Deputy Manager:Finance and Accounts_AFL

Key Responsibilities
A. Financial Reporting & Accounting
Financial Statements & Closing Activities
• Preparation and review of monthly, quarterly, half-yearly, and annual financial statements.
• Preparation of financial statements under:
o Indian GAAP (IGAAP)
o Indian Accounting Standards (Ind AS)
• Ensure timely month-end, quarter-end, and year-end financial closing.
• Review of trial balance, general ledger scrutiny, account reconciliations, and balance sheet substantiation.
Ind AS & Technical Accounting
• Ensure compliance with applicable Ind AS requirements, including:
o Ind AS 109 - Financial Instruments
o Ind AS 32 & 107 - Financial Instruments Disclosures
o Ind AS 1 - Presentation of Financial Statements
o Ind AS 12 - Income Taxes
o Ind AS 116 - Leases
o Ind AS 115 - Revenue Recognition
• Preparation of technical accounting position papers and accounting memos.
• Evaluation of new accounting standards, amendments, and regulatory guidelines impacting the business.

Regulatory & Statutory Reporting
• Preparation and review of disclosures required under:
o Companies Act, 2013
o RBI Directions applicable to NBFCs
o SEBI regulations (where applicable)
• Coordination with statutory auditors, internal auditors, tax auditors, and regulatory auditors.
• Closure of audit observations and support during audits.
Financial Analysis & Controls
• Preparation of schedules, notes to accounts, and supporting workings.
• Review and monitoring of provisioning, ECL computations, and financial reporting impacts.
• Strengthening financial controls, accounting processes, and reporting systems.
• Ensuring compliance with financial reporting policies and SOPs.
MIS & Management Reporting
• Preparation of financial MIS and analytical reports for senior management.
• Variance analysis, trend analysis, and commentary on key financial metrics.
• Support business teams in accounting treatment and financial reporting implications of transactions.
Systems & Process Improvement
• Coordination with ERP and finance system teams for reporting automation.
• Identification and implementation of process improvement initiatives.
• Participation in finance transformation and reporting automation projects.
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B. Direct Taxation
Tax Compliance
• Preparation and review of corporate income tax computations.
• Preparation of advance tax and self-assessment tax workings.
• Review of TDS compliance and tax-related reconciliations.
Tax Reporting & Provisioning
• Computation of current tax and deferred tax under Ind AS.
• Preparation of tax provisions and disclosures in financial statements.
• Maintenance of tax schedules and deferred tax workings.
Assessments & Litigation Support
• Support in handling income tax assessments, notices, and departmental queries.
• Coordination with tax consultants and legal advisors.
• Preparation of responses for scrutiny assessments and tax audits.
Regulatory Monitoring
• Tracking amendments in Income Tax Act and evaluating impact on the NBFC.
• Providing tax advisory support to finance and business teams on routine transactions.
Required Skills & Competencies
Technical Skills
• Strong understanding of:
o Ind AS and IGAAP
o Financial statement preparation
o Companies Act, 2013
o RBI regulations applicable to NBFCs
o Direct Taxation and deferred tax accounting
• Working knowledge of ERP systems such as Oracle, SAP, Finacle, Pennant, or equivalent.
• Advanced proficiency in Microsoft Excel.
Behavioural Competencies
• Strong analytical and problem-solving skills.
• Attention to detail and accuracy.
• Ability to manage multiple deliverables under tight timelines.
• Effective stakeholder management and communication skills.
• Proactive approach towards process improvement and automation.