- Tracking Budget Vs Actual (BVA)
- Monthly Cash flow forecast for capital investments.
- Follow up with project owner for timely closure of project.


Accounting of Fixed Asset & Lease asset - Correctness of FAR in term of rate, classification of fixed assets

- Tracker for Open Pos and GRN
- Timely closure of Open Pos and GRN
- Process advance against support documents (Like ABG, Performa Invoice and Advance receipt voucher)
- Proper retention against Invoice as per commercial term.
- Tracker for ABG & PBG.
- Control on Capex accounting
- Movement of CWIP
- Creation of Asset in System with valid details and classification
- Monthly depreciation run
- Correctness of Fixed Asset register
- Monitor CWIP report
- Monthly Report on addition and deletion of Assets.
- Deletion with proper supporting documents (Like Board Approval, CFO approvals)
- Transfer of asset with proper justification / approvals
- Quarterly Capital transaction report to PPG.
- Submission of India Capex report.
- Preparation of FAR as per USGAAP
- Yearly asset confirmation
- Verification of lease agreements as per actual purchase.
- Timely payment for Quarterly Lease.
- Timely submission of Lease schedules.
- Timely payment for Interim Lease and Buy back of Asset.

Preparation of Monthly Management Control Statement and upload
- Preparation of Monthly MCS for subsidiary
- Preparation of HFM file for subsidiary
- Upload HFM file as per PPG guideline (3rd Work Day of Every Month).
- Preparation of MSC with USGAAP

Coverage of 100% Insurance to protect companys Stock and Assets
- Monitor through reports for stock value should covered under stock policy.
- Addition of Sum insured for Fixed asset and stock.
- Timely renewal of Insurance policies of company for PPGAP and Revocoat.
- Review of Marine Insurance claim and its settlement.



Salary: INR 11,00,000 - 13,00,000 PA.

Industry:FMCG / Foods / Beverage

Functional Area:Accounts, Finance, Tax, Company Secretary, Audit

Role Category:Accounts

Role:Accounts Manager

Keyskills

Desired Candidate Profile

Please refer to the Job description above

Education-

PG:CA

Doctorate:Doctorate Not Required

Company Profile

Ace Recruitment and Placment Consultants Pvt Ltd

Manpower consultancy Firm
View Contact Details+

Recruiter Name:Mr. Vikash Joshi

Contact Company:Ace Recruitment and Placment Consultants Pvt Ltd