Audit Assistant

3 - 5 years

0 Lacs

Posted:22 hours ago| Platform: Foundit logo

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Work Mode

On-site

Job Type

Full Time

Job Description

About us:

iBUS is a digital infrastructure company with a vision to connect everyone, everything, everywhere. We aim to bridge the digital divide by providing scalable connectivity solutions. As a pioneer in the 5G convergence landscape, we specialize in building interoperable digital connectivity infrastructure.

One of our core services is being a leading neutral host In-Building Solutions (IBS) provider in India. We offer comprehensive in-building solutions to various sectors, including real estate buildings, hospitals, hotels, commercial spaces, educational institutions, and government buildings nationwide.

Additionally, we are a leading Managed Wi-Fi services provider, delivering reliable and high-speed Wi-Fi connectivity. Our focus extends to location-based services that enhance user experiences and improve business operations. We have extensive coverage in the hospitality sector, and we cater to education campuses, co-working spaces, and co-living spaces as well.

Through the integration of our existing in-building and Wi-Fi services and data solutions, we are revolutionizing business operations. With the necessary regulatory authorizations, iBUS is driving innovation and transforming the digital landscape for businesses across various industries.

Key Responsibilities:

  • Support financial reporting of the Group, including standalone, subsidiaries and consolidated financial statements under Ind AS on quarterly, and annual basis.
  • Support the quarterly limited reviews/interim audits and annual statutory audits of the Group entities.
  • Coordinate with Big 4 auditors, ensuring timely submission of requirements and closure of audit
  • Preparation of Ind AS financial statements with full notes, disclosures, accounting policies, and estimates as required under Ind AS and Schedule III
  • Technical expert for the various existing and potential accounting matters. Lead the stakeholder's relationship with external technical consultants, statutory auditors and investors on preparation, finalisation and reporting of accounting memos across various matters.
  • Drive/support process improvements in accounting, reporting, and compliance functions.
  • Review GL, balance sheet schedules, asset registers, revenue reconciliations, and provisioning accuracy.
  • Preparation of Deferred tax workings, EPS, ESOP liabilities and review of lease liabilities and ROU.
  • Coordinate with Big 4 auditors on Purchase price allocation, impairment assumptions, sensitivity analysis, WACC, long-term growth rate, and valuation methodologies.
  • Coordinate with cross-functional departments across finance, SCM, Tech, legal, HR, and operations.
  • Lead the finance ERP implementation charter for the Group.
  • Co-ordinate with the Finance Automation team to enhance the reporting requirements across the functions.
  • Prepare technical accounting memos and ensure strong documentation for all complex areas.
  • Lead the SOP/policies implementations across the processes and its adherence by timely review.
  • Support audit committees, board-level reporting packs, and governance documentation.
  • Writing and reviewing audit reports to provide a clear and concise summary of audit findings, conclusions, and recommendations.
  • Prepare draft findings, audit reports and recommendations to management to ensure findings, conclusions, and recommendations are clearly communicated.
  • Collaborate with teams including with experts and specialists involved in supporting delivery of audit engagements.
  • Participate in meeting with various teams and contribute for the areas and responsibilities handled.

Qualifications & Skills:

  • Qualified Chartered Accountant with 34 years post qualification experience with Big4 firm related to statutory audits.
  • Working experience on preparation of financial statements in compliance with IND AS.
  • Excellent verbal and written communication skills and the ability to communicate complex business issues in a clear/concise manner.
  • Adaptable/Flexible: being open to change in response to new information, different or unexpected circumstances, and/or to work in ambiguous situations.
  • Working knowledge and experience with MS office and SAP HANA.
  • Hands-on experience in Ind AS financial reporting.
  • Strong technical understanding of revenue recognition, leases and fair valuation.

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