The BNK Group | Director of Finance And Accounting | mumbai

1 week ago

mumbai, India The BNK Group Full time

Role:

  • Lead the Finance & Accounts function of the business, thereby ensuring availability & optimum utilization of funds, cashflow & effective risk management.
  • Ensure maintenance of accurate accounting data & timely compliance, as per the expected laws & regulations.


Responsibilities:

Budgeting & Forecasting

  • Along with the CMD & ED, undertake the process of budgeting and financial forecasting.
  • Analyze expenditure variances as against planned and apprise the Managing Director in case of deviations, for initiating the corrective actions.


Liaising

  • Liaising with & negotiating terms with banks for arrangement of funds.
  • Coordinate with the bank authorities regarding loans & other requirements.


Statutory Compliances

  • Ensure timely compliance with all statutory and regulatory authorities including ROC compliances.
  • Preparing quarterly performance reports & sharing the same with the shareholders.
  • Avoid legal challenges by understanding current and proposed legislation. Implement the accounting regulations.
  • Check the bills to comply with local stipulations of finance, tax and relevant legal provisions.
  • Monitor GST Returns - GSTR 1, GSTR 3B and Annual return; reconciliation of Input Tax Credit.
  • Monitor TDS compliance, deduction and monthly payment, preparation and submission of TDS returns.


Financial Monitoring & Reporting

  • Keep a tab on the project-wise expenses & receipts.
  • Work closely with the Executive Director for managing cashflow.
  • Monitor day to day accounting (including accounts payable and accounts receivable) for all group offices.
  • Reconcile Accounts Receivable, Accounts Payable including ageing analysis.
  • Confirm financial status by monitoring revenue and expenses; coordinate the collection, consolidation, and evaluation of financial data; and prepare reports as required by the Managing Director.
  • Prepare various monthly/quarterly/annual reconciliations.
  • Coordinate for audit completion - Statutory Audit and Internal Audit; submission of data related requirement co-ordination with auditors.
  • Work on tax saving initiatives / ideas.
  • Prepare monthly MIS reports


Leading the team

  • Lead the Accounts team to build a culture of timely, accurate & efficient work deliverables.
  • Mentor team members and help them to improve their accounting knowledge.
  • Screen & hire suitable candidates for the Accounts positions.
  • Ensure handholding & training of the new hires.


Qualification

CA


Experience

Minimum 15 years of which at least 5 years in Senior Management Position

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