06 Aug
|
Vsquare Consultants
|
New Delhi
06 Aug
Vsquare Consultants
New Delhi
Taxation Manager is a key position in the India Finance team. The position ensures regular operations and reporting are efficiently administered and compliant with brands finance policies, procedures and international accounting standards. Key to the position is oversight and management of risk, including financial, legal, tax and regulatory requirements. The position will have strong focus on continuous improvement, and establish a culture of trust, compliance, and financial control with all internal and external stakeholders.
The primary duties of the position include:
- Leading the FC&R; accounting departments with a focus on best practice, compliance and learning
- To manage the financial reporting and taxation functions
- Ensuring financial reports are accurate and compliant with policies and international accounting standards by maintaining oversight and responsibility of financial transactions.
- Assessing procedures, processes and systems with an emphasis on efficiency and innovation
Key Responsibilities
Leadership and Management
- Manage and oversee the accounting function, working closely with and supporting department supervisors to set explicit objectives, responsibilities and targets.
- Oversight recruitment, performance management and professional development of team members.
- Actively support and participate in the regional Community of Experts, working with other markets/entities to share knowledge, best practices and opportunities
- Establish a culture of trust, compliance, and financial control with all internal and external stakeholders.
Accounting
- Oversee and supervise month end closing process, including Group closing deadlines and checklists, complete supporting documents,
reviews and sign off approvals in compliance with internal controls.
- Review and escalate balance sheet variances and risks, investigating causes with the General Ledger team and ensure compliance with policies and procedures.
- Credit management -Monitoring risk on receivables, debtor management and credit control to meet collection targets, minimise overdue debts and credit risks.
- Accounts Payable management to ensure the supplier invoice process is efficiently administered and compliant with local taxation regulations and procedures.
- Cash flow management - Ensure entity liquidity levels are adequate, work with internal stakeholders team to generate cashflow forecasts and ensure bank accounts are reconciled and payments are processed efficiently.
• Support the management and compliance of local statutory tax requirements and keep up to date on taxation developments
Reporting
- Ensure that financial statements are accurate and in compliance with policies and procedures, and with IFRS standards and local regulatory requirements.
- Review and analyse the trial balance, Group reporting pack and provide explanations on movements and variances for follow up actions.
- Review and validate the monthly tax filings making sure the return is compliant with local tax laws and submitted within the required deadline.
- Oversee the resolution of any technical reporting issues and concerns
- Ensuring general ledger accounts in use are up to date and in line with the Group Operational Chart
of Accounts.
Financial Excellence and Process Improvement
- Work across accounting functions to review and evaluate workflows, processes and systems to improve efficiency, timeliness and accuracy, with a focus on innovation and automation and simplification.
- Lead and participate in financial control and reporting projects and initiatives either within the function or across other functions.
- Act as a Subject Matter Expert for finance process areas and a point of contact to support harmonisation and knowledge sharing, team capacity, development, and the achievement of targets.
- Liaise with Group Finance departments and build relationships with key stakeholders to keep up to date with new initiatives, processes or changes and to promote the local finance function.
Compliance, Internal Controls, Tax and Audit
- Lead a culture of compliance ensuring policies, procedures and internal controls are documented updated and implemented.
- Ensure full compliance with relevant legal, statutory, regulatory and corporate guidelines (Withholding taxes, GST, Income Tax, Transfer Pricing and other taxes as may be applicable), tracking of all open litigations and matters in progress with various authorities
- Manage and oversee external and internal audits to ensure information is provided and deadlines are met. Implement recommendations (if any) during and after audits and take corrective action(s) when required.
📌 Manager Accounts & Taxation-Leading Retail MNC-Delhi(CAs only) (New Delhi)
🏢 Vsquare Consultants
📍 New Delhi