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.

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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

- Solid 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.

Position Summary

We are seeking a qualified Chartered Accountant with 3-6 years of post-qualification experience to join the Financial Reporting team of a leading NBFC. The role will primarily focus on financial accounting, financial reporting, statutory compliance, and preparation of financial statements under IGAAP and Ind AS frameworks. The candidate will also be responsible for managing direct taxation matters, including income tax compliance, tax audits, assessments, and tax provisioning.

📌 Deputy Manager:Finance and Accounts_AFL (Mumbai)
🏢 Axis Finance
📍 Mumbai