Company Description

Orkla India is a collection of iconic heritage Indian brands – MTR, Eastern and Rasoi Magic. Our portfolio serves all meal occasions with diverse offerings including Spices and Masalas, Ready to Eat Sweets, Breakfast mixes, 3-minute range, and many more.

With its corporate office in Bangalore, Orkla India consists of 3 business units namely, MTR, Eastern and International Business. The International Business unit reaches out to both the local as well as migrant Indian population across 42 countries.

Orkla India is one of the 12 portfolio companies of Orkla ASA, an industrial investment company based in Oslo, Norway. Orkla ASA is listed on the Oslo Stock Exchange.

Role Description

[A] Income Tax

· Monthly TDS Compliance & Payments o Compute and review monthly TDS on qualified charges, contractor, rent, and other payments.

o Ensure accurate tax withholding as per Income-tax provisions.

o Process TDS challans and ensure timely tax payments.

o Reconcile TDS deductions, challans, and accounting records.

· Quarterly TDS return filling o Prepare and file quarterly TDS/TCS returns (140/26Q, 144/27Q, 143/27EQ).

o Validate PAN, challan, and transaction details before filing.

o Generate and issue Form 130 (earlier 16) and Form 131 (earlier 16A).

· Filling Form 145/146 (15CA/CB)

o Review foreign remittances and determine withholding tax applicability.

o Prepare and file Form 145/15CA and coordinate for Form 146/15CB certification.

· Support statutory audits, tax audits, and tax compliance reviews by providing reconciliations and audit schedules.





[B] Accounts Receivables (AR)

· Accounts Receivable Management o Manage end-to-end Accounts Receivable activities for Modern Trade customers.

o Monitor customer outstanding balances and ensure timely collections to achieve cash flow targets.

o Follow up on overdue accounts and minimize aging of receivables.

o Prepare and analyze receivables MIS reports, aging reports, collection status reports, and dashboards.

· Collection Accounting & Cash Application o Ensure timely and accurate accounting of customer collections.

o Reconcile bank receipts with customer accounts and clear open items promptly.

o Investigate and resolve discrepancies related to collections and receipts.

· Debit Note & Claims Management o Review, validate, and process customer debit notes, claims, and deductions.

o Coordinate with Sales, Supply Chain, and other stakeholders for timely resolution of disputed claims.

o Ensure appropriate accounting and reporting of customer deductions.

· Customer Account Reconciliation o Perform periodic reconciliation of customer accounts to identify and resolve outstanding issues.

o Ensure balances recorded in books agree with customer statements and confirmations.

o Drive closure of unreconciled items within defined timelines.

Qualifications

Commerce background either CA Inter/B.com / M. Com

Experience in TDS compliances

At least 3+ years of accounting experience

Receivable Exposure Accounts, preferably in Modern Trade

Experience in reconciliation

SAP Knowledge

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📌 Finance Executive (Bengaluru)
🏢 Orkla India
📍 Bengaluru