Principal Associate

JOB PURPOSE

The position Manager F&A in GCMBCA division role is to manage the Investments of the Promoters, submit MIS to the Promoters, have personal discussions with them about the investment proposals and MIS submitted and execute the directions. The position also ensures compliances under Wealth Tax Act., relating to all the Promoters entities.

The position Associate Manager –F&A in GCMBCA division role is to manage the taxation & accounting of the Promoters,

ORGANISATION CHART

This position reports to EVP-F&A (Family Office)

KEY ACCOUNTABILITIES

For Associates Manager – Taxation JD
A) Ensuring GST Compliance for all type of entity.
     (1) Verification of GST Data and GST Returns (Monthly, Quarterly, Annually)
     (2) ensuring Timely Filing of GST return
     (3) ensuring accurate and Timely payment of GST
     (4) Resolving the issue related to GST
     (5) Preparation of reply for Notice received from GST Departments for
          various issue.
     (6) Guiding Team member in proper handling of GST related work.

B) Ensuring Timely and accurate payment of Advance tax for all entities.
     (1) Verification of Advance tax computation prepared by team member and
          guiding them to prepare the same for all the entities.
     (2) Preparation of the advance tax computation for some entities for 
          Paying Advance Tax liabilities.
 

KEY ACCOUNTABILITIES - Additional Details

C) Ensuring compliance relating to TDS for all type of entity
(1)    TDS deduction
(2)    TDS Return preparation and Filing
(3)    Issuance of TDS certificate.

D) Finalisation of Books of Accounts and Filing of ITR of all type of entity.
     (1) Verification and preparation of Computation of Income and Financials of
          all the entities handled by founder’s division and suggesting corrections and
          improvements.
     (2) Preparation and verification of ITRs of Founders & related entities.
     (3) Liasoning with Direct tax team to get all the files verified by them before
          Filing of the ITR.
     (4) Ensuring timely Filing of Income Tax Returns of all entities.
     (5) Preparation of Tax Audit Report in Form 3CD, Form 10B for Trusts
          Audit Report wherever applicable and
     (6) Liasoning with External Auditor to get the Audit Report filed.

E) Handling of various Income Tax Notices for all type of entity
     (1) Handling Scrutiny Notice, Investigation Notice, Foreign Income related Notice
          and any other Notices received time to time from IT department.
     (2) Preparing Draft Reply for submission to department after collecting
          relevant information & Documents.
     (3) Submitting Online response / Correction request etc. for various notices
and query after taking consent from Direct Tax Team as per requirement.
 

EXTERNAL INTERACTIONS

External - Roles  you need to interact with outside the organization to enable success in your day to day work

Representatives of Insurance Companies and Investment Companies.

Banks – to arrange for the safe deposit lockers for the Promoters and for the Corporate group units.

Vendors of precious metals – to negotiate the terms of supply and get best price for the items.

Forex Vendors – to arrange FX to the Promoter Directors towards their travel requirement.

INTERNAL INTERACTIONS

Internal Treasury Department to discuss on the investments proposals from Insurance companies, Investment companies, etc.
Finance divisions to carry out the instructions given by the Promoters and get them executed.
PA s and PS of the Promoters to schedule the meetings and to pass on the messages/information.

FINANCIAL DIMENSIONS

•Submitting viable, high yielding, with minimum risk investment proposals worth Rs.1 crore every year.
•Arriving at the Wealth Tax liability accurately and making payment on time.

OTHER DIMENSIONS

•Coordinating the works thro and with various officials of the Company, PA s and other officials of the Promoters offices.

EDUCATION QUALIFICATIONS

•CA  with 5 years experience in accounting and taxation

RELEVANT EXPERIENCE

•5 years experience in Accounts &, Taxation  

COMPETENCIES