Head - Accounts & Finance

Role & responsibilities

Maintaining a strong set of financial controls in the areas of invoice processing, vendor account management and overall accounting administration.

Leading, guiding & mentoring a team:

a. Handling end to end vendor advances, advance settlements, payments, related MIS requirements & handling escalations.

b. Handling end to end employee advances, settlement, reimbursement activities, requirements & handling escalations.

c. Ensuring reconciliations of creditors, advance payments, all related schedules for vendors and employees including bank reconciliations.

d. Handling Trend analysis publications and meetings with respective department to eliminate non STP vouchers processing.

e. Handling branch petty cash activities, requirements & handling escalations.

f. Ensuring zero escalations and reviewing petty cash limits at locations.

g. Handling Insurance commission data maintenance, invoice raising, receivable reconciliations.

h. Handling securitization data maintenance, invoice raising, receivable reconciliations.

i. Handling Rent payments, security deposit payments, utility payments along with appropriate data maintenance.

j. Handling & maintenance of fixed asset register, tagging, physical verifications. Handling depreciation calculation & posting of appropriate entries.

1. Direct & Indirect taxes:

• Leading team handling GST/TDS data compilation, reconciliation, payments to regulators, all related returns filing.
• Handling advance tax computations, advance tax payments, Income tax return filing.
• Handling all direct & indirect tax related notices, tax assessments & regulator data requirements.
• Ensuring timely & accurate compliance with the related regulations.
• Handling related audits & automations.

. Ensure handling of audits & requisite internal/external/regulatory reporting:

• Handling internal, external audits & RBI audits.
• Handling Action Taken Report of Board & various other forums in coordination with Secretarial function.
• Reporting of GL reconciliation & other data to various internal reporting forums, process approval committee & any other forum as may be required.

2. Reconciliations & MIS publishing:

• Handling reconciliations of GL / Bank accounts under the ownership of entire finance function.
• Publishing of the exceptions to stakeholders on weekly basis & coordination for resolution of open entries.
• Preparation & reporting of monthly receivable/payable accounts, ageing reporting, other asset / other liability schedules etc.

3. Automations:

• Initiating appropriate automation of various activities to improve TAT, reduce risk & enhanced process controls.

4. Process documentation & Other activities:

• Ensuring all SOP & process notes are available & are regularly updated. Ensure that the documented processes are adhered to.
• Managing month end financial closure, month end accounting entries, provisioning & related accounting. Handling coordination with stakeholders/IT for mismatches / concerns if any.

Preferred candidate profile

1. A Chartered Accountant with 10-15 years of relevant experience in Finance, Accounts Payable, Taxation activities preferably from Banking / NBFC industry.

2. Having excellent verbal, written communication skills.

3. Prior experience of team handling (team size up to 5- 7 people).

Having experience in multiple stakeholders engagement & coordination