Requisition Id: 1710562
As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom. At EY, we don't just focus on who you are now, but who you can become. We believe that it’s your career and ‘It’s yours to build’ which means potential here is limitless and we'll provide you with motivating and fulfilling experiences throughout your career to help you on the path to becoming your best professional self.
The opportunity : Assistant Manager-National-TAX-TAX - GCR - ACR - Mumbai
National :
National comprises of sector agnostic teams working across industries for a well rounded experience.
TAX - GCR - ACR :
Our globally coordinated tax professionals offer connected services across all tax disciplines to help the clients thrive in an era of rapid change. We combine our exceptional knowledge and experience with the people and technology platforms to equip clients in making better business decisions by bringing insights to the forefront. We help companies understand the tax policies and tax laws of governments around the world to plan and comply accordingly. Our teams leverage transformative technologies to deliver strategy and execution, from tax and regulatory obligations to operations and workforce management, to reduce risk and drive sustainable value.
We have competencies in Business Tax Services, Global Compliance and Reporting, Global Law, Indirect Tax, International Tax and Transaction Services.
Your key responsibilities
Technical Excellence
- Expectations Your skills and expertise will be utilised across a range of domestic and international projects, starting in the bid phase, continuing to award, start up and execution. Key aims and objectives Provide project accounting support accurately, timely and efficiently. Prime responsibilities and duties Project initiation
- Accountable for the financial implications of the set up and maintenance of projects in the business system in accordance with policies, pricing schedules, customer details, calendars, payment plans.
- Interprets the contract terms and conditions and ensures commercial terms are built into project set ups
- Ensures projects are financially closed
- Leads/Supports Audits Reporting and Analysis
- Ensures processes in place to enable accurate revenue recognition
- Regularly reviews margins, WIP, debtor and cash flow
- Ensures intercompany payables or receivables reconciled with counterpart and ensure prompt payments
- Link between Accounts Payable and project for coding invoices, ensuring that missing/expected invoices are accrued for/accounted timely
- Create and validate forecast/budget for chargeable hours, sell/cost rates, resulting margin and ensure target is reasonable
- Produces and analyses trend and variance report as needed
- Gathers project accruals and provision information as needed
- Owns the accuracy of financial data as reported in monthly WPR’s through collaboration with project team
- Work closely with project controls and finance analysts to produce monthly reports and estimates
- Works closely with project operations, controls and billing coordinators to improve project administration processes and effectiveness. Business Partnership
- Participates in processes that enable the project team to effectively manage its costs and risks. Identifies and implements specific cost reductions and/or leakages, providing input into risk management exercises.
- Day to day finance business partner to the project management team and representative of Finance function to them Cash Management
- Ensures invoicing plan is in place to maximise DSO
- Reviews DSO reports and assists in the development of corrective action plans
- Works with customers to ensure invoices have been received, approved, and actioned, providing status to Project team.
- Provide input into cash forecast to ensure accuracy and appropriate challenge to expedite cash collection
- Reviews WIP/AR reports with project Managers to ensure timely billing and collection
- Attest/review project transaction documents and accounts for accuracy and completeness, including sub-charges, data sheets, time reports, expenses, subcontractor invoices etc.
- Ensures accurate production of customer invoices, credit notes and back up documentation
- Ensures billings do not exceed approved budget limits and works with project managers and project Controls to resolve issues
- Drives timely recording of 3rd. Party vendor invoices Commercial Support
- Actively participates in preparation and at monthly project reviews to challenge the financial and commercial health of projects
- Interprets commercial terms and conditions, including Fx, tax, credit and system implications on bids and tenders to ensure accurate and timely costing and revenue recognition
- Complete working papers to capture use, accrual and draw down of contingencies and provisions; complete working papers to address how we will account for project incentives.
- Identifies areas of potential project gross margin improvement; ensures accurate recovery of all costs as defined in the contract and ensures non-billable costs are minimised
- Ensures the DOA is adhered to for any write off time, expense or invoice, non-billable time is approved per DOA, request for continuance of work where required
- Submission of variation, KPI and contract amendment requests and claims in accordance with contract requirements Allied occasional duties Leadership
- May directly manage Billing Coordinators and billing administration performance where project scale and scope dictates KNOWLEDGE/ EXPERIENCE/ COMPETENCIES REQUIRED Qualifications / Training Essential:
- University graduate or post-graduate in Finance.
- CA Intermediate or similar semi qualified candidates would be preferred. Experience Essential:
- Demonstrable experience in similar role for 5 – 10 years Personal Qualities, Aptitudes and Skills Essential:
- Proactive approach to problem solving
- Ability to liaise with multiple functions to gather information
- Maintain confidentiality at all times Competencies - Generic
- Advanced Excel Skills
Skills and attributes
To qualify for the role you must have
Qualification
- Chartered Accountant
- CA Inter
- MBA Finance
Experience
- CA 3-4 yrs
- CA Inter 6-9 yrs
- MBA Finance 6-9 yrs
What we look for
People with the ability to work in a collaborative manner to provide services across multiple client departments while following the commercial and legal requirements. You will need a practical approach to solving issues and complex problems with the ability to deliver insightful and practical solutions. We look for people who are agile, curious, mindful, and able to sustain positive energy, while being adaptable and creative in their approach.
What we offer
Fuelled by the brilliance of our people, EY has emerged as the strongest brand and the most attractive employer in our field, with market-leading growth over competitors. Our people work side-by-side with market-leading entrepreneurs, game-changers, disruptors, and visionaries. As an organization, we are investing more time, technology, and money than ever before in skills and learning for our people. At EY, you will have a personalized Career Journey and also the chance to tap into the resources of our career frameworks to better know about your roles, skills, and opportunities.
EY is equally committed to being an inclusive employer, and we strive to achieve the right balance for our people—enabling us to deliver excellent client service while allowing our people to build their careers as well as focus on their wellbeing.
If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.
Join us in shaping the future with confidence. Apply Now
