Essential Functional:
Responsibilities:
- Financial Statements: Preparation of financial statements for year-end closing (both December and March year- end) in a timely manner.
- Month End Data Compilations: Ensuring and compiling various details for monthly / quarterly / yearly book closure such as working for Provision for expenses, Pre-paid expenses, Computation of Depreciation, Capital Gain/Loss on Fixed Assets, review of CWIP, Forex based restatement, Consumption/Purchase details, P&L Classification, Computation of Taxes etc.
- Maintenance of Books: Ensuring maintenance of all data necessary for closing books and compliances from respective team members in required formats and timely manner e.g. Sales Register, Purchase Register, Bank Book, Schedules for GL Reconciliations, Fixed Assets register etc. Also ensure that all Excel based manual schedules are also updated on a regular basis and available on/before month-end.
- Comply with the applicable Income Tax provisions:
- Ensuring monthly computation of TDS & TCS liabilities, their timely payment and quarterly submission of TDS & TCS returns in timely manner
- Ensuring computation of Advance Taxes and its timely payment
- Assist in preparing year-end Tax Audit details, estimating income tax and deferred tax liabilities and timely submission of Income Tax returns.
- Comply with all the applicable GST provisions:
- Ensuring timely submission for GSTR 1, GSTR 3B and ITC 04 return and GST payments.
- Reconciling ITC with GSTR 2A/2B on monthly basis
- Preparing necessary data for Annual GST Return and ensuring its timely submission
- Audit: Handling Statutory, Internal, Income Tax and GST audits and ensuring its timely completion
- MIS: Preparation of periodic management reports, various other analytical reports and assisting in presentations for management. Responding to management and corporate on various queries, information or data requirement when required.
- Policy compliances: Ensuring compliance with group’s corporate accounting procedures and compliance with the applicable accounting standards/IndAS.
- Arev ERP & Excel templates:
- Maintenance and optimum utilization of Arev ERP modules. Formulating and implementing necessary excel formats for required data.
- Explore technology for potential automation (Power Query, Power BI), participate taking lead role in implementation and Digital Transformation projects (Tally).
- Other Compliances: Assist/ensure in compilation of relevant details for other applicable statutory regulations when required. (MSME, Customs, FEMA, Cost Compliance etc.).
- Development and Improvements
- Implement required internal controls for efficient and smooth functioning of accounting and finance function.
- Identifying areas of improvement and bring about necessary changes. (Changes in Chart of Account, Reducing the Non-PO based entries, reducing invoice pending to be booked based on review of open GRNs, ensuring that entries are recorded with necessary information/codes required at the time of preparing reports etc.)
- Review of open Sales Orders, Work Orders, Purchase Orders and ensuring their timely closure by respective departments
Authorities:
The incumbent shall have authority:
- to access information, to obtain explanations and request additional information which are necessary to perform assigned duties
- to take work from respective team members within accounting team for assigned work.
- to ask for necessary details and information from team member of other departments as may be necessary to discharge his duties and work responsibilities properly. One can refer to Corporate Accounting procedures and internal local policies to understand rights imparted to accounting function.
- to use assigned company assets such as laptop/computers, access to necessary software
Supervisory Responsibility:
This position has direct supervisory responsibilities and does serve as a coach and mentor for other positions in the department.
Work Environment:
This job operates in a professional office environment. This role routinely uses standard office equipment such as laptop, computers, photocopiers, and smartphones This is an on-premises role, in Vadodara India.
Physical Demands:
While performing the duties of this job, the employee is regularly required to talk or hear. Specific vision abilities required by this job include close vision and ability to adjust focus. This would require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary.
