CA, 5-6 yrs PQE, Manager General Accounting, on a Contract Basis at NBFC , Mumbai

  • 5 - 6 Years
  • Not Mentioned
  • mumbai
  • permanent
  • Chartered Accountant
  • Others

    □ Change of a management position, e.g. due to organisational changes, task changes

    □ Setting up a new management position

     Reoccupying a management position

    □ Occupying a position with a global employee (all levels)

    □ Other (e.g. Announcement to Management Circle or Upper Management Circle)


    This position plays a key role in following areas:

    1. Financial Reporting under Indian Generally Accepted Accounting Principles, International Financial Reporting Standards (IFRS), Indian Accounting Standard (IND AS).

    2. Statutory Audit / Internal Audit / Head Quarter Audit / Reserve Bank of India Inspection.

    3. Direct and Indirect taxation and related returns.

    4. Regulatory Reporting to Reserve Bank of India and Head Quarters.

    5. Monthly preparation of Financial Statements & internal MIS reports

    6. Posting and authorization of payments to Vendors & employees

    7. Balance Sheet Analysis & follow-up for receivables / advance / deposits

    8. Expense Variance Analysis with Budget & previous periods


    Main Tasks (relating products, services …)

    1. Financial Reporting:

     Monthly Preparation of Indian Generally Accepted Accounting Principles Financials (IGAAP) & IFRS Financials.

    I. To monitor all sub processes involved in the monthly closing of IGAAP / IFRS Financials.

    II. To act as a backup for doing all sub processes involved in monthly closing in the absence of Assistant Managers

    III. To review bank reconciliations on monthly basis for all banks and sign them off.

    IV. To perform General Ledger scrutiny on monthly basis.

    V. To prepare Monthly, Quarterly, Half Yearly, Yearly financials for management reporting.


     Preparation of International Financial Reporting Standards (IFRS):

    I. To prepare working for GAAP difference between IFRS and IGAAP on Treasury Products like Commercial Papers (CP), Non-Convertible Debentures (NCD) etc, for Dealer Funding & Insurance business.

    II. To prepare financials under IFRS for Head Quarter Reporting.


     Preparation of IND AS Financials:

    I. To prepare working for GAAP difference between IND AS and IGAAP on Treasury Products like CP, NCDs etc, Dealer Funding business, Retail business and Insurance business.

    II. To prepare financials under IND AS for management reporting.


     Statutory Audit / Internal Audit / Head Quarter Audit / Reserve Bank of India Inspection etc.:

    I. To prepare annual accounts of the company along with all schedules and notes.

    II. To prepare reports/accounts under Half Yearly Limited Review requirements and get it audited.

    III. To facilitate internal audit, Head Quarter audit, Reserve Bank of India inspection and provide all data/information requested.

    IV. To act as a coordinator between all departments and auditor for all audit related requirements.

    V. To respond to all audit related queries and provide all supporting and required information on time.

    VI. To finalize audit well before deadline.


    2. Taxation:

     Payment of Monthly Tax Deduction at Source:

    I. To ensure Tax Deduction at Source is properly deducted on all expenses eligible for Tax Deduction at Source and booked under correct Tax Deduction at Source code


    3. Management Activities:

     To manage the activities of all direct reports.

     To provide information / data to all departments (whenever asked for) for their Management Information System purpose.

     To act as level I authorized signatory in bank payments / transfers.

     To assist management on financial information and data requirements.


    4. Operational Risk Management Coordinator:

     To identify activity wise inherent risks, controls to mitigate the same risks, risk triggers, risk indicators, minimum / maximum loss and prepare the template as required by operational risk team.

     To assess whether any financial loss has occurred to the company because of fraud or non-compliance with any of the standard operating procedures set for the accounts departments on monthly basis.


    5. Expenses Variance & Balance Sheet Analysis:

     To analyse expenses with Budget and previous periods, variances to be explained with comments

     To do monthly Balance Sheet analysis and follow-up / coordinate for receivables / advances / deposits.


    6. Vendor Payment / Employee Reimbursements:

     To monitor and check Vendor / Employee payments.

     To ensure Compliance with GST payment and Input tax credit

     To ensure timely and accurate payment to Vendor / Employees with appropriate tax deduction.





Employer Profile :

  • NBFC , mumbai