IDfy - Manager - Finance - CA

Manager Finance

About IDfy:

IDfy builds technology products and solutions that accurately authenticate entities. This helps businesses prevent fraud and engage with verified entities with the least amount of friction.

IDfy's cutting-edge technology solutions are used by customers to capture the right information upfront, authenticate this information and verify the information provided in seconds. This allows our clients to streamline customer KYC and smooth employee onboarding. It also helps reduce transaction risks among digital marketplaces.

IDfy's technologies are running customer onboarding processes for Banks like HDFC, building the delivery networks of e-commerce majors like Amazon, safeguarding the likes of Dream11 from fraud and money laundering, and ensuring guests' safety on Airbnb.

Since 2011, IDfy has performed more than 70 million verifications for 500 clients. IDfy has won the Fintech ScaleUp of the Year 2021 at the Indian Fintech Awards (IFTA). We consistently rank amongst Asia's Top 5 Regulatory Technology companies. Our institutional investors include Blume Ventures, MegaDelta Capital (NEA), Dream Incubators, BEENEXT, and NB Ventures

About the Role:

IDfy is seeking an experienced Chartered Accountant having up to 4-5 years of post qualification work experience. The role would involve managing Book closure, GL Management and Accounting, Treasury Management, MIS reporting, Managing KPIs and various management reports, Handling Internal/Statutory Audit/Tax audit of the IDfy group companies. Knowledge on International Taxation (incl Transfer Pricing), Handling Tax assessments. Should know the industry development and introduce automation in various processes, Should take initiative in introducing best industry process or practice and continuously monitor and improve the same to keep it relevant, Should be tech savvy with a growth mindset and problem solving attitude

Detailed Role & Responsibilities:

A) Accounting, G/L Management & Book Closure Activity:

a. Review of Provision of Expense

b. Review of Fixed Asset Register

c. Review of Prepaid Expense Register

d. Revenue Reconciliation of Invoicing System Vs Books on Monthly basis

e. Key G/L Reviews & Sign off on a monthly basis and taking necessary steps to ensure compliance with statutory requirements.

f. Preparation of Standalone and Consolidated Financial Statement as per Indian GAAP. Working knowledge of IND AS would be given more preference.

g. Obtaining Ledger Confirmation from Vendors and Customers on Quarterly basis

B) Treasury Management:

a. Ensuring effective working capital management across the Banks

b. Maintaining relations with Bankers on an ongoing basis for all the present and future banking requirements

c. To ensure optimum utilization of reserves

d. Cash flow forecasting & budgeting for the management

d. Managing forex transactions in compliance with FEMA guidelines

Preparations of ad hoc reports on time to time basis:

a. Preparation of monthly MIS Report

b. Payables and receivables ageing analysis, reconciliation on agreed frequency basis.

c. Any other reports required from time to time.

Internal, Statutory Audit & Tax Audit:

a. Ensuring day to day accounting transactions are done based on set internal controls.

b. Setting documented Internal processes, creating SOPs for accounting for effective review and control

c. Coordinating with Internal Auditor and cross functional team to ensure smooth Internal audit progress

d. Handling end to end Statutory Audit Assignments from initial request till finalization level and ensuring timely closure of Statutory audit as per committed timelines

e. Review and Handling end to end Tax audit (incl Transfer Pricing Audit) upto Income Tax Return filing level

f. Preparing Data relating to Income Tax Assessments, coordinating with consultant

and submitting the response to the relevant authority

Direct Taxation (incl. International Taxation):

a. Working knowledge of Tax implication & compliance requirement on payment to Non Residents

b. Working knowledge on compliance requirement for transaction relating to Transfer Pricing within and outside India

c. Application of Lower Deduction of Tax Certificate on Yearly basis

d. Working knowledge of payments and returns of Equalization Levy

e. Review and Filing of Income Tax, Tax Audit & Transfer Pricing Report

Skills & Attributes:

1. Chartered Accountant

2. 4-5 years of relevant post-qualification experience.

3. Should have done articleship with any BIG4 firm

4. Working knowledge of Microsoft Dynamics Business Central would be an added advantage

5. Excellent financial acumen with eye for detail.

6. Strong interpersonal skills, along with the ability to communicate effectively with all stakeholders.

7. Tech savvy, Business oriented, Problem solving & Growth mindset.

8. Expertise in GAAP Accounting, Companies Act, FEMA, IND AS, Taxation, Treasury