Cathay Pacific, is the flag carrier of the Hong Kong Special Administrative Region with its head office and main hub located at Hong Kong International Airport. The airline's operations and its subsidiaries have scheduled passenger and cargo services to over 190 destinations and more than 60 countries worldwide including codeshares and joint ventures.
VACANCY DETAILS :-
POST NAME - Finance Specialist
QUALIFICATION - CA Inter/CMA Inter/CA/CMA/ACCA/B.Com/BBA
EXPERIENCE - 4 Years
LOCATION - Mumbai
JOB DESCRIPTION :-
To support the Assistant Finance Manager (Compliance) and local business units to ensure robust control and full compliance of financial operations for India and support relevant countries (as required) in addition to conducting accounting and finance activities in line with established company policy and local regulatory requirements. To provide analysis and recommendations where required.
Compliance – Taxation, Regulatory Reporting
- Assist in timely and accurate filing of tax returns, responses to notices, audits, license applications/renewals, and other financial matters with local authorities.
- Ensure full compliance with local laws and regulations, maintaining required accounting records.
- Prepare GST/VAT, withholding tax, and other tax declarations and payments in accordance with local legislation.
- Support in understanding and contributing to the Company's positions on Income Tax/GST issues.
- Prepare quarterly and yearly Income Tax returns, staying informed about Direct Tax rules affecting the Company and employees.
- Handle initial responses to Income Tax/GST/Other Tax notices, providing interpretations and references to relevant laws.
- Collaborate with Finance teams like Revenue and Vendors to ensure GST/Income Tax compliance.
- Reconcile reported amounts (e.g., GST credits, TDS liability) with filed returns, documenting reasons for discrepancies.
- Monitor GST and Income Tax portals for notices, notifications, etc., taking timely actions.
- Stay updated on new local requirements impacting risk exposure and operational procedures, informing Finance team members regularly.
- Assist in Compliance-related Purchase Order creation.
- Coordinate with Head Office (HO) teams and service providers for customized reports and timely invoicing and tax compliance.
- Assist with ROC/RBI requirements and filings, coordinating with consultants as needed.
- Ensure timely paperwork and coordination with CA firms for HO remittances and certificates.
- Support Finance teams in obtaining Lower Deduction Certificates (LDC) of taxes on time.
Control and Risk Assessment
- Ensure adherence to company accounting policies and control frameworks.
- Assist in authorizing tax consultancy contracts and expenditures.
- Support completion of Control Self-Assessment for risk management.
- Review finance processes to identify policy breaches or risks, collaborating with management on control implementations.
Management and Financial Reporting
- Record entries accurately in SAP and review expenses and balance sheet items.
- Assist in budget preparation and ad hoc financial analysis.
- Coordinate with HO teams on tax accounting matters.
Business Support and Process Improvement
- Identify opportunities for process improvements and efficiency enhancements.
- Provide finance-related support to local departments.
- Deliver presentations on relevant Tax topics to non-finance teams.
E&A
- Fulfill Emergency and Accident and Crisis Response duties as required.
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