• GL accountant Jobs in Chennai,India - 25678127

  • Valeo Engine and Electrical Systems India Pvt Ltd
  • Save Job
  • 0 - 3 Years
  • Posted : above 1 month

Job Description:

At the Managing Entity level and provided by the SAS through the MAES sheet after checking consistency, relevance and that proper supporting documentation is available
At the Legal Entity level based on guidance provided from the SSC Chief Accountant
In MAF accounting (IFRS) as well in Statutory Accounting (Indian GAP)

Run the closing transaction in SAP

Perform Valuation of balance sheet at closing rate for debtors/creditors in foreign currency
Prepare Depreciation expense for the period

Formalize Accounts Reconciliation

Perform Bank Reconciliation on monthly basis
Perform reconciliation of Fixed Asset Ledgers with Trial Balance
Perform Roll forward of equity (opening P&L capital infusion - dividend paid = closing)
Perform Roll forward of Fixed Assets (opening acquisition disposal = closing) supported with Site documentation
Perform Roll forward of Fixed Assets Depreciation (opening depreciation expense from P&L - depreciation from disposed assets = closing)
Perform Roll forward of Inventory by class of inventory (opening variation accounts from P&L = closing)
Perform Roll forward of Inventory provision by class of inventory (opening variation accounts from P&L = closing)
Perform Roll forward of accrued liability by nature (opening increase reversal = closing)
Prepare documentation of all manual accounts with proper supporting documentation by nature

Perform Accounts Review

Review of Asset Under Construction (Capital work in progress) including aging and In-Service Certificate for transfer in Fixed Asset register and initiate amortization / depreciation
Review Site inventory and Stock in transit documentation for proper
Run the MAF allowance for doubtful account

Update Accruals

Reverse prior month accrued interest, assess and record the current month accrued interest

Reverse prior month accrued taxes, assess and record the current month accrued taxes

Review the aging of all accruals and request guidance from Site accordingly

Monitor the Period Close

Ensure proper period close in Compass (SAP)

Ensure proper carry forward of closing balances

Compliance

Perform all activities in line with the Valeo MAF, the SSC GL User Manual and the Valeo Code of Ethic

Profile Summary:

Employment Type : Full Time
Eligibility : Any Graduate
Industry : Manufacturing/Industrial
Functional Area : Accounting/Tax/Company Secretary/Audit
Role : Cost Accounting/ ICWA
Salary : As per Industry Standards
Deadline : 15th Jul 2020

Key Skills:

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