Practice Lead

Job Title
: Practice Lead (Canadian/US Accounting)

Location:
Mohali SAS Nager, PB India (Onsite)

Job Type:
Full-time (Timing: 4PM to 1 AM IST)

Role Definition -
The Practise Lead is responsible to lead the foreign accounting operations by ensuring accurate financial reporting, compliance and effective coordination with team to support organizational transparency and performance.

Key Result Areas (Responsibilities)

• Leadership role/Independent team building and handling:
• Set clear performance goals, KPIs, and expectations from the team
• Lead, Inspire, and Mentor a team of professionals within the practice area.
• Manage team capacity and allocate resources effectively across clients.
• Identify skill gaps and coordinate upskilling and training programs.
• Conduct regular performance reviews and provide actionable feedback.
• Effective Communication:
• Draft well-structured, grammatically correct, and courteous emails, reports, and documentation.
• Lead or contribute effectively to team meetings, client calls, and presentations.
• Prepare agendas, guide discussions, and summarize key takeaways for follow-up.
• Build strong rapport with clients by maintaining open, respectful, and regular communication.
• Address client queries, deliverables, and concerns in a timely and professional manner.
• Onboarding of new clients
• Serve as the primary point of contact for new clients during the onboarding phase.
• Onboarding new clients from setting up chart of account in QuickBooks/XERO to catching up their bookkeeping backlog
• Later switching these onboarding clients into monthly accounting clients, streamline their processes, preparing checklists and transition to regular accounting team.
• Understanding the clients' sales and business operations to design onboarding plan.
• Understand the client's business goals, needs, and expectations.
• Collect necessary documentation, data, or access credentials required to initiate services.
• Maintain accurate onboarding documentation and records.
• Create and manage onboarding project plans with clear timelines and deliverables.
• Monitor progress and keep clients informed of any delays or changes.
• Effective deliverables
• Prepare monthly, quarterly, and annual financial statements (P&L, Balance sheet, Cash flow).
• Deliver reports in compliance with relevant accounting standards (e.g., IFRS, US GAAP).
• Meeting compliance deadlines for the assigned clients
• Ensure deadlines are met for management and external reporting.
• Report daily/weekly cash positions and variances as required.
• Compliance-Focused Role:

To oversee accounting processes for international entities while ensuring full compliance with local regulations, tax laws, and international financial reporting standards and to mitigate financial and regulatory risks across jurisdictions.

Tasks

• Replying to all emails within 24 hours.
• Keeping full track of email actionable items + additional insights provided by the client related to process & month and year-end close PoV + filling gaps if the team ignores any year-end notes.
• Daily planning for themselves, the team and deliverables.
• Assessing challenges proactively to support the team in meeting/beating the TC Cycle (weekly queries, posting 25th, req list, bank queries, fixing bank queries, financials, taxes, year-ends).
• Reviewing bank queries (where the team is dependent on you).
• Audit bank queries (where the team is independent of you).
• Reviewing Expense Analysis from taxes, consistency, new supplier, contractors & payroll staff process, and overall SOP PoV.
• Review 100% sales, AR, undeposited/clearing accounts, merchant fees, region-wise sales taxes, GP & inventory > guiding team to update their approach.
• Review and finalize monthly financials for the client, including the accuracy of AP & AR Aging, Prepaid and accruals, Deferred, Tax Liabilities, Tax Estimates, and other BS and financial Items (where the team depends on you).
• Auditing the most critical and selective items in each monthly financial report (where the team is independent of you).

What Transcounts Offers

• Salary: Competitive salary package depending on the work experience.
• Benefits: 6 days sick leaves, 12 earned leaves, Medical Insurance, Dinner Meal & Annual Retention Bonus.
• Robust Growth & Learning Opportunities.
• Any questions, please reach out to

Skills: accounting,onboarding,team handling