Specialist & Lead Analyst (immediate Joiner's)

Scope of work

Review of bookkeeping, monthly management reports, financial statements and tax return prepared by the accountants for small & medium scale enterprises in Australia.

Key Responsible Areas

• Manage a team of 3 4 accountants
• Allocate jobs to team members based on pre-defined skill sets, prioritize jobs based on client requirements and deadlines
• Attend the job planning meeting and brief the accountants about the job approach
• Provide guidance to accountants
• Review bookkeeping, financials and tax return work completed by the accountants
• Provide constructive feedback to accountants on their performance
• Conduct training/refresher programs
• Conduct research on tax treatment for specific problem related to a job and share the outcome with accountants
• Tracking and monitoring client queries and review points; ensure such details are cascaded to the team on a periodic basis. Also, ensure repetitive errors do not occur
• Provide effort estimation for jobs received, monitor actual hours over budgeted hours and ensure they have minimal variance
• Conduct time and motion study, arrive at SUT (Standard User Time) per transaction.
• Monitor performance of processors
• Completing RCA (Root Cause Analysis) for the errors and review points provided by the client
• Ensure client SLAs are met at all times or negotiated effectively to ensure there is no negative impact on the end client deliverables
• Articulate queries and categorize them into Assumptions, Information and Queries
• Participate in client governance calls on requirement basis.

Key Competencies

• Attention to detail and accuracy
• Planning and organizing
• Good written and oral communication skills
• Information and task monitoring
• Judgment and problem-solving
• Supervisory skills
• Team player

Qualifications

• Bachelor or Master Degree in Commerce or equivalent of Commerce (optional)
• B.com., with CA/ICWAI/ CMA inter (semi) qualified

Knowledge and Experience

• Knowledge in Generally Accepted Accounting Principles (GAAP)
• Working knowledge of various accounting software applications in Australia
• Working knowledge of sale of business, winding up of business and consolidation
• Minimum of 3 years working experience in Australian accounting and income tax laws
• Knowledge in small business entity concessions, capital gain tax, GST, Uniform Capital Allowance, pooling of asset, Division 7A, FBT,UPA, Personal Service Income, Non-commercial business loss rules, Tax Ruling, Class Ruling and Private Ruling
• Knowledge in workings of AP, AR and bank modules of bookkeeping
• Working knowledge of payroll, its reconciliation, concept of accruals and prepayments
• Knowledge in pay run, ABA file, bank portal workings
• Knowledge on PAYG withholding, Superannuation, Payroll tax, work cover rules
• Working knowledge of provisions applicable to GST
• Knowledge in tax laws applicable to commercial and residential property let out and sale of property
• Distinguish between Australian tax laws applicable for sole trader, partnership, company & trust
• Working knowledge on concepts of Hire purchase, Chattel mortgage, capital vs. revenue expenses, balancing adjustment, low cost vs. low value asset
• Working knowledge on General Ledger review and identification of tax sensitive areas.
• Knowledge on primary production and workings of closing stock
• Concept of inter entity loan, transactions and its reconciliation
• Concept of income tax reconciliation, accounting vs. taxable profit, borrowing cost vs. black hole expenses

Others

• Willing to work in shifts
• Willing to follow to client’s holiday calendar
• Willing to move internally to other business verticals of Sundaram