At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

A Day in the Life

Responsibilities may include the following and other duties may be assigned.

Accounts Payable Management:

• Vendor Master management, including Vendor code opening, PO creation
• Process, verify, and reconcile vendor invoices in accordance with company policies and procedures.
• Ensure timely and accurate payment run to vendors and suppliers.
• Maintain up-to-date records of all accounts payable transactions and reconcile outstanding balances.
• Assist in the preparation of monthly accounts payable reports for management review.
• Address vendor inquiries and resolve any discrepancies or issues promptly.
• Ensure proper documentation for audit purposes.
• Maintain GST Input Tax reports
• Prepare monthly Open PO reports for accrual entries
• Manage end to end process of foreign invoice payments.
• To ensure timely statutory payments within due date like Provident Fund, Professional Tax, Labor Welfare Fund etc.

Employee reimbursements:

• Manage employee reimbursement end to end process
• Creation of Employee codes in SAP
• Ensure timely and accurate payment run to employees
• Employee credit card management – timely payment to credit card company and follow up with employees for aged expenses

Banking Transactions:

• Reconcile bank statements with company financial records on a regular basis.
• Process and manage electronic payments, including ACH and wire transfers.
• Ensure accurate and timely recording of all bank transactions in the accounting system.

Fixed Assets:

• Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets.
• Record fixed asset acquisitions and dispositions in the accounting system
• Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed.
• Reconcile the balance in the fixed asset subsidiary ledger to the summary-level account in the general ledger.
• To run depreciation for all fixed assets.
• Review and update the detailed schedule of fixed assets and accumulated depreciation.
• Conduct periodic physical counts of fixed assets.
• Recommend to management whether fixed assets should be disposed of.
• Conduct analyses related to fixed assets as requested by management.
• Prepare audit schedules relating to fixed assets and assist the auditors in their inquiries.

Collaboration and Reporting:

• Liaise with other departments (e.g., procurement, treasury) to ensure smooth processes across accounting operations.
• Provide regular updates and reports on accounts payable status and banking activities.
• Assist with month-end, quarter-end and year-end closing processes as needed.

Compliance and Internal Controls:

• Ensure adherence to MDT corporate policies, accounting standards, and regulatory requirements.
• Monitor and maintain compliance with tax regulations and financial reporting obligations
• Develop and maintain documentation related to compliance activities and procedures.
• Maintain confidentiality and safeguard the integrity of financial data.

Required Knowledge and Experience:

• Experienced commerce graduate / Inter CA.
• Minimum of 6/7 years of relevant experience in accounting or finance, with a focus on controllership functions in the areas of Accounts Payable, Banking and Fixed Assets.
• Strong knowledge of accounting principles, financial reporting, and internal controls.
• Proficiency in financial software and ERP systems (SAP).
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• High attention to detail and a commitment to maintaining accuracy and confidentiality.
• Working exposure with MNC or Medical device / FMCG is preferred

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position. 

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create.  We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
 

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 95,000+ passionate people. 
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Learn more about our business, mission, and our commitment to diversity here