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Manager - Finance
Job Title:
Manager - Finance
Job Description:
IDfy is the Fintech ScaleUp of the Year 2021. We build technology products that identify people accurately. This helps businesses prevent fraud and engage with the genuine with the least amount of friction. If you have opened an account with HDFC Bank or ordered from Amazon and Zomato or transacted through Paytm and BharatPe or played on Dream11 and MPL, you might have already experienced IDfy. Without even knowing it. Well…that’s just how we roll. IDfy has authenticated 100 million people and aims to help bring half-a-billion people into the formal economy over the next two years. IDfy’s investors include TransUnion, MegaDelta Capital, BEENEXT, and Dream Incubator. Blume Ventures is an early investor and continues to place their faith in us.
Experience Range:
3 - 6 years
Educational Qualifications:
-B.Com in Commerce, and CA CA,
Job Responsibilities:
a. Review of Provision of Expense
b. Review of Fixed Asset Register
c. Review of Prepaid Expense Register
d. Revenue Reconciliation of Invoicing System Vs Books on Monthly basis
d. Revenue Reconciliation of Invoicing System Vs Books on Monthly basis
e. GL Review & Sign off on monthly basis and taking necessary steps to ensure compliance with Indian GAAP
f. Preparation of Standalone and Consolidated Financial Statement as per Indian GAAP
1) Indirect Taxation
a. Reconciliation of GSTR 3B & 1 return with Books (including RCM Liability and ITC).
b. Monthly GSTR 3B & 1 Review and Sign off for filing
c. Preparing working & filing GSTR 9 & 9C
g. Obtaining Ledger Confirmation from Vendors and Customers on Quarterly basis
2) Direct Taxation (incl International Taxation)
a. Review of Working & Payment for withholding tax compliances
b. Review and Sign off of quarterly TDS return filing for form 26Q & 27Q
c. Working knowledge of Tax implication & compliance requirement on payment to Non Residents
d. Working knowledge on compliance requirement for transaction relating to Transfer Pricing within and outside India
1) Indirect Taxation
a. Reconciliation of GSTR 3B & 1 return with Books (including RCM Liability and ITC).
b. Monthly GSTR 3B & 1 Review and Sign off for filing
c. Preparing working & filing GSTR 9 & 9C
g. Obtaining Ledger Confirmation from Vendors and Customers on Quarterly basis
2) Direct Taxation (incl International Taxation)
a. Review of Working & Payment for withholding tax compliances
b. Review and Sign off of quarterly TDS return filing for form 26Q & 27Q
c. Working knowledge of Tax implication & compliance requirement on payment to Non Residents
d. Working knowledge on compliance requirement for transaction relating to Transfer Pricing within and outside India
e. Application of Lower Deduction of Tax Certificate on Yearly basis
f. Working knowledge of payments and returns of Equalization Levy
g. Review and Filing of Income Tax, Tax Audit & Transfer Pricing Report
f. Working knowledge of payments and returns of Equalization Levy
g. Review and Filing of Income Tax, Tax Audit & Transfer Pricing Report
3) Treasury Management
a. Ensuring effective working capital management across the Banks
b. Maintaining relations with Bankers on an ongoing basis for all the present and future banking requirements
c. To ensure optimum utilization of reserves
4) MIS, KPI’s and various reports for Management Review
a. Preparing/developing various management reports/KPIs/dashboards e.g. Revenue analysis; Cost analysis; Function wise/POD wise cost analysis; Product profitability; any other reporting requirement
b. Preparation of various MIS reports for management, investors, bankers,etc
c. Payables and receivables ageing analysis, reconciliation on agreed frequency basis.
a. Ensuring effective working capital management across the Banks
b. Maintaining relations with Bankers on an ongoing basis for all the present and future banking requirements
c. To ensure optimum utilization of reserves
4) MIS, KPI’s and various reports for Management Review
a. Preparing/developing various management reports/KPIs/dashboards e.g. Revenue analysis; Cost analysis; Function wise/POD wise cost analysis; Product profitability; any other reporting requirement
b. Preparation of various MIS reports for management, investors, bankers,etc
c. Payables and receivables ageing analysis, reconciliation on agreed frequency basis.
5) Internal, Statutory Audit, Tax Audit & GST Audit
a. Ensuring day to day accounting transactions are done based on set internal controls.
b. Setting documented Internal processes, creating SOP’s for accounting for effective review and control
c. Co-ordinating with Internal Auditor and cross functional team to ensure smooth Internal audit progress
d. Handling end to end Statutory Audit Assignments from initial request till finalization level and ensuring timely closure of Statutory audit as per committed timelines
e. Review and Handling end to end Tax audit (incl Transfer Pricing Audit) upto Income Tax Return filing level
f. Review and Handling of GST Audit up to return filing level
a. Ensuring day to day accounting transactions are done based on set internal controls.
b. Setting documented Internal processes, creating SOP’s for accounting for effective review and control
c. Co-ordinating with Internal Auditor and cross functional team to ensure smooth Internal audit progress
d. Handling end to end Statutory Audit Assignments from initial request till finalization level and ensuring timely closure of Statutory audit as per committed timelines
e. Review and Handling end to end Tax audit (incl Transfer Pricing Audit) upto Income Tax Return filing level
f. Review and Handling of GST Audit up to return filing level
5) Handling Tax Assessments
a. Preparing Data relating to Income Tax Assessments, co-ordinating with consultant and submitting the response to the relevant authority
b. Preparing Data relating to GST Assessments, co-ordinating with consultant and submitting the response to the relevant authority
a. Preparing Data relating to Income Tax Assessments, co-ordinating with consultant and submitting the response to the relevant authority
b. Preparing Data relating to GST Assessments, co-ordinating with consultant and submitting the response to the relevant authority
Skills Required:
Finance,
Candidate Attributes:
1) Working knowledge of Tally ERP 9.0/Quick Books/NetSuite (preferred)
2) Working knowledge of Income Tax laws (incl Transfer Pricing) & provisions
3) Working knowledge of GST laws & provisions
4) Working knowledge of Advanced Excel & Data analytical tools like Data Studio/Power BI/Tableau
5) Working knowledge of preparing Consolidated Financial Statement
6) Working knowledge of Tax Implications on Payment to Non-Residents and related compliance requirements
7) Candidate from Startup Ecosystem and/or Service Industry preferable
Job Code: KL-SGT4X777
About Us
Eliminate Fraud. Establish Trust.
IDfy is an Integrated Identity Platform offering products and solutions for KYC, KYB, Background Verifications, Risk Mitigation, Digital Onboarding and Digital Privacy.
We establish trust while delivering a frictionless experience for you, your employees, customers and partners.
Only IDfy combines enterprise-grade technology with business understanding and has the widest breadth of offerings in the industry.
With more than 12+ years of experience and 2 million verifications per day, we are pioneers in this industry.
Our clients include HDFC Bank, Induslnd Bank, Zomato, Amazon, PhonePe, Paytm, HUL and many others.
We have successfully raised $27M from Elev8 Venture Partners, KB Investment, and Tenacity Ventures!
IDfy is an Integrated Identity Platform offering products and solutions for KYC, KYB, Background Verifications, Risk Mitigation, Digital Onboarding and Digital Privacy.
We establish trust while delivering a frictionless experience for you, your employees, customers and partners.
Only IDfy combines enterprise-grade technology with business understanding and has the widest breadth of offerings in the industry.
With more than 12+ years of experience and 2 million verifications per day, we are pioneers in this industry.
Our clients include HDFC Bank, Induslnd Bank, Zomato, Amazon, PhonePe, Paytm, HUL and many others.
We have successfully raised $27M from Elev8 Venture Partners, KB Investment, and Tenacity Ventures!
Why Us?
At IDfy, you will work on the entire end-to-end solution rather than a small cog of a giant wheel.
Thanks to our problem-centric approach, one in which we find the right technology to solve a problem rather than the other way around, you will always be working on the latest technologies.
You should be sold by now, but if you're not, here's some more. You'll have the chance to brainstorm in bean bags, strategise over foosball, and collaborate with a crew that's as quirky as it is brilliant.
Thanks to our problem-centric approach, one in which we find the right technology to solve a problem rather than the other way around, you will always be working on the latest technologies.
You should be sold by now, but if you're not, here's some more. You'll have the chance to brainstorm in bean bags, strategise over foosball, and collaborate with a crew that's as quirky as it is brilliant.
