Lead - Statutory Accounting

Tesco Bengaluru; Bengaluru; Hybrid; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Performance bonus

Leave and holidays

Retirement benefits (NPS/VPF)

Health insurance for family

Mental health support

Financial coaching

SAYE savings plan

On-site facilities

Job summary

Tesco Bengaluru is seeking a Lead to oversee maintenance of statutory accounts, group reporting, audits, and treasury management. You will ensure timely closing of fixed assets, cash management, and receivables.

The role emphasizes strong controls, adherence to IFRS/IAS, tax compliance, and stakeholder management. You will mentor a first-line team and drive process improvements. The hybrid work model offers office collaboration and remote work.

Qualifications

• Familiar with IFRS/IAS tax regulations and implications.
• Knowledge of tax compliance requirements for authorities.
• Ability to manage stakeholders and communicate clearly.
• Strong analytical judgment for accounting decisions.
• Understanding of key finance controls and accounting policies.

Responsibilities

• Maintain statutory accounts for Tesco Bengaluru with accuracy.
• Close financial modules (Fixed assets, Cash Management, AR) on time.
• Record essential journal entries and ensure balanced books.
• Prepare monthly balance sheet schedules and reports.
• Lead group reporting timely and accurately.
• Coordinate statutory, internal, tax and transfer pricing audits.
• Oversee fixed asset management and periodic reconciliations.
• Ensure timely statutory returns filing (APR, eTDS, etc.).
• Manage inter-company billing and cost recharges.
• Drive CI projects and mentor junior team members.
• Maintain internal controls and bring process improvements.

Skills

IFRS/IAS knowledge

Tax compliance knowledge

Stakeholder management

Analytical judgment

Finance controls

Accounting policies

Job description

About the role

Lead is responsible for maintenance of books of accounts, Statutory compliances, Group reporting, leading different audits, Treasury Management and Fixed asset management.

You will be responsible for

• Maintenance of Statutory accounts of Tesco Bengaluru
• Ensure Financial accounting modules ( Fixed assets, Cash Management, Accounts Receivable) are closed as per the timeline
• Passing the vital Journal entries in the books
• Preparation of Balance sheet schedules on monthly basis
• Completion of Group reporting as per the agreed timeliness
• Facilitation and closure of Statutory,Internal,Tax, and Transfer pricing audits and STPI, IT and FEMA Compliances
• Ensure fixed asset management and verification processes along with periodic reconciliation is completed
• Ensure effective cash utilization by placing and filing of the Statutory returns like APR, eTDS,etc as per the timeline
• Periodic Billing and cost recharges to inter-companies
• Following our Business Code of Conduct and always acting with integrity and due diligence
• Driving and implementing CI Projects and innovation for their teams
• Deep expertise in a particular process or field
• First line team supervisory responsibility on process mentoring, on the job training, coordinating and presenting
• Maintain relationships with multiple partners, handle user problems within process
• Solves complex operational problems

You will need

• Conceptual Knowledge of IFRS / IASTax regulations and implications
• Compliance requirements of Tax authorities
• Stakeholder Management
• Analysis and Judgment, logical reasoning as relevant for accounting
• Conceptual Knowledge of Controls - Key Finance controls, Accounting policies etc

Whats in it for you?

• Salary - Your fixed pay is the guaranteed pay as per your contract of employment.
• Performance Bonus - Opportunity to earn additional compensation bonus based on performance, paid annually
• Leave & Time-off - Colleagues are entitled to 30 days of leave (18 days of Earned Leave, 12 days of Casual/Sick Leave) and 10 national and festival holidays, as per the company’s policy.
• Making Retirement Tension-FreeSalary - In addition to Statutory retirement beneets, Tesco enables colleagues to participate in voluntary programmes like NPS and VPF.
• Health is Wealth - Tesco promotes programmes that support a culture of health and wellness including insurance for colleagues and their family. Our medical insurance provides coverage for dependents including parents or in-laws.
• Mental Wellbeing - We offer mental health support through self-help tools, community groups, ally networks, face-to-face counselling, and more for both colleagues and dependents.
• Financial Wellbeing - Through our financial literacy partner, we offer one-to-one financial coaching at discounted rates, as well as salary advances on earned wages upon request.
• Save As You Earn (SAYE) - Our SAYE programme allows colleagues to transition from being employees to Tesco shareholders through a structured 3-year savings plan.
• Physical Wellbeing - Our green campus promotes physical wellbeing with facilities that include a cricket pitch, football field, badminton and volleyball courts, along with indoor games, encouraging a healthier lifestyle.

About Us

At Tesco, inclusion is at the heart of everything we do. We believe in treating everyone fairly and with respect, valuing individuality and uniqueness to create a true sense of belonging. Diversity and inclusion are deeply embedded in our values—we treat people how they want to be treated. Our goal is for all colleagues to feel they can be themselves at work, and we are committed to helping them thrive. Across the Tesco group, we are building an inclusive workplace that actively celebrates the cultures, personalities, and preferences of our colleagues, who in turn contribute to the success of our business and reflect the diversity of the communities we serve.

At Tesco Bengaluru, we are proud to be a Disability Confident Committed Employer, highlighting our commitment to creating a supportive environment for individuals with disabilities. We are dedicated to offering equal opportunities for all candidates and encourage applicants with disabilities to apply. Our recruitment process is fully accessible, and we are happy to provide reasonable adjustments during interviews. If you need any accommodations to participate in the recruitment process, please let us know. We are here to ensure that everyone has the chance to succeed.

We also believe in fostering a work environment where you can excel both professionally and personally. Our hybrid model allows you to work flexibly—spend 60% of your week collaborating in person with colleagues at our office locations or local sites, and the rest of the time working remotely. We understand that everyone’s life journey is unique, whether you are starting your career, pursuing passions, or navigating life changes, and we are here to support you. Flexibility is a core part of our culture, and we encourage open conversations about how we can best accommodate your needs, so talk to us throughout your application process on the support required.