CA Finalist for Management Audit, FEMA, Accounting in Ghatkopar
Ours is a Chartered Accountancy Firm based at Ghatkopar (West), Mumbai engaged in providing services mainly to SME Clients across varied Industry Segments. The Firm provides excellent learning opportunities in the areas of Finance / Governance, Risk & Compliance (GRC) / Accounting / Operational / Management / Bank Audits.
It was established in the year 1993 led by senior professionals and ably supported by qualified and experienced team members / associates. The partners have a rich and valuable experience of more than 24 years in the areas of Banking, Corporate Finance, Audit and Taxation. The firm has 2 Partners and has total team strength box around 20 he firm is having a total staff strength of around 15-20 persons.
Job Description/ Work Profile
Note: Work from home option is available based on facts of the case till the lockdown is lifted and/ or trains resume.
The Firm at present has a vacancy for Semi Qualified CA in the service lines of review of Accounting Work of Overseas Entities based in US and UAE, handling FEMA compliance work of the local clients, handling capital subsidy work under ATUF Scheme of Ministry of Textiles and Management & Operational Audits.
The candidate shall report to the owner at periodical intervals on the progress of the work.
The candidate shall submit periodic progress report to the client staff
The work environment provides conducive opportunities for growth both at the professional as well as personal levels. There are tremendous opportunities for developing new services lines in terms of data analytics, business data research using advanced statistical tools.
Review of the Accounting Work at monthly intervals undertaken by Junior Team Member
Reconciliation of the books of the overseas entities with the Indian Entity at quarterly intervals
Maintain accurate records including ledgers / journals / receipts / invoices / other supporting workings
Undertake preparation of annual audits and for execution of the same
Review Tax Returns
Prepare the data for filing VAT Returns at requisite intervals
Filing of Foreign Liabilities and Assets Return (FLA) annually of Indian Entities / Individuals
Follow up with Authorised Dealers / Banks for approval of Unique Identification Number (UIN) and obtaining the same.
Desired Candidate Requirement
Semi Qualified CA with sound conceptual understanding of the work to be executed and should be diligent.
Expereince of Two to Three Years Post Articleship
Other qualifications will be an added advantage
Good communication skills (oral as well as written), Good Attendance & Punctuality,
If CA finalist has exams in November, maximum 1month leave will be allowed
Problem Analysis and Problem Solving Attitude
Planning and Organising
Scheduling & Monitoring
Sound knowledge of Generally Accepted Accounting Principle (GAAP)
Sound knowledge of Tally ERP Accounting Software
Sound knowledge of Tax Return Preparation Software
Good working knowledge of Microsft Excel, Word and PowerPoint
Excellent attention to detailed working and accuracy in analysing financial data
Ability to maintain confidentiality
Willingness to learn new things and keep abreast of the latest developments
Basic understanding of the Foreign Tax Laws
Should be able to manage the team members
Willingness to accept work challenges
Should be able to guide the team as well as the client staff on the work front
Encourage motivation among the team members
CAPITAL SUBSIDY UNDER ATUF SCHEME
Understanding the capital subsidy scheme in detail and preparation of relevant online application and submission thereof on the TxC Portal
Co-ordinating with bankers / clients for relevant papers / documents / certifications which may be required for preparing the application.
Attending Joint Inspection Team Visit and complying with the requirements.
Co-ordinating with Regional Office / Head Office for timely disposal of the application for release of the capital subsidy
MANAGEMENT & OPERATIONAL AUDIT
Undertaking audits at regular intervals as per the audit plan drawn up in the areas of bank interest verification / bank charges verification / preparation of profitability workings
Review of the Audit work undertaken by a Junior Team Member and finalization of the audit report
Preparation of the necessary documentation for obtaining the refund from the bank
Preparation of profitability statements / MIS Reports for the clients using Tally Software or review of the above workings in case the work has been undertaken by Junior Team Member.
Reconciliation of the profitability workings with the underlying accounting data and resolve the differences if any with the clients accounting team as well as statutory auditors.