Head- Accounting

• * 8-10yrs
• Pune
• Full Time
• Full Time

7 Hours ago
• Job description

Experience : 8-10 years
Location : Pune
As a support function to the CFO in the areas of 1. Accounting and Reporting :
a) Overall it is a team management of qualified and semi qualified professionals to achieve department and organizational goals and comply with accounting, regulatory and other requirements
b) To manage and provide timely and accurate accounting in line with local GAAP, RBI and IFRS Accounting regulations and practices.
c) Ensure that SEBI, RBI-NBFC, IRDA and other relevant regulations are complied with from an Accounting & Reporting standpoint Management of various audits like Statutory, Internal audit, Corporate Audit, RBI audit etc.
d) Ensure compliance with the internal controls systems.
e) Keep the team highly engaged and motivated to perform and guide them in achieving higher efficiencies and better results
2. Financial Reporting
a) Responsible for all aspects of Financial Reporting and Accounting to MBFS India Management, MBFS Global HQ - Stuttgart and to internal structures and meetings.
b) Application of IFRS Accounting standards for MBFS/Mercedes- Benz reporting as well as India GAAP Standards for local books.
c) Deputize for CFO in all Accounting, external and internal audit related questions.
d) Prepare and manage the accounting department’s annual budget.
e) Support the delivery of reporting, manage the preparation and team’s delivery of the financial accounting data and commentary into MIF system. Review its content for technical presentation, signing off financial statements and removing all material errors before passing the release responsibility into management reporting team for MIF delivery to FAS in accordance with their deadlines and standards
3. Accounting Reconciliations
a) Accountable for balance sheet reconciliation’s, ensuring technical presentation and treatment of accounting standards have been applied to meet compliance and financial statement accuracy.
b) Ensure timely clearance of reconciling items and all reconciliations are complete. Ensure audit and internal control system requirements are fulfilled on the ledgers.
c) Ensure all books are fully reconciled and without material discrepancies.
d) Ensure the TDS Reconciliation between Books & Form 26AS are carried out on a recurring basis.
4.Audits
a) Manage the audit preparation process,
b) Attend and contribute to audit meetings and provide data to audit team.
c) Ensure team members are trained on the topics allocated to them so they can answer audit queries.
d) Aim to improve and develop the audit process.
e) Ensure good Statutory Audit Results and absence of critical items in Management Letters.
f) Overall management of several audits from planning to remediation
5. Ensure timely regulatory reporting to Indian Central Bank RBI – All regulatory reporting and returns
6. Involvement in Company and departmental projects bringing in accounting expertise. Contribute to the development of the accounting systems in line with the changes in the business systems.
7. Staff development and performance management; including monitoring and promoting the training and development needs for staff, provide ideas to resolve problems and resource-related issues. Ensuring all teams work efficiently and effectively together to achieve departmental aims and objectives.
8. Coordinate with Cebu Shared Service Centre (SSC) and Centralized Treasury to ensure smooth accounting and maintenance of healthy processes. To work with SSC on Continuous improvement of efficiencies

Skills
• Working knowledge of regulatory environment for NBFC
• Ability to plan and prioritise activities whilst maintaining accuracy and adhering to strict deadlines
• Ability to communicate and present effectively and diplomatically with senior management