Orkla ASA, based in Oslo, Norway, is a powerhouse in industrial investment, focusing on brands and consumer-centric businesses since its inception in 1904. Navigating diverse market landscapes, Orkla manages a broad portfolio spanning branded consumer goods, aluminium solutions, and financial investments. The company oversees 11 portfolio companies, employs over 20,000 people, and boasts an operating revenue of $5.43 billion, demonstrating a steadfast commitment to sustainable value creation.
Orkla India's success story is intricately linked to its ability to cultivate deep consumer connections with its flagship brands, MTR Foods and Eastern Condiments. These brands have transcended mere products, becoming household names synonymous with tradition, taste, and trust in Indian kitchens. MTR and Eastern Condiments are not just market leaders in their respective categories (ready-to-eat meals and spices), but also enjoy a special place in consumers' hearts.
A significant portion of Orkla India's sales come from exports. MTR and Eastern condiments resonate with the Indian diaspora and those seeking a taste of authentic Indian flavours. The "love" for these brands transcends geographical boundaries, making them successful exports.
Orkla India, in its endeavour to expand and fortify its portfolio in the Indian markets is consistently exploring opportunities for potential acquisitions. The evolution of Orkla in the Indian market has just begun, promising growth, diversification, and a stronger market presence.
We are committed to creating a work environment where every team member feels valued, respected, and empowered to contribute their best. At Orkla India we strive to be #AHomeToGrow which embodies our commitment to creating a nurturing and growth-oriented environment for our employees.
Through #AHomeToGrow, Orkla India reinforces its dedication to being more than just a workplace. We are a community that supports the holistic growth and well-being of our employees, making Orkla India a truly great place to work.
Our core values drive our everyday routine which enables us to uphold our commitment to delivering the authentic flavours of Indian cuisine to households around the world.
Brave (Innovation): Embrace change and actively seek new solutions, demonstrating the courage to explore innovative ideas that contribute to the company's growth and success.
Trustworthy (Reliability): Uphold a commitment to reliability by consistently delivering high-quality work, meeting aspirations, and fostering transparent communication to build trust with colleagues and stakeholders.
Inspiring (Continuous Improvement): Strive for personal and professional growth, inspiring others through a dedication to ongoing learning, excellence, and a positive impact on team dynamics.
This position is responsible for managing Income Tax compliance, with particular emphasis on TDS provisions, while overseeing Accounts Receivable (AR) operations for few Modern Trade and e-commerce customers. Key responsibilities include ensuring compliance with TDS requirements, supporting the filing of the annual Income Tax Return & AR related activities like managing collection accounting and debit notes, reconciling customer accounts, and ensuring the timely and accurate collection of receivables.
[A] Income Tax
· Monthly TDS Compliance & Payments
o Compute and review monthly TDS on professional 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.