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. ________________________________________ 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 • Strong 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.