Legal Entity Controller, Corporate Controllers, Reporting & Accounting, Analyst

Morgan Stanley India Co Pvt Lt

Job Location:

Mumbai - India

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

The Financial Control Group (FCG) is responsible for overseeing the accounting and financial and regulatory reporting for the Firm. FCG prepares external financial reports for public filings and regulators. For internal reporting FCG along with Financial Planning and Analysis (FPA) summarizes plans and forecasts the organizations financial position including income statements balance sheets and analyses of future revenues expenses and earnings. FCG is comprised of Business Unit Controllers Infrastructure Controllers Accounting Regulatory and Reporting groups and Valuation Review.

The Legal Entity Controllers (LEC) group is responsible for the accounting reporting and oversight of Morgan Stanleys core legal entities. The groups responsibilities include but are not limited to preparation of financial statements regulatory filings monthly closing of the Firms books and records analytics entity-specific accounting policy legal entity maintenance account reconciliation and account structure maintenance.

Specific Responsibilities:

The main focus of the role will be to manage the legal entity reporting comprising financial reporting regulatory reporting tax filings and MIS reporting for the legal entities in India comprising the following responsibilities:

>Take care of the month end process which includes reconciliations (Intercompany Bank control accounts) FX revaluations Transfer pricing calculations booking of GAAP adjustments

>Oversight of monthly reconciliation of accounts and balances
>Review of monthly GST returns and payments
>Review of Withholding tax liability and returns
>Preparation of Annual Tax audit and Annual GST Returns
>Review of the tax assessment audit and such other submissions across the board
>Liaising with Accounts Payable and resolving their queries on WHT & GST
>Co-ordination of all legal entity activity with key internal experts such as Tax Legal Compliance etc.
>Preparation and review of statutory financial statements
>Preparation of regulatory returns to various authorities- RBI SEBI etc

Responsible for maintaining key stakeholder relationships both internally and externally including: external auditors external consultants business unit and Tax.

The role will also require participation in the development of the LEC function in Mumbai involving:

>Supporting the Business Units in new products and adapting the entitys ledgers and system requirements.
>Ongoing entity-specific initiatives and projects.
>Contributing to the reporting control framework ensuring compliance to client requirements and internal policy. Skills required:

>CA with 1 to 2 yrs of experience
>Good knowledge of Income tax and GST provisions
>Accounting knowledge of IFRS/INDAS/USGAAP
>Good communication skills- clear concise and appropriate method of delivery
>Strong Analytical skills
>Team player
>Shows a willingness to learn and adapt to the organization culture
>Have the flexibility required to work in a dynamic environment under tight deadlines.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll find an opportunity to work alongside the best and the brightest in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey offering some of the most attractive and comprehensive employee benefits and perks in the industry. Theres also ample opportunity to move about the business for those who show passion and grit in their work.

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Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds talents perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting developing and advancing individuals based on their skills and talents.

Required Experience: