Finance And Accounts Executive

Job Summary:

The incumbent will be responsible for a broad spectrum of finance and accounting operations including month-end and quarter-end closing, statutory compliance, audit coordination, inter-company reconciliations, treasury accounting, and financial reporting. The role demands strong technical proficiency in accounting standards, attention to detail, and effective cross-functional coordination to ensure timely and accurate financial reporting.

Key Responsibilities:

1. Period-End Closing & Reporting:

• Prepare and upload templates (ICO, Trial Balance, FARS, RPT, Loan, Cash & Bank, Tax) into FCCS.
• Execute quarter-end financial closures including finalization of entries, reconciliations, and report generation.
• Update Schedule A & B for tax reporting in Singapore entities.
• Prepare and submit BS, PL review templates and variance analysis.

2. Inter-Company Transactions & Reconciliations:

• Perform quarterly reconciliations of inter-company balances.
• Account for foreign exchange fluctuations (ERF) on ICO loans and bank balances.
• Maintain and update cross charge trackers for cost allocation across business segments.
• Ensure accurate recording of related party transactions and compliance reporting.

3. Fixed Assets & Depreciation:

• Run monthly depreciation cycles (WelCorp) and post depreciation entry for Cygnus.
• Update and reconcile Fixed Asset Register (FARS).
• Account for rent equalization adjustments as per IND AS.

4. Accounting Operations:

• Process accounting for loans, interest accruals (ICO, FD, NCD, WCDL), salaries, gratuity, royalty, CSR expenses, prepaid expenses, etc.
• Review and reverse CJE entries as required.
• Prepare provisions for tax, gratuity, and expenses based on trackers from relevant stakeholders.

5. Treasury Operations:

• Daily, monthly, and quarterly accounting entries for instruments such as Mutual Funds, OIS, GSec, NCDs, Forex, PMS, AIF, MLD, PTC, CCIRS.
• Reconcile investment tracker data with bank statements and ensure correct posting.
• Accrue interest on deposits and investments as per schedules.

6. Purchase Orders & Vendor Management:

• Initiate POs and GRNs through Newgen system based on SPOC requests.
• Ensure tax compliance and approval workflows are adhered to.
• Follow-up and resolve vendor advance issues and clear open items.

7. Audit & Compliance:

• Coordinate with auditors (India, Singapore, Cyprus) to provide required documentation, reconciliations, and justifications.
• Map GL codes between SAP and FCCS and initiate mapping requests for discrepancies.
• Handle audit fee processing and support payments.

8. Taxation Support:

• Support TDS remittance and tax provision accounting.
• Provide quarterly estimates of income and expenses for advance tax purposes.
• Record interest on UTP and support tax team with required data.

9. Reporting & Documentation:

• Maintain accurate and timely reports for ageing (AR/AP/Inventory), loan tracking, and activity status (AFC).
• Reconcile GL and ICO on a periodic basis and take corrective actions on variances.

Skills & Qualifications:

• CA-Inter / ICWA-Inter/ CMA / MBA (Finance) or equivalent.
• 13 years of relevant experience in financial accounting and reporting.
• Strong knowledge of IND AS and IFRS preferred.
• Experience in using ERP systems (SAP preferred) and financial consolidation tools (e.g., FCCS).
• Proficiency in MS Excel; experience with macros/VBA is a plus.
• Strong analytical, problem-solving, and communication skills.

Key Competencies:

• Meticulous attention to detail
• Time management and ability to meet tight deadlines
• Ability to work independently and collaboratively
• High integrity and professionalism
• Proactive problem-solving approach