Objectives of the PositionEnsure that statutory reporting is completed in compliant manner and on timely basisEnsuring efficiency in day to day operations in PayablesEnsure compliance with FEMA regulations for foreign paymentsCountry level Insurance GatekeeperMain TasksPayable MonitoringPartner with Local bankers, procurement leads, supply chain leads and Malaysia team to run an efficient payable operationsMonitor payables KPI & constantly find out improvement areas and drive the same with Malaysia team and local end usersTo lead the implementation of new global & regional processes / initiatives in payables area with active coordination with local end usersEnsuring FEMA, RBI, and MSME compliancesSupport GST team to enable them in taking maximum GST credits. Co-ordinate between GST and Malaysia team to rectify invoice posting errors if anyInsuranceCompliance with group guidelines in terms of insuranceCo-ordinating with insurance advisors & business unitsEnsuring optimal insurance coverage with cost benefit analysisLiaise with regional and global insurance teamTo ensure the changes in local laws impacting insurance are adhered to.Changes in business model to be aligned with Insurance policiesSupport to Local BU's/FU's in day-to-day issues/ queriesLiaise with Statutory Auditors on quarterly basis for local & yearly basis for group+ local audits in all above areasFinancial ReportingHandle financial reporting for BASF group company including GL Monitoring, Audit (including liaison with Deloitte), MIS and Group Reporting support to HUBEnsure completion of cost audit in coordination with HUB team in timely mannerEnsure completion of FRC / IFCJob SkillsAnalyticalGood at SAPUp-to-date and Expert know-how of Indian and IFRS accounting standards and local regulations (e.g, Companies Act)Job RequirementsChartered Accountant5 years+ (experience with MNC & /or Big 4 audit firms is a must)Working knowledge in SAPHands on experience in handling foreign payments under FEMAGood knowledge of end-to-end P2P processesUp-to-date and Expert know-how of Indian and IFRS accounting standards and local regulationsProficient with MS OfficeFluent in English with strong communication and interpersonal skill