Accounts Payable Operations

• Ensure smooth operation of the routine accounting functions at Ceat
• Oversee Bank reconciliation activities for all bank accounts
• Ensure accurate uploading and subsequent authorization of various e-net payment
• Ensure timely payments to creditors, vendors, suppliers and employees
• Periodically audit the paperwork and SAP entries to ensure accurate and timely data and reporting – including purchase orders and Invoices raised to clients
• Manage payments of imports including custom payments, CHA, freight, warehousing etc & ensure compliance with international laws and taxation systems
• Ensure that management staff salary payments are executed efficiently considering all employee reimbursement payments, loan deductions etc. in compliance to the company policy
• Ensure that all statutory payments for management staff towards ESIC, PF, Superannuation and IT are executed accurately and as per scheduled timelines
• Ensure issuance of payment cheque based on the validation of the Purchase general vouchers
• Ensure availability of forex and ensure all foreign payments with respect to travel, consultancy fees, agent commissions are executed as per company guidelines
• Reconciliations in payments is made in an efficient and accurate manner
• Ensure smooth and timely processing of employee salary with accurate Calculations of increment, arrears, bonus etc.
• Calculation of Tax liability of individual employees/in consideration with various rebate /exemption u/s 80CC, 80 DD etc. 24 (1) as provided in income tax act, superannuation balance and leave calculation

AP Documentation and Analysis

• Analyze expenditure trends and the variances
• Ensure maintenance the Voucher Registers and all the monthly vouchers properly
• Interact with internal and external auditors in completing audits
• Highlight areas of concern such as cost overruns, improper inventory management that are evident from accounting reports for the operations team to take corrective action
• Support other departments in case of any queries/ requests for accounting operations
• Prepare necessary documentation and reports that are required by the board during the AGM

People Management

• Manage performance of the team and ensure that team is working in line with organizational value system
• Ensure team is adequately trained and proactively work  with HR at capability enhancement of team
• Conduct effective performance appraisals for the team and provide regular feedback