SM / AVP – Accounts & Finance

Company Overview

Not specified.

Job Summary

The SM / AVP – Accounts & Finance is responsible for overseeing the company's finance and accounting functions, ensuring compliance with statutory regulations, managing financial reporting, and maintaining internal controls. This role plays a critical part in strategic financial planning, tax management, and stakeholder reporting, contributing to the organization’s financial health and regulatory adherence.

Responsibilities

• Lead the finance & accounting functions, including planning, budgeting, MIS systems, and tax planning.
• Prepare accounting statements such as Balance Sheet and Profit & Loss Account on a quarterly and annual basis.
• Ensure compliance with Income Tax Act, Corporate Tax, GST, and other statutory requirements, including timely payment of all tax liabilities.
• Manage statutory payments such as TDS, GST, advance tax, PF, PT, ESIC, ensuring adherence to due dates.
• Ensure financial reporting complies with Negotiable Instruments Act, Companies Act, IND-AS, IT Act, SEBI guidelines, and other relevant standards.
• Coordinate with government representatives for guarantee claim settlement and processing.
• Liaise with internal auditors, tax auditors, and statutory auditors to facilitate smooth and timely audits.
• Communicate with RBI, auditors, and government departments for clarifications and compliance.
• Prepare fees invoices for customers as per contractual terms.
• Analyze financial discrepancies and recommend effective solutions.
• Maintain accurate records of recoveries from borrowers, prepare distribution statements, and ensure timely payments to stakeholders.
• Prepare various reports related to collections, distributions, and expenses for trusts and stakeholders.
• Ensure compliance with working capital facilities from banks.
• Oversee timely accounting and payments of vendor and staff bills.
• Establish and enforce internal controls to safeguard assets and prevent fraud.
• Stay updated on industry trends, market conditions, and sector-specific dynamics.
• Promote transparency, accountability, and adherence to corporate policies.
• Develop and maintain internal control systems, prepare periodic financial results, and submit reports for management review.

Qualifications

• Educational Qualifications: CA (Chartered Accountant) or MBA (Finance)
• Technical Skills:
  • Proficiency in financial software such as SAP or SuccessFactors
  • Advanced Excel skills
  • Strong taxation knowledge
  • Experience with audit and internal controls
  • Excellent presentation and analytical skills
• Soft Skills:
  • Robust knowledge of financial processes and accounting practices
  • Outstanding quantitative and analytical abilities
  • Excellent negotiation and leadership skills
  • High attention to detail

Preferred Skills

• Experience in the asset reconstruction sector or related financial services
• Familiarity with regulatory bodies such as RBI, SEBI, and government departments
• Knowledge of industry-specific financial trends and market conditions

Experience

• 8 to 15 years of relevant experience in finance and accounting roles, preferably within financial institutions, asset reconstruction, or related sectors.

Environment

• The role involves working in a professional office setting, with potential interactions with government agencies, auditors, and internal teams.
• The position may require periodic travel for audits, meetings, or regulatory compliance.

Salary

Not specified.

GrowthOpportunities

Not specified.

Benefits

Not specified.