Job Description
Responsibilities
Job Summary: - To manage Head Office and regulatory reporting, financial accounting and tax management
Main Responsibilities: -
1. Head Office Reporting – Monthly reporting of the financial data in Head Office Tools in accordance with French GAAP and IFRS in a timely manner. Effectively liaising with the Head office team and responding to various queries raised by them.
2. Tax Management (Mutualised setup for SG Mumbai entities) – The below mentioned is managed for two entities,
• Preparation of Tax Audit and Transfer Pricing reports, Filing of Tax Returns (Corporate & Transfer Pricing)
• Preparation and submission of data to various tax departments during assessments
• Monthly GST calculation and GST return filing,
• Follow up with tax authorities for orders and refunds.
• Monitoring the open tax litigations status and updating the Management on regular basis.
• Reconciling the TDS account of the bank with actual TDS certificates, TDS Returns and Tax Returns.
• To Ensure the Tax filings, Payments are done within the deadlines.
• Prepare a reconciliation with the Financial Data for all the Tax filings,
• Assisting in management of various aspects of Corporate taxes with the help of tax advisors, liasioning with regional tax team for tax queries and clarifications on tax issues.
3. Month-end Activities –
• All the month end closing activities including monitoring of control accounts as per Local GAAP
• FX sell down, capitalization of assets purchased, reconciling Fixed Assets Register with accounting system.
• Perform P&L Variance analysis with Budget and MOM
• Review of all Balance sheet Ledgers and suspense accounts
4. Yearly Activity –
• Preparation and Submission of Financial Statements to RBI on yearly basis.
• Provide the details required by Statutory and Internal Auditors on the Financial statements.
5. Other Activities –
• Fine tuning / automating various processes which require considerable amount of man hours, implementing check and controls in existing processes to ensure improved data quality.
• Coordinating with various audit teams viz. statutory auditors, tax auditors, RBI inspectors; providing them the required data and resolving the queries raised by them.
• To provide relevant information required on the existing process by the management for performing Impact analysis for New products or system replacement.
Profile required
Academic Background (degree and major): -
• Chartered Accountant/BCOM
• Relevant qualifications under the RBI Capacity Building Policy.
Relevant Working Experience in number of years: - 2 to 3 years’ experience CA
Skills & Competencies required: -
• In depth understanding of various Tax Laws
• In depth Knowledge on Local GAAP, INDAS & IFRS
• In depth understanding of Management Reporting / Budgeting Process
• In depth Knowledge of Financial Reporting to RBI
• Responsibility – being able to generate outstanding individual and collective performance
• Team Spirit – Ability to build relationships with both internal & external stakeholders; anticipate conflicts and strive to resolve them fairly and sustainably
• Client Centricity & Commitment – being able to listen and demonstrate emotional intelligence to engage others; being able to anticipate client needs for better delivery of desired outcome
Language Skills: - English; good written and verbal skills
Computer Skill: - Excellent knowledge on Excel, PowerPoint, Access
Why join usBusiness insight
Societe Generale is one of the leading financial services groups in Europe. Based on a diversified universal banking model, the Group combines financial strength with a strategy of sustainable growth, putting its resources to work to finance the economy and its clients’ plans. With a solid position in Europe and a presence in countries with strong potential, the Group’s 145,700 employees in 66 countries support 31 million individual clients, large corporates and institutional investors worldwide by offering a wide range of advisory services and tailored financial solutions.
Societe Generale was established in India in the year 1+78. In 1+85, Societe Generale Bank commenced operations as a Scheduled Commercial Bank in Mumbai. Since then it has a proud legacy of servicing corporates and clients. New branches were added in Delhi (1++3). Societe Generale not only offers an extensive product portfolio to different market segments, but customizes solutions in investment banking, global finance and global markets.
Societe Generale is an equal opportunities employer and believes that a diverse and inclusive workforce should be encouraged and recognized
Job Summary: - To manage Head Office and regulatory reporting, financial accounting and tax management
Main Responsibilities: -
1. Head Office Reporting – Monthly reporting of the financial data in Head Office Tools in accordance with French GAAP and IFRS in a timely manner. Effectively liaising with the Head office team and responding to various queries raised by them.
2. Tax Management (Mutualised setup for SG Mumbai entities) – The below mentioned is managed for two entities,
• Preparation of Tax Audit and Transfer Pricing reports, Filing of Tax Returns (Corporate & Transfer Pricing)
• Preparation and submission of data to various tax departments during assessments
• Monthly GST calculation and GST return filing,
• Follow up with tax authorities for orders and refunds.
• Monitoring the open tax litigations status and updating the Management on regular basis.
• Reconciling the TDS account of the bank with actual TDS certificates, TDS Returns and Tax Returns.
• To Ensure the Tax filings, Payments are done within the deadlines.
• Prepare a reconciliation with the Financial Data for all the Tax filings,
• Assisting in management of various aspects of Corporate taxes with the help of tax advisors, liasioning with regional tax team for tax queries and clarifications on tax issues.
3. Month-end Activities –
• All the month end closing activities including monitoring of control accounts as per Local GAAP
• FX sell down, capitalization of assets purchased, reconciling Fixed Assets Register with accounting system.
• Perform P&L Variance analysis with Budget and MOM
• Review of all Balance sheet Ledgers and suspense accounts
4. Yearly Activity –
• Preparation and Submission of Financial Statements to RBI on yearly basis.
• Provide the details required by Statutory and Internal Auditors on the Financial statements.
5. Other Activities –
• Fine tuning / automating various processes which require considerable amount of man hours, implementing check and controls in existing processes to ensure improved data quality.
• Coordinating with various audit teams viz. statutory auditors, tax auditors, RBI inspectors; providing them the required data and resolving the queries raised by them.
• To provide relevant information required on the existing process by the management for performing Impact analysis for New products or system replacement.
Profile required
Academic Background (degree and major): -
• Chartered Accountant/BCOM
• Relevant qualifications under the RBI Capacity Building Policy.
Relevant Working Experience in number of years: - 2 to 3 years’ experience CA
Skills & Competencies required: -
• In depth understanding of various Tax Laws
• In depth Knowledge on Local GAAP, INDAS & IFRS
• In depth understanding of Management Reporting / Budgeting Process
• In depth Knowledge of Financial Reporting to RBI
• Responsibility – being able to generate outstanding individual and collective performance
• Team Spirit – Ability to build relationships with both internal & external stakeholders; anticipate conflicts and strive to resolve them fairly and sustainably
• Client Centricity & Commitment – being able to listen and demonstrate emotional intelligence to engage others; being able to anticipate client needs for better delivery of desired outcome
Language Skills: - English; good written and verbal skills
Computer Skill: - Excellent knowledge on Excel, PowerPoint, Access
Why join usBusiness insight
Societe Generale is one of the leading financial services groups in Europe. Based on a diversified universal banking model, the Group combines financial strength with a strategy of sustainable growth, putting its resources to work to finance the economy and its clients’ plans. With a solid position in Europe and a presence in countries with strong potential, the Group’s 145,700 employees in 66 countries support 31 million individual clients, large corporates and institutional investors worldwide by offering a wide range of advisory services and tailored financial solutions.
Societe Generale was established in India in the year 1+78. In 1+85, Societe Generale Bank commenced operations as a Scheduled Commercial Bank in Mumbai. Since then it has a proud legacy of servicing corporates and clients. New branches were added in Delhi (1++3). Societe Generale not only offers an extensive product portfolio to different market segments, but customizes solutions in investment banking, global finance and global markets.
Societe Generale is an equal opportunities employer and believes that a diverse and inclusive workforce should be encouraged and recognized
💡 Quick Summary
Seeking a career-building opportunity? The Analyst |Assistant Manager | Deputy Manager| | Finance position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
