Statutory and Compliance Analyst
Location
Mumbai | India
Job description
Job ID:39010
Location:Mumbai: Solitaire Corporate Park
Position Category:Finance
Position Type:Employee Regular
Who are LRQA LRQA stands for dedication to clients, market firsts, and deep expertise in risk management. We've grown to become a leading global assurance provider, bringing together outstanding expertise in certification, customised assurance, cybersecurity, inspection and training.
While we're proud of our heritage, it's who we are today that really matters, because that's what shapes who we and our clients can become tomorrow. By staying true to our shared values and combining decades of collective experience, we support our clients in building a safer and more sustainable future.
LRQA currently operates across 50 countries, has more than 2,500 colleagues, generates £315m in revenue, and supports more than 60,000 clients across a diverse range of sectors and markets.
Role: The role supports the Review of Monthly Trail balance with Critical / Key Ledger analysis with Balance sheet reconciliations for the Country responsibility assigned by S & C regional Lead / GPO. Active role in the Local Financial statement's preparation and Audits. Coordinate and provide accurate data to the global outsourced provider, respond to queries, resolve issues and reviews documents that are prepared by the outsourced provider before sign-off and filing. This also includes support in management of local statutory invoicing outside of the Group's ERP system.
Key Responsibilities: - Monthly review and analysis of Country Trial Balance:
Monthly review of Country Trial Balance for one or more allocated countries (for Group/ Local set of books) and taking corrective action for rectification if any within the monthly timelines and presenting to Management the observations and improvements needed in the process at periodic intervals. Support the Regional /Area S & C lead for critical / Key Ledger analysis for the country/ allocated countries month over month basis, Liaison with local offices of the outsourced provider in the geographical area of Regional S & C lead responsibility, support Regional S & C Lead in ensuring that the global 'Statutory & Compliance process' is delivered accurately and timely. This means ensuring the input data is accurate, queries are responded to, and issues are resolved on monthly/ periodic basis. Escalation to SME/Area Lead in case of service delivery issues and corrective steps to be proposed for efficient review of Trail Balance.
For the legal entities in one or more allocated countries, take responsibility for the timely and accurate accounting and reporting in Group set of books (and wherever applicable Local set of books ) and /or local accounting, reporting, taxation and other activities necessary to comply with applicable national and international entity requirements including country level statistical reporting to Government/ local bodies/ any other Institution(together term as 'compliance' activities). This includes support in monitoring and arranging entity capital maintenance and recapitalisation where necessary and, where applicable, management of local statutory invoicing outside of the Group's ERP system.
- Liaise with outsourced providers:
Support in Review of output of the outsourced provider (financial statements and other filings) for sign-off by the SME/Area Lead.
- Process improvement support:
Helps identify process improvement opportunities and participates in continuous improvement, Global programmes, and change projects. Provide support in Coordinating Group /local audits. Support in ensuring that deliverables are provided by relevant internal parties to ensure that audits are closed timely. Works with the Global S & C Analysts on identifying common data issues, root cause analysis and resolution. Cross Area Support to the other Regional S & C Lead in completing the Compliance activity or Local/ Group Audit as a backup support or need based support after approval of your Regional S & C Lead and GPO – Global S & C Lead.
Support in Performing any local compliance activities for the country/ allocated countries that are not performed by the Global outsourced provider and /or SSC Infosys team.
- Delivering High Standards of Documentation and record keeping:
Maintain Clear documentation and record keeping both in line with LRQA standards and local requirements.
- Manage tax and audit risk:
Assist in the development of standard processes with outsourced provider for taxation audits and help in speedy resolution on minimising tax penalties wherever possible. Support in aligning Group Tax policy, in implementing structures to reduce entity cash tax expense and effective tax rates as required.
- Area/ Country specific requirements:
Coordinate and arrange to get the compliance documents prepared/received in local language, translated to English and adapt learning of local language for better understanding of such compliance matter.
Technical / Professional Qualifications / Requirement - Bachelor's degree in accounting and (willing to) study for ACCA/CA/CPA or local equivalent courses.
- 5 -10 years professional accounting experience and managing Statutory audits independently.
- Standard working knowledge of English and preferably one or more local languages
- Experience with auditors and working in an SSC environment
- Knowledge of local compliance requirements for tax, accounting and reporting and willingness to understand Global
- requirements on compliance.
- Able to demonstrate an understanding of how to maintain a strong control framework
- Experience in ERP is essential and knowledge of ByD is added advantage.
- Knowledge of Microsoft office – Excel , Word and Power point with advance technique is desirable.
Diversity and Inclusion at LRQA:
We are on a mission to be the place where we all want to work and we are passionate about embracing different perspectives because we understand the value this brings to our business, our clients and each other. We are all about creating a safer and more sustainable future and our inclusive culture is right at the heart of our business.
Together our employees make our communities better and we want you to be part of our diverse team!
LRQA is a leading global assurance provider. The integrity and expertise we bring to our partnership with clients support their journey to a safer, more secure and more sustainable future. ( Group entities ).
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