Financial Accounting Specialist

Daimler Trucks North America LLC; Pune District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A leading financial services provider in Pune is seeking a qualified CA to manage the preparation of financial statements and ensure compliance with regulatory requirements. The candidate will be responsible for audits, liaising with regulators, and maintaining internal controls. Minimum 3 years of experience in financial accounting and a strong knowledge of IFRS and Ind AS standards are required. Competitive salary and benefits offered.

Qualifications

• 3+ years of experience in financial accounting.
• Knowledge of IGAAP & IFRS accounting standards.
• Experience with regulatory returns for NBFC.

Responsibilities

• Prepare and review financial statements under IFRS and Ind AS.
• Ensure timely submission of regulatory returns.
• Work with auditors during the audit process.

Skills

Financial statement preparation

Regulatory compliance

Audit management

Internal control monitoring

MS Excel

Communication skills

Education

Bachelor Degree in Commerce

Qualified CA

Tools

MS Power Point

Job description

Objective

To manage Monthly, half yearly and annual Closing of Books of accounts, Reporting as per Ind AS and IFRS, co-ordinate with Statutory, Regulators and Internal Audits, submission of various regulatory returns applicable, Monitoring Internal Control systems, ICOFR and Reconciliations.

A. Preparation of financial statements

1. To prepare & Review the Balance sheet, Profit & Loss statements, and schedules under IFRS for month end closure.
2. Review the inputs into the monthly reporting tool and ensure smooth closure of monthly reporting.
3. To prepare financial statements as per IND AS for regulatory reporting.
4. To maintain chart of accounts as per the headquarters guidelines

B. Regulatory Compliance

1. To prepare various regulatory statutory returns on a weekly, monthly, quarterly, half yearly and on annual basis and submit the same with the regulator on a timely manner.
2. To ensure that the other regulatory certification and declaration such as FDI Certificate, Statutory Auditor’s Certificate are filed with the regulator’s on a timely basis.
3. To support in preparation of data for RBI related queries and Information sought from accounting.
4. To support the Regulator’s inspection from accounting and reporting standpoint.
5. Preparation of Liquidity Coverage Ratios & CRAR on monthly basis.
6. To prepare input for disclosures of various statutory financial and related information on the website of the Company on a timely manner.
7. To prepare and facilitate various regulatory reports for ALCO meetings.
8. To ensure all the relevant and applicable compliances are complied with and closed on a timely manner in the Compliance tool.

C. Audit

1. To prepare the required balance sheet & P&L schedules as required during the Statutory audit.
2. To work closely with auditors and ensure that the financials contain all relevant disclosures applicable to the Company.
3. To review the audit observations and Management Letter and take it to the relevant team for response and closure.
4. To monitor and ensure the Internal Control Systems are in place as per the Mercedes- Benz Guidelines.
5. To ensure that the Internal Control on Financial Reporting are in place by demonstrating and documenting the controls in place.
6. To prepare presentations for various meetings related to audits like audit committee and board.

D. Accounting Reconciliations

1. To review the statutory remittances carried out by Taxation and HR department and provide accounting clearance and facilitate nil / insignificant open items.
2. To review the inter-co accounting and confirmation process of all the inter-companies and ensure timely reporting with nil or identified reconciliation items.
3. To review and approve the daily clearing entries.
4. To ensure closure of BRS open items related to accounting.
5. To review and approve daily WFS (wholesale system) interface reconciliations.
6. To ensure resolution of errors in WFS batch file.
7. To recommend for accounting approvals from CAO in special cases related to accounting.
8. To prepare wholesale system reconciliation.
9. To prepare workings and raise the invoices to intercompany for various transactions.
10. Reconciliation of TDS related to dealers.
11. To prepare the dealer balances confirmation and ensure that the same is received on time in coordination with wholesale team.

E. Liaison with Shared Service Centre and Treasury Centre and other support activities

1. To closely work with the SSC team for ensuring proper, quality and timely submission of financials with HQ.
2. To review the performance of SSC and validate the head count justification.
3. To train and educate the SSC to comply with both the IFRS and Ind AS Accounting Standards.
4. To liaison with Treasury Centre of India (TCI) for various day to day and operation topics.
5. To provide various accounting and financial related inputs to TCI for getting the Credit Rating letters.
6. To work closely with TCI in monitoring the cash flow position of the Company and facilitate them with the latest ALM and LCR submission to take meaningful decisions.
7. To support other functions of the Company as and when the demand arises.

F. To automate the various manual process to ensure accuracy and increase efficiency.

Main Accountabilities

A. Preparation of financial statements

1. To prepare & Review the Balance sheet, Profit & Loss statements, and schedules under IFRS for month end closure.
2. Review the inputs into the monthly reporting tool and ensure smooth closure of monthly reporting.
3. To prepare financial statements as per IND AS for regulatory reporting.
4. To maintain chart of accounts as per the headquarters guidelines
5. To prepare presentation on Financial Performance of the Company for Board and Audit Committees.

B. Regulatory Compliance

1. To prepare various regulatory statutory returns on a weekly, monthly, quarterly, half yearly and on annual basis and submit the same with the regulator on a timely manner.
2. To ensure that the other regulatory certification and declaration such as FDI Certificate, Statutory Auditor’s Certificate are filed with the regulator’s on a timely basis.
3. To support in preparation of data for RBI related queries and Information sought from accounting.
4. To support the Regulator’s inspection from accounting and reporting standpoint.
5. Preparation of Liquidity Coverage Ratios & CRAR on monthly basis.
6. To prepare input for disclosures of various statutory financial and related information on the website of the Company on a timely manner.
7. To prepare and facilitate various regulatory reports for ALCO meetings.
8. To ensure all the relevant and applicable compliances are complied with and closed on a timely manner in the Compliance tool.

C. Audit

1. To prepare the required balance sheet & P&L schedules as required during the Statutory audit.
2. To work closely with auditors and ensure that the financials contain all relevant disclosures applicable to the Company.
3. To review the audit observations and Management Letter and take it to the relevant team for response and closure.
4. To monitor and ensure the Internal Control Systems are in place as per the Mercedes- Benz Guidelines.
5. To ensure that the Internal Control on Financial Reporting are in place by demonstrating and documenting the controls in place.
6. To prepare presentations for various meetings related to audits like audit committee and board.

D. Accounting Reconciliations

1. To review the statutory remittances carried out by Taxation and HR department and provide accounting clearance and facilitate nil / insignificant open items.
2. To review the inter-co accounting and confirmation process of all the inter-companies and ensure timely reporting with nil or identified reconciliation items.
3. To review and approve the daily clearing entries.
4. To ensure closure of BRS open items related to accounting.
5. To review and approve daily WFS ( wholesale system) interface reconciliations.
6. To ensure resolution of errors in WFS batch file.
7. To recommend for accounting approvals from CAO in special cases related to accounting.
8. To prepare wholesale system reconciliation.
9. To prepare workings and raise the invoices to intercompany for various transactions.
10. Reconciliation of TDS related to dealers.
11. To prepare the dealer balances confirmation and ensure that the same is received on time in coordination with wholesale team.

G. Liaison with Shared Service Centre and Treasury Centre and other support activities

1. To closely work with the SSC team for ensuring proper, quality and timely submission of financials with HQ.
2. To review the performance of SSC and validate the head count justification.
3. To train and educate the SSC to comply with both the IFRS and Ind AS Accounting Standards.
4. To liaison with Treasury Centre of India (TCI) for various day to day and operation topics.
5. To provide various accounting and financial related inputs to TCI for getting the Credit Rating letters.
6. To work closely with TCI in monitoring the cash flow position of the Company and facilitate them with the latest ALM and LCR submission to take meaningful decisions.
7. To support other functions of the Company as and when the demand arises.

Qualifications

• Bachelor Degree or equivalent in Commerce.
• Postgraduate / Professional Degree in area of responsibility (Qualified CA).
• Working knowledge of regulatory environment for NBFC and Financial Service.
• Work experience: 3+ years in various areas of financial accounting including Accounting Standards (IGAAP & IFRS), Audits, Corporate Law, RBI-NBFC regulations, SEBI, etc.

2. Critical and soft skills knowledge

• Experience in preparation of financials both under Ind AS and IFRS.
• Experience in NBFCs / Financial Service.
• Experience in handling various audits and regulator inspections.
• Experience in handling various regulatory returns.
• Experience in monitoring the Internal Control System and ICOFR.
• RBI Regulation knowledge is must.
• Strong working knowledge of MS Excel & MS Power Point is a must.
• Ability to analyze, understand and interpret data and coherently communicate the inference.
• Strong communications skills, both written and verbal
• Strong technical, analytical and problem solving skills.
• Understanding of the importance of attention to detail and organization
• Very good prioritization skills to balance key priorities
• Strategic planning, and people management, Managing performance and profitability approach.

Organization

Mercedes-Benz Financial Services India Private Limited

Primary Location

India-Maharashtra-Pune

Work Locations

E-3, MIDC Chakan, Phase III, Chakan Industrial Area; E-3, MIDC Chakan, Phase III, Chakan Industrial Area; Kuruli & Nighoje, Taluka : Khed, Pune 410501