Spandana Sphoorty - Vice President - Accounts & Taxation - CA

About Spandana:

Spandana Sphoorty Financial Limited is one of the largest Microfinance Institution (MFI) in the world. We are registered with Reserve Bank of India as an NBFC- MFI. Spandana provides micro-credit and credit-plus services to low-income households and individuals to improve their quality of life. Spandana Sphoorty Financial Limited has over 610 branches across 14 States in India. We have around 2500 crores loan out standing with over 1.15 Million borrowers.

Role : VP-Accounts & Taxation

Reports to : CFO

Location : Hyderabad

Team size : Direct-4, Indirect-25

Qualification : Qualified full time CA

Responsibilities :

Ensures timely and error free payment of tax and filing of returns so as to fulfil the statutory compliance requirements faced by the organization

- Creates a clear calendar of returns and payments which is communicated to the team

- Provides updates on changes in enactments to the team

- Liaisons with tax advisors on a regular basis to ensure proper compliance

- Cross checks the tax calculations to ensure accuracy of numbers and adherence to enactments

- Cross checks the tax returns to ensure accuracy and adherence to enactments

- Ensures efficient handling of tax matters so as to protect the organizations financial and legal interests

- Guides team to prepare back-up documentation to fulfill the notices, scrutinies, appeals and other tax departmental requirements

- Represents organization before tax authorities along with tax advisors

- Keeps oneself abreast of new developments in taxation which could have significant impact on the organization

- Ensures timely and accurate preparation of books of accounts for HO and branch as per the accepted accounting standards so as to fulfill the statutory compliance requirements faced by the organization - Keeps oneself abreast of new developments in accounting standards which could have significant impact on the organization

- Provides updates on changes in accounting norms to the team

- Cross checks key element of the books of accounts to ensure adherence to accounting standards, principles and practices

- Analyzes branch accounts to measure segment profitability

- Ensures timely and accurate reporting and other payments with statutory bodies so as to fulfill the statutory compliance requirements faced by the organization

- Cross checks all reports prepared by team,suggests changes if any and ensures timely submission of the same

- Provides the financial and other business related information to investors/ management through prescribed formats

- Cross checks all statutory payment details prepared by team,suggests changes if any and ensures timely payment of the same

- Ensures smooth handling of quarterly, half yearly and annual audits through statutory auditors so as to fulfill the statutory compliance requirements faced by the organization

- Ensures proper and exhaustive information is provided to the auditors on time

- Responsible for answering all queries put forward by the auditors in a satisfactory manner

- Coordinates with all HODs to obtain any information required by the auditors

- Responsible for recruitment, retention, skill development, growth and satisfaction of team

- Creates a recruitment plan for the department, and ensures recruitment happens as per plan

- Ensures appropriate training and development interventions

- Conducts timely and transparent appraisals

- Conducts monthly 1:1s with direct reports

- Actively manages vertical and horizontal career development of team

- Conducts semi-annual skip level 1:1s with all indirect reports

Meetings :

- Weekly Update meeting with MD/CFO

- Monthly review meeting - with direct reports