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Process Associate- F&A - Packaging Films Business
4-10 years
Gurgaon / Gurugram
1 vacancy
Process Associate- F&A - Packaging Films Business
SRF
posted 1mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Roles Responsibilties :
Ensure timely payment to vendor in the system against their Invoice
Job Function FA
Age 27 - 33 Years
Experience 4 - 10 Years
Qualification M.Com, B.COM.
Qualification - Experience Matrix Qualification Experience From Experience To B.COM 5
10
M.Com 4
8
Key Skills 1
Knocking off entries in IDPMS (Banking system) - PFB India
1. Ensure timely payment to vendor in the system against their Invoice
2. Timely communication to bank for knocking off full invoice amount.
3. Sharing of BOE/necessary details for knocking off entry in IDPMS 4. Arrangement of all details/documents in coordination with P R department and local F A department 5. Resolution of all queries to the satisfaction of banker for knocking off entry in IDPMS 6. Monthly review of all pending cases of IDPMS after considering all reports from different banks. 7. Monthly sharing of pending IDPMS cases for CEO review
2. Timely communication to bank for knocking off full invoice amount.
3. Sharing of BOE/necessary details for knocking off entry in IDPMS 4. Arrangement of all details/documents in coordination with P R department and local F A department 5. Resolution of all queries to the satisfaction of banker for knocking off entry in IDPMS 6. Monthly review of all pending cases of IDPMS after considering all reports from different banks. 7. Monthly sharing of pending IDPMS cases for CEO review
2
Bank Reconciliation - PFB India
1. Daily circulation of domestic collection to marketin team for necessary details. 2. Follow up for necessary details required for receipt on Oracle with marketing team. 3. Preparation of excel file for receipt entry in the system. 4. Communication of updation of file to AR person for entry. 5. Ensure receipt entry in Oracle of the collection for which details have been shared. 6. Ensure regularization of payment, advances, LC etc. in Oracle by submitting request on SSC portal. 7. Follow up with SSC team for all SR submitted before sharing bank statement to SSC team. 8. Checking of BRS shared by SSC team. 9. Checking pending entries for necessary action. 10. Follow up with concerned person - domestic, marketing, purchase etc. for pending entries. 11. Booking of bank charges - SEZ by journal voucher and other units. 12. Ensure BRS of all opeative bank in place and save the save in common folder for future use - assessment etc. 13. Clearing of all pending entries by 10th of the following month. 14. Get it reviewed by Deputy F A head every month. 15. Booking of exchange fluctuation gain/loss of FCY account at month end.
3
Processing of Import Payments - SEZ (both material and services) including LC opening
1. Extracting APTB on daily basis to check any import payment due for KPR and DTA 2) Arrange necessary documents - Invoice, BOE, banking detials etc. for processing. 3) Uploading the docuemnts on online portal of bank for processing. 4) Follow up with authorized signatories for payment and ensure approval for payment. 5) Regularization of payment in oracle by putting service request on SSC portal. 6) Follow up with SSC team for regularization of payment in Oracle before month end. 7) Accept service request for LC processing from concerned department. 8) Arrange all the necessary docuements for LC opening - PO, Performa Invoice etc. 9) Submit online/offline request to bank for opening of LC 10) Resolution of all queries related to LC opening if any raised by bank. 11) Sharing of swift of LC to the concerned usef after LC opening
4
Interaction with bank relationship manager
1. Prepare a list of all bank and their relationship manager with necessary details. 2. Based on daily working, make a list of issues/challanges etc. to be discussed with bank. 3. After cooridnation with bank and departments arrange a monthly meeting with bank. 4. Discuss the issues noted with respective bank, new system, things etc. for implmentation. 5. Discuss the areas of improvement from SRF point of view to reduce manaul work. 6. Resolution of all issues/challenges faced within stipulated timeline. 7. Necessary follow up for pending poins with bank and department if any.
5
Cost Audit - Kashipur
1. Understand the changes as per new cost audit rules and regulations. 2. Make neccessary changes in the format to accomdate and arrange the previous year figures also. 3. Fill up the previous year details based on final report submitted by Cost Auditors. 4. Prepare back up details for cost audit - quantity details, sales details, power, fuel, production, heat generation, closing stock etc. 5. Break up of trial balance based of HSN code (Metalizaed and Plain Film) 6. Filling of all details in the annexures for cost audit. 7. Compare the current year details with previous year. Find out the abnormal things/changes. 8. Reason for variances to be given to auditors for better understanding. 9. Sharing the final cost records to Cost auditors for review. 10. Resolution of all queries to the satisfaction of cost auditors. 11. Sharing the final unit cost record for consolidation PFB as a whole.
6
Quarterly RBI Data - PFB India
1. Extract the trial balance of all 3 units - DTA, KPR and SEZ. 2. Fill up the necessary details in the RBI format. 3. Compare the detials with previous quarter details or last year quarter details to ensure correctness and accuracy of the data 4. Sharing of data to Coporate consolidation team.
7
Banking Activities - PFB India
1. Daily fund reporting of all bank account to Corporate treasury team. 2. Daily reporting of export receipt to bank with proper detials for credit in our FCY accounts. 3. Arrangement of LCs 4. Arrangement of GR waiver for samples. 5. Response to any queries from marketing team regarding receipt of funds, LC, etc. 6. Timely submission of acceptances of bills. 7. Keep a track of LC payment due and ensure timely funding for payment in coordination with corporate treasury team. 8. Monitoring of Euro and USD balances for hedging. 9. Conversion of excess Euro/USD balance to ensure optimum balance. 10. Keep a track of packing credit utilization in coordination with Corporate treasury. 11. Opening of bank guaratee based on the requirement from concerned department. 12. Monthly checking of LC charges (calcuation) of Kotak/ICICI etc to ensure no extra charges. 13. Ensure limit availabilty for LC opening after reviewing annual requirement. 14. Timley updation of KYC of all bank accounts including changes in authorized signatories. 15. Closure of inoperative bank accounts including review of no. of banks accounts required for banking operations.
Background Employment Type: Full Time, Permanent
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What people at SRF are saying
Rating based on 8 Process Associate
reviews
Anonymous · Quality Assurance and Testing
in Indore, Madhya Pradesh
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Read 8 reviewsProcess Associate salary at SRF
reported by
34
employees
₹2
L/yr - ₹7.1
L/yr
41%
more
than the average Process Associate Salary in India
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What SRF employees are saying about work life
based on 2k employees
Flexible timing
Monday to Saturday
No travel
Day Shift
SRF Benefits
Free Transport 
Job Training 
Health Insurance 
Soft Skill Training 
Free Food 
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