Head of Financial Accounting
2 weeks ago
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Position Title: Head Financial Accounting IndiaLocation: Nesco, Mumbai
Role:Heading the Financial Accounting team, responsible for monthly closings as per scheduled timelines, Statutory and Group audits, Liaison with various statutory authorities for Direct/ Indirect tax, Labour law assessments, Leading central & region team, Governance with Shared Services for P2P, O2C, R2R, T&E, FA activities, ERP implementation (Project)
Key Responsibilities:· Month end reporting:Analysis of financials before month end finalizationAnalysis of sales accrualsAnalysis and finalization of profit centers & cost centers - expense provisions, credit notes to clients, client deductions, employee expenses, salary variance analysisBalance sheet reconciliation analysis, reporting correct P&L and all key MS metricesCompliance with IndAS and IFRSAdherence to Group Accounting ManualProviding the correct profit & lossEnsuring all the adjustments entries are recorded on timely basisWorking with finance shared services to ensure timely and accurate closure of all accounting activitiesAuditHandling statutory, internal and group auditsEnsuring correct data is provided to auditors on timely basisPreparing and finalizing Balance sheets along with all notes, intercompany detailsCalculation of CSR expenses, MSME interest, Gratuity and leave encashment actuarial valuations, ensuring posting of all adjustment audit entriesLiaison with various other departments like legal, HR, IT, Tax for notes and reconciliationAddressing all audit queries and working with local management to address themGovernance with Regional & Shared services TeamResponsible for Governance with regional teams, co-ordination with regional finance managers (RFMs) & Shared Services Team to ensure governance related to P2P, O2C, R2R, T&E, FA activities, collections, ensuring RFMs are imparting their responsibilities on timely basisCompliances, audits and assessmentsHandling and co-ordination in various audits/ assessments related to HR (PF, ESI, etc), state VAT/ GST, Direct taxes – ensuring correct data is being prepared and provided to all authorities in a timely manner, liaison with authorities on a case to case basis and closing the assessmentsOther responsibilitiesHandling team and ensuring their deliverables on a timely basisDevelopment of team skills, adopt new technologies to bring efficienciesWell versed with India ASWell versed with other laws related to GST, Labor laws, Direct tax, etcCo-ordination with key personnel in Operations, HR, Tax, IT to ensure correctness of reporting and timely resolution of issuesMaintaining the Delegation of Authority (DOA) matrix and ensure that it is being complied with
Experience | Skill RequirementsGood management skills and able to successfully manage a large, diversified team.CA preferably with bachelor’s degrees in accounting or related field with minimum 10+ years of relevant experienceGood working experience of ERPs like SAP, Oracle, MS AX or equivalentRelevant Experience in similar roles of 2 to 3 yearsAbility to work under pressure for tight deadlines.Excellent communication skills, including ability to efficiently write emails and memos.Exhibit exceptional skills in organization, accuracy, consistency, and attention to detail.Excellent liaison skills
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