Description

Finance Specialist (GL/Assets)

Location   :  Chennai, India
Required Language : English
Employment Type : Full Time
Seniority Level : Associate
Travel : 10 %

 Buckman is a privately held, global specialty chemical company with headquarters in Memphis, TN, USA, committed to safeguarding the environment, maintaining safety in the workplace, and promoting sustainable development. Buckman works proactively and collaboratively with its worldwide customers in pulp and paper, leather, and water treatment to deliver exceptional service and innovative specialty chemical solutions to help boost productivity, reduce risk, improve product quality, and provide a measurable return on investment. Buckman is in the middle of a digital transformation of its businesses and focused on building the capabilities and tools in support of this.

Purpose

At Buckman, we rely on a meticulous financial system to drive business forward. Our accounts department keeps that system running smoothly by managing free cash flow, Timely payment to vendors, Banking compliance, Direct and indirect tax (GST, TDS) periodical compliance and support preparing the monthly closing and financial statement preparation. We are searching for a skilled accountant to join our accounts team to help process, track, and record payments in an accurate, efficient, and timely manner. The accountant will have both a day-to-day and ongoing impact on financial transactions, keeping us on track, on time, and on good terms with our valued partners.

Objectives of this Role

1. Overseeing daily treasury like approver matrix management for online approval with global treasury
2. Daily cash and bank position checking, reporting and Cash disbursement planning and advise to SSC – AP team for domestic vendor payment initiation and support in preparing the monthly cash forecast/budget
3. GL accounting including expense accrual, review, reconciliation, and month end close
4. Intercompany service invoice preparation and follow-up for approval, trademark obligations calculation, and Management fee booking. 

1. MIS upload (GROW) and validation and reporting including cash budgeting, FCF forecast Monthly GRN, inventory in transit, quantity reconciliation and consumption report (RM and traded goods)
2. Fixed asset accounting, tagging verification, physical check.
3. Monthly GL reconciliation report for me, Sean and David to review (like PL, BS, Cashflow, DWC, Expense report)
4. Review the open items, AR, AP, PO, aged inventory, aged fixed asset review and retirement.

9.  GST compliance including addressing vendor, customer, department query, internal stakeholder like Customer service, logistics, equipment team, warehouse and sales representative

10. GST invoice review, monthly reporting output, input tax, job work, cross charge, support in department audit, annual return preparation

11. Tax challan preparation in online for monthly TDS and quarterly advance tax payment, appeal fee and pre-deposit

1. Master data change validation and initiation, follow-up with Vikram to update(localisation data Tax (TDS, TCS, import Duty etc.,)
2. Vendor and customer confirmation including bank details cross checking over phone with customer
3. MSME, TDS compliance declarations from freight vendors, customers and suppliers,
4. TDS liability reconciliation and payment on 07th of following month, TDS quarterly return for both domestic and non-resident
5. Banking compliance like annual KYC, GKYC, periodic return, support in bank signatory management, cashpro alerts review
6. FEMA compliance - Import payment management for inventory and non-inventory, services in Bank portal (customs integrated portal) and import and export obligation closing like EPDMS, IPDMS etc.,
7. Bank facility working capital exposure report on quarterly basis to bank of america
8. FAS 120 quarterly AR past due above 180 days for entity to AR administrator.
9. Internal audit including self-assessment audit handling support  and co-ordination with shared service team
10. Support in Statutory audit handling including the support in preparing the schedules and financial statement

1. Inventory physical count and job work movement challan verification (visit to Mumbai)
2. Work with tax consultant for import related e-filing 15CA, 15CB, indirect tax GST e-invoice generation, monthly return filing, tax rate, HSN changes upation,
3. Support in Managing the insurance renewal of both global and local risk cover policies.,  
4. Attending Finance department meeting, Finance townhall, Continuous improvement initiatives, standardisation etc.,  
5. Any other ad-hoc finance related work both region and Global

Skills and Qualifications

• Graduate, post-graduation diploma or equivalent. Additional qualification like semi or qualified cost and chartered accountant fresher is preferred. 
• Minimum 3-6 years’ experience in Finance handling AP, AR, Banking compliance, Taxation handling, Audit assistance.
• Understanding basic principles of finance, accounting, and bookkeeping. The employee has possessed the required qualification and experience to handle the job.
• Understanding basic principles of finance, accounting, and bookkeeping
• Superb time management and detail
• Proficiency with Microsoft Office
• Ability to keep company and partner confidences

•         Experience with accounting software (ERP) and online platforms preferably SAP

•         Ability to keep company and partner confidences

•         Good interpersonal and communication (both verbal and written) to be able to interact and deal with people at all levels.

•         Possesses leadership qualities, self-driven, result oriented and a resourceful team and leader and player

Preferred Qualifications

• An associate degree
• Strong mathematical skills
• Prior experience in accounts payable, accounts receivable,
• Hands on experience in handling both indirect (GST) and direct taxation (TDS), banking documentation and compliances.
• Experience with accounting software (SAP)and online platforms GST,TDS, ROC returns filing.

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