Executive/AM - Accounts & Taxation - AMC - BFSI Job Description Template
The Executive/AM - Accounts & Taxation will play a critical role in managing financial reporting, tax compliance, and regulatory adherence within the Asset Management Company (AMC) and Banking, Financial Services, and Insurance (BFSI) sectors. This position involves collaborating with various departments to optimize financial processes and ensure accurate reporting.
Responsibilities
- Prepare and review financial statements and reports
- Ensure compliance with tax regulations and filing requirements
- Manage accounts payable and receivable processes
- Assist in the preparation of budgets and financial forecasts
- Conduct internal audits to ensure regulatory compliance
- Collaborate with external auditors for annual audits
- Monitor and analyze accounting data to produce financial insights
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field
- CA/CPA certification is preferred
- Minimum of 3-5 years of experience in accounting and taxation
- Experience in the AMC or BFSI sector is a plus
- Strong understanding of financial regulations and compliance
- Excellent analytical and problem-solving skills
- High attention to detail with strong organizational skills
Skills
- Tax compliance
- Financial reporting
- Budgeting and forecasting
- Accounts payable/receivable management
- Internal auditing
- Regulatory compliance
- Excel
- SAP
- Oracle Financials
Frequently Asked Questions
An Executive/AM in Accounts & Taxation within an Asset Management Company (AMC) in the Banking, Financial Services, and Insurance (BFSI) sector is responsible for overseeing financial reporting, accounting procedures, and tax compliance. They ensure accurate financial records, prepare financial statements, manage audits, and ensure all taxation obligations are met. This role requires strong analytical skills to interpret financial data and policies applicable to the BFSI sector.
To become an Executive/AM in Accounts & Taxation for an AMC in the BFSI sector, one must possess a degree in finance, accounting, or a related field. Certifications like CA, CPA, or CMA are advantageous. Experience in financial reporting, tax compliance, and understanding of regulatory frameworks are crucial. Aspiring candidates should gain relevant experience through internships or entry-level positions in the financial services sector and build strong analytical and problem-solving skills.
The average salary for an Executive/AM in Accounts & Taxation within an AMC in the BFSI sector varies based on factors like location, experience, and the organization's size. However, these roles generally command competitive salaries reflective of the specialized skills required, often supplemented by benefits and bonuses. Those with advanced qualifications or significant experience in the field can expect higher compensation packages.
Candidates aspiring to be an Executive/AM in Accounts & Taxation in an AMC within the BFSI sector should hold a bachelor's degree in accounting, finance, or commerce. Advanced qualifications such as Chartered Accountant (CA), Certified Public Accountant (CPA), or Chartered Management Accountant (CMA) are highly beneficial. Proficiency in accounting software, understanding of tax laws, and regulatory compliance are essential skills for this role.
An Executive/AM in Accounts & Taxation in an AMC within the BFSI sector must possess strong analytical skills for financial problem-solving and data interpretation. Key responsibilities include preparing financial statements, managing audits, ensuring tax compliance, and maintaining financial records. Effective communication skills, attention to detail, and proficiency in financial software are crucial to successfully navigate the complexities of accounting and taxation in the financial services industry.