Chartered Accountant

Career Soft Solutions
  • Chennai
  • 40-50 lakh
  • 10-13 years
  • Views
  • 27 Jan 2017

  • Finance/ Accounts

  • Banking - Retail
Job Description

Job Purpose :
1. To ensure finalisation of the financials of the Company on a monthly basis for the management use, audit thereof on a quarterly basis and meeting of statutory disclosure requirements.
2. To supervise the Corporate setup accounts team for proper accounting, timely & accurate vendor payments and finalisation of Corporate Trial Balance.
3. To supervise maintenance of accounting software for efficient accounting and consolidation respectively.

Job Context & Major Challenges :
1. Payment bank is a new start up and IMCSL is going to be merged with the Payment Bank going forward. The role would require the setting up of accounting software, setting up of chart of accounts and all accounting processes.
2. Changing accounting framework like convergence to IFRS, revised Schedule VI, XBRL etc.
3. Meeting complex accounting and disclosure requirements for mergers / de-mergers / regulatory developments
4. Meeting payment timelines & ensuring accuracy of vendor payments while processing voluminous transactions at Corporate
5. Accounting of Treasury operations
6. Monitoring Accounting software with in the dynamic business environment in which the Payment Bank would operate.

Key Result Areas / Accountabilities and Supporting Actions :
1. To ensure finalisation of the financials of the Company on a monthly basis for the management use, audit thereof on a quarterly basis and meeting of statutory disclosure requirements.
2. Plan & organize the accounts finalisation process
Finalize Formats to capture relevant information from all the operating units
3. Supervise monthly accounts closing process
4. Review TB / Financials to ensure that they present true & fair view.
5. Prepare various analytical reports for Managements use
Interact with auditors, solve their queries & get the audit done for company as a whole
6. Ensuring all regulatory requirements like GAAP, Accounting Standards, Companies Act, Listing Agreement etc. are complied with.
7. Study, summarize issues / critical areas in the quarterly results / annual financials to be published and update the management
Study Annual Reports of other industry peers, blue chip corporates, identify best disclosure / presentation practices and suggest the same to management

Accounting, timely & accurate vendor payments and finalization of Trial Balance :
1. Treasury accounting
2. Review interest income and expense working and receipts/ payment thereof
3. Ensuring Statutory compliances are complied with eg. TDS, Service Tax etc.
4. Review Internal & Statutory audits observations on Corporate TB and implement suitable process improvements
5. Improve overall satisfaction of internal & external customers

Job Purpose of Direct Reports :
1. Preparing Companys financials after proper review of trial balances in order to ensure that the financials represents true & fair view; meets all statutory disclosure requirements;
2. Overall accounting of Company Trial balance, ensuring timely & accurate vendor payments, accounting of investments and interest receipts / payments and other treasury accounting etc.
3. Maintenance of Accounting software and efficient accounting at each operating unit due to business changes, mergers & acquisitions, new statutory requirements etc.


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