Assistant Manager – Finance

Position Summary

The Assistant Manager – Finance is responsible for managing India finance operations, statutory compliance, foreign remittance reporting, accounting, banking, audit support, and management reporting for Assent’s India entity.

Key Requirements & Responsibilities

India Compliance, Tax & Statutory Reporting

• Own and maintain the India compliance calendar covering GST, TDS, payroll taxes, PF, Professional Tax, Companies Act, ROC/MCA, RBI/FEMA, tax audit, statutory audit, transfer pricing, and other applicable requirements.
• Coordinate timely calculation, review, payment, and documentation of statutory dues, including GST, TDS, Professional Tax, PF, advance tax, and other statutory payments.
• Support GST compliance, including liability computation, return filing coordination, input tax credit review, GST reconciliations, e-invoicing support, and audit documentation.
• Support TDS and income tax compliance, including TDS applicability review, withholding tax remittance, TDS return filing coordination, advance tax support, tax audit schedules, and consultant query resolution.
• Coordinate Companies Act and secretarial compliance with company secretary or external consultants, including ROC/MCA due dates, board/AGM documentation, annual filings, director KYC, statutory records, and finance-related inputs.
• Review compliance outputs prepared by external consultants or service providers to ensure accuracy, completeness, timeliness, and audit readiness.

Foreign Remittance, FEMA & Banking Compliance

• Manage documentation and compliance support for foreign remittances, foreign currency receivables/payables, cross-border payments, and overseas vendor payments.
• Coordinate with banks, consultants, and internal stakeholders for Form 15CA/15CB, withholding tax evaluation, purpose code classification, FIRC, eBRC, EDPMS, SOFTEX, RBI/FEMA-related documentation, and other remittance requirements.
• Maintain trackers for foreign remittances, FIRC, eBRC, EDPMS, SOFTEX, withholding tax positions, bank submissions, export realization, and open regulatory items.
• Ensure foreign currency transactions are supported by appropriate invoices, agreements, approvals, tax documentation, bank records, and regulatory evidence.
• Support banking compliance related to foreign inward remittances, export realization, bank balance confirmations, authorized signatory confirmations, and other bank documentation.
• Identify and escalate compliance risks related to foreign payments, realization timelines, documentation gaps, tax withholding, or FEMA/RBI requirements.

Accounting Operations, Month-End Close & Reporting

• Maintain accurate books of accounts for the India entity and support day-to-day accounting entries, reconciliations, and month-end close activities.
• Record or review accruals, prepayments, depreciation, foreign exchange revaluation, intercompany entries, statutory liabilities, payroll-related entries, and other month-end adjustments.
• Prepare and review bank reconciliations, balance sheet reconciliations, statutory liability reconciliations, GST/TDS reconciliations, payroll-related reconciliations, and other finance schedules.
• Support AP and vendor payment activities, including vendor master review, invoice verification, approval validation, tax treatment, GST/TDS applicability, payment proposals, vendor reconciliations, and open item follow-up.
• Support intercompany accounting, including intercompany invoicing, transfer pricing markup support, AR tracking, receipt reconciliation, transfer pricing documentation, and coordination with global Finance and tax teams.
• Maintain the fixed asset register and support asset capitalization, tagging, depreciation, retirements, disposals, physical verification, and related reporting.
• Prepare monthly MIS reports, cost analysis, cash requirement updates, statutory obligation summaries, reconciliation reports, and management reporting required by Assent leadership or global Finance.

Audit, Controls & Process Improvement

• Coordinate statutory audit, tax audit, transfer pricing audit, internal audit, and other applicable audits, including audit schedules, supporting documentation, balance confirmations, financial statements, and auditor query responses.
• Maintain audit-ready files for GST, TDS, income tax, payroll statutory compliance, foreign remittances, FEMA/RBI support, bank reconciliations, vendor payments, expenses, intercompany balances, and balance sheet accounts.
• Track audit open items and ensure timely closure within statutory and internal deadlines.
• Support documentation, standardization, and transition of selected India finance activities from external service providers to improve internal ownership, controls, and audit readiness.
• Create SOPs, checklists, trackers, and maker-checker workflows for recurring finance and compliance activities.
• Identify activities that can be managed internally versus those requiring specialist consultant support due to technical, legal, statutory, or regulatory complexity.
• Improve internal controls, documentation discipline, approval workflows, compliance tracking, and process ownership for India finance operations.
• Support automation and process improvement initiatives to reduce manual effort, improve accuracy, and strengthen control over India finance activities.