Vice President- Finance & Accounts, Mumbai

Job Description:

Job Title: Vice President

Department: Finance & Accounts

Reports to: Chief Financial Officer

Experience: Minimum 18 yrs. of relevant experience post CA qualification

Required Qualification: CA Preferred Qualification:

Skill, Knowledge & Trainings:

• Excellent knowledge of Principles and practice of Accounting, Financial Reporting, Direct and Indirect Taxation (TDS, GST etc.), Financial Management, Costing and Commercial Aspects
• Excellent understanding of Financial Control systems and practices
• Good Knowledge of Corporate and Economic laws. Knowledge of laws related to Securities Markets will be added advantage.
• Good knowledge of MS Office suite, Accounting software, Fixed Assets software, Understanding of ERP Software would be an added advantage.

Core Competencies:

• Decision Making
• Ownership
• Commitment
• Leadership
• Problem Solving
• Conflict Resolution
• Analytical Thinking
• Accuracy
• Eye for Detail

Functional Competencies:

• Excellent understanding of Accounting Standards and practices
• Good understanding of law and practice of Income tax, GST,
• Should have Financial Analysis skills
• Efficient Presentation Skills
• Good Drafting, Communication & interpersonal skills
• Should have good Information

Technology awareness

Job Purpose: The incumbent will have primary responsibility of managing day to day activities of Finance & Accounts function and Finance & Accounts team.

Area of Operation/Key Responsibilities:

• Financial Reporting in compliance with applicable Accounting Standards. Responsible for monthly/quarterly/yearly closing & finalization.
• Maintaining an appropriate and efficient Accounting System. Experience in development and implementation of ERP accounting systems development will be an added advantage
• Overseeing day to day activities of Accounting and Finance function including team of F&A professionals
• Financial MIS and Assisting Management with all the financial matters and decisions.
• Budgeting and Cost analysis support to the Management and other departments.
• Management of funds to meet the organization's needs and efficient deployment of surplus funds.
• Supervising Banking Activities including Current Accounts, SGL Accounts, Nostro Accounts and Custody Accounts.
• Supervising Accounting of Settlement operations and Membership transactions including daily reconciliation.
• Developing and maintaining systems of internal controls to safeguard financial assets of the organization
• Compliance with applicable Corporate laws, Commercial & Economic laws, Payment & Settlement Systems Act, RBI Directions etc.
• Compliance various Direct and Indirect taxation laws including fair understanding of law and procedures relating to Income Tax Act, DTAA, GST Act, etc.
• Interacting closely with Auditors (external and internal) for smooth and timely audit compliance.
• Overseeing sub-functions like Fixed Assets Management, Employee Benefits and Payroll Management, Bills Receivable, Bills Payable, TDS Compliance etc.
• Oversight of all the regulatory compliances pertaining to Finance & Accounting function.
• Managing and nurturing an efficient and expert Finance & Accounts team compatible with Organisation’s needs