Audit Executive

Role & Responsibilities: Executive Audit & Tax

  - Position: Executive – Audit & Tax
  - Academic Qualification: B.Com
  - Location: Jayanagar 4th Block, Bangalore

Key Responsible Areas (KRAs)

1. Annual Activities (As per Letter of Engagement)

  - End-to-End Audit: Independently manage statutory audit assignments for allocated clients from planning through finalization.
  - Annual Books Closure & Schedule III: Partner with the Floraison F&A team to finalize annual books of accounts. Provide guidance on preparing Schedule III financials, notes, assumptions, directors' reports, and MRLs.
  - Audit Query Resolutions: Collaborate with the F&A team, Audit Head, and P&R Partner to resolve final and open audit queries (CQL), providing the necessary assurance for partner sign-off.
  - Closure of Statutory Audit: Manage and oversee statutory audits within agreed timeframes while maintaining accurate trackers and reports.
  - Limited Reviews: Conduct periodic preventive audits covering direct/indirect tax, accounting, and regulatory compliance, while mentoring team members.
  - Client Discussions on Financials: Plan and participate in client briefings regarding annual audited financials ahead of board approval and director sign-offs.
  - 360-Degree Transaction Analysis: Work with managers to evaluate and advise on the broader implications of specific client transactions or business decisions.
  - Consulting & Client Advisory: Deliver high-value advisory and professional guidance to clients and internal F&A teams.
  - International Tax: Review cross-border transactions, transfer pricing study reports, and tax filings with relevant authorities.
  - Direct & Indirect Tax Planning: Assist with tax optimization, withholding tax implications, and drafting responses to tax notices or queries.
  - Corporate & Regulatory Compliance: Coordinate with the C&R team to oversee activities related to the Companies Act, FEMA, and RBI regulations.
  - Annual Tax Finalizations: Manage income tax audits, Form 3CD, corporate tax computations, advance tax, GST annual returns, and related reconciliations.

2. Advisory & Ongoing Compliance Support

  - Consultation: Provide expert advisory on GST regulations and Income Tax matters.
  - Review & Reporting: Monitor ongoing compliance, including advance tax calculations and GST refund applications.
  - Special Assignments: Assist clients with regulatory clarifications, tax assessments, scrutiny notices, and transaction structuring.
  - Research: Stay updated on new labor codes, tax updates, and GST notifications to deliver comprehensive guidance.

3. Client Management & Service Delivery

  - Primary Point of Contact: Serve as the dedicated SPOC for assigned clients, fostering strong relationships through proactive communication.
  - Global Engagement: Interact confidently with Board Directors and global SPOCs to translate complex Indian tax frameworks into actionable insights.
  - Service Quality: Ensure all deliverables meet high accuracy standards and internal review requirements.
  - Risk Mitigation: Proactively identify and escalate potential operational or compliance risks.

4. Leadership & Behavioral Expectations

  - Service Ownership: Deliver empathetic, high-touch consultation in strict alignment with client LOEs.
  - Independent Contribution: Efficiently manage multiple engagements simultaneously while reporting directly to the Manager – Audit & Tax.
  - SLA Adherence: Maintain strict timelines to achieve zero client escalations.
  - Communication & Adaptability: Utilize strong English communication skills to bridge technical details with strategic advice, transitioning seamlessly between detailed validation and high-level advisory.
  - Process Improvement: Focus on automation and workflow optimization to minimize manual dependencies.