Job Description :
About Flipkart
In 2007, we started the Flipkart journey by selling books online. But now, over a decade later, our story is quite different. Today, Flipkart is India’s largest online marketplace and one of India’s leading technology powerhouse that is disrupting the way India shops online. What has got us here The dynamic, passionate and talented folks we call Flipsters!
Our core values define our identity and form the basis of our actions and reflect in everything that we do at Flipkart. Values enable us to shape the desired organizational culture in which each Flipster can thrive and be at their best.
We believe in taking bold bets and changing the paradigm, having a sense of urgency to solve problems strategically and putting great ideas into action. We look at the world from our customer’s point of view and keep customers at the heart of everything we do. We strive to do the right thing always and be committed to our customers and stakeholders.
About the team
The Vendor Allowances & Reconciliations team is part of the Finance Control and takes care of Vendor Allowances and Vendor Reconciliations processes. The team objectives are:
About Flipkart
In 2007, we started the Flipkart journey by selling books online. But now, over a decade later, our story is quite different. Today, Flipkart is India’s largest online marketplace and one of India’s leading technology powerhouse that is disrupting the way India shops online. What has got us here The dynamic, passionate and talented folks we call Flipsters!
Our core values define our identity and form the basis of our actions and reflect in everything that we do at Flipkart. Values enable us to shape the desired organizational culture in which each Flipster can thrive and be at their best.
We believe in taking bold bets and changing the paradigm, having a sense of urgency to solve problems strategically and putting great ideas into action. We look at the world from our customer’s point of view and keep customers at the heart of everything we do. We strive to do the right thing always and be committed to our customers and stakeholders.
About the team
The Vendor Allowances & Reconciliations team is part of the Finance Control and takes care of Vendor Allowances and Vendor Reconciliations processes. The team objectives are:
- To develop & implement best processes & systems for Vendor Reconciliations and Vendor Allowances
- Facilitate timely and accurate Reconciliation for Books of accounts
- Establish control to ensure compliance of financial policies and processes at organizational level
- Interactions with GFR vendors to resolve issues related to payments, reconciliations, deductions and recoveries against allowances & returns
- Connecting with Stores and resolving issues related to scanning of invoices, RTV of Merchandise, Vendor Queries regarding operational issues, GR/IR reconciliation and user function for their day-to-day query
- Coordination with outsourcing partner to ensure smooth running of Vendor Reconciliation process
- Accurate and timely accrual of COOPS for business in line with GVA policy
- Participation in Special Projects Finance Control
About the role
This role will be responsible for working with business finance team for timely & accurate accounting of Vendor Allowances and Month closure & Reporting. Will involve interactions with business stakeholders, shared service provider and vendors to drive, monitor and efficient process.
The role will also managing the Vendor Reconciliations process which include working with vendors, buying out their consent for deductions done, Adjustment Handling while Reconciliation for TCS with vendors and Decision making in effective utilization of resources of shared service partner.
What you’ll do:
- Reconciliations of Merchandise vendors (Sign off’s & Open Item Closure).
- Vendor Allowances – Operations & Automations
- Outsource/ Third Party Management
- TCS & TDS Reconciliation – Adjustment Handling while Reconciliation with vendors
- Leading the Automation project for Vendor Allowances recording & accounting
- Audits and Month End closings for Vendor Allowances & Vendor Reconciliations
- Training to Third Party associates for the reconciliation & open Item closure
- Publication of Trackers & Dashboards
- Review Mechanism with shared service partner and business stakeholders
- Ensuring data management as required for future reference
- Resolve the issues pertain to vendor queries and highlight the same to respective stakeholder
What you’ll need:
- Postgraduate in Finance (MBA) or any other similar qualification
- Preferable experience in P2P for 7 to 9 Years
- Strong Knowledge of Financial Accounting
- Working Knowledge of Indirect & Direct taxes especially GST, TCS & TDS
- Hand on Experience in ERP System
- Analytical with excellent Command over Excel
- Strong team management, collaboration and stakeholder’s management
- Good Communication & Presentation Skills
- Strong negotiation and influencing skill
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