Process Executive - GL & AP
Fossil Global Services India LLP
02.2024 - Current
- Managed reconciliation of balance sheet ledgers and subledgers, bank accounts, etc.
- Passing journal entries related to the balance sheet, P&L, vendor and customer, freight entries on a weekly basis, and payroll transactions.
- Performing fixed asset acquisition, depreciation, disposal, and maintaining the FA register.
- Intercompany invoice processing, payment, reconciliations, and passing entries during month-end close.
- Performing monthly book closures, assigned activities like FA, inventory, provision, and payroll (allocations, accruals, reserves, reversals, etc.)
- Preparing and circulating the month-end checklist on each team's timelines for the book closures.
- Oversee all accounts, ledgers, and reporting systems, ensuring compliance with appropriate GAAP standards and regulatory requirements.
- Prepare prepaid schedules, and pass amortization entries.
- Timely update the monthly schedule, and prepare accrual journal entries.
- Maintained complete documentation to support internal and statutory audits and tax filings.
- Trade & Cross-Border Payment Operations -Handled foreign exchange (FX) transactions and coordinated with treasury/bank portals for fund transfers.
- Led the IDPMS Project - successfully completed by analyzing and reconciling thousands of multi-currency unreconciled line items which helped in stabilizing the Trade payments.
- Processed Foreign Currency supplier and intercompany invoices, ensuring accuracy and timely payment scheduling.
- Handled Treasury related activities - Fund tracking (across regions), Coordinating with Sales team for the revenue and AR for funds, tracking the operating expenses, preparing cash flow statement on a regular basis to present it to the management.
- Participated in various crucial meetings with the Management and contributed for Intercompany payments globally and received consistent appreciations from the top management.
- Ensured adherence to FEMA guidelines, RBI reporting, and Income Tax Act requirements.
- Managed documentation for Form 15CA/CB, Form 10F, TRC, and other RBI compliance forms.
- Drafted and reviewed CA declarations, internal company declarations, and KYC documentation for bank and regulatory purposes.
- Accurately deducted TDS as per applicable tax laws and managed TDS return filing workings.
- Performed vendor ledger reconciliations, BRS, and GR/IR clearing.
- Statutory payment - Validate the challan created by the HR Department for ESI and PF. Handled PT payment in the respective government portal, and release the payment in the bank portal.
- Handled MSME vendors and submitted half yearly return supportings to the consultants.
- Proficient in SAP and Navision for finance operations and reporting.
