Team Member - Accounts & Taxation

Job description

**Job Purpose** Responsible for preparing financial statements of BSLAMC and submission to the shareholders for further consolidation as per the agreed reporting format. Handling fixed assets of the company by maintaining a register of fixed asset, computation of depreciation, preparing of advance and WIP schedule & organizing of physical verification of the assets KRA2 Supervise accounting of administrative expenses o Monitor accounting entries related to admin expenses such as rent, salary etc - Monitor advance payments and update schedules on regularly basis - Ensure that provision for admin expenses are updated regularly and follow-ups made to settle the same on time - Update approval system with the latest DOA and highlight improvement areas - Supervise the operations of approval matrix and handling audit of IT applications including accounting software. - Handling assignments of data backup and drills. - Monitor scope of accounting software and take note of additional requirements/ necessary improvements required for software up gradation. KRA3 Handling physical assets of the company o Monitor accounting & disbursement of fixed assets at HO & branches. - Preparation of FA register (monthly basis), preparation of FA schedule & deprecation as per income tax schedule at periodic frequency. - Computation of depreciation on fixed asset - Regular physical verification of assets of branches - Update admin function on movement and WDV of assets for insurance and disposal purpose - Resolving query from internal department or branches relating to Fixed assets - Settlement of all Capital advances - Reconciliation of Assets with Wipro (annual activity) - Extend support on IFRS regulations related to Fixed asset KRA4 Preparing financials statement o Preparation of Financial Statements of BSLAMC as per accounting standard - Updating financials in HFM system ABG. - Co-ordinating with CFD-ABNL for proper disclosure of financials to be in line with group accounting policies. - Ensure that format of the financials are timely updated as per regulator and accordingly change the groupings whenever possible. - To prepare the quarterly variance analysis for income statement and balance sheet - Monitor the accounting of provisions and keep log of closing entries