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 LifeOur Global Diabetes Capability Center in Pune is expanding to serve more people living with diabetes globally. Our state-of-the-art facility is dedicated to transforming diabetes management through innovative solutions and technologies that reduce the burden of living with diabetes.We are seeking a highly skilled and motivated Principal Accountant to join our team.
This position is an exciting opportunity to work with Medtronic's Diabetes business. Medtronic has announced its intention to separate the Diabetes division to promote future growth and innovation within the business and reallocate investments and resources across Medtronic, subject to applicable information and consultation requirements. This separation provides our team with a bold opportunity to unleash our potential, enabling us to operate with greater speed and agility. As a separate entity, we anticipate leveraging increased investments to drive meaningful innovation and enhance our impact on patient care.
Responsibilities may include the following and other duties may be assigned.
Month End Closure:
- Lead the month-end, quarter-end and year-end closing processes, ensuring all financial transactions are recorded accurately, like financial provision, lease accounting, payroll entries, necessary reclass entries etc.
- Coordinate with cross-functional teams to gather required information and meet deadlines.
- Prepare and review closing reports and other analytical or closing reports.
- To prepare Balance Sheet reconciliation on monthly basis
- Analyze financial variances and prepare detailed reports for senior management, identifying any discrepancies and proposing corrective actions
- Ensure compliance with internal controls and accounting procedures during the month-end closing process
- Assist in the preparation of management reporting
Intercompany Management:
- To handle intercompany monthly cross charges
- Follow up for recovery of outstanding AR and processing payments
- Ensure proper documentation and compliance with internal and external policies regarding intercompany transaction
Taxation:
- Handle TDS compliance of the company – Monthly TDS payment, quarterly return filing, TDS certificates distribution, managing vendor’s queries
- Manage GST Compliance – Monthly filing of GSTR-Returns, payments, yearly GST returns
- To prepare GST reconciliation on monthly basis
- Assist in preparing GST Refund submission
- Assist in advance tax calculation, computation of income
Other Compliances:
- Manage various return filings like MSME-1, Foreign Liability and Assets form
- To conduct actuarial valuation for Gratuity and Leave Encashment
- To update the commercial registrations as and when required
- Assist in various Non-STPI return filings like SOFTEX, APR, MPR
Audit Support:
- Assist in internal and external audit during financial audits like statutory audit, tax audit, transfer pricing audit etc.
- Provide necessary documentation, explanations, and support to facilitate the audit process.
- Address audit findings and implement corrective actions 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:
- Chartered Accountant / ACCA
- Minimum of 7/8 years of relevant experience in accounting or finance, with a focus on controllership functions in the areas of Internal Controls, Taxation, books closure and Audit.
- 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 devise / 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.
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.
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.
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