ZinkID Media – Finance Manager – Asset Reconstruction Vertical

Role:

To manage accounting operations related to Asset Reconstruction Company (ARC) transactions, ensuring accurate trust accounting, timely fund distribution, statutory compliance, and adherence to accounting standards and regulatory requirements.

Key Responsibilities:

1. Trust Accounting:

– Maintain books of accounts for Trusts/SPVs created for asset acquisition.

– Record all trust-related financial transactions accurately.

– Reconcile trust accounts, bank accounts, and investor balances periodically.

– Prepare trust financial statements and reports.

2. Distribution of Funds:

– Calculate and process distributions to Security Receipt (SR) holders/investors as per the trust waterfall mechanism.

– Ensure timely transfer of funds to eligible stakeholders.

– Maintain detailed records of distributions and investor statements.

– Coordinate with banks, trustees, and internal stakeholders for fund settlements.

3. Accounting & Financial Reporting:

– Pass journal entries and maintain the general ledger.

– Prepare monthly, quarterly, and annual financial statements.

– Perform bank, debtor, creditor, and trust reconciliations.

– Support statutory, internal, and regulatory audits.

4. Compliance:

– Ensure compliance with Indian Accounting Standards (Ind AS), Companies Act, Income Tax, GST, and RBI regulations applicable to ARCs.

– Assist in statutory filings and regulatory reporting.

– Maintain proper accounting documentation and audit trails.

5. Coordination:

– Work closely with Operations, Treasury, Legal, Trustees, and external auditors.

– Support finance initiatives related to acquisitions, co-ordination with banks and trust closures.