Financial Objectives, Controls and reports:
• Support the department head in the implementation of financial plans related to Financial Accounting in-order to meet the departmental objectives and to ensure financial stability and cost benefits for the organization. Assess and measure control measures for Financial Reporting.
• Maintain Chart of Accounts (COA) and General Ledger (GL) Hierarchies/Organization Structure which includes managing the process for COA and Hierarchy change requests from Entities while adhering to a control framework. Liaise with other Group entities as needed to ensure compliance with Groups COA structural requirements.
• Responsible for issuance of consolidated and standalone statutory/ financial statements and reports, audit co-ordination and financial accounting and schedules in line with Company policies and procedures to ensure compliance with relevant financial reporting standards such as IFRS for all entities.
• Generate Ad Hoc Reports as and when required by the business and external third parties by coordinating with the concerned departments for information required for consolidating the reports.
• Provide quarterly/semi quarterly and consolidated regulatory and financial report(s) on non-compliance and governance with recommendation and corrective actions for decision making to senior management to make informed decisions.
VAT
• Manage monthly VAT return preparation, review and submission process. Review, reconcile and approve monthly VAT Returns to ensure accurate, timely and complete submission of VAT returns. Collaborate with the VAT consultants for accurate and efficient submission. Stay up to date on current VAT and excise duty regulations and changes to apply as per business requirements.
• Provide advice on general VAT liabilities and VAT implications of transactions to the wider business. Ensure adequate reflection of such transactions in the VAT return.
• Manage monthly VAT refund submission process and document information as applicable.
• Carry out adhoc projects to review selected business activities and processes to manage VAT risks.
• Stay abreast with any new tax regulations, assess their implications on company and support in implementation of new tax regulations in the company.
Corporate Tax
• Ensure compliance as per applicable laws and requirement by reflecting correct accounting treatment.
Systems:
• Provide input for the development and enhancements of systems in coordination with other concerned department to meet departmental business requirements and to be in line with best standards.
• Provide inputs and suggestions for continuous improvement of Financial Reporting processes and practices taking into account ‘International Best Practice’ changes in International Standards and changes in the business environment which demand proactive action plans in line with company objectives.
GL activities
• Review monthly financial accounts, balance sheet schedules, management reports and financial analysis within stipulated deadlines.
Audit:
• Schedule Internal/External/Government/Third Party audit activities and prepare for the auditing of financial data and assist the auditors for completing audits as per the schedule.
• Prepare action plans for audit findings and interact internally and externally to ensure all the audit findings are worked on and successfully dealt with facilitating subsequent audits. Maintain and manage audit clearance and external audit ICR (Internal control Review) documentation.
Policies, Processes, Procedures and Practices:
• Provide inputs in developing financial policies, processes, procedures and practices for financial management that ensure adequate financial controls over all company operations thereby ensuring the cost advantage in all its resource utilization and financial activities.
• Review and evaluate the financial information periodically/regularly to ensure compliance with company policies and procedures and effective control within the company.
Advisory and Leadership:
• Provide support to team in interpreting, analyzing, and concluding the financial accounting issues related to application of Internal Policies and Accounting Standards.
Conduct in-house trainings for the team members to keep them updated regarding the standards for financial accounting and ensure timely resolution of their queries.