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.

• ________________________________________
• 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.