Manager Finance & Accounts at AIR India Assets Holding Limited
Job ID: 20X81-1035497774174J
Posted on: 26th March 2025
Last Date to Apply: 15th April 2025
Location: New Delhi, India
Salary: Not Specified
Number of Openings: 1
Organisation Type: Central PSU
Sector: Other Service Activities
Functional Area: Finance, Insurance, and Accounting Services
AIR India Assets Holding Limited (AIAHL), a prominent government-owned entity, is looking for a skilled and experienced professional to fill the position of Manager – Finance & Accounts. This is an exciting opportunity for individuals seeking to contribute to a key role within a prestigious central public sector undertaking (CPSU). As a Manager in Finance & Accounts, you will be responsible for managing various financial accounting tasks and ensuring strict compliance with all relevant statutory regulations.
Position Overview
The Manager – Finance & Accounts will be responsible for overseeing the company’s financial accounting processes and ensuring that all activities align with Ind AS (Indian Accounting Standards), the Companies Act, and SEBI (Securities and Exchange Board of India) Listing Obligations and Disclosure Requirements (LODR). The role will require expertise in managing revenue, expenditure accounting, and debt servicing, as well as overseeing payroll processing, statutory dues filing, and ensuring the company’s financial statements are prepared accurately.
The role demands an in-depth understanding of financial analysis, statutory compliance, and tax regulations. It also involves extensive interaction with senior management, including the Deputy CFO, CFO, and CEO. The Manager will play an essential role in ensuring that all financial transactions are carried out with utmost precision and integrity. The position is based in New Delhi, offering a full-time opportunity within the public sector.
Key Responsibilities
As the Manager of Finance & Accounts, your responsibilities will encompass a broad range of financial tasks critical to the organization’s success. Here’s a breakdown of your core duties:
Financial Accounting Compliance
Ensure that all financial activities and accounting practices comply with Ind AS, the Companies Act, and SEBI regulations.
Oversee the preparation and filing of financial statements, ensuring accuracy and completeness in adherence to statutory standards.
Work with auditors to facilitate audits and ensure any queries or issues are resolved promptly.
Revenue and Expenditure Management
Manage proper revenue billing processes, ensuring timely and accurate billing of services and resources.
Take control of accounts receivables, ensuring all dues are collected promptly and efficiently.
Monitor expenditure to ensure that financial resources are used effectively and in compliance with the approved budget.
Debt Servicing and Cash Flow Management
Oversee debt servicing, ensuring that timely payments are made towards interest and principal.
Work with financial teams to manage cash flow, ensuring there are adequate funds for day-to-day operations and long-term investments.
Payroll and Statutory Dues Processing
Manage payroll processing, ensuring that employees are paid on time and that all statutory deductions, including taxes, provident fund, and gratuity, are correctly processed.
Ensure compliance with all statutory filings, including income tax, GST, and other regulatory dues.
Liaison with Authorities and Grant Management
Coordinate with external authorities regarding grant pre-funding and interest servicing matters.
Ensure that the company’s financial processes are aligned with the requirements set forth by regulatory bodies and government entities.
Asset Accounting and Monetization
Oversee the accounting of assets and ensure proper valuation, depreciation, and monetization of physical and financial assets.
Maintain accurate records of rental proceeds and other asset-related income.
Direct and Indirect Taxation Management
Ensure compliance with all direct and indirect tax regulations, including the preparation of tax returns and the filing of necessary documents with tax authorities.
Stay updated on tax laws and regulations and incorporate any changes into the company’s accounting processes.
Financial Reporting and Analysis
Prepare detailed financial reports for senior management, providing insights into the financial health of the company.
Analyze financial data and trends to provide actionable insights for strategic decision-making.
Support the Deputy CFO, CFO, and CEO in preparing for board meetings and other high-level discussions.
Ad-hoc Duties and Task Management
Perform any other tasks assigned by senior management, including the Deputy CFO, CFO, or CEO.
Take initiative in identifying areas for improvement in financial management and implement best practices across the finance function.
Required Qualifications
To be eligible for the role of Manager – Finance & Accounts, the candidate must possess the following qualifications:
Educational Requirements: A Post Graduate degree in a relevant field (preferably in Finance, Accounting, or Commerce) from a recognized institution.
Experience: The ideal candidate will have significant experience in financial accounting, budgeting, audit coordination, and taxation.
Skills and Competencies:
Strong knowledge of Ind AS, Companies Act, and SEBI regulations.
Expertise in taxation (direct and indirect) and statutory compliance.
Ability to manage financial reporting, budgeting, and forecasting effectively.
Excellent proficiency in financial analysis and reporting.
Experience with financial software and tools, along with advanced knowledge of Excel and ERP systems.
Good communication skills and the ability to work closely with senior management, auditors, and external authorities.
Preferred Experience and Skills
Previous Experience in a central public sector undertaking (CPSU) or government entities will be an added advantage.
Exposure to working with senior management in a high-level finance role.
Experience in handling corporate taxation and statutory filings.
Gender Preferences
The position is open to all qualified candidates, regardless of gender.
Ex-servicemen are not preferred for this particular role.
Nature of Employment
This is a Full-Time role that requires the selected candidate to be based in New Delhi.
Application Process
Candidates interested in applying for the position of Manager – Finance & Accounts at AIR India Assets Holding Limited are encouraged to submit their applications by 15th April 2025. Interested candidates can find more details and apply directly on the official website. Please ensure all required documents, including your resume and educational certificates, are submitted as part of the application process.
This is a unique opportunity to join one of India’s most renowned public sector companies. As a member of the finance team at AIR India Assets Holding Limited, you will play a vital role in maintaining the financial health and stability of the organization while ensuring adherence to all regulatory and statutory requirements.
Conclusion
AIR India Assets Holding Limited is looking for a highly skilled and dedicated professional to take on the Manager – Finance & Accounts position. This role will allow the selected candidate to gain invaluable experience while contributing significantly to the company’s financial integrity and growth. With competitive benefits, a dynamic work environment, and a chance to make a meaningful impact, this is an excellent opportunity for those with a strong background in financial management.
If you meet the qualifications and are ready to take on the challenges of this role, don’t miss the chance to apply before the deadline of 15th April 2025. We look forward to receiving your application and potentially welcoming you aboard the esteemed team at AIR India Assets Holding Limited.