1.) Job Purpose:
1. Controlling vendor invoice processing – GRN/SRN Payable controlling for imports raw material and services for AG, CE & ITC
2. Co-ordinate with other finance colleagues to improve processes and standard procedures.
3. Responsible for Import payments and associated RBI / FEMA compliances
4. Ensuring timely creation of vendor/employee payment cycles


2.) Dimensions:
1. Reporting To: Chief Accounting Officer
2. Position Responsibility:

• Coordination & alignment with Shared service partner & stakeholders (CNH) for efficient & timely payment of invoices.
• Responsible for quality and speedy resolution for Payment queries with internal users and stakeholders
• Co-ordination with senior leadership of CNH.

3.) Detailed JOB RESPONSIBILITIES: -
The position is primarily responsible for following activities:

• Checking compliance of invoice processing and payments related to Imports.
• Monitoring and driving closure of hold cases with relevant stakeholders to make timely payment.
• Monitor and periodically review advances to Vendors (Imports) and drive necessary action to have these settled.
• Monitor and periodical review of aged invoices over 90 days (Imports) and drive resolution for payment.
• Controlling GRIR/ITBR balances (Imports)
• Foreign Service/Cost invoice processing (Imports)
• Inter-company reconciliation review and action on open invoices - Co-ordination with global stakeholders to resolve compliance issues to enable Import payments.
• Import 3rd party supplier account reconciliation & balance confirmation.
• Supplementary price settlement of raw material suppliers.
• IDPMS / ORM Controlling, Review and Closure
• Custom Duty Payment and ECL wallet reconciliation and accounting.
• Support Statutory, Internal and SOX Audits - coordination with auditors and internal stake holders.
• Quarterly and Year end CNH audit schedules
• Coordinate with respective shared service team members to drive SLAs.
• Co-ordination with global stakeholders to resolve compliance issues to enable Import payments.
• Documenting productivity and looking for areas of improvement.
• Driving operational KPI’s.
• Back-up and support other members of the operational fulfillment as and when required.
• Prepare ad-hoc reports as required.
• Regulatory Compliances:

o Support overall regulatory environment by ensuring compliances of relevant assigned tasks in compliance tool.
o Ensure compliance in terms of proper documentation including but not limited service contracts, agreements and record keeping
o FEMA and RBI compliance in relation to import of Goods and Service
o Tax compliance for various forms required in import payments (15CA/15CB/TRC/10F etc.)

• Financial Reporting

o Responsible for timely submission of related information required for closure of accounts
4.) Key Result Areas (KRA) / Measures of Performance (MOP) – Imports and General Payment Cycles

• Lead the timely processing of vendor invoices
• Lead the timely processing of vendor advances
• Lead the tracking of un-paid invoices with aging >90 days
• Lead the tracking of pending vendor advances >30 days
• Time creation of vendor/employee payment cycles
• Regular IDPMS / ORMS review and closure of outstanding items on the list
• Timely assignment of debit/credit notes and advances before payment runs
• Finding opportunity on process improvement

5.) Skill Sets & competencies:

• Graduate / MBA / ICWA
• 10+ years’ experience in Accounts payable, P2P
• Experience within a Industrial and Manufacturing environment
• Experience in FEMA / Import / Export Compliances
• Thorough Knowledge of compliances/laws related to cross border payments for India region
• Committed, detail oriented, self-starter with strong problem solving and interpersonal skills
• Excellent communication skills to convey complex metrics and analysis clearly and accurately to internal teams and all levels of management
• Cross-functional, multi-level collaboration skills
• Strong MS Office skills including experience with financial/operational model building

6.) Work Relationship:

InternalAll functional controllers and all CNHi India functions
External
As needed with Statutory & Tax Auditors and compliance consultants, Shared Service provider for PTP Tower.


7.) Qualification, Age and Experience:


Education
Bachelor of Commerce Graduate / MBA / ICWA
Professional Qualification
Bachelor of Commerce Graduate / MBA / ICWA
Experience
10+ years’ experience in Accounts Payables , FEMA / RBI compliances with soft skills like stakeholder management Leadership skills


Age
30-35 years