Job Responsibilities
Sr. Manager/AVP – Taxation (Finance and Accounts)
Detailed Job description :
A. Financial Accounting:
-- Ensure maintenance of proper books of accounts. Interaction with auditors and Audit closure on quarterly basis. ~~
-- Compliances with all laws and accounting standards including SEBI and LODR requirements. ~~
-- Prepare, Oversee and Finalization of quarterly and annual accounts on Standalone and Consolidated basis. Compliance with all accounting policies. ~~
-- Monthly closure of accounts and period closing. Scrutiny of GLs, FAR, vendors and Receivables. ~~
-- Ensure timely closure of accounts of all Companies / Trusts in the Group. Preparing analytical review for quarterly audit. ~~
-- Overview Inter Company Transaction and reconciliation. Finalization of Audit committee Agenda and presentation. ~~
-- Work on process improvements and through automation. Draw SOPs for ensuring checks and controls in processes and oversee their adherence. ~~
-- Participate in the IT and system implementation and drive them. Ensure daily Bank reconciliation and no item is open in the statement. ~~
B. Taxation:
I) Tax Strategy and Planning:
-- Develop and implement tax strategies that align with the company's goals and objectives. Identify tax-saving opportunities, ensure effective tax planning, and maintain the company's tax-efficient status. ~~
II) Compliance:
-- Oversee and ensure timely filing of all tax returns, including corporate income tax, GST, PF, PT, and other relevant taxes. Ensure the company complies with tax laws and regulations at local, state, and central levels. Liaise with tax authorities during audits, disputes, and other tax-related matters. ~~
III) Tax Reporting:
-- Oversee the preparation of quarterly and annual tax provisions. Ensure accurate and up-to-date tax reporting in financial statements. Work with external auditors to complete the tax-related sections of audits ~~
IV) Risk Management:
-- Monitor tax risks and mitigate them by ensuring the company follows best practices in tax management. Stay updated on changes in tax laws and assess their impact on the company's operations. ~~
V) Team Management:
-- Lead and manage a team of tax professionals, providing guidance and mentoring. Foster a collaborative environment and ensure that the team stays updated with tax developments. ~~
VI) Advisory and Support:
-- Provide strategic tax advice to senior management and other departments to ensure tax considerations are integrated into business decisions. ~~
VII) Tax Audits and Disputes:
-- Manage any ongoing or potential tax audits and disputes. Work closely with legal and finance teams to resolve tax issues. ~~
VIII) Cross-Functional Collaboration:
-- Work with other teams to ensure seamless tax reporting and compliance. Collaborate with external tax consultants and advisors when necessary. ~~
C. Audit of Accounts:
-- Interaction with Statutory auditors / Internal auditors for Audit closure on a quarterly basis. ~~
-- Closure of all audit issues with all departments. ~~
-- Finalize audit report at the end of audit. ~~
-- Ensure that Internal audit is done and all issues are actioned upon. ~~
D. Planning & Budgeting:
-- Prepare Annual budget on all parameters like Revenue, cost, GM, P&L & EBITDA etc. with the help of all stakeholders. ~~
-- Monitor the actual performance with respect to Budget, variance analysis vis-a-vis budget, reporting the same to the Management. ~~
-- Checking actual capital expenditures and keeping track vis-a-vis budget. ~~
E. MIS & Reporting:
-- Prepare, analyse, and summarize various weekly, monthly, and periodic reporting. ~~
-- Timely and accurate reporting on various business parameters like Turnover, COGS, Gross Margin, Expenses, EBITDA, Cash flows & variance analysis etc. ~~
-- Revenue trend analysis and preparation of various schedules on income parameters for audit and for reporting. ~~
-- Monitoring of expenses, cost centre wise analysis and preparation of variance report. ~~