Lead - Audit, Assurance And Direct Tax

Job Role : Lead - Direct Tax, Audits and Assurance

Department: Accounts & Finance

INDUSTRY - 1ST PREFERENCE - MANUFACTURING

or CONSULTING (ONLY IF EXPERIENCE IN AUDIT & DIRECT TAX)

Location: Bahadurgarh

Reports To: Finance Controller

Key Stakeholders : CFO, Functional Heads and their HODs and their team, Finance leadership, Statutory auditors, Internal auditor, YOHT Corporate finance team, external consultant

1: Job Purpose Statement (Summarize in one/two statements why this job exists, and the contribution makes to the overall business of the company).

This role is pivotal in collaborating closely with finance leadership and HODs, facilitate the development of the YIN Internal Audit Plan and conducting comprehensive risk assessments. It leads the entire internal audit process, from kick-off to closure, ensuring effective communication with stakeholders across functions. It annually reviews the SOPs / policies, identifies improvement areas, and drive sustainable changes through stakeholder alignment. It oversees SOA changes, management testing for J-Sox and IFC compliance, and suggest SOP/RCM revisions to address deficiencies. It maintains strong relationships with external auditors and consultants, conducting frequent calls and promptly addressing audit queries and facilitate in timely closure and providing necessary documentation for litigation matters. It ensures tax filings are completed within defined timelines. Remaining abreast of regulatory changes in audits and direct taxes, identify impacted areas and collaborate with stakeholders to implement necessary adjustments. It provides timely support for book closing activities, compile balance sheet schedules, and ensuring accuracy and compliance with accounting standards.

3: Duties & Responsibilities (List in the order of importance the duties & responsibilities of this job)

A. Internal Audits and Internal Controls:

Work closely with finance leadership and facilitate development of YIN Internal Audit Plan by providing recommendations considering organization objectives, comprehensive risk assessment to identify key risk areas, and previous audit findings. Communicate the same to relevant stakeholders across functions.

Lead the entire internal audit procedure including kick off calls, reviews, provide support to functions, closure and action tracking of same

Annual review of existing Company SOP / Policies to identify potential improvement areas/ gaps, work with functions to address the same in a sustainable manner by aligning the stakeholders on the changes, formally revising the SOP / Policies and ensure it successful roll out.

Collate the SOA change inputs received from various functions, review them in line with historical data and suggest the changes to the Financial Controller for finalization of the SOA

Lead the team performing the management testing to comply with J-Sox and IFC, collaborating with various functions to address the deficiencies arising from testing procedures and suggesting the required changes in the SOPs / RCMs

B. Assurance and Process improvements:

Collaborate with key stakeholders such as operations, business leaders, IT, to identify strategic priorities for strengthening governance/ process improvement and recommended the same for finalizing the scope

• Plan, co-ordinate and execute assurance review projects from initiation to completion, action tracking of same and post implementation effectiveness review.
• C. Statutory Audit including Group audit:
• Maintaining strong, hands-on relationships with external auditors.
• Ensuring seamless collaboration and operational transparency.
• Holding frequent calls with the auditors to close out on the audits on timely manner.
• Helping team to address audit queries on timely manner.
• D. Direct Taxes including TDS compliances:
• Maintaining strong relationship with the external consultants to provide them the inputs/documents for litigation matters
• Responsible for Transfer pricing audits and filing including documentation in accordance with the income tax laws
• Holding discussion with the consultants from time to time to facilitate the timely closure of open litigation matters.
• Tax filings are completed within the defined timeframe
• Review of TDS compliance mechanism to ensure that there are no GAPs

E. Regulatory changes / updates

Stay updated with the recent regulatory developments / changes / updates in the field of audits and direct tax, identify the impacted areas/ process/ functions, educate the relevant stakeholders and work with them to implement the required changes.

F. Closing and Balance Sheet Review:

Ensuring timely support in completion assigned book closing activities as per applicable accounting standard

Compilation of Balance sheets schedules, deep diving in the long outstanding / unusual balances, understand reasons & corrections actions planned and track action implementation.

G. Accounts Payable:

Review and approve Vendor Master creation / modification and vendor invoices as per SOA.

Schedule B & A

Educational Qualification - Chartered Accountant

Skills & Knowledge & Competencies

• Proficiency in assessing and managing risks within the organization
• Understanding of the organizations business processes, strategies, enabling the identification of areas for improvement
• Strong analytical abilities to evaluate complex information, identify patterns, detect anomalies, and draw meaningful conclusions.
• Strong financial knowledge and financial analysis techniques to evaluate financial controls and assess the financial health of the organization
• Staying updated on relevant laws, regulations, and industry standards
• Good stakeholder management, interpersonal skills & Communication skills
• Smoothly handle cross-functional Team.
• Proficiency in data analysis techniques and tools
• Continuous learning

Behavioral

• Team Player
• Keen learner
• Proactive
• Solution oriented approach
• Critical thinking
• Upholding ethical standards and integrity

Work Experience

Functional

• 4 - 6 years
• Risk Management
• Internal Control Frameworks
• Financial Acumen
• Staying updated on relevant laws, regulations, and industry standards