Senior Indian Accountant

Role & respons

Key Responsibilities:

1. Financial Management:

• Oversee all financial activities, including accounting, budgeting, forecasting, and financial reporting.
• Develop, implement, and maintain financial controls and procedures to ensure the integrity of financial data.
• Prepare and present monthly, quarterly, and annual financial reports to senior management and stakeholders.
• Monitor financial performance, conduct variance analysis, and recommend corrective actions when necessary.

2. Audit and Compliance:

• Lead internal and external audits in India, ensuring compliance with Indian Accounting Standards (Ind AS), GST, Income Tax, and other local regulatory requirements.
• Review audit findings, implement recommendations, and ensure timely resolution of audit issues.
• Manage relationships with external auditors, tax consultants, and regulatory authorities.
• Ensure proper documentation and filing of financial records, ensuring compliance with tax and audit requirements.

3. Budgeting & Forecasting:

• Lead the annual budgeting process and monthly forecasting activities.
• Ensure proper allocation of financial resources in accordance with strategic priorities.
• Track departmental budgets and provide recommendations to control costs and enhance profitability.

4. Payroll Compliance:

• Accurate Salary Calculations: Ensuring employees are paid correctly based on their hours worked, overtime, commissions, bonuses, etc.
• Deductions: Proper calculation and deduction of taxes (such as income tax), employee benefits (like insurance and retirement contributions), and other statutory deductions (e.g., Provident Fund, Gratuity, etc.).
• Timely Payment: Ensuring salaries are disbursed within the prescribed timelines and employees are paid on time.
• Payslip Generation: Providing employees with detailed payslip outlining their earnings, deductions, and net pay.
• Taxation Compliance: Ensuring correct withholding tax rates and submitting the right tax documents to the authorities.
• Record-Keeping: Maintaining accurate records of employee payroll data as per legal requirements, including salary details, deductions, and tax filings.

5. Statutory Compliance:

• Labor Laws: Compliance with laws related to employee working conditions, wages, leave entitlements, and termination procedures.
• Tax Compliance: Ensuring that taxes such as GST, Corporate Tax, Income Tax, and others are filed and paid on time.
• Employee Benefits Compliance: Compliance with statutory benefits such as the Provident Fund (PF), Employee State Insurance (ESI), Gratuity, and others mandated by law.
• Health & Safety Regulations: Adhering to occupational health and safety standards to ensure a safe working environment.
• Leave Entitlements: Complying with laws regarding employee leave such as annual leave, sick leave, maternity/paternity leave, etc.
• Workplace Regulations: Ensuring compliance with laws regarding working hours, break times, and worker safety.