Senior Manager Audit and Reporting

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Job Title: Senior Manager Audit and Reporting

Purpose of job:

The main purpose of this role is to manage the audit and reporting vertical of the BC Education India Private Limited which is growing and of strategic importance to the British Council. The role will oversee all accounting and reporting and ensure adherence to internal compliance. The role holder will be required to work extensively with statutory auditor of the Company NAO of UK Internal audit team of British Council South Asia Regional Finance controller Risk and Compliance team and many others.

Role context:

BC Education India Private Limited is the subsidiary of the British Council which is engaged in business of:

1. Providing local administrative support to organize administer and conduct examinations on behalf of British Council UK at test centers in India;
2. Offering training courses/tests in English language in India for individuals educational institutions and organizations; and
3. Corporate sponsorship and related activities and distribution and marketing of rights in relation to such activities.

The main focus of this role will be to ensure the effective management of our finances function under the operating model as an enabler to allow us to achieve our ambitions of our business. The role will report to the Senior Finance Controller of the Company. The major roles and responsibilities associated with this position include Financial and management reporting month/year end reporting and closing process fixed assets management accounts receivable and other activities associated with governance of finance function.

Main opportunities/challenges for this role

Accountabilities responsibilities and main duties:

Financial Strategies Control and Reporting:

• Oversee appropriate recording in month/year end accounting for the company and post the appropriate journals where required
• Leading the statutory and tax audit under the income tax act which include preparation of the data for auditor coordination with the business team for audit queries and keeping the track of the audit calendar
• Ensure timely and accurate closure of books efficient and accurate completion of month/year end processes and reports
• Support FP&A team in review of budget versus actual cost
• Monitor and review the entire R2R cycle of company which include bank account management.
• Coordinate with direct and Indirect tax for business related queries
• Coordinate with Shared Service Centre and Managed Service provider.
• Establishes systems and processes for financial control and risk mitigation

Fixed Assets management

• Ensure accurate and timely capitalization of all assets
• Reconciliation of asset cost and amortization as per BC policies and Indian Accounting Standards
• Review of reconciliation of AUC accounts with assets accounts to ensure accuracy of asset capitalization
• Review of accuracy of Fixed Asset Register and its corresponding entry in asset accounts
• Ensuring control and documentary evidence of revaluation and / or sale of assets
• Managing insurance of assets

Internal Controls and Audit

• Ensuring appropriate internal controls with effective documentation and backups to meet ICFR requirements
• Review of trackers for all compliances on a monthly basis
• Leading on the compliance of the Financial Control and Compliance Framework (FCCF) / Period End Checklist (PEC) and other governance requirements required by the British Council
• Extending support in the NAO Audit and BC Internal Audit
• Extending supporting in the GST audit and transfer pricing audit of the Company.

Accounts receivable management

• Coordinate with managed service provider to review of the accounts receivable schedule on monthly basis and organizing monthly review call with the business team
• Ensuring the effectiveness of the tracker related to the deductions made by the customer and also maintaining the tracker of 26AS (withholding tax deducted by the customer)
• Monitoring of the deferred revenue process and also coordinating with business team for necessary information which helps in accounting.
• Preparation of audit schedule and handling audit queries

Payroll:

• Review of payroll shared by HR
• Validate the calculation of payroll compliance (PF ESIC PT etc. and timely submission of dues
• Validate the Full & Final settlement sheets shared by HR
• Review and Monitoring of income tax proof submitted by the employees
• Coordinating with the tax consultant on the Expat withholding tax
• Coordinate with HR in implementation of monetary benefit announced by the company

Engagement with other Business support functions:

• Supporting the business team to review the financial impacts on the new business proposals
• Working closely with the regional finance controller on the controls and changes in finance governance process
• Implementing new controls and policies with the support of business to increase effectiveness and efficiency in the finance process
• Working closely with FP&A and tax team of the Company

People Management:

• Coordinating with the Regional Finance Controller Shared Service Centre (SSC) and Managed Service Provider (MSP)

Role specific skills:

• Ability to work effectively within a geographically dispersed matrix structure including coordinating resources that may not be directly under the postholders control.
• Should have expertise in statutory audits internal audits financial reporting internal controls over financial reporting IndAS and Indian GAAP fixed asset accounting monthend closing processes and related financial activities.

Role specific knowledge and experience

Essential:

• Intermediate experience in the finance function/statutory audit of any entity.
• Technically skilled under the Indian accounting standards and IFRS.

Desirable

• Demonstrable and uptodate knowledge of Indian Company Law taxes (both direct and indirect) and accounting standard.
• Knowledge in SAP and Microsoft office.
• Knowledge UK GAAP (Generally Accepted Accounting Principles).

Qualifications

Essential: Graduate and Qualified Chartered Accountant (Must) Preferrable CA batches : May 2020 to Nov 2024

Further Information

Pay Band 6

Contract Type Indefinite

Starting Salary range:The gross annual salary for this post is INR1040000

Department/Country Country Finance Operations / India Noida Chennai Mumbai

Closing Date (Time) 20 Apr2025 23:59 IST Time/19:29 UK Time

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