Team Member - Accounts

Aditya Birla Group

Thane, India

Fresher

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Posted 3 hours ago
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Job Description

Job Purpose

The role is specifically designed to lead financials and core accounts team.Prepare and maintain the financial statements for compliance with regulatory, company policy and GAAP and IND -AS requirements for accounts, driving the auditors, review process, Financial reporting to Regulators & management, Maintain the relationship with ABFSG BUs & Vendors for Receivables / Payables and also for effective cash flow and funds management, Prepare, maintain and report on the Planning and Budgeting process of the company

Job Context & Major Challenges

Job Context: ABCL is a diversified Core investment Company (CIC) with wide spectrum of businesses which include NBFC, Housing Finance, Life Insurance, AMC, Health Insurance, Securities & Stock Broking, Insurance Broking, PE, ARC and online platform for personal finance. Given the diversity of businesses, structure and number of entities in the fold of ABCL, the corporate financial reporting is a complex Job.
An Accounts Executive is a key role in the finance department of an organization, responsible for managing and maintaining financial records, ensuring accuracy and compliance with accounting standards, and supporting financial planning and analysis. Here's a general overview of the typical responsibilities, skills, and qualifications for an Accounts Executive position:

Job Challenges:responsibilities, skills, and qualifications for an Accounts Executive position:

Major Challenges:
Ensuring that all financial records and transactions are accurate and comply with accounting standards and regulations.
Balancing multiple tasks and meeting strict deadlines, especially during month-end and year-end closing periods.
Managing and processing large amounts of financial data accurately.

Key Result Areas

	KRA (Accountabilities) (Max 1325 Characters)	Supporting Actions (Max 1325 Characters)
KRA1	Authenticate all day-to-day accounts activities	Authenticate of all relevant accounting vouchers, documents, treatments and statutory compliance etc. Monitoring all inflow of borrowing made and repayment schedule, also authenticate the finance cost calculation and relevant impact on financials. Managing and monitoring cash flow position to have smooth payment process. Verify and authenticate the monthly cost allocation MIS, provisions etc. Authenticate all Monthly closure activities as per decided due dates. Ensure data submission filling of statutory returns Tds, GST, PF, etc. as per respective due dates. Addition to above helping out in ABCL RBI return, GST.
KRA2	MIS and Budgeting	Circulating monthly profitability and allocation MIS. Preparation of Budget vs actual variance report expense wise and function wise. Ensure all opex and capex expenses are as per approved budget plan, also ensure all relevant documentation and completeness for unbudgeted spends. Active participation in annual budget data preparation & discussion for ABFSSL & ABCL.
KRA3	Audit Preparation & Co-ordination	Conduct and complete all quarterly, statutory audit & Tax Audit well in time. Liaising with auditor & resolve all audit queries by providing them necessary supporting's and explanations. Co-ordination with consolidation team in due course for necessary explanation and grouping to be made. Ensure all relevant data uploading in HFM (Consolidation tool). Ensure all audit activities and completeness is as per listing agreement, relevant accounting standards, Companies Act, etc. Validating and authenticate all audit data and relates audit work papers, also ensure the confidentiality of the relevant data.
KRA4	Tax & Assessments	Data preparation and follow-up with consultant for lower TDS deduction. Timely submission of Assessment/Scrutiny related data to various department through Tax Consultant. Timely filing of GST & TDS returns with the help of Tax consultant.
KRA5	Team Building and Process controls	Provide all kind of guidance about the routine accounts functions and other related matters, communications etc. Encourage team to have internal discussions, other functional development & reports. Also about the time management concept and effective communications skills etc. Ensure all completeness of the processes set to have smooth and accurate functionalities. Identify the gaps in existing process and implement the new check points and controls to smooth the relevant functional activities.
KRA6	Authenticate all day-to-day accounts activities	Authenticate of all relevant accounting vouchers, documents, treatments and statutory compliance etc. Monitoring all inflow of borrowing made and repayment schedule, also authenticate the finance cost calculation and relevant impact on financials. Managing and monitoring cash flow position to have smooth payment process. Verify and authenticate the monthly cost allocation MIS, provisions etc. Authenticate all Monthly closure activities as per decided due dates. Ensure data submission filling of statutory returns Tds, GST, PF, etc. as per respective due dates. Addition to above helping out in ABCL RBI return, GST.
KRA7	MIS and Budgeting	Circulating monthly profitability and allocation MIS. Preparation of Budget vs actual variance report expense wise and function wise. Ensure all opex and capex expenses are as per approved budget plan, also ensure all relevant documentation and completeness for unbudgeted spends. Active participation in annual budget data preparation & discussion for ABFSSL & ABCL.
KRA8	Audit Preparation & Co-ordination	Conduct and complete all quarterly, statutory audit & Tax Audit well in time. Liaising with auditor & resolve all audit queries by providing them necessary supporting's and explanations. Co-ordination with consolidation team in due course for necessary explanation and grouping to be made. Ensure all relevant data uploading in HFM (Consolidation tool). Ensure all audit activities and completeness is as per listing agreement, relevant accounting standards, Companies Act, etc. Validating and authenticate all audit data and relates audit work papers, also ensure the confidentiality of the relevant data.