Chartered Accountant - Accounts Payable - FMCG

Accounts Payable Management

Key Responsibilities:

1. Invoice Processing: Handle queries from internal users and coordinate with the Shared Service Center (SSC) to resolve issues, ensuring timely and accurate payments.

2. Vendor Reconciliation: Reconcile vendor accounts and confirm balances.

3. Payment Efficiency: Maintain high levels of payment efficiency. This also includes scrutiny of vendor balance, and coordination with the various functions including of plant accounts team.

4. Financial Support: Provide necessary data and analysis to support audit and finance teams.

5. Employee Claims: Review employee reimbursement claims.

- Capex Project Management

Key Responsibilities:

1. Budget Review: Review ACT/Capex budgets to ensure alignment with business objectives.

2. Financial Justification: Validate financial justifications for Capex projects.

3. Approval Documentation: Ensure all necessary Capex approval documentation is in place.

4. Budget Tracking: Track budget vs. actual performance (BVA) for Capex projects.

6. Project Closure: Coordinate with project owners to ensure timely project closure.

- Fixed Asset Accounting

- Key Responsibilities: Review with the team

1. Fixed Asset Register (FAR): Ensure the accuracy of the FAR, including rate, classification, and relevant details.

2. Open POs & GRNs: Track and ensure timely closure of open purchase orders (POs) and goods received notes (GRNs).

3. Advance Processing: Process advances based on supporting documents (e.g., ABG, Proforma Invoice, Advance Receipt Voucher).

4. Invoice Retention: Retain invoices as per commercial terms.

5. ABG & PBG Tracking: review of advance bank guarantees (ABGs) and performance bank guarantees (PBGs).

6. Capex Accounting: Manage and control the Capex accounting process.

7. CWIP Movement: Monitor and manage Capital Work in Progress (CWIP) movement.

8. Asset Creation: Ensure accurate creation and classification of assets in the system.

9. Monthly Depreciation: Oversee monthly depreciation calculations.

10. FAR Correctness: Ensure the accuracy of the fixed asset register.

11. CWIP Reporting: Monitor and review the CWIP report.

12. Asset Additions & Deletions: review monthly reports on asset additions and deletions.

13. Asset Deletion: Ensure proper supporting documentation (e.g., CEO/CFO approvals) for asset disposals.

14. Asset Transfers: Oversee asset transfers, ensuring proper justification and approvals.

15. Quarterly Reports: Prepare quarterly capital transaction reports for PPG.

16. FAR Preparation (USGAAP): Review and ensure FAR is prepared as per USGAAP.

17. Yearly Asset Confirmation: Conduct yearly asset confirmation exercises.