group head

Role : Team Lead - Finance - CA
Experience : 5 to 6 years
Qualification : CA
Location : Pune
Job Description :
Banking and Treasury Management:

- Cash Flow Management: Oversee daily cash flow management, ensuring sufficient liquidity for business operations. Forecast, monitor, and optimize cash balances.

- Bank Relationships: Maintain strong relationships with banking partners to optimize banking services, negotiate fees, and manage credit facilities effectively.

- Treasury Strategy: Develop and implement treasury strategies to ensure efficient utilization of available funds while mitigating financial risks.

- Cash Management Systems: Leverage automated banking and cash management systems to improve operational efficiency.

- Fund Transfers: Supervise domestic and international fund transfers, ensuring compliance with internal policies and external regulations.

- Credit facility renewal and Credit ratings with external agencies.

- Export AR compliance and FEMA compliance.

ODI and FDI compliance.

2. Direct Taxation:

- Tax Compliance: Ensure compliance with all relevant tax regulations, including income tax, withholding tax, GST (if applicable), and other direct taxes.

- Tax Returns: Prepare, review, and file direct tax returns for the company, ensuring timely submission and adherence to local and international tax laws.

- Tax Planning & Strategy: Work with senior management to identify tax-saving opportunities, efficient structuring, and reduce the overall tax burden of the organization.

- Tax Audits: Liaise with tax authorities during tax audits and assessments, ensuring that all required documentation is prepared, organized, and provided.

- Tax Provisions: Accurately calculate and record tax provisions, deferred tax assets, and liabilities in the financial statements.

3. Consolidation of Statutory Accounts:

- Consolidation Process: Oversee the consolidation of the company\'s statutory financial statements in line with accounting standards (IFRS, GAAP, or other applicable standards).

Intercompany Transactions: Ensure the correct elimination of intercompany transactions, balances, and investments during the consolidation process.

- Preparation of Financial Statements: Ensure the preparation of consolidated financial statements, including income statements, balance sheets, cash flow statements, and notes to accounts.

- Group Reporting: Coordinate the preparation of group-level financial reports for senior management, investors, and regulatory bodies.

- Statutory Compliance: Ensure that consolidated financial statements comply with all statutory accounting and reporting requirements.

- Audit Coordination: Liaise with external auditors, addressing any queries and ensuring all consolidation-related processes meet audit requirements.

4. Risk Management and Internal Controls:

- Internal Controls: Implement and monitor strong internal control systems to safeguard the company\'s financial assets, ensuring compliance with policies and regulations.

- Risk Management: Assist in identifying and mitigating financial and operational risks, especially in banking, treasury, and taxation areas.

- Audit and Compliance: Assist with internal and external audits, ensuring that all records and reports are accurate, transparent, and compliant with applicable accounting and tax standards.

5. Leadership and Coordination:

- Team Management: Lead and mentor a small team of accounting professionals, fostering a collaborative and efficient working environment.

- Cross-Functional Collaboration: Work closely with other departments, including finance, legal, and operations, to ensure smooth financial operations and compliance.

- Process Improvements: Suggest and implement improvements in accounting processes, treasury management, and tax compliance for enhanced efficiency and accuracy.