Finance Executive

Job Summary:

As Finance Executive you will be responsible for the complete accounting and reconciliation of all transactions with domestic and foreign intercompany this role you will be responsible for raising Interco invoices / credit notes recording of collection entries circulation of statement of accounts (SOA) to Interco entities reconciliation of Interco balances follow up with Interco entities for aged outstanding dues resolving Interco queries performing TDS reconciliation with 26AS assessing GST applicability on diverse nature of transactions. You will have the opportunity to work on diverse tasks including collaborating with cross functions and business unit. Further you will also be responsible for preparing balance sheet and P&L schedules on a monthly basis audit support and co-ordination with the internal / external auditors ensuring compliance with FEMA regulations.

In This Role Your Responsibilities Will Be:

1. Preparing the working file with the listing of Interco entities for raising of workstation and salary backcharge invoices.

2. Raising invoices in Oracle AR module and recording of manual journal entries.

3. Assessing GST applicability on diverse nature of transactions

4. Addressing and resolving the queries received from Interco entities regarding the cost allocation/backcharge

5. Performing TDS reconciliation with 26AS on a quarterly basis and collaborating with Interco entities for discrepancies identified during the recon.

6. Ensuring timely and accurate receipt application in Oracle.

7. Handling requests received from Admin HR and other teams for new backcharge (as well as discontinuation of existing backcharge) and incorporating the same in working file.

8. Sending reminders and following up for payment with the Interco entities for invoices which remain overdue for more than 90 days

9. Post month-end AR module closure preparing and circulating statement of accounts (SOA) to all Interco entities.

10. Post month-end AR revaluation recording of allocation entry to transfer all Interco AR balances from common BU to dedicated BU.

11. Reviewing the imbalance report received after HFM upload and ensuring that such imbalances are rectified and accounted for in the subsequent period.

12. Analysing and subsequent invoicing of all cost accumulated in AR recharge suspense GL.

13. For statutory audit prepare Interco AR balance confirmations follow up with Interco entities for responses on audit confirmations and perform reconciliation of confirmation received

14. Preparation of balance sheet and P&L schedule on monthy basis and uploading on E-rec portal

15. Assess the invoices which are expected to breach the FEMA timelines and escalate the issue to finance leaders of Interco entities to avoid FEMA non-compliance.

Who You Are:

1. You accurately track and raise all the invoices on a monthly basis.

2. You ensure timely recording and application of receipt entries.

3. You coordinate with Interco entities for invoice specific issues and follow-up with entities for aged dues.

4. You effectively coordinate with auditors for timely completion of audit with minimum audit observations.

5. You should be able to bring in efficiency in the entire process by automating routine/manual transactions.

For This Role You Will Need:

1. Masters / bachelors degree in commerce with min 4-8 years of experience in Transaction processing and AR reconciliation.

2. Knowledge of accounting - Invoice Credit note Debit note and recording of journal entries in Oracle.

3. Working knowledge of GST and Income tax TDS

4. Advance Excel Skills

5. Strong and effective Communication skills

6. Experience in handling audit-related activities co-ordination and resolution of queries

7. Ability to handle large volumes of data

8. Working Knowledge of Oracle ERP platform

9. Ability to work with diverse multi-regional teams and global teams spread across different geographies.

Key relationships:

1. Admin & HR Team

Collaborate with Admin and HR team for backcharge of employees & other costs to various Interco entities.

1. Interco team:

Follow up for aged outstanding dues. Initiate discussion for the queries raised by Interco team and provide quick resolution.

1. Internal / External auditors:

Co-ordinate with auditor ensure quick resolution of queries perform root-cause analysis for audit observations and propose process / control enhancements as part of audit resolution.

Our Culture & Commitment to You

At Emerson we prioritize a workplace where every employee is valued respected and empowered to grow. We foster an environment that encourages innovation collaboration and diverse perspectives - because we know that great ideas come from great teams. Our commitment to ongoing career development and growing an inclusive culture ensures you have the support to thrive. Whether through mentorship training or leadership opportunities we invest in your success so you can make a lasting impact. We believe diverse teams working together are key to driving growth and delivering business results.

We recognize the importance of employee wellbeing. We prioritize providing competitive benefits plans a variety of medical insurance plans Employee Assistance Program employee resource groups recognition and much more. Our culture offers flexible time off plans including paid parental leave (maternal and paternal) vacation and holiday leave.