Team Member AP Manufacturing

Aditya Birla Group · Mumbai · onsite · Posted 58d ago

Not disclosedFresherfulltimeSourced from Foundit

About a minute. You'll make an account on the way through.

About this role

Job Description

3) Job Context & Major Challenges:Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section

Internal Challenges:

With five new manufacturing plants boosting production and increasing direct material invoices, precise reconciliation of quantity discrepancies and diligent compliance with evolving GST and TDS regulations are vital to ensure accurate accounting and regulatory adherence.
With the increase in MSME threshold, payments need to be tracked and processed on a daily basis to stay compliant with strict statutory timelines and prepare disclosure statements
Reviewing Advance balances and vendor balances and reviewing payment block so that payment is done on time with more than 1000 documents posted in week.
Volume discount remain challenging due to evolving processes and dependencies on accurate inputs and coordination across department.payment to be released in tight deadline.

Driving timely invoice submission protocols and escalation frameworks to mitigate risks of delayed documentation and statutory non-compliance. The processing team needs to ensure multiple compliances as follows: -

General ledger and Cost centre accuracy
DOA compliance
3 ways matching,
Adjustment of advances, compliance with PO terms including retentions, Liquidated damages, Bank guarantees
Eligible & ineligible GST compliances and ensuring vendor invoices validity.
RCM compliance
TDS compliances
MSME law compliance

Sourced from foundit

Skills

RCM complianceDOA Compliance3 ways matchingAdjustment of advances complianceCost centre accuracyEligible ineligible GST compliancesLiquidated damagesMSME law complianceVendor invoices validitybank guaranteesTDS ComplianceGst Compliance

About Aditya Birla Group

Aditya Birla Group

Metals & Mining

227.5k+

employees

1857

169 years old

Mumbai, Maharashtra

India

About

Aditya Birla Group is a Fortune 500 global conglomerate. The company's businesses have grown into global powerhouses in a wide range of sectors metals, textiles, carbon black, telecom and cement.

Industries

Metals & MiningFinancial ServicesBuilding MaterialRetailTelecomChemicals

Employee ratings

2,383 reviews

4.1/ 5

Culture

3.9

Career growth

3.5

Work-life

4.0

Employees rate it well for

Work Culture191Salary167Senior Management152Work Life Balance146Job Security123

Find them on

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3) Job Context & Major Challenges:Write the specific aspects of the job that provide a challenge (internal and external) to the jobholder in the context of the Business/Unit/Function/Department/Section

Internal Challenges:

With five new manufacturing plants boosting production and increasing direct material invoices, precise reconciliation of quantity discrepancies and diligent compliance with evolving GST and TDS regulations are vital to ensure accurate accounting and regulatory adherence.
With the increase in MSME threshold, payments need to be tracked and processed on a daily basis to stay compliant with strict statutory timelines and prepare disclosure statements
Reviewing Advance balances and vendor balances and reviewing payment block so that payment is done on time with more than 1000 documents posted in week.
Volume discount remain challenging due to evolving processes and dependencies on accurate inputs and coordination across department.payment to be released in tight deadline.

Driving timely invoice submission protocols and escalation frameworks to mitigate risks of delayed documentation and statutory non-compliance. The processing team needs to ensure multiple compliances as follows: -

General ledger and Cost centre accuracy
DOA compliance
3 ways matching,
Adjustment of advances, compliance with PO terms including retentions, Liquidated damages, Bank guarantees
Eligible & ineligible GST compliances and ensuring vendor invoices validity.
RCM compliance
TDS compliances
MSME law compliance