ZinkID Media - Finance Manager - Asset Reconstruction Vertical

Role:

To manage accounting operations related to Asset Reconstruction Company (ARC) transactions, ensuring accurate trust accounting, timely fund distribution, statutory compliance, and adherence to accounting standards and regulatory requirements.

Key Responsibilities:

1. Trust Accounting:

- Maintain books of accounts for Trusts/SPVs created for asset acquisition.

- Record all trust-related financial transactions accurately.

- Reconcile trust accounts, bank accounts, and investor balances periodically.

- Prepare trust financial statements and reports.

2. Distribution of Funds:

- Calculate and process distributions to Security Receipt (SR) holders/investors as per the trust waterfall mechanism.

- Ensure timely transfer of funds to eligible stakeholders.

- Maintain detailed records of distributions and investor statements.

- Coordinate with banks, trustees, and internal stakeholders for fund settlements.

3. Accounting & Financial Reporting:

- Pass journal entries and maintain the general ledger.

- Prepare monthly, quarterly, and annual financial statements.

- Perform bank, debtor, creditor, and trust reconciliations.

- Support statutory, internal, and regulatory audits.

4. Compliance:

- Ensure compliance with Indian Accounting Standards (Ind AS), Companies Act, Income Tax, GST, and RBI regulations applicable to ARCs.

- Assist in statutory filings and regulatory reporting.

- Maintain proper accounting documentation and audit trails.

5. Coordination:

- Work closely with Operations, Treasury, Legal, Trustees, and external auditors.

- Support finance initiatives related to acquisitions, co-ordination with banks and trust closures.