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Financial Operations Manager
1 week ago
About VAP Group
We are a global consulting firm at the forefront of the Web3 and AI revolution, offering our clients innovative solutions in these emerging spaces.
Our deep industry knowledge and global team enable us to deliver high-quality services that meet today's demands and anticipate tomorrow's opportunities.
About the Role:
We seek a skilled Account Executive to oversee financial operations, including monthly reporting, compliance (GST, TDS, VAT), and accounts reconciliation for India and UAE. This role requires accurate record-keeping using Zoho, supporting audit processes, and managing accounts receivable and payable.
Key Responsibilities:
- Prepare monthly management accounts, including Profit and Loss statements and Balance Sheets, for both India and UAE operations.
- Generate and record revenue invoices daily, ensuring accuracy and timeliness.
- Oversee payment processes and manage vendor-related activities effectively.
- Maintain compliance with statutory requirements, including GST, TDS, and VAT, for India and UAE on a regular basis.
- Support audits by maintaining accurate financial records and documentation.
- Update the books of accounts daily in Zoho software for both India and UAE businesses.
- Ensure accurate recording of sales transactions and implement robust systems to address discrepancies.
- Perform cash and bank reconciliations regularly.
- Handle monthly accruals, prepaid allocations, and timely closure of financial books.
- Manage Accounts Receivable and Accounts Payable efficiently.
- Implement an effective system for invoicing and tracking debtors, ensuring regular monitoring and follow-ups.
- Maintain the purchasing system, reconcile creditor statements, and address any related queries promptly.
- Assist in closing monthly accounts in compliance with IFRS and support the Head of Finance during audits.
- Prepare and submit GST and TDS returns for the India business on time, and support VAT-related processes for the UAE business.
Requirements:
- A driven, confident, and professional individual with excellent communication, organizational, and analytical abilities.
- Background as a CA Intern, preferably with experience in a CA firm or marketing agency.
- Postgraduate qualification with 4-5 years of experience in accounting and finance.
- At least 4 years of hands-on experience in filing GST, TDS, and VAT returns.
- Proficiency in using accounting software, particularly Zoho.
- Demonstrated accounting expertise, ideally gained in an accounting firm or industry role.
- Qualified or part-qualified accountant preferred.
- In-depth understanding of accounting principles, standards, and procedures.