Team Member - Accounts & Taxation

Job purpose

This role focuses on preparing the financial statements of BSLAMC and sharing them with shareholders for onward consolidation in the agreed reporting format. It also includes complete ownership of the company’s fixed assets, such as maintaining the fixed asset register, calculating depreciation, preparing advance and work-in-progress schedules, and coordinating physical verification of assets.

Administrative expense accounting

The position involves overseeing accounting for administrative expenses and ensuring transactions such as rent and salaries are recorded correctly. It also requires regular monitoring of advance payments, timely updates to related schedules, and follow-up to clear provisions for administrative expenses without delay.

• Track and maintain schedules for advance payments on a regular basis.
• Make sure provisions for administrative expenses are updated and settled on time.
• Keep the approval system aligned with the latest delegation of authority and identify areas for improvement.
• Supervise approval matrix operations and support audits of IT applications, including accounting software.
• Manage data backup assignments and drill activities.
• Review accounting software coverage and flag enhancement needs for upgrades.

Fixed asset management

You will be responsible for monitoring the accounting and disbursement of fixed assets across the head office and branches, along with periodic reconciliation and reporting.

• Prepare the fixed asset register every month, along with the fixed asset schedule and depreciation as per income tax requirements.
• Compute depreciation on fixed assets at defined intervals.
• Carry out regular physical verification of branch assets.
• Update the administration team on asset movement and written-down value for insurance and disposal purposes.
• Respond to queries from internal teams and branches related to fixed assets.
• Ensure all capital advances are fully settled.
• Perform annual asset reconciliation with Wipro.
• Provide support on IFRS-related requirements for fixed assets.

Financial statement preparation

The role requires preparing the company’s financial statements in line with accounting standards and ensuring accurate reporting in the HFM system.

• Update financial statements in the HFM system at ABG.
• Work with CFD-ABNL to ensure disclosures match group accounting policies.
• Keep financial statement formats current as per regulatory changes and adjust groupings when required.
• Prepare quarterly variance analysis for the income statement and balance sheet.
• Monitor provision accounting and maintain a record of all closing entries.

Additional information

Location: Maharashtra, India. Employment type: full-time, onsite. No stipend or salary details were provided.