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Verified Job Accounting - Finance

Accounts manager

Mumbai, Maharashtra
Accounting - Finance
#294484
Remote / WFH

Job Description

PURPOSE OF THE ROLE

To lead and guide the Accounts function towards meeting short-term and long-term business and departmental objectives within the overall

strategy framework and driven by the values of our organization.

SCOPE OF THE ROLE

Will lead: 4-5 accounting staff wi

Will report to: The Head of Accounts and Finance

Interactions: Leadership team, managers from other departments & employees , auditor, various regulatory authorities and

agencies, consultants and advisors.

Essential Job Functions

STRATEGY

Assist in the development of short term and long term organization business plans, budgets and appropriate MIS and reporting

processes.

Work closely with the sales & marketing, operations, talent management, IT and corporate strategy team, for co-ordination of

various organizations tasks and activities.

Support in formulating policies governing the Finance and Accounting Department

Support in the development of operating plans for the effective running of finance and accounts team.

Support in the cascading of elements of the operating plan to reporting teams and / or cross functional teams when called upon.

Support in the periodic review and alignment of the operating plan of Finance and Accounts teams to the overall corporate

strategy.

Support in the Periodic evaluation of the finance and accounts strategy and plan to ensure alignment and high level of contribution

to overall organizational effectiveness.

OPERATIONAL

ACCOUNTING

Ensuring all expenses are correctly accounted and provided in the books of accounts and all necessary taxes are

deducted on the same if applicable.

Ensure periodic review of Accounts Receivable and identify and flag problem accounts to the Accounts

Management team and escalate as appropriate.

Ensure prudent and accepted norms are followed for Revenue recognition and maintain detailed reconciliations of

all related Revenue accounts.

Manage the month end books of accounts closing process as per the month end calendar for all countries /

entities.

Ensure periodic general ledger scrutiny and reconciliation of all Balance sheet Accounts (including all Bank

reconciliations) on a monthly basis.

Provide timely and accurate MIS /MMR as per laid out calendar to the Management.

Ensure all books of Accounts are maintained accurately and timely as per the Accepted Accounting Procedures.

Ensure that statutory audits and Internal Audit are completed with NIL qualifications within prescribed time limits.

Lead the program for Physical verification of Assets and ensure that physical assets are tagged and reconciled to

the Fixed Asset Register and present the final report to the Board of Directors.

PAYROLL

Ensure timely and accurate disbursement of employee payrolls, reimbursements, taxes, PF etc. on a monthly

basis.

Ensure that payroll process is designed and reviewed periodically to ensure adequate internal controls.

Ensure all compliances related to payroll are complied with on time.

TAXATION

Support the Finance head in all Tax planning initiatives (direct and indirect)

Interact with Tax advisors and seek clarifications on company matters pertaining to taxation and keep oneself

abreast of latest developments and changes in Taxation laws.

Ensure that Tax Audits and Tax returns are completed on timely and accurate basis.

Ensure that all refunds from Taxation authorities are adequately followed up and obtained.

Ensure proper and accurate accounting and reconciliation of all Tax accounts on a quarterly basis.

Ensure that all Direct and Indirect Tax returns (Income Tax / TDS / GST / VAT etc) are filed on a timely basis.

Ensure computation of advance tax and payment of all taxes direct and indirect is done on a timely basis.

OVERALL

Review and Improve processes and systems to ensure smooth, effective and efficient operations in the accounts department.

Monitor and lead various initiatives like quality improvement/measurement, automation, etc.

Participate in cross functional teams (as and when applicable)

Internal

- 2 -

Ensure that the functions and tasks are well managed as per laid down standards and norms

Develop and proactively review and propose changes as needed to the team structures to meet / exceed business objectives.

PEOPLE

Proactively review the human resource requirement planning for the team.

Recruit/participate in recruitment of team members

Mentor and groom team members.

Nurture star performers in the team for effective succession planning by appropriate coaching and grooming

Ensure team members are highly motivated and have a high morale.

CORPORATE ALIGNMENT

Champion our culture by role modeling behaviors.

Create a work environment that nurtures and supports diversity and has an inclusive work culture.

Communicate company vision, mission, and goals. Ensure complete alignment of the team to overall company objectives.

Ensure data confidentiality, integrity and protection of company's intellectual property.

Ensure productive work relationships are established with all relevant internal functions.

KEY RESULT AREAS (KRA)
• Meet & Exceed Business targets
• Meet & Exceed Quality targets
• Meet & Exceed people management targets
• Meet & Exceed finance/cost/productivity targets
• Meet & Exceed Client related targets

COMPETENCIES & CAPABILITIES (Kindly refer to the enablers grid for a detailed explanation of skills & capabilities)

Knowledge Skills Capabilities

Domain knowledge relevant to

the function Communication

Dealing with ambiguities/ chaos

And conflicts

Accounting principles IGAAP and

IFRS Decision making Process Oriented

Companies Act to the extent it is

applicable to the accounting area.

People development (attract, retain, coach,

motivate, develop) Build and nurture relationships/network

Broad understanding of Income

Tax, Service Tax and other

indirect Taxes. People Management (plan, delegate, review etc.) Quality orientation

Client orientation/centricity

Result orientation

UNIQUE CIRCUMSTANCES

Working in client specific time zones ( PST, EST, CST, GMT)when needed

Some travel (national/international) may be required

Should be willing to take short / long term transfers across different geographies and/or roles.

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