About the role
- Company: AFPL Group
- Position Title: Manager - Accounts (Payments & Taxation)
- Department: Finance & Accounts
- Location: Corporate Office, Mumbai
- Reports To: Senior Manager (Accounts and Finance)
- Employment Type: Full-time
- Disbursement Oversight: Manage the end-to-end accounts payable (AP) cycle, verifying that all payments (vendor, payroll, utility, and capital expenditures) are accurate, fully supported by documentation, and properly authorized.
- Cash Flow Management: Collaborate with the Treasury team to monitor daily cash balances, project weekly/monthly cash outflows, and optimize working capital.
- Banking Operations: Supervise banking transactions, including bank reconciliations, managing payment gateways, processing wire transfers, and maintaining robust banking relationships.
- Internal Controls: Implement and enforce strict payment control policies, ensuring segregation of duties and prevention of fraud or payment leakages.
- Compliance Management: Ensure 100% timely compliance with all applicable tax laws across all AFPL group companies.
- Indirect Tax (GST/VAT):
- Manage and oversee the timely, accurate filing of monthly/quarterly GST returns, including GSTR-1 (Statement of Outward Supplies) and GSTR-3B (Summary Return and Tax Payment).
- Actively utilize GSTR-1A for mid-month invoice amendments and corrections before filing the monthly tax liability to avoid interest or penalty liabilities.
- Conduct rigorous monthly reconciliations between GSTR-1/1A and GSTR-3B to identify and fix any discrepancies in tax liabilities.
- Oversee the deep reconciliation of GSTR-2B with internal purchase books to maximize eligible Input Tax Credit (ITC) claiming.
- Proactively follow up on, address, and resolve invoice mismatches and non-compliance issues directly with vendors to secure tax credits.
- Direct Tax (Income Tax & TDS):
- Manage timely computation, deposition, and filing of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) returns.
- Assist in the calculation and payment of Advance Tax, Corporate Income Tax, and deferred taxes.
- Assessments & Litigations: Draft replies to tax notices, coordinate representation for tax assessments, and work with external tax consultants on complex litigations or structured tax planning.
- Month-end Closing: Manage the accurate and timely closure of books of accounts concerning payments, provisions, and tax accruals.
- Group Consolidation Support: Facilitate inter-company payment reconciliations, transfer pricing documentation, and tax provisions required for consolidated group financial statements.
- Statutory & Tax Audit: Serve as the primary point of contact for internal and external auditors for payments and taxation schedules; ensure zero significant audit observations.
- System Integration: Drive ERP (e.g., SAP, Oracle, Tally) optimizations to automate manual payment cycles and tax reconciliation workflows.
- Policy Formulation: Establish and update standard operating procedures (SOPs) for the payments and tax departments to enhance efficiency and maintain compliance.
- Minimum Education: Bachelor’s degree in Commerce, Finance, or Accounting.
- Preferred Certifications: Chartered Accountant (CA), Certified Public Accountant (CPA), or MBA in Finance from a reputed institute is highly preferred.
- Overall Experience: Minimum of 6–8 years of post-qualification experience in corporate finance/accounting.
- Specialized Experience: At least 3–4 years in a supervisory role managing complex payment systems and tax compliance for a multi-entity group structure or holding company.
- Taxation Expertise: In-depth, practical knowledge of current corporate tax laws, TDS, TCS, and GST regulations (including international tax/transfer pricing laws if applicable to AFPL). Strong familiarity with GSTR-1, GSTR-1A, GSTR-3B, and GSTR-2B reconciliation ecosystems.
- System Familiarity: High proficiency with Enterprise Resource Planning (ERP) systems (Zoho Books, Tally) and tax filing portals.
- Excel Skills: Advanced MS Excel skills (Pivot tables, VLOOKUPs, data modeling, macro knowledge is a plus).
- Analytical Skills: Excellent capability to reconcile large, complex datasets across multiple bank accounts and business units.
- Communication & Negotiation: Strong written and verbal communication skills to interact effectively with executive management, tax officials, vendors, and auditors.
- Attention to Detail: Meticulous approach to verifying numbers and ensuring error-free submissions.
- Integrity: Highest level of ethical conduct, discretion, and financial integrity.