General Manager - Accounting & Finance - Banking & Finance
Skill Works Consultancy · Remote · onsite · Posted 30d ago
About a minute. You'll make an account on the way through.
About this role
1. JOB PURPOSE:
Lead the accounting function with primary responsibility for accurate books, monthly and annual closing, balance-sheet finalisation, statutory audit coordination, resolution of auditor queries, payroll accounting, TDS compliance and timely financial reporting. Ensure strong reconciliations, documentation and audit readiness.
2. KEY ACCOUNTABILITIES:
Accountability - Core Responsibility
- Financial Accounting & Closing: Monthly closing, provisions, accruals, depreciation, ledger scrutiny and accurate books.
- Balance Sheet Finalisation: Schedules, reconciliations, confirmations and support for financial-statement finalisation.
- Statutory Audit: End-to-end coordination, audit schedules, evidence and timely closure of requirements.
- Auditor Query Management: Own audit-query tracker; coordinate data, analyse issues and provide accurate responses.
- TDS & Tax Compliance: TDS deduction, deposits, returns, certificates, reconciliations and notices/mismatches.
- Payroll Accounting: Salary provisions, statutory deductions, payroll entries and reconciliations.
- Reconciliations & Controls: Bank, customer, vendor, inter-company, GST/TDS and balance-sheet reconciliations.
- MIS & Management Support: Closing status, audit tracker and accounting MIS to CFO/management.
3. DETAILED RESPONSIBILITIES:
- Drive monthly, quarterly and annual book closure as per the approved closing calendar.
- Review trial balance, general ledger, sub-ledgers and unusual/ageing balances before close.
- Prepare and review schedules for fixed assets/CWIP, inventory, receivables, payables, advances, loans, provisions, accruals and statutory dues.
- Complete bank, customer, vendor, inter-company and statutory reconciliations and resolve aged items.
- Prepare/review financial statements, notes to accounts, schedules and audit working papers.
- Coordinate with statutory auditors from audit planning through finalisation and signing of financial statements.
- Maintain an audit-query tracker with owner, information required, response date and closure status.
- Review audit observations, identify root causes and coordinate corrective actions.
- Ensure TDS deductions, payments, quarterly returns, Form 16/16A and reconciliation of books with statutory records.
- Review payroll accounting including salary provisions, bonus/gratuity provisions where applicable and employee recoveries.
- Support CFO in tax, internal audit, compliance and management reporting matters.
4. BALANCE SHEET FINALISATION & STATUTORY AUDIT:
- Own the year-end closing checklist and ensure all ledgers and supporting schedules are complete before audit.
- Prepare audit-ready schedules and evidence for all material balance-sheet and P&L line items.
- Ensure ageing and confirmation processes for receivables, payables, advances, loans and other balances.
- Review provisions, accruals, prepaid expenses, depreciation, impairment, write-offs and year-end adjustments.
- Reconcile fixed asset register with the general ledger and support verification.
- Reconcile statutory dues and tax balances with returns, challans and books.
- Provide timely, complete and technically sound responses to statutory auditor queries.
- Track audit adjustments, management representation requirements and final audit points through closure.
- Coordinate with CFO, tax advisors, auditors and business functions for finalisation of accounts.
- Ensure financial statements and schedules are accurate and completed within agreed timelines.
5. PAYROLL, TDS & STATUTORY COMPLIANCE:
- Review payroll accounting and salary-related provisions, deductions and statutory liabilities.
- Ensure timely TDS deduction and deposit for salary and non-salary payments, as applicable.
- Review quarterly TDS returns, Form 16/16A, challan reconciliation and correction statements.
- Monitor TDS mismatches, notices and outstanding demands and coordinate timely resolution.
- Reconcile payroll records with books, bank payments, TDS records and employee liabilities.
- Coordinate with HR/payroll for employee master data, tax declarations, deductions and provisions.
- Maintain compliance calendars and documentary evidence for finance-related statutory obligations.
6. KRA / KPI SCORECARD:
- Balance Sheet Finalisation & Closing: 25% - Timely closing; schedule accuracy; no material unreconciled items
- Statutory Audit & Audit Closure: 20% - Audit readiness; timely responses; closure of queries/observations
- Accounting Accuracy & Controls: 15% - GL scrutiny; reconciliations; accounting accuracy
- TDS & Tax Compliance: 15% - Timely deductions, deposits, returns and reconciliation
- Payroll Accounting & Reconciliation: 10% - Accurate payroll entries, provisions and statutory reconciliation
- Financial Reporting & MIS: 10% - Timely and accurate reports / closing status
- Team & Process Improvement: 5% - Capability, SOPs and process improvements
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