Job Title: Manager | Foreign payables/receivables | Mumbai | Finance & Accounts
Manager - Foreign payables/receivables
India’s impact on the global economy has increased at an exponential rate and Deloitte presents an opportunity to unleash and realise your potential amongst cutting edge leaders, and organisations shaping the future of the region, and indeed, the world beyond.
At Deloitte, your whole self to work, every day. Combine that with our drive to propel with purpose and you have the perfect playground to collaborate, innovate, grow, and make an impact that matters.
Work you’ll do
As part of the Accounts & Finance team, you will be responsible for managing a team, front ending with the business to understand their day to day needs and work as a Manager to drive reduction in DSO and control DPO as per contractual obligations.
Responsibilities:
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1) Engage with finance teams of overseas customers, and billing teams and Engagement delivery teams in India to drive on time collection and control overdues. 2) Engage with finance teams of overseas vendor and engagement delivery teams in India to drive on time document validation, processing and payments 3) Drive working capital improvement projects with focus on collection targets at month-end, quarter-end and yearend 4) Various analysis around Debtors/Creditors report (ageing analysis, payment, collection status etc) |
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5) Timely delivery of ad-hoc reports required |
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6) Regular interaction with senior leadership. Liaise with internal/external stakeholders for documents, invoices and payments |
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7) Working on details required for Balance confirmation received from Member Firm (MF) |
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8) To work on the remittance details received from MF on a weekly basis and get it adjusted |
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9) Regular updating of invoice status to Internal and external stakeholders |
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10) TDS Returns of Foreign Payments |
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11) Preparation of Assessment Data – Creating and maintaining data for Notices received from the IT Department |
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Requirements:
- Assertive behavior with prior experience in driving collections is a must
- Excellent stakeholder management, communication and interpersonal skills
- Knowledge of Foreign payment process (documents requirement) and should have good accounting knowledge (AR and AP); Knowledge of FEMA would be a plus
- Knowledge of Foreign Currency Invoice Payment processing.
- Knowledge of SAP for entries to be passed in SAP, preferable
- Well versed in corporate finance and accounting systems, procedures & practices.
- Strong Execution skills
- Should have excellent Microsoft Office knowledge (excel and PPT skills); Power BI would be a plus.
- Experience in building add-on tools to improvement finance processes will be a plus
- Project management skills
Qualifications: CA with minimum 5-7 years of experience
Key words: Foreign customers, collections, payables
Search Pool: Services-based organization (not goods exports/imports), working for Commercial or Finance department (not Finance BPO)
Your role as an Manager
We expect our people to embrace and live our purpose by challenging themselves to identify issues that are most important for our clients, our people, and for society.
In addition to living our purpose, Managers across our organization must strive to be:
- Inspiring - Leading with integrity to build inclusion and motivation
- Committed to creating purpose - Creating a sense of vision and purpose
- Agile - Achieving high-quality results through collaboration and Team unity
- Skilled at building diverse capability - Developing diverse capabilities for the future
- Persuasive / Influencing - Persuading and influencing stakeholders
- Collaborating - Partnering to build new solutions
- Delivering value - Showing commercial acumen
- Committed to expanding business - Leveraging new business opportunities
- Analytical Acumen - Leveraging data to recommend impactful approach and solutions through the power of analysis and visualization
- Effective communication – Must be well abled to have well-structured and well-articulated conversations to achieve win-win possibilities
- Engagement Management / Delivery Excellence - Effectively managing engagement(s) to ensure timely and proactive execution as well as course correction for
the success of engagement(s)
- Managing change - Responding to changing environment with resilience
- Managing Quality & Risk - Delivering high quality results and mitigating risks with utmost integrity and precision
- Strategic Thinking & Problem Solving - Applying strategic mindset to solve business issues and complex problems
- Tech Savvy - Leveraging ethical technology practices to deliver high impact for clients and for Deloitte
- Empathetic leadership and inclusivity - creating a safe and thriving environment where everyone's valued for who they are, use empathy to understand others to adapt our behaviours and attitudes to become more inclusive.
How you’ll grow
Connect for impact
Our exceptional team of professionals across the globe are solving some of the world’s most complex business problems, as well as directly supporting our communities, the planet, and each other. Know more in our Global Impact Report and our India Impact Report.
Empower to lead
You can be a leader irrespective of your career level. Our colleagues are characterised by their ability to inspire, support, and provide opportunities for people to deliver their best and grow both as professionals and human beings. Know more about Deloitte and our One Young World partnership.
Inclusion for all
At Deloitte, people are valued and respected for who they are and are trusted to add value to their clients, teams and communities in a way that reflects their own unique capabilities. Know more about everyday steps that you can take to be more inclusive. At Deloitte, we believe in the unique skills, attitude and potential each and every one of us brings to the table to make an impact that matters.
Drive your career
At Deloitte, you are encouraged to take ownership of your career. We recognise there is no one size fits all career path, and global, cross-business mobility and up / re-skilling are all within the range of possibilities to shape a unique and fulfilling career. Know more about Life at Deloitte.
Everyone’s welcome… entrust your happiness to us
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