Job Summary
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 RBIs 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
- Judgment and Decision Making: Knowledge of the decision-making process; ability to carefully evaluate the impact of emerging business situations and choose the best path forward communicating actions and activities that maximize organizational performance
- Level Working Knowledge:Discerns between "signal" and "noise" when considering courses of action
- Selects the right activities to work on from a range of competing priorities
- Stands by decisions in the face of conflict or unexpected outcome
- Makes the transition from evaluation to conclusion readily and in a timely manner
- Revisits decisions when appropriate, but infrequently and without disrupting focus
- Managing People: Knowledge of processes involved in managing people; ability to lead successful teams, and diligently address issues related to performance and conflicts at the workplace
- Level Working Knowledge:Assesses the amount of time and resources needed to accomplish a task; delegates work accordingly
- Explains how the team's work contributes to the success of the organization; creates a shared vision
- Reviews progress and performance of employees; addresses bottlenecks or concerns impending employee growth
- Uses multiple channels such as meetings, e-mails, newsletters to communicate important messages with the team regularly
- Works with employees to set and define performance standards and career development goals; supports in achieving them
- Accounting: Knowledge of accounting methods, processes, and tools; ability to maintain and prepare financial statements and reports using accounting methods and processes
- Level Extensive Experience:Supervises all aspects of an accounting function
- Consults on the effectiveness and efficiency of accounting process flow
- Oversees the process and data flow between accounting systems and sub-systems
- Develops an accounting system for the management of assets, liabilities and transactions
- Formulates accounting practices for general ledger, A-P, A-R and assets
- Evaluates the organization's and industry's practices on how capital assets are depreciated
- Financial Analysis: Knowledge of tools and approaches of financial analysis; ability to read, interpret and draw accurate conclusions from financial and numerical material
- Level Working Knowledge:Applies principles used to evaluate the economics of investment decisions
- Interprets major types of financial statements issued by the organization
- Utilizes basic qualitative and quantitative tools and techniques with proficiency
- Works with a specific financial analysis tool set
- Implements valid financial analysis aligned with key criteria
- Financial Reporting: Knowledge of processes, methods, and tools of financial reporting; ability to create and maintain accurate and thorough financial reports
- Level Extensive Experience:Designs and interprets varied and complex financial reports
- Advises others on the methods and purposes to create accurate financial reports
- Monitors and ensures accuracy of the use of a variety of financial report-writing tools
- Updates or establishes organizational standards for financial reports
- Consults others on identifying, tracing, and correcting errors in financial reports
- Creates and customizes organizational methods and procedures for financial reports
