Internal Application: Staff Accountant – Professional Chartered Accountant (CA)

Open Position: Staff Accountant – Professional Chartered Accountant (CA)

MAQ Software (a software IT company) and our associated non-profit group entities are expanding our presence in NOIDA. In addition to our software work, we are expanding our social impact across many districts of Uttar Pradesh. We are a group of optimists working to build a strong nation through our business and our social impact initiatives.

We are looking to expand our finance and accounting team to drive various initiatives across three sectors:

• Expand our software engineering center in NOIDA by establishing state of the art engineering center in Sector 145 (construction of 320,000 sq. feet 11 story tower in progress to support 2,500 engineers)

• Running 47 computer labs in government schools in 11 UP districts for low-income students to teach Mathematics online. Presently, we provide digital access to over 60,000 students. In 2023, we plan to serve 100,000 students at 100 schools in ~15 UP districts.

• Set up seven eye hospitals to eliminate needless blindness, provide large volume, high quality, and affordable care

Besides our software work, we are working in mission mode to accelerate progress in our chosen sectors (Math education and eyecare). We are entrepreneurial, focused on excellence, and work hard to solve intractable social issues.

Our IT software company employs over one thousand computer science engineers in four engineering centers located in Redmond, WA, and India (Noida, Hyderabad, and Mumbai). US based Inc. magazine has recognized MAQ Software as one the fastest growing private companies 10 times on their prestigious Inc. 5000 list – a rare honor.

Job Description: We are looking for two chartered accountants (CAs) to support our Office Administration, Accounting, compliance with local laws and regulations.

The Chartered Accounts will support accounting operations teams across three locations. We outsource our bookkeeping and payroll. As a part of accounting operations, you will support our external partners by providing required invoices, payment records, and supporting documents.

As a part of the team, you will also support capital and operating expenses exceeding two hundred crores per year. In partnership with the external payroll processing provider, you will also work on preparing and finalizing payroll for over 1,000 employees every month.

Based on your expertise, you may also receive exposure to financial analysis relating to the setup of new companies, business operating models, and government incentives for investments.

Due to the fast-paced and distributed nature of our projects, our company plans to appoint two Professional Chartered Accounts to support our fast-paced operations in NOIDA.

This position is ideal for a Chartered Accountant that is interested in building their professional practice while devoting at least four days per week from our NOIDA office. The candidate will be paid a professional fee (not salary) for their work for their work from our NOIDA offices.

Key result areas as percentage of overall work items will be:

Financial Analysis (10%)

• Help review company structure (LLP versus Private Limited, etc.) and simplify operations

• Analyze government incentives and payment plans to maximize Internal Rate of Return (IRR) and project NPV

• Prepare reports and presentation from Managerial Accounting point of view (strategic and big picture point of view versus audit point of view)

Compliances (20%)

• Ensure interface and compliance for SEZ, customs, and other government bodies

• Ensure legal compliances for wages, PF, ESI, and Shop act etc. for contract resources in all offices

• Renew licenses under the Shops & Establishment Act, and maintain all the records

Accounting Operations (25%)

• Manage banking activities and relationship

• Review internal audit reports to ensure financial compliances

• Create and maintain cash flow statement, and monthly/quarterly/annual budgets

• Ensure financial statements are completed accurately and resolve any differences or issues

• Manage petty cash process and transactions, including reimbursement for employees

Vendor management (25%)

• Lead the price and service negotiations and manage all key agreements/contracts for all the company offices in India. This includes, catering, housekeeping, landlord/ rental relationships, security, and all other contractors

• Lead the procurement activities for all offices by analyzing prices, timeliness, and quality

• Prepare Pay Orders, manage procurements and ensure on-time delivery

• Support International and Domestic Travel, Visa, Currency, ticket & Hotel Arrangements for Company employees & Visitors

• Establish and maintain hard copy and electronic filing systems for departmental data, documents, and other materials

Payroll Support (20%)

• Review the salary input files for all the company offices in India

• Coordinate with the payroll agency to ensure accurate salary disbursements

• Support the HR team for financial and taxation related queries

Candidate Profile: Qualifications should include:

• Chartered Accountant

• Ability to travel to various government offices in National Capital Region (NCR) and various parts of Uttar Pradesh (one week per month)

• Proficiency in Microsoft Excel and newer online tools

• Excellent analytical and communication skills (English medium schooling)

Experience: Minimum of 4 years.

Compensation: Our company will offer a fixed monthly professional fee (not a salary) - 10 LPA

Job location: Express Trade Towers 2, Second Floor, B-36, Sector 132, Noida 201301

Ideas for Candidates Interested in Preparing for Interview:

• Review Founder’s Mentality by Bain and Company

https://www.bain.com/founders-mentality

• Review What I Did Not Learn in B – School and What I Did Not Learn at IIT book by Rajeev Agarwal, Founder and Managing Consultant to learn about the company culture

• Showcase your interest and aptitude in the technology services industry