Senior Manager - Financial Reporting & Portfolio Accounting - Financial Firm - CA

This position plays a key role in following areas :

1. Financial Reporting under Indian Generally Accepted Accounting Principles, International Financial Reporting Standards (IFRS), Indian Accounting Standard (IND AS), FINREP, Forbearance and Non-performing exposures and Asset Encumbrance.

2. Statutory Audit / Internal Audit / Head Quarter Audit / Reserve Bank of India Inspection, Service Tax Audit.

3. Verifying and processing daily accounting entries in accounting system (SAP)

4. Monitoring and checking of consolidated daily entries and special events of wholesale and retail portfolio in IGAAP as well as IFRS books of account

5. Monitoring and consolidated checking of receipts, billing and invoicing of wholesale and retail loan portfolio

6. Monitoring and consolidated checking of sub product receipt, billing and invoicing

7. Monitoring of sub General Ledger balance of Lending Suite Indus (LSI) system with SAP

8. Review of reconciliation of bank customer collection accounts

9. Business architect of LSI system and test team member for system User Acceptance Test (UAT) related to any production issues of system and Change Requests (CR) related to Wholesale and retail portfolio accounting.

10. Preparation of maturity bucketing of IGAAP as well as IFRS portfolio for VOKUS reporting

11. Process improvement related to accounting as well as other department processes

12. Posting and authorization of payments to third party vendor.

13. Processing of Salaries of Local and Global Employees.

14. System (SAP) Production Bug fixes

15. System Architect (SAP)

16. Access and Identity Management Coordinator.

17. Business Continuity Plan Coordinator.

1. Financial Reporting:

Review of Monthly Indian Generally Accepted Accounting Principles Financials (IGAAP):

I. To monitor all sub processes involved in the monthly closing of IGAAP Financials.

II. To act as a backup for doing all sub processes involved in monthly closing in the absence of Assistant Manager - General Accounting.

III. To review bank reconciliations on monthly basis for all banks and sign them off.

IV. To review IGAAP Financials in compliance with Schedule VI requirement for management reporting.

V. To perform General Ledger scrutiny on monthly basis.

VI. To review Monthly, Quarterly, Half Yearly, Yearly financials for management reporting.

Preparation of International Financial Reporting Standards (IFRS):

I. To review working for GAAP difference between IFRS and IGAAP on Treasury Products like Commercial Papers (CP), Non-Convertible Debentures (NCD) etc, for Dealer Funding & Insurance business.

II. To prepare working for Deferred Tax and current Tax under IFRS.

III. To prepare financials under IFRS for Head Quarter Reporting.

Preparation of IND AS Financials:

I. To review working for GAAP difference between IND AS and IGAAP on Treasury Products like CP, NCDs etc, Dealer Funding business, Retail business and Insurance business.

II. To prepare working for Deferred Tax and current Tax under IND AS.

I. To support in system development for IND AS implementation in Loan Management System and SAP.

II. To prepare financials under IND AS for management reporting.

Preparation of FINREP, Forbearance & Non Performing Exposure and Asset Encumbrance Reporting

I. To review additional information of the receivables based on Client groups, purpose, collateral, product, NACE codes provided by Risk and prepare reporting for the same.

II. To review additional information of the accumulated impairment based on the with break-down of individual valuation allowance, portfolio based valuation allowance. Individual value adjustments calculated on a portfolio basis prepared by Risk and prepare reporting of the same.

To review additional information of receivables and accumulated impairment for Performing and Non-performing Exposures, Forborne Exposures with break-down of client groups, purpose and maturity prepared by Risk and prepare reporting for the same.

Statutory Audit / Internal Audit / Head Quarter Audit / Reserve Bank of India Inspection etc.:

- To review annual accounts of the company along with all schedules and notes.

- To review reports/accounts under Half Yearly Limited Review requirements and get it audited.

- To facilitate internal audit, Head Quarter audit, Reserve Bank of India inspection and provide all data/information requested.

- To act as a coordinator between all departments and auditor for all audit related requirements.

- To respond to all audit related queries and provide all supporting and required information on time.

- To finalize audit before deadline

Ensure the Accuracy of Wholesale (DF and TL),Retail Loan Portfolio and Sub product Accounting:

- Conso level checking of daily accounting entries including special events of IGAAP as well as IFRS accounts.

- Conso level checking of the invoicing and repayments.

- Change of classification of asset from Standard asset to Non- performing asset and vice versa.

- Conso level checking of retail adjustments and Sale out of Trust

- Conso Level checking of interest and brand support fee billing

Checking of daily IFRS accounting entries of term loan

Bank Reconciliations - Customer collection accounts :

- Review of monthly reconciliation is being prepared for bank open items for which receipt is not mark in the system or vice versa.

Informing operations about the unapplied amounts.

Processing Fees Management Information System update:

- Review of Processing Fees Management Information System (MIS) and processing fees entries passed for the month.

- Cross checking with the Processing Fees outstanding with the

Operations MIS.

Monthly Risk Provisioning:

- Checking the portfolio break-up between DF, Demo Cars, Non dealer corporate and Term Loans.

Posting additional differential provisioning entries in SAP on the month-end and reversal of same on next day.

Payment of Dealer Incentives / Volume Bonus to dealer / DFM and DSE Incentive :

- Cross-checking dealer incentive payable file received from Business Strategy & Marketing/ Operations with the actual paid amount.

- Passing dealer-wise Incentive payable entries into SAP and doing payment entry

Review of Volume Bonus to dealer and DSE/DFM and payment

Tax Deduction at Source reconciliation and TDS refund:

- Tax Deduction at Source reconciliation is carried out between the 26AS and the Dealer Funding system and checked whether the credit is received for the same.

TDS Credit as per Form 26 is more than TDS applied in DF system than refund or credit of excess amount required to give to dealer.

Education:

Chartered Accountant Degree is required.

Working Experience (in years):

Relevant working experience of 8-10 years.