06 Aug
|
Avestar Advisory
|
Chennai
06 Aug
Avestar Advisory
Chennai
ROLE DESCRIPTION
As Global Finance Controller, you will serve as financial steward for Avestar Advisory, managing dual-jurisdiction financial operations with precision and strategic insight maintaining the integrity of consolidated financial records, ensuring regulatory compliance across India and the US, optimizing taxation strategy, and providing financial leadership across stakeholder groups.
KEY RESPONSIBILITIES
Financial Operations & Bookkeeping
- Oversee bookkeeping across India and US centers; manage the chart of accounts, general ledger, and trial balance for consolidated reporting
- Implement internal controls and SOPs; reconcile inter-company transactions and consolidation entries
- Supervise AP/AR, expense management, and cash flow operations across both centers
US GAAP & Financial Reporting
- Lead preparation of consolidated financial statements under US GAAP, ensuring proper revenue recognition and presentation standards
- Manage period-end close (journal entries, accruals, reconciliations); prepare management accounts, variance analyses, and financial commentary
- Maintain audit readiness; coordinate with external auditors and address findings with timely corrective action
Taxation & Compliance
- Develop tax strategies across India and US jurisdictions; manage US federal/state tax requirements including Form 1120 and state franchise taxes
- Ensure Indian income tax and GST compliance; prepare tax provisions for consolidated statements and manage transfer pricing documentation
- Coordinate with external tax advisors and ensure timely filings in both jurisdictions
Regulatory Filings & Compliance
- Oversee regulatory filings in India (ROC, tax, GST) and the US (SEC, state bodies); maintain compliance calendars and manage statutory audit coordination
- Ensure compliance with investment industry regulations, including client fund accounting and segregation of duties
Investment Industry Exposure
- Manage client fund accounting, including segregation and reporting of client assets; ensure FINRA, RIA, and related regulatory compliance
- Understand portfolio accounting, performance reporting, and investment income recognition; maintain detailed investment transaction records
Team Management & Training
- Lead, mentor, and develop the accounting/finance team; establish best practices, training programs, and quality control
- Conduct performance reviews and talent planning; foster collaboration between India and US finance teams
Strategic Finance Functions
- Provide financial analysis to support decision-making; prepare budgets, forecasts, and projections
- Monitor KPIs, identify process/automation improvements, and advise senior management on financial risks and banking relationships
REQUIRED QUALIFICATIONS & EXPERIENCE
Professional Credentials (Mandatory)
- Chartered Accountant (CA – India), OR CPA (US), OR CPA + CA dual (preferred), OR ACCA/CMA with demonstrated US GAAP expertise
Core Experience
- 12+ years in accounting, finance, or auditing; 5+ years in a controller/finance leadership role with team management
- Strong US GAAP proficiency; multi-jurisdiction accounting exposure preferred; 5+ years tax compliance (income tax/GST); investment industry exposure and regulatory filing track record
Technical & Functional Skills
- Advanced accounting software (QuickBooks, NetSuite, Xero, or similar ERP); expert Excel (modeling, pivots); proficiency in consolidation tools
- Strong internal controls/audit knowledge; command of US GAAP and Indian standards; knowledge of Income Tax Act, GST, TDS; familiarity with investment industry compliance
Educational Background
- Bachelor's in Accounting, Finance, or Commerce (required); Master's in Accounting/Finance/MBA (preferred); continuous US GAAP/tax certifications valued
COMPETENCIES & ATTRIBUTES
- Analytical & technical — strategic financial analysis, robust problem-solving, attention to detail, advanced modeling and forecasting
- Leadership & communication — proven ability to lead and mentor teams; explains complex financial/tax matters to non-finance executives
- Compliance & risk management — deep regulatory commitment, proactive risk mitigation, designs robust internal controls, manages audit processes
- Adaptability & global perspective — comfortable across jurisdictions and evolving regulatory landscapes; strong organizational and project-management skills
WORK ENVIRONMENT & REQUIREMENTS
- On-site, Chennai, Tamil Nadu — 5 days/week, full-time
- Travel: 10–15% to support other center operations and stakeholder meetings
- Relocation to Chennai required by start date; remote work not available
COMPENSATION & BENEFITS
- Salary: 14,00,000 – 25,00,000 per annum, commensurate with experience
- Comprehensive health insurance (self + family); leave encashment and statutory benefits per Indian labor law; professional development allowance; gratuity and performance bonus per company policy
📌 Global Finance Controller (Chennai)
🏢 Avestar Advisory
📍 Chennai