Team Member-Indian GAAP-Finance

Job Purpose

• Preparation of Registration-wise Financials and ensuring compliance with relevant provisions / guidelines.
• Preparation / compilation of periodic financial data including data required for GST.
• Process Improvement and keep oversight on GST and other GLs
• Performing / reviewing reconciliation and building utility / analytic tools for the same.
• On-going review of Trial Balance and ensuring critical health checks on Trial Balance.
• Assist in Financial Reporting & Audit activities.

Job Responsibilities(JR) : 6 8 Areas

Actionable (4-6)

Preparation of Registration-wise Financials and ensuring compliance with relevant provisions / guidelines.

• Preparing GST registration-wise Financial (presently 128 GSTNs).
• To check correctness of GSTN registration-wise Trial balance.
• To check GSTN Registration wise trial balance tallies with overall India Trail Balance.
• Checking GSTN registration wise financial tallies with the GST Returns data.
• Checking aggregated data with Audited Annual Accounts.
• Validating and documenting any Adjustment entries posted in financial.

Preparation / compilation of periodic financial data including data required for GST Returns.

• Preparing at summary-level and at GL-level GST Registration-wise income data every month and sharing same with GST ops team for GST return purpose and with Cost team for Inter branch entry.
• To check data tallies with the financial for the month.
• Analysis of any adverse movement in comparison with previous months.

Process Improvement and keep oversight on GST and other GLs

• Monitoring of GST GL balance on Periodic basis.
• To open new GLs wherever required.
• Check Proforma accounting entries related to GST.
• Assisting in any system development related to GST.

Reconciliation and building utility / analytic tools for the same.

• Obtaining Reconciliation of GST GLs and Income GLs as per Trial Balance and GST System done by concerned teams.
• Follow up for any discrepancies for compliance.
• Update / maintain GST Income Master.

On-going review of Trial Balance and ensuring critical health checks on Trial Balance.

• Perform checks such as CGST=SGST+UTGST
• Check for adverse balances in GST asset and liability GLs.
• Perform check on Inter branch income & Inter branch expense GL.
• Review of new income / expense / Asset GL opened with respect to GST.
• Updating Income master on monthly basis wrt application through which GST will be reported for new GLs opened.
• To review whether ITC is claimed on all eligible Expense.

Assist in Financial Reporting & Audit activities

• Obtaining GST related provision entry from various Operations division and validating the entry passed based on the working. Follow up for any discrepancies found and getting same resolved/rectified.
• Documenting evidence of audit purpose.

Educational Qualifications

Key Skills

Chartered accountant and Bachelor of commerce

• Experience in financial reporting
• Excellent oral & written communication and presentation skills
• Experience of System implementation / Analytic tools is preferable
• Good working knowledge of accounting norms and MS Office
• Basic Knowledge of GST Laws and rules

Experience Required

• Minimum experience in years 3 to 5 years
• Strong Preference to Banking work experience in Finance field

Major Stakeholders (intra team and cross functional stakeholders, who would need to be interacted with for discharging duties)

• Internal: Various Operation & BTG Teams, Cost Team, Tax Team.

• External: GST Consultant, GST Auditors, Statutory/Internal Audit teams.