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Assistant Manager Finance

2 months ago

india Illumine-i Full time

The Big Picture:

As the Assistant Manager - Finance, you will play a crucial role in managing the financial activities of Illumine-i. Your responsibilities will include ensuring compliance with regulations, providing strategic financial guidance, and optimizing financial operations. You will be responsible for financial reporting, accounting policy development, and compliance with various laws and regulations, all while driving cost management initiatives. Your work will be integral to maintaining the financial health and efficiency of the organization.


What you can expect as Assistant Manager - Finance at Illumine-i:


Financial Operations & Reporting:

• You’ll maintain and review general ledgers, journals, and account statements, including the finalization of accounts in accordance with I-GAAP, US-GAAP, and other relevant standards.

• You’ll ensure proper documentation for accurate and transparent financial transactions.

• You’ll prepare comprehensive financial reports, dashboards, and variance analyses, comparing month-on-month performance against budgets.

• You’ll consolidate financial statements at the group level.

• You’ll drive automation, standardization, and simplification of financial activities.

• You’ll develop and implement accounting policies, procedures, and internal controls to enhance operational efficiency.

• You’ll manage banking relationships and oversee cash management activities, including cash flow forecasting.

• You’ll assist in the preparation of annual budgets and forecasts.

• You’ll analyze financial records, identify trends, and project future revenues and expenses.

• You’ll approve purchase orders, manage store reporting, and coordinate trade documentation, financing, and insurance management.

• You’ll lead cost management initiatives across the organization.


Compliance:

• You’ll ensure compliance with the Delegation of Authority Matrix and other internal controls.

• You’ll coordinate audits for group companies and ensure timely completion of statutory and tax audits.

• You’ll ensure adherence to all applicable regulations and laws, including DT, IDT, SEZ, PF, and others.

• You’ll manage US tax compliance, including payroll, state, and federal level obligations.

• You’ll oversee payments and filing of returns under various laws and regulations.

• You’ll manage contractual obligations and ensure adherence to FEMA-related compliance for exports/imports.

• You’ll uphold ethical and principled approaches to compliance and risk management.

• You’ll regularly review and update financial policies to ensure they remain relevant and aligned with best practices.


Essential Qualifications include:

• BS/MS degree in accounting, finance, or a related field (or equivalent work experience). Professional qualifications such as CA Inter, CMA, CPA, or MBA in Finance with 5-12 years of relevant experience.

• In-depth understanding of Indian and US accounting standards, trade and tax regulations, and financial compliance.

• Experience in financial reporting, audit closures, MIS, Capex/Op Cashflow tracking, and trade documentation in a multinational corporation (MNC).

• Proficiency in financial management software and MS Office.

Ability to work as part of a team in a fast-paced environment with minimal supervision and flexibility to handle high-pressure situations.

• Strong communication and interpersonal skills for effective collaboration across departments and with external stakeholders.

• Strong attention to detail and accuracy.


Great to have:

• Stability in career, with a minimum of 2 years in each organization in previous experience.

• Experience with business intelligence tools, analytics platforms, and inventory management.

• Knowledge of Transfer Pricing (TP) and Overseas Direct Investment (ODI) regulations.