Vacancy For Graduate As Officer Accounts In Asian Paints Ltd| Mumbai

OFFICER I - ACCOUNTS OFF-Asi-HEA-2020-06-01-0434

OFFICER I - ACCOUNTS, Asian Paints Limited (APL), 1

Company

Asian Paints Limited (APL)

Vertical

Corporate Finance (CFIN)

Job Description

1 Internal HR Document-Strictly Asian Paints Confidential

Role Identifier

Job Title Accounts Officer – I Department Accounts

Reporting to Executive - Accounts Grade Officer – I

Jobs Reporting Into NIL Location/Unit Mumbai, Corporate Office

Role Description

Job Purpose

Accounting and monitoring of Intercompany transactions, accounting of investments and GL scrutiny.

Providing details for statutory audit by coordinating with plants/sales locations/RDCs etc.

Primary Responsibilities

Business Responsibility Areas

(Please detail out at least 8-10 responsibility areas)

Key Performance Indicators

1. Recovery from Group Companies

- Ensuring timely and accurate recovery of various expenses from

International Subsidiaries

- Monitoring Related party transactions and ensuring that they are within

the overall limits as approved by the Board

- Ensure timely collection of charges raised

- Reporting approval vs actuals on a monthly basis

- Intercompany reconciliation

- Work with IT in building the IT controls for complying with the provisions

of Companies Act / Listing Agreement w.r.t. RPT

2. Investment Accounting

- Accounting of investments done, redemption of investments and

dividend received on the investments done by the Company.

- Obtaining periodical confirmation from the Mutual Fund agencies and

reconciling them with the books of accounts.

3. GL Scrutiny and reconciliation

a. Periodical review of the GLs that are assigned to validate the reasons

for variation in the GL balances, completeness of transactions posted

and accuracy of monthly provisions etc.

b. Ensure accounting hygiene of the GLs assigned through proper and

timely reconciliation and clearing of open items.

4. Statutory Audit

- Timeliness of recovery

- All transactions being

within the limits approved

- Timely receipt of

collections

- Timely accounting

- Accuracy of data

preparation and reporting

- Timely reconciliation and

- Accuracy of work done.

- Effective Co-ordinator

2 Internal HR Document-Strictly Asian Paints Confidential

To co-ordinate with Statutory Auditors and plants/sales locations/ other

functions and provide necessary details for statutory audit.

- Timely circulation of

details and ensuring

accuracy of the same.

Scope of Work

a) Financial Scope (Range of

financial spend): · NIL

b) People Management Scope

(Range of no. of Direct/ Indirect

Reports):

· NIL

c) Geography Coverage (Countrywide/

State-wide / Area-wide) · Entire country

d) Corporate Coverage

(Company-wide / Business Unit

or Function-wide / Sub-functionwide

/ Other):

· Company Wide

Key Interactions

Internal · All locations (sales and manufacturing), Internal Audit, Corporate Finance, IT

External · Statutory auditors, Group Companies etc

Functional Competencies

· Good conceptual clarity on accounting logics

· Good communication skills

· MS-Office usage skills

Behavioral Competencies · Should be a team player and should have a positive attitude towards the company and towards work

Additional Requirements · Managing effective relationships

Minimum Education

Graduate

Experience

0.00 to 3.00 years