Urgent Openings for Assistant Manager Finance @ Catalyst Corporate

Job Description

Job Summary 

All accounting and finance tasks for the India Branch, including technical administration and financial accounting, companies act requirements, Income tax and other tax requirements, Payments, Reconciliations. He/she will ensure that the entity is in compliance with all local regulatory, statutory requirements, group reporting requirements and other matters as prescribed below. Key duties and responsibilities are mentioned in detail below.

Key Duties and Responsibilities:

Overview of the key functions and high-level responsibilities for the job holder (3 or 4 with objectives and KPIs when possible)

Taxation:

Advance Income tax calculation and payments

GST calculations, and payments

Preparation and submission of GST returns and Income tax returns

Compliance with Einvoicing Regulations of GST for Preparation of Invoices.

Processing of all tax related transactions and reconciliation of all tax related GL accounts.

Coordination with HUB Head of Taxation on tax provisions and any tax risks

Discussion on above Tax workings with Tax consultants.

Preparation of documents required to be submitted to Tax Department on Notices.

IFRS:

Complete IFRS reporting in accordance with APAC Hub and group calendar and timetable

Investments & Treasury:

Analysis and optimization of investment portfolio bearing in mind local solvency rules

Review and reconciliation of all investment related GL accounts.

To check and ensure the monthly custodian fees and quarterly investment fees are charged correctly. To check and ensure the monthly bank fees are charged correctly

Support on administration of bank account opening and closing and KYC documentation to AP Head of

Investments and Treasury:

Administration of all treasury related transactions if support is needed from AP HUB for local contexts

Book keeping and perform reconciliations of all treasury related transactions to GL accounts;

Statutory Reporting:

Preparations of annual statutory financial statements

Ensuring proper and timely audit of the same

Work closely with HUB to ensure Statutory requirements are complied with.

IRDA reporting:

Preparations and filing of Regulatory Returns prescribed by IRDA

Work closely with HUB to ensure all Regulatory requirements are complied with

Booking of expenses in SAP:

To book expenses in SAP in correct and timely manner

Payments:

To ensure all branch related payments are made in a timely manner Preparing reconciliations

Preparation of Bank reconciliations,

Administration of 1GL SAP entries and related reconciliations Group quarterly closing requirements

Comply with groups quarterly closing requirements as per Groups calendar and Timetable

Budgeting Controls:

Preparation of annual branch budget;

Variance analysis, comparison of actual expenses with Budgets to exercise control over actual expenses

Other Matters

Coordinate processing of all technical accounts by technical accountants in Singapore

Complete an analysis of all technical movement to ensure that the technical results are appropriate and can

Explain

Coordinate receipt of all technical accounts from brokers/cedants

Liaise with local brokers/cedants on accounts/settlement matters;

Coordination with HUB HR on all payroll related bookings

Monthly payroll data and processing of all cash transactions.

Employee related pension funds, schemes and statistical returns where relevant

Payroll information in the general ledger;

Reconciliation of all payroll related GL accounts.

Companies Act related documentation;

Minutes for management meetings

Administration of company credit cards;

Monitoring of any foreign exchange exposure and coordination of any hedging needs

Monitoring of receivables & coordinate with the Credit Control team for the recovery of the same.

Required Education - CA. CS and IFRS diploma course would be an added advantage

Experience: Should have experience of 13 years in Finance and accounts team in an insurance /reinsurance organisation

Personal Competencies: Well versed in MS Office, SAP and good communication skill.

Technical Competencies: Should be well versed with IRDA regulations, local Taxation rules, GST rules, Local accounting standards.

 Working Days: Monday to Friday

 Office Timings: 9:30 AM to 6:30 PM

 Job Location: BKC, Bandra East, Mumbai 400 051

 If you are interested, then please send us your updated Cv in word format & please fill the required details:

Total work Exp-

Relevant Exp

Notice Period-

Current CTC

Expected CTC

Current Location

Regards

Rashmi Tambutkar

Senior HR Executive

Catalyst Corporate Services Pvt. Ltd.

Cell No.: hidden_mobile

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http://careers.catserv.in

Employement Category:

Employement Type: Full time
Industry: Insurance
Role Category: Finance / Accounts / Tax
Functional Area: Not Applicable
Role/Responsibilies: Urgent Openings for Assistant Manager Finance

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Keyskills:   direct tax accounting standards auditing standards