Senior Associate

Financial Services Audit | 1 - 2 Years Experience

We are looking for candidates with 1 - 2 years of experience in Audit / Tax / Transfer Pricing, preferably with exposure to the Financial Services sector.

Key Responsibilities:

• Assist in Statutory, Internal, Tax and Transfer Pricing Audits for clients in the financial services sector.
• Perform audit procedures covering financial statements, general ledger, vouchers, bank statements and supporting documents.
• Assist in the audit of loans & advances, investments, interest income/expenses, cash & bank balances, provisions, receivables and payables.
• Perform substantive testing, sample verification, reconciliations, analytical review and variance analysis.
• Assist in Tax Audit under Section 44AB, including verification of disclosures and preparation/review of Form 3CD.
• Review TDS, GST, income-tax provisions, statutory payments and other tax compliances.
• Assist in Transfer Pricing audits, including review of international transactions, related-party transactions and inter-company arrangements.
• Verify inter-company charges, management fees, interest, reimbursements and other cross-border transactions.
• Assist in reviewing Transfer Pricing documentation, benchmarking analysis, comparable companies/transactions and arms length price computations.
• Assist in testing Internal Financial Controls (IFC/ICFR) and documenting control testing and deficiencies.
• Assist in reviewing ECL/provisioning calculations, including verification of underlying data and assumptions, where applicable.
• Check compliance with applicable Income-tax Act, Companies Act, RBI regulations, FEMA, Ind AS/Accounting Standards and other regulatory requirements.
• Prepare audit working papers, tax audit schedules, TP workings, reconciliations, confirmations and supporting documentation.
• Identify audit and tax issues and coordinate with senior team members and client personnel for resolution.
• Coordinate with client finance and tax teams for data collection, audit queries and supporting documents.
• Assist in preparing audit observations, management reports, tax audit deliverables and transfer pricing documentation.

Desired Skills & Qualifications:

• 1-2 years of relevant experience in Audit / Tax / Transfer Pricing, preferably in Financial Services.
• Strong understanding of accounting, auditing and taxation concepts.
• Working knowledge of GST, TDS, Income Tax, Transfer Pricing and regulatory compliances.
• Exposure to RBI regulations, FEMA and Ind AS/Accounting Standards will be an advantage.
• Good analytical, documentation and communication skills.
• Ability to work with large volumes of financial data and meet audit timelines.
• CA candidates with relevant experience may apply.