Manager Finance

Abbott


Date: 3 weeks ago
City: Mumbai, Maharashtra
Contract type: Full time
Fixed Asset Accounting and Control

  • Handle end-to-end fixed asset lifecycle, including acquisitions, capitalization, depreciation, impairment and disposals.
  • Conduct Physical verification of Fixed Assets.
  • Maintaining Fixed asset registers and reconciling with SAP system
  • Capital Expenditure Analysis in coordination with business teams.
  • Exercise Control on movement of assets and Accounting.
  • Preparation of FAR for Statutory Reporting and establishing reconciliation between India & US books.
  • Implementing Management Action Plans to remediate the audit observations, if any.

Inventory Accounting & Control

  • Inventory Movement
  • Ensure Physical Verification of Inventory
  • Purchase Register – Invoice Reconciliation with FI
  • Inventory Reconciliation, Qty Movement & FIFO Valuation for local reporting
  • Preparation of Purchase Register at Landed Cost
  • Custom Duty, CHA & Freight Reconciliation
  • Custom Duty Deferment & Schedule preparation
  • Coordination with Customer Service & Distribution Center (Belgium, US & Malaysia)

Intercompany Accounting & Review

  • ICB processing in CORA, accounting of Intercompany Transactions ensuring compliance with local tax laws, company policies
  • Raising quarterly ICB of CRM R&D & GDSA divisions, monthly ICB of HK warranty
  • Co-ordinate with Affiliates for ICB acceptance, getting compliance documents
  • Payout of ICBs Payable (including import transactions), also following up with affiliate for collection of ICBs receivable.
  • Ensuring Intercompany balance matches with affiliate balances at each month-end on WD2, addressing differences if any in a timely manner.
  • Preparing Intercompany Schedules, review & clean-up of old balances in co-ordination with respective affiliates.
  • Identifying scope for Cost recovery of expenses incurred to support corporate teams, execution of ICB agreements, set-up accounting process
  • Ensuring annual write-off of Cross charges in SAP for each financial year by April month.

Month End Activities & Audit

  • Support preparation of Notes to Accounts for FA, Inventory & Related Party Reporting.
  • Monthly reconciliation of Intercompany Mark-up & correction of differences
  • Foreign Currency Revaluation for 0L & N2 (post completion of IC accounting & matching of Intercompany balances)
  • Support TB review at Month end & BS Split Project
  • Expense Analysis – Preparation of schedules
  • Support BS Review & Reconciliation
  • Support completion of all audits & assessments.

Experience : CA with 7+ years of experience, must have knowledge of SAP ERP, fluent in English and good at Presentation skills.

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