We are seeking a skilled Manager Accounting to join our - Caterpillar Financial Services India Private Limited
The preference for this role is to be based out of Bangalore Caterpillar PSN office-KA
What you will do
Manages the financial record keeping, reporting, tax filing and other accounting functions for the organization.
- Producing accurate and timely financial reports, for internal and external use, in accordance with GAAP and in compliance with section 404 of Sarbanes-Oxley Act.
- Preparing or leading preparation of reports which summarize and forecast business activity and financial position in areas of income, expenses, and earnings, based on past, present and expected operations.
- Ensuring the accounting policies and practices of the organization are followed; working closely with internal auditors, public accountants, federal tax examiners, and other financial professionals ensuring that practices are in line with the overall goals of the organization.
- Overseeing and evaluating the activities of the accounting staff and providing for their professional development; analysing and solving accounting problems.
- Financial Budgeting:
- Building financial models and projections. - Creating, monitoring, and adjusting budgets across departments. - Presenting financial insights clearly and working with cross-functional teams. - Comparing actuals to budgeted figures and explaining discrepancies. - Projecting future financial performance based on historical data and trends. - Regulatory Reporting:
- Familiarity with RBI guidelines such as DNBS returns, CRILC, NeSL, PCA Framework, and SARFAESI Act reporting - Ability to reconcile differences between Indian Accounting Standards (Ind AS), Local GAAP, and US GAAP - Knowledge of CRAR calculations, stress testing, and equity injection requirements under RBI s Internal Capital Adequacy Assessment Procedures - Monthly and quarterly filings to RBI including DNBS4B, DNBS08, FLA, AML, and fraud reports
Taxation
- Understands Deferred Taxation in detail primarily in the context of Return to Provision Analysis, GAAP and tax Reconciliations, Valuation Allowance, etc.
- Has good working knowledge of Goods & Service Tax (GST) Compliance managing GST audits, responding to notices, applying judicial/regulatory interpretations, etc.
- Understands Tax planning and provisioning managing advance tax calculations, handles tax assessments, Tax SOX Controls, maintaining necessary documentations, etc.
- Understand Transfer Pricing understand the functional and transactional analysis, benchmarking & TP documentations, handling TP assessments, etc.
What you will have
- Qualified Chartered Accountant with 5+years of relevant experience into Accounting, Budgeting and Regulatory Reporting.
Skills desired:
Planning: Tactical, Strategic: Knowledge of effective planning techniques and ability to contribute to operational (short term), tactical (1-2 years) and strategic (3-5 years) planning in support of the overall business plan.
Level Working Knowledge: Contributes to short-term operational plans. Anticipates and adapts to plan changes. Monitors progress of work against plan as required to meet objectives. Reports variances and makes agreed-upon corrections. Under guidance, develops tactical plan for own direct responsibility. Analytical Thinking: Knowledge of techniques and tools that promote effective analysis; ability to determine the root cause of organizational problems and create alternative solutions that resolve these problems.
Level Extensive Experience: Seeks discrepancies and inconsistencies in available information; explains variances. Organizes and prioritizes the sequence of steps to be taken to remedy the situation. Identifies many possible causes for a problem based on prior experience and current research. Approaches a complex problem by breaking it down into its component parts. Chooses among a diverse set of analytical tools according to the nature of the situation. Quantifies the costs, benefits, risks, and chances for success before recommending a course of action. Effective Communications: Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.
Level Extensive Experience: Reviews others writing or presentations and provides feedback and coaching. Adapts documents and presentations for the intended audience. Demonstrates both empathy and assertiveness when communicating a need or defending a position. Communicates well downward, upward, and outward. Employs appropriate methods of persuasion when soliciting agreement. Maintains focus on the topic at hand.
