Executive | FA

Larsen & Toubro was founded in 1+38 in Bombay (now Mumbai) by two Danish engineers, Henning Holck-Larsen (1+07 – 2003) and Soren Kristian Toubro (1+06 – 1+82) who landed on Indian shores representing FL Smidth & Co A/S, Copenhagen, Denmark. The respect, trust and confidence in each other was so great that initially the business was founded merely on an oral understanding; no written document was filed, and it was only in end-1+40 that they finally inked their partnership.

L&T Construction is a division of Larsen & Toubro (L&T) a major Indian technology, engineering, construction, manufacturing and financial services conglomerate, with global operations. L&T addresses critical needs in key sectors - Hydrocarbon, Infrastructure, Power, Process Industries and Defence - for customers in over 30 countries around the world. L&T is engaged in core high impact sectors of the economy and our integrated capabilities span the entire spectrum of 'design to deliver'. With over 8 decades of a strong, customer focused approach and a continuous quest for world-class quality, we have unmatched expertise across Technology, Engineering, Construction, Infrastructure Projects and Manufacturing.

Job Description/ Roles & Responsibilities:

Processing vendor payout activity, process improvements, handling Domestic and import AP process, MIS reports, Monitoring vendor advances, records maintaining, accounting standards banking operations and monitoring regular SSC- Operations.

Primary responsibilities:

1. AP vendor payout activity and associated reconciliations

2. Coordinating with the business users, F&A and IT teams

3. Identify and implement process improvements

4. Coordinate with the Internal & External Auditors & ensured no Audit Observations

5. Supplier & Sub-contractor bills verification, accounting & payments

6. Ledger reviews & reconciliation

7. Bank Reconciliation, co-ordination.

8. BG verification process

+. Responding to vendor queries / Business team

10. Income Tax TDS deduction & return filing

11. Statutory payments like PF, ESI, GST, Customs duty etc.

Domestic & Foreign Supply/Service Bills:

Document verification with purchase order terms, GRN/SRN and Vendor Invoice
Ensure Internal control & statutory compliance
Preparing payment Documents for remittance - as per respective bank's requirements. & formats.
Submission of approved requests to banks and getting the payments done.
Maintaining records..
Reporting:

MIS reports related to vendor bill processing.
Monitoring regular SSC- Operations
Co coordinating with audit team & providing evidences with explanations for ICFR Requirements.
Monthly Review of Open advances & vendor debit balances & getting details from project teams.
Secondary: Process improvements, digitization projects and automation.