Job Title: Accountant I
Division: Finance
FLSA Status: Permanent
Reports To: Manager-Cost Accounting & Treasury
General Summary:
Ensure proper accounting on a day to day basis for payment of Cash and Bank in
accordance with the policy laid down by company, statutory laws and as per
directives issued by the Manager-Cost Accounting & Treasury from time to
time. Support Manager in completing all his accounting responsibilities and
prepare all records and reports in a timely manner.
Duties and Responsibilities (*Essential Functions): PAYMENTS AND ACCOUNTING:
� Processing Weekly cycles for inventory and non-inventory local purchases
(e-payment) as per due dates and accounting thereof.
� Documentation for foreign Remittances and forwarding to Bankers as per
guidelines of RBI for import parties on weekly basis.
� Processing and Accounting of I/E payments as per advice received from
Corporate Treasury
� Payment and accounting of all taxes as per dues dates.
� Payment and accounting of all custom duties as per intimation
� Processing and Accounting of Bank Payment Vouchers for Mumbai & New Delhi
Sales office.
� Accounting of month-end Petty Cash for Delhi & Mumbai sales offices.
� Implement electronic payment & approval system for HDFC bank. Work with
Sourcing to convert all vendors to electronic payment via HDFC and Bank of
America.
� Accounting of all non-routine banking transactions like investments, fund
transfers, bank charges, advance off-set
PAYMENTS - REPORTS & CORRESPONDENCE
� Physical cash verification on fortnightly basis and reconciling with cash per
books.
� Manual tracking of due dates of all Import Bills and make arrangements to have
all bills settled on due dates.
� Monitoring & weekly reporting of Local Bank A/c. balances to Treasury
� Arranging for Advances, Drafts on Delivery, Foreign TT as per Purchase Order
terms
� Requesting Fund Transfers to meet local statutory payments & operative
expenses
� Reconciling with Vendor outstanding statements received
� Reconciling all Bank Accounts
� Prepare monthly cash requirements and prepare weekly/monthly cash forecast.
Update corporate for cash balances on weekly basis.
� Schedule payment to Vendors on time
� Ensure proper documentation of payments
STATUTORY DOCUMENTS:
� Issuing C Forms to Vendors after reconciliations.
� Maintaining C Form Registers
� Compiling C Form issued report for applying for Blank C Forms from Sales Tax
Department
� Reconciling with Vendor outstanding statements received
� Verifying, computing & bifurcating Income Tax Deduction at source (TDS)
� Challan payment of Tax collection at source (TCS) on scrap
� Ensuring that all statutory payments are made in time � this include PF, ESIC,
Electricity, Water and Taxes
� Issue of TDS (VAT) certificate and filing returns (TDS return other than
salary (electronic) - quarterly and TDS ON VAT return - manually)
FOREIGN EXCHANGE TRANSACTION
� Monitor forward contracts, as and when negotiated, for settling all foreign
bills as per due dates and account the gain or loss in books.
SUPERVISORY SKILLS
� Supervise Accounts Assistant in charge of Petty cash and expense accounting.
Judgments and Decisions
� Decide on whether bills to be cleared for approval & payment as per
company�s policy
� Prepare forecasts on projected expenses
� Maintain adequate cash balances at all banks and locations
� Keep track of foreign exchange rates
Internal: AOP and other I Entity, Plant Management, Accounts department for
payments/accounting/reports, Sales office for bank transactions.
Job Specifications:
Education � B.Com
Experience � 4+ years accounting experience in similar accounting field
Knowledge � Working knowledge in areas of accounting and finance. Working
knowledge in the areas of RBI regulations, bank payment process. Knowledge of
ERP (SAP) and Microsoft Office (Excel, Word, Outlook, Power Point)
Skills � Good numeric skills. Detailed oriented with ability to check and
interpret documents. Analytical, problem solving and communication skills.
Strong IT literacy - MS Office, Accounting packages, and ideally SAP. Fluent
written and verbal English. Work independently and meet deadlines.
The information in this description has been designed to indicate the general
nature and level of work performed by employees within this classification. It
is not designed to contain or be interpreted as a comprehensive inventory of all
duties, responsibilities and qualifications required of employees assigned to
this job
CommScope is an Equal Opportunity Employer.
Interested candidates can send their updated resumes to
surekha.ajgaonkar@commscope.com CommScope - 9 months ago
