Vice President

Job Description

Vice President (Financial Accounting, Control and Reporting)

We have been retained by our client, a well-established, professionally managed securities and broking house, an affiliate of a foreign bank to identify a Vice President (Financial Accounting, Control and Reporting). The position will be based at Mumbai.

JOB PURPOSE: To manage timely & accurate closure of monthly financial statements with all the required checks and controls with regards to Balance Sheet, P&L, Trial Balance and ensuring compliance of group accounting policy, including local reporting as well as group reporting under IFRS and IGAAP

Interfacing with Statutory/Internal Auditors for timely/smooth audit execution and delivery. Drive follow-up actions for resolving/addressing audit issues

Actively participate in the development and preparation of the cash flow/cost initiative plan through the development of forecasting and budgeting, working closely with key internal stakeholders, to agree plans, initiatives and policy in order to meet business objectives

To effectively manage the Taxation Function (direct tax and indirect tax) of the company with a view to minimizing tax risks and consequent P&L impact

Management of local tax compliance and relationship with local revenue authorities for the company

RESPONSIBILITIES: Financial Reporting: Prepare or oversee the preparation of financial reports, such as income statements, balance sheet, and analysis of future earnings and expenses

Produce monthly management accounts for all departments in a timely and accurate manner

Preparation and Reporting of monthly Balance Sheet and P&L to Head Office

Prepare financial statements, business activity reports and forecasts

Preparing and reviewing monthly dashboard for the senior management

Liaison with Statutory, Internal, SEBI Inspection, System Auditors and ensuring smooth audit

To prepare MIS and report to various levels of management on daily basis

Coordinate with various audit teams like statutory auditors, tax auditors, SEBI inspectors and provide them the required data and resolving the queries raised by them

All the month end closing activities including monitoring of control accounts, capitalization of assets purchased, reconciling fixed assets register with accounting system

Effectively liaising with the head office team and responding to various queries raised by them

Prepare and Submission of financial statements to SEBI on yearly basis

Taxation: Tax administration- to establish and administer tax policies and procedures

Co-ordination for group FII tax returns & compliances. Manage & co-ordinate the tax assessments and litigations at different levels of tax departments

To ensure that the various Tax requirements are complied with on a timely basis - advance tax, corporate income tax & wealth tax returns, tax audit report, review and filing of appeals etc.

To handle GST, TDS, Professional Tax, & related taxation issues. SEBI compliances, other statutory compliance as per prescribed guidelines

Filing of Income Tax returns, TDS returns, Goods & Services Tax returns, Professional Tax returns and Tax audit reports

Preparation of Tax Audit and Transfer Pricing reports, preparation and submission of data to various tax departments, monthly Goods & Services tax calculation and Goods & Services tax return filing, follow up with tax authorities for orders and refunds

Identify and implement areas of tax reduction and savings. Identify and mitigate tax risks, ensure minimal P&L impact arising out of tax risks etc.

DESIRED SKILLS :

Excellent communication and presentation skills

Strong analytical and organizational skills

Proficient with Microsoft (Excel, PowerPoint, Word)

High numeracy and sound technical skills

Problem-solving skills and initiative

Strong attention to detail and an investigative nature

Good time management skills and the ability to prioritise

Ability to work as part of a team and to build strong working relationships

Capacity to make quick but rational decisions

Potential to lead and motivate others

To deliver under pressure, meeting stringent deadlines

Strong understanding of Management Reporting / Budgeting Process

In depth understanding of various Tax Laws

CANDIDATE PROFILE : Candidates should be Chartered Accountants with about 8 to 12 years of relevant experience in the securities and broking industry.Candidates should be Chartered Accountants with about 8 to 12 years of relevant experience in the securities and broking industry.

Interested candidates meeting with the above requirements may please respond with a recent photograph and resume in word format to cspl@csplsearch.com

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Keyskills :
project managementautomationcost controldeliveryltdtax auditincome taxdirect taxwealth taxadvance taxtax returnsfixed assetsaudit reportbalance sheettrial balanceaudit reportstax reductiontax complianceproblem solvinggoodsservices tax