Audit and Taxation - Group Head

Floraison Strategic Consulting; Bengaluru; On-site; INR 900,000 - 1,500,000; Full time

Job summary

Floraison Strategic Consulting in Bengaluru seeks a detail-oriented professional to support Consulting & Management Services and ensure high-quality client engagement from onboarding to delivery. The role covers preliminary client discussions, onboarding, management advisory, MIS reviews, and Tax & Regulatory compliance across domestic and international engagements.

You will collaborate with F&A managers and team leads to deliver timely insights, reports, and deliverables that align with client

Responsibilities

• Potential Client Consultation: Participate in preliminary discussions with prospective domestic and international clients to understand business requirements, conduct needs analysis, review proposals, and support client discussions until the Letter of Engagement (LOE) is signed.
• New Client Onboarding: Support the onboarding of new clients, initiate engagement activities, implement standard processes, and coordinate with managers to ensure a smooth transition and effective start to client servicing.
• Management Consultation: Proactively engage with management on client engagements, team matters, operational challenges, and critical issues requiring management attention. Provide insights and timely updates to facilitate informed decision-making.
• Professional Guidance to Client Servicing Teams: Provide professional guidance, advisory support, and consultation to allocated Finance & Accounting (F&A) teams. Collaborate with managers and team leads to resolve client-related matters.
• Client Relationship Management: Participate in client meetings, calls, and discussions to deliver a high-quality consulting experience and ensure effective coordination with F&A managers and team leads.
• Transaction Review and Advisory: Assess significant transactions, special events, and critical business decisions to understand their financial, accounting, taxation, and regulatory implications.
• Workflow Management: Assist managers and team leads in implementing and reviewing workflow management tools to ensure timely execution and completion of client deliverables.
• Management Reporting: Develop and review management reports and trackers to monitor planned activities, work in progress, pending tasks, and completed deliverables.
• MIS Review: Review Management Information System (MIS) reports prepared by managers and team leads to ensure accurate reporting of financial performance, business performance, and statutory compliance within agreed timelines.

Job description

CONSULTING & MANAGEMENT SUPPORT

1. Potential Client Consultation: Participate in preliminary discussions with prospective domestic and international clients to understand business requirements, conduct needs analysis, review proposals, and support client discussions until the Letter of Engagement (LOE) is signed.
2. New Client Onboarding: Support the onboarding of new clients, initiate engagement activities, implement standard processes, and coordinate with managers to ensure a smooth transition and effective start to client servicing.
3. Management Consultation: Proactively engage with management on client engagements, team matters, operational challenges, and critical issues requiring management attention. Provide insights and timely updates to facilitate informed decision-making.
4. Professional Guidance to Client Servicing Teams: Provide professional guidance, advisory support, and consultation to allocated Finance & Accounting (F&A) teams. Collaborate with managers and team leads to resolve client-related matters.
5. Client Relationship Management: Participate in client meetings, calls, and discussions to deliver a high-quality consulting experience and ensure effective coordination with F&A managers and team leads.
6. Transaction Review and Advisory: Assess significant transactions, special events, and critical business decisions to understand their financial, accounting, taxation, and regulatory implications.
7. Workflow Management: Assist managers and team leads in implementing and reviewing workflow management tools to ensure timely execution and completion of client deliverables.
8. Management Reporting: Develop and review management reports and trackers to monitor planned activities, work in progress, pending tasks, and completed deliverables.
9. MIS Review: Review Management Information System (MIS) reports prepared by managers and team leads to ensure accurate reporting of financial performance, business performance, and statutory compliance within agreed timelines.

ANNUAL AUDIT & TAX SUPPORT

1. Annual Financial Statements and Schedule III: Coordinate with the F&A team to finalize annual books of accounts and support the preparation and review of Schedule III financial statements, notes to accounts, assumptions, management comments, directors' reports, and management representation letters.
2. Preventive Audits: Conduct periodic preventive audits in collaboration with the assigned audit team to review transactions and identify accounting, direct tax, indirect tax, statutory, and regulatory risks.
3. Audit Query Resolution: Coordinate with the F&A team, audit head, and audit partners to resolve audit queries, provide clarifications, and facilitate timely closure and sign-off of audit engagements.
4. Statutory Audit Management: Manage and oversee annual statutory audits, coordinate with audit team members, monitor agreed timelines, and maintain appropriate audit trackers and reports to ensure timely completion.
5. Client Discussions on Financial Statements: Plan and participate in client discussions to explain annual audited financial statements, facilitate management review, and support director sign-off and board approval.
6. Annual Direct and Indirect Tax Compliance:

• Coordinate with audit teams to manage income tax audits and prepare tax audit reports and Form 3CD for review and sign-off.
• Review corporate tax computations, tax provisions, Minimum Alternate Tax (MAT), advance tax calculations and payments, and income tax return finalization.
• Review GST annual returns and related reconciliations.
• Coordinate the preparation and review of supporting tax documentation and disclosures.

1. International Taxation and Transfer Pricing: Review international transactions between associated enterprises, coordinate transfer pricing documentation and study reports, review applicable tax certifications and statutory filings, and assess the tax implications of cross-border transactions.
2. Direct and Indirect Tax Planning: Support proactive tax planning and recommend tax-efficient structures, including withholding tax considerations. Assist in preparing responses to tax notices, assessments, queries from tax authorities, and related information requests.
3. Corporate and Regulatory Compliance: Coordinate with the Corporate & Regulatory team to review annual and one-time compliance requirements under the Companies Act, FEMA, RBI guidelines, and other applicable regulatory frameworks. Monitor activities and timelines to support effective execution and compliance.