Job Description

A. Financial reporting and controlling

- Prepare and review routine accounts

- Prepare monthly standalone financial reporting files

- Prepare and review periodic financial projection files

- Prepare and ensure timely closure of quarterly financials for the Group level consolidation

- Finalize annual audited accounts including notes and disclosures as required under regulations.

- Analyze overall financial performance and support for any queries for any ad-hoc movement

- Oversee and report all related party transactions and disclosures as required under various regulations

- Ensuring consistent reporting across all entities.

- Ensuring timely completion of statutory and internal audits which includes interpreting accounting standards, finalizing notes to accounts, accounting policies etc.

- Analyze financial data and create financial models for decision support.

- Prepare finance section of Annual Operating Plan (AOP) including coordinating with all functions/departments and estimating/tracking function/department wise expenses.

- Prepare periodic estimates/forecasts

B. Tax and regulatory compliances

i. Income Tax, GST and other statutory dues

- Review monthly TDS payments under Income tax

- Prepare and review advance tax computation files and tax payment approval notes

- Review monthly GST returns and payments

- Understand, evaluate and implement legislative changes as applicable under Income tax and GST such as TCS applicability on sale of electricity, GST e-invoicing and Input credit eligibility rules.

- Ensure all regulatory returns/filings are done in an appropriate manner.

- Prepare and review annual tax audit information (Form 3CA-CD) for both entities

- Review annual GST return and audit files (GSTR 9 and 9C) for both entities

- Coordinate with consultants for tax interpretations, compliances and assessments

- Identification of potential future Tax issues & Resolution.

- Oversee all audits/inspections/assessments by GST, Income tax and other taxation authorities.

ii. SEBI and other regulatory compliances

- Prepare and review periodic returns to be submitted to SEBI as AMC

- Prepare quarterly FINCON returns data to be submitted with IRDAI as a financial conglomerate

C. Domain expertise in Ind AS

- Understand, evaluate and conclude accounting/financial reporting for new set of transactions under Ind AS

- Implement accounting policies and contribute in drafting new as well as revising existing policies.

D. Internal Control and others

- Design and execute processes to improve internal control across accounting, financial reporting and disclosures.

- Set-up systems, processes, SOPs for ongoing monitoring, review, and rectification of any reporting/compliance breaches.

- Ensure robust internal processes for processing payments, compliance with approved AOP and reporting variances to Management

- Prepare and review risk and control matrices audited by external auditors

E. Team oversight and coordination

- Oversee finance team members and ensure smooth coordination amongst team members

- Oversee monthly payroll payouts and report variances to Management.

- Review business support service workings for group wide recoveries.

- Oversee overall audit progress and ensure timely completion

- General oversight of finance of BFS AMC, BFS Trustee, BFS Direct, eBH, BASS and BAFDL

F. Any other assignment, project or responsibility that may be given from time to time

- Plan and execute IT implementation of finance function in co-ordination with IT for new ventures and add on needs of BFS/BHIL, more specifically BFS Ventures to start with

- Support/prepare financial statements of BFS/BHIL on need basis

- Support in taxation matters of BFS/BHIL

4. MAJOR CHALLENGES

(Describe the major challenges you face on an on-going basis in carrying out your job).

5. DECISIONS

(Mention the key decisions taken by job holder at his end and the decisions for which the job holder goes to superior with options and recommendations or seek approval).

Decisions made by job holder

- Financial reporting disclosures content, format, and publication

- Ensuring appropriate regulatory filings with Govt. authorities

- Review and approval of payments under P2P and Payroll process

- All other decisions as part of my role

- Recommendations to or approval by superior

- Analyzing financial data and recommending new policies/changes in existing policies

6. INTERACTIONS

(Describe the job roles that you interact with inside or outside the company to enable you to meet your accountabilities and the key expectations from these interactions. Also mention purpose).

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