Finance Associate

2 weeks ago

Mumbai, Maharashtra, India Oxford International Education Group Full time ₹ 4,50,000 - ₹ 6,00,000 per year

Overall responsibilities

 Manage accurate & timely processing of all transactions including purchase ledger (incl. Concur expenses system), sales ledger, cash and commission

 Ensure all invoices, recharges and payments are processed on timely and accurately basis  Drive and coordinate the month end closing ensuring timely and accurate close and delivery of TB to the Finance Manager

 Taking responsibility for preparation, production and review of management accounts on a monthly basis including variance analysis (e.g. revenue, commissions etc) to budget/forecast as and when required.

 Preparation/assisting in preparation of monthly commentary/financial reports as required.

 Review performance against KPIs (financial and operational) in conjunction with the Finance Manager.

 Lead the local year-end audit process including preparation of audit packs, statutory accounts and tax computations as applicable (note year end for consolidation purposes is end of August).

 Provide information required for the group audit process at the group statutory year end  Preparing and filing local sales tax returns, preparing data for TDS returns and other statutory filings as applicable .Ensure revenue recognition is accurately reported, including deferred and accrued income reconciliations.

 Responsibility for credit control processes through reviewing debtor balances and working closely with the Finance Manager to facilitate cash collection and minimize bad debts.

 Advise the business on financial issues.

 Liaising with external accountants, service providers and other relevant third parties. The expectation is that the external accountant will deliver the statutory year end reports and assist with corporation tax affairs.

Team responsibilities

 Liaise and escalate issues as required with Finance Manager or other colleagues as applicable

 Comprehensive documentation of existing and new processes and controls.

 Strong management accounting, forecasting and statutory accounting experience.

 Experience of maintaining financial models using Microsoft Excel (Pivot Tables, Lookups, SUMIFs and Macros if possible) and known with Microsoft Office.

 Experience of preparing for external audit.

Qualifications:

 CA Inter / Article ship or Internship Completed (not giving exams) with the good Chartered Accountancy firm having overall experience

 Bachelor's degree or higher in Finance or related field with 3-5 years of relevant experience.

Location: Mumbai (Andheri)

Job Type: Full-time

Pay: ₹30, ₹50,000.00 per month

Benefits:

  • Health insurance

Work Location: In person

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