Senior Associate

Bilimoria Mehta & Co; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

Bilimoria Mehta & Co. in Mumbai seeks a candidate with 1-2 years of experience in Audit, Tax or Transfer Pricing within the financial services sector.

You will assist in statutory and internal audits, tax compliance, and transfer pricing reviews for clients, handling large data sets and coordinating with client teams. The role requires solid accounting and auditing knowledge, good analytical and communication skills, and a proactive approach to documentation and issue resolution.

Qualifications

• 1-2 years of relevant experience in Audit / Tax / Transfer Pricing.
• Preferably in Financial Services sector.
• Strong understanding of accounting, auditing and taxation concepts.
• Knowledge of GST, TDS, Income Tax, Transfer Pricing and regulatory compliances.
• Exposure to RBI regulations, FEMA and Ind AS/Accounting Standards is a plus.
• Good analytical, documentation and communication skills.
• Ability to handle large volumes of financial data and meet audit timelines.
• CA candidates with relevant experience may apply.

Responsibilities

• Assist in Statutory, Internal, Tax and Transfer Pricing Audits for financial services clients.
• Perform audit procedures covering financial statements, general ledger, vouchers, bank statements and supporting documents.
• Assist in audits of loans & advances, investments, interest income/expenses, cash & bank balances, provisions, receivables and payables.
• Perform substantive testing, sample verification, reconciliations, analytical review and variance analysis.
• Assist in Tax Audit under Section 44AB, including Form 3CD preparation/review.
• Review TDS, GST, income-tax provisions and other tax compliances.
• Assist in Transfer Pricing audits, including inter-company arrangements.
• Verify inter-company charges and cross-border transactions.
• Assist in reviewing Transfer Pricing documentation and benchmarking analyses.
• Assist in testing IFC/ICFR and documenting deficiencies.
• Check compliance with Income-tax Act, Companies Act, RBI/FEMA, and Ind AS.
• Prepare audit working papers, tax schedules, TP workings, reconciliations and confirmations.
• Identify issues and coordinate with senior team and client personnel.
• Coordinate with client finance and tax teams for data collection and queries.
• Assist in preparing audit observations and tax deliverables.

Skills

Audit concepts

Tax concepts

Transfer Pricing

Analytical skills

Documentation skills

Communication skills

Attention to detail

Education

CA (Chartered Accountant)

Job description

Financial Services Audit | 1 - 2 Years Experience

We are looking for candidates with 1 - 2 years of experience in Audit / Tax / Transfer Pricing, preferably with exposure to the Financial Services sector.

Key Responsibilities:

• Assist in Statutory, Internal, Tax and Transfer Pricing Audits for clients in the financial services sector.
• Perform audit procedures covering financial statements, general ledger, vouchers, bank statements and supporting documents.
• Assist in the audit of loans & advances, investments, interest income/expenses, cash & bank balances, provisions, receivables and payables.
• Perform substantive testing, sample verification, reconciliations, analytical review and variance analysis.
• Assist in Tax Audit under Section 44AB, including verification of disclosures and preparation/review of Form 3CD.
• Review TDS, GST, income-tax provisions, statutory payments and other tax compliances.
• Assist in Transfer Pricing audits, including review of international transactions, related-party transactions and inter-company arrangements.
• Verify inter-company charges, management fees, interest, reimbursements and other cross-border transactions.
• Assist in reviewing Transfer Pricing documentation, benchmarking analysis, comparable companies/transactions and arms length price computations.
• Assist in testing Internal Financial Controls (IFC/ICFR) and documenting control testing and deficiencies.
• Assist in reviewing ECL/provisioning calculations, including verification of underlying data and assumptions, where applicable.
• Check compliance with applicable Income-tax Act, Companies Act, RBI regulations, FEMA, Ind AS/Accounting Standards and other regulatory requirements.
• Prepare audit working papers, tax audit schedules, TP workings, reconciliations, confirmations and supporting documentation.
• Identify audit and tax issues and coordinate with senior team members and client personnel for resolution.
• Coordinate with client finance and tax teams for data collection, audit queries and supporting documents.
• Assist in preparing audit observations, management reports, tax audit deliverables and transfer pricing documentation.

Desired Skills & Qualifications:

• 1-2 years of relevant experience in Audit / Tax / Transfer Pricing, preferably in Financial Services.
• Strong understanding of accounting, auditing and taxation concepts.
• Working knowledge of GST, TDS, Income Tax, Transfer Pricing and regulatory compliances.
• Exposure to RBI regulations, FEMA and Ind AS/Accounting Standards will be an advantage.
• Good analytical, documentation and communication skills.
• Ability to work with large volumes of financial data and meet audit timelines.
• CA candidates with relevant experience may apply.