Job Description

Objectives of the Position

• Ensure that statutory reporting is completed in compliant manner and on timely basis

• Ensuring efficiency in day to day operations in Payables

• Ensure compliance with FEMA regulations for foreign payments
• Country level Insurance Gatekeeper

Main Tasks
Payable Monitoring

• Partner with Local bankers, procurement leads, supply chain leads and Malaysia team to run an efficient payable operations
• Monitor payables KPI & constantly find out improvement areas and drive the same with Malaysia team and local end users
• To lead the implementation of new global & regional processes / initiatives in payables area with active coordination with local end users
• Ensuring FEMA, RBI, and MSME compliances
• Support GST team to enable them in taking maximum GST credits. Co-ordinate between GST and Malaysia team to rectify invoice posting errors if any

Insurance

• Compliance with group guidelines in terms of insurance
• Co-ordinating with insurance advisors & business units
• Ensuring optimal insurance coverage with cost benefit analysis
• Liaise with regional and global insurance team
• To ensure the changes in local laws impacting insurance are adhered to.
• Changes in business model to be aligned with Insurance policies
• Support to Local BU's/FU's in day-to-day issues/ queries
• Liaise with Statutory Auditors on quarterly basis for local & yearly basis for group+ local audits in all above areas

Financial Reporting:

• Handle financial reporting for BASF group company including GL Monitoring, Audit (including liaison with Deloitte), MIS and Group Reporting support to HUB
• Ensure completion of cost audit in coordination with HUB team in timely manner
• Ensure completion of FRC / IFC

Job Skills:
1. Analytical
2. Good at SAP
3. Up-to-date and Expert know-how of Indian and IFRS accounting standards and local regulations (e.g, Companies Act)
Job Requirements

• Chartered Accountant
• 5 years+ (experience with MNC & /or Big 4 audit firms is a must)
• Working knowledge in SAP
• Hands on experience in handling foreign payments under FEMA
• Good knowledge of end-to-end P2P processes
• Up-to-date and Expert know-how of Indian and IFRS accounting standards and local regulations
• Proficient with MS Office
• Fluent in English with strong communication and interpersonal skill

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A unique total offer: you@BASF
At BASF you get more than just compensation. Our total offer includes a wide range of elements you need to be your best in every stage of your life. That's what we call you@BASF. Click here to learn more.
A unique total offer: you@BASF
At BASF you get more than just compensation. Our total offer includes a wide range of elements you need to be your best in every stage of your life. That's what we call you@BASF. Click here to learn more.
Working at BASF: We connect to create chemistry
We are proud of strong history of innovation, which has helped make us who we are today - the world's leading chemical company. Every day, our global team of over 120,000 individuals work together to turn visions for sustainable solutions into reality by connecting with one another and sharing our knowledge.
The right people are crucial for our sustainable success. We aim to form the best team by bringing together people with unique backgrounds, experiences and points of view. Our differences make us stronger and more vibrant. And an open, creative and supportive work environment inspires us to achieve exceptional results.
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Godrej One - Mumbai, IN
BASF India Limited
Finance, Controlling & Audit
Permanent
126628
ATS_WCMS_WEBFORM

Skills Required