Here’s the structured and organized version of the job listing for the Finance Specialist position at Cathay Pacific:

Job Title: Finance Specialist

Location: Mumbai, Maharashtra
Job Type: Full-time
Application Deadline: 29 January 2025

Company Overview

Cathay Pacific is proud to be one of the world's leading airlines, known for its long history of success, commitment to its home base in Hong Kong, and delivery of heartfelt customer service. This reputation is built on the dedication of talented individuals who share a passion for aviation and a commitment to excellence.

Cathay Pacific offers a global network of opportunities, ensuring that your first role with the airline is just the beginning of your career journey.

Join us and see how far you can go!

Role Introduction

The Finance Specialist will support the Assistant Finance Manager (Compliance) and local business units to ensure strong financial control and compliance with local regulatory requirements. The role involves conducting accounting and financial activities as per company policy, performing compliance-related duties, and providing analysis and recommendations as needed.

Key Responsibilities

Compliance – Taxation & Regulatory Reporting

• Prepare and file accurate tax returns, respond to notices, and manage audits and license applications/renewals with local authorities.
• Ensure full compliance with local laws and regulations, maintaining necessary accounting records.
• Handle GST/VAT and other tax declarations and payments in line with local legislation.
• Prepare quarterly and annual income tax returns and remain updated on tax rules affecting the company and employees.
• Respond to income tax/GST notices, referencing relevant laws and providing initial interpretations.
• Work with finance teams (e.g., Revenue and Vendors) to ensure compliance with GST/Income Tax requirements.
• Reconcile reported amounts (e.g., GST credits, TDS liability) with filed returns and document any discrepancies.
• Monitor submissions for tax notices and take timely action.
• Stay informed about new local regulations that impact risk exposure and operational procedures, updating the finance team regularly.
• Assist with compliance-related purchase order creation.
• Collaborate with the Head Office (HO) and service providers for reports, invoicing, and tax compliance.
• Support ROC/RBI filing requirements and coordinate with consultants as needed.
• Ensure timely documentation and coordination with CA firms for HO settlements and certificates.
• Assist finance teams in obtaining lower deduction certificates (LDC) for taxes.

Control and Risk Assessment

• Adhere to company accounting policies and control procedures.
• Validate tax consultancy contracts and expenditures.
• Contribute to completing Control Self-Assessments for risk management.
• Review finance processes to identify policy breaches or risks and collaborate on implementing controls.

Management and Financial Reporting

• Record transactions accurately in SAP and review expenses and balance sheet items.
• Assist with budget preparation and provide ad hoc financial analysis.
• Coordinate with HO teams for tax accounting matters.

Business Support and Process Improvement

• Identify opportunities for process enhancements and efficiency improvements.
• Provide financial support to local departments.
• Deliver presentations on relevant tax topics to non-finance teams.

E&A (Emergency and Accident)

• Fulfill responsibilities for emergency and crisis response when required.

Requirements

Academic Qualifications

• Graduation in Commerce, Accounting, or Business Management from a reputed university or college (India or abroad) is mandatory.
• A degree in Accounting or a related discipline with sound accounting knowledge is preferred.
• Professional qualifications (e.g., Chartered Accountant, ACCA, CMA) are desirable. Semi-qualified candidates with relevant experience will also be considered.

Knowledge, Skills, and Experience

• Experience:

  • Minimum of 4+ years in Finance/Accounting is essential.
  • Prior experience in the airline industry is an advantage.
  • Familiarity with SAP is a plus.

• Technical Skills:

  • Strong understanding of local business practices and tax regulations.
  • Proven experience in improving current work practices and implementing new ideas.
  • Exceptional planning, problem-solving, and organizational skills.
  • Ability to handle multiple tasks and meet deadlines effectively.

• Soft Skills:

  • Team player with strong interpersonal skills.
  • Excellent written and verbal communication, negotiation, and presentation skills.
  • Proactive, adaptable to change, and a self-starter.

Benefits

For detailed information on benefits, visit: Cathay Pacific Careers – Why Work Here

Personal and Application Information

Equal Opportunity Employer:
Cathay Pacific is committed to providing equal employment opportunities. Personal data provided by applicants will be used strictly in accordance with Cathay Pacific's privacy policy and solely for recruitment purposes.

Applicants not notified within 8 weeks may consider their application unsuccessful. All related information will be retained for up to two years. For a copy of the Personal Information Collection Statement, contact the Data Protection Officer.

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