ZF is a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology.
With its comprehensive product portfolio, the company offers integrated solutions for established vehicle manufacturers, mobility providers and startup companies in the fields of transportation and mobility. Digital networking and automation are focal points of ZF system development as it transitions to becoming a software- and cloud-based company. ZF allows vehicles to see, think and act.
The Consolidated ZF Group is represented with 188 production locations in 31 countries as well as 18 main development locations in eight countries. In 2021, ZF achieved sales of €38.3 billion with approximately 157,500 employees worldwide. The company spent eight percent of its sales on research and development in 2021.
VACANCY DETAILS :-
POST NAME - Executive Finance (P2P) Accounts Payable
QUALIFICATION - B.Com/M.Com
PREFERRED QUALIFICATION - CA Inter/CMA Inter/CA/CMA/CFA
EXPERIENCE - 3 To 5 Years
LOCATION - Chennai
JOB DESCRIPTION :-
- Very well versed with basic P2P concepts, esp with respect to SAP
- Domestic /Import Vendor Invoice verification – 3 way and 2 way matches
- Domestic & Import Vendor Bill Bookings
- Sound Knowledge in LC Documentation
- Procedures related to disbursements in Foreign Currency
- Checking the bills to avoid duplicate payment
- Payment Proposal Run & disbursement – Domestic & Imports
- Maintenance of Error Log file
- Regular reconciliation of Vendor Accounts & getting the balance confirmed by the vendors concerned
- Creates Standard Operating Procedures wherever required
- 100% adherence to SOX compliance
- Protects organization's value by keeping information confidential
- Generic Mail Box Management – managing the emails received from multiple entities, allocating the same to team members, keeping a track of the requests to ensure timely replies have gone to all the requestors
- Documentation of the process (SOP) and revisiting the same for updating any changes, on periodical basis
- Compliance to Indian accounting policies and corporate policies.
- Analysis, Scrutiny and compliance to vendor contracts
- Analysis and review of accruals towards expenses (without GRN).
- Review of related party transactions and monitoring the Interco agreements
- Liaise with banks for processing the payments with adequate controls.
- Ensure compliance to import payment and documentation requirements with banks/DGFT.
- Achieve DPO and cash flow targets
- Review of supplier loans and advances
- Ensure compliance to TDS deduction and MSME regulations
- Effective MIS to identify and induce actions with regard to any deviations.
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