Job Description
OFFICER I - ACCOUNTS OFF-Asi-HEA-2020-06-01-0434
OFFICER I - ACCOUNTS, Asian Paints Limited (APL), 1
Company
Asian Paints Limited (APL)
Vertical
Corporate Finance (CFIN)
Job Description
1 Internal HR Document-Strictly Asian Paints Confidential
Role Identifier
Job Title Accounts Officer – I Department Accounts
Reporting to Executive - Accounts Grade Officer – I
Jobs Reporting Into NIL Location/Unit Mumbai, Corporate Office
Role Description
Job Purpose
Accounting and monitoring of Intercompany transactions, accounting of investments and GL scrutiny.
Providing details for statutory audit by coordinating with plants/sales locations/RDCs etc.
Primary Responsibilities
Business Responsibility Areas
(Please detail out at least 8-10 responsibility areas)
Key Performance Indicators
1. Recovery from Group Companies
- Ensuring timely and accurate recovery of various expenses from
International Subsidiaries
- Monitoring Related party transactions and ensuring that they are within
the overall limits as approved by the Board
- Ensure timely collection of charges raised
- Reporting approval vs actuals on a monthly basis
- Intercompany reconciliation
- Work with IT in building the IT controls for complying with the provisions
of Companies Act / Listing Agreement w.r.t. RPT
2. Investment Accounting
- Accounting of investments done, redemption of investments and
dividend received on the investments done by the Company.
- Obtaining periodical confirmation from the Mutual Fund agencies and
reconciling them with the books of accounts.
3. GL Scrutiny and reconciliation
a. Periodical review of the GLs that are assigned to validate the reasons
for variation in the GL balances, completeness of transactions posted
and accuracy of monthly provisions etc.
b. Ensure accounting hygiene of the GLs assigned through proper and
timely reconciliation and clearing of open items.
4. Statutory Audit
- Timeliness of recovery
- All transactions being
within the limits approved
- Timely receipt of
collections
- Timely accounting
- Accuracy of data
preparation and reporting
- Timely reconciliation and
- Accuracy of work done.
- Effective Co-ordinator
2 Internal HR Document-Strictly Asian Paints Confidential
To co-ordinate with Statutory Auditors and plants/sales locations/ other
functions and provide necessary details for statutory audit.
- Timely circulation of
details and ensuring
accuracy of the same.
Scope of Work
a) Financial Scope (Range of
financial spend): · NIL
b) People Management Scope
(Range of no. of Direct/ Indirect
Reports):
· NIL
c) Geography Coverage (Countrywide/
State-wide / Area-wide) · Entire country
d) Corporate Coverage
(Company-wide / Business Unit
or Function-wide / Sub-functionwide
/ Other):
· Company Wide
Key Interactions
Internal · All locations (sales and manufacturing), Internal Audit, Corporate Finance, IT
External · Statutory auditors, Group Companies etc
Functional Competencies
· Good conceptual clarity on accounting logics
· Good communication skills
· MS-Office usage skills
Behavioral Competencies · Should be a team player and should have a positive attitude towards the company and towards work
Additional Requirements · Managing effective relationships
Minimum Education
Graduate
Experience
0.00 to 3.00 years
OFFICER I - ACCOUNTS, Asian Paints Limited (APL), 1
Company
Asian Paints Limited (APL)
Vertical
Corporate Finance (CFIN)
Job Description
1 Internal HR Document-Strictly Asian Paints Confidential
Role Identifier
Job Title Accounts Officer – I Department Accounts
Reporting to Executive - Accounts Grade Officer – I
Jobs Reporting Into NIL Location/Unit Mumbai, Corporate Office
Role Description
Job Purpose
Accounting and monitoring of Intercompany transactions, accounting of investments and GL scrutiny.
Providing details for statutory audit by coordinating with plants/sales locations/RDCs etc.
Primary Responsibilities
Business Responsibility Areas
(Please detail out at least 8-10 responsibility areas)
Key Performance Indicators
1. Recovery from Group Companies
- Ensuring timely and accurate recovery of various expenses from
International Subsidiaries
- Monitoring Related party transactions and ensuring that they are within
the overall limits as approved by the Board
- Ensure timely collection of charges raised
- Reporting approval vs actuals on a monthly basis
- Intercompany reconciliation
- Work with IT in building the IT controls for complying with the provisions
of Companies Act / Listing Agreement w.r.t. RPT
2. Investment Accounting
- Accounting of investments done, redemption of investments and
dividend received on the investments done by the Company.
- Obtaining periodical confirmation from the Mutual Fund agencies and
reconciling them with the books of accounts.
3. GL Scrutiny and reconciliation
a. Periodical review of the GLs that are assigned to validate the reasons
for variation in the GL balances, completeness of transactions posted
and accuracy of monthly provisions etc.
b. Ensure accounting hygiene of the GLs assigned through proper and
timely reconciliation and clearing of open items.
4. Statutory Audit
- Timeliness of recovery
- All transactions being
within the limits approved
- Timely receipt of
collections
- Timely accounting
- Accuracy of data
preparation and reporting
- Timely reconciliation and
- Accuracy of work done.
- Effective Co-ordinator
2 Internal HR Document-Strictly Asian Paints Confidential
To co-ordinate with Statutory Auditors and plants/sales locations/ other
functions and provide necessary details for statutory audit.
- Timely circulation of
details and ensuring
accuracy of the same.
Scope of Work
a) Financial Scope (Range of
financial spend): · NIL
b) People Management Scope
(Range of no. of Direct/ Indirect
Reports):
· NIL
c) Geography Coverage (Countrywide/
State-wide / Area-wide) · Entire country
d) Corporate Coverage
(Company-wide / Business Unit
or Function-wide / Sub-functionwide
/ Other):
· Company Wide
Key Interactions
Internal · All locations (sales and manufacturing), Internal Audit, Corporate Finance, IT
External · Statutory auditors, Group Companies etc
Functional Competencies
· Good conceptual clarity on accounting logics
· Good communication skills
· MS-Office usage skills
Behavioral Competencies · Should be a team player and should have a positive attitude towards the company and towards work
Additional Requirements · Managing effective relationships
Minimum Education
Graduate
Experience
0.00 to 3.00 years
💡 Quick Summary
Seeking a career-building opportunity? The Vacancy For Graduate As Officer Accounts In Asian Paints Ltd position is now open for candidates interested in the Accountant Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Accountant Jobs is a plus.
