Divisional Head - Accounts & Tax

Apollo Tyres Ltd is an international tyre

manufacturer and the leading tyre brand in India. The company has multiple

manufacturing units in India and a unit each in The Netherlands and Hungary.

The company markets its products under its two global brands – Apollo and Vredestein,

and its products are available in over 100 countries through a vast network of

branded, exclusive and multi-product outlets.

Job Title: Divisional Head - Accounts & Tax

Location: Hungary Plant

Reports to (Position): Head - Accounts (EU)

Department/Function: Finance

Number of Direct Reports: 3

Number of Outsourced Reports: 1

Purpose of the Job: This role encompasses responsibility for end-to-end accounting, tax compliance, treasury, payroll, and audit-related activities, ensuring full adherence to Hungarian statutory requirements and internal corporate policies. The ideal candidate will possess a solid background in both transactional accounting and compliance and be capable of driving process efficiencies and robust financial governance.

Major Responsibilities

• Transactional Accounting

• Oversee Accounts Payable (AP), General Ledger (GL), and Fixed Assets (FA) processes.
• Supervise daily cash application and direct debit processing handled via the COE.
• Coordinate AR routines including credit control, payment follow-ups, and customer account reconciliations.
• Manage COE supervision and coordination for seamless operational delivery.

• Period-End Closing

• Lead GL reconciliations, intercompany clearing, and IC reconciliations.
• Drive timely month-end accruals and P&L (FICA) preparation.
• Review sales deduction accruals and compile monthly management reports.

• Compliance & Taxation

• Ensure compliance with Hungarian VAT, Corporate Income Tax (CIT), and Eco Tax regulations.
• Oversee the preparation, filing, and reconciliation of tax returns.
• Coordinate local Transfer Pricing file preparation and manage intercompany agreements.
• Maintain compliance with Delegation of Authority (DOA) rules and legal governance.
• Ensure statutory secretarial and corporate governance requirements are fulfilled.

• Payroll & HR Support

Supervise monthly payroll processing in collaboration with HR.

Administer payroll tax, statutory filings, and employee-related financial reimbursements.

• Audit & Financial Reporting

• Prepare and review quarterly and annual financial statements.
• Support external and internal audit processes, ensuring compliance with audit standards.
• File local financial statements and ensure all local financial compliance obligations are met.

• Treasury & Cash Management

Manage supplier payments and banking relationships.

Lead cash flow forecasting and daily/weekly reporting to ensure optimal liquidity.

Requirements

Bachelor’s or Master’s degree in Accounting, Finance,

or a related field. Recognized accounting certification (e.g., Hungarian Chartered Accountant, ACCA, CPA).

Minimum 7–10 years of progressive experience in accounting and tax, with at least 3 years in a managerial capacity.

Strong understanding of Hungarian tax and accounting regulations, with hands-on experience in VAT, CIT, and payroll tax.

Familiarity with ERP systems (e.g., SAP, Oracle) and strong MS Excel skills.

Fluent in Hungarian and English.

Proven leadership skills with

the ability to manage teams and cross-functional coordination.

Why join us?

A dynamic and innovative environment

Colleagues from all over the world

A competitive compensation packages

Participation in learning & development activities

We take pride in our commitment to being an equal opportunity employer, creating a workplace where diversity is celebrated, and talent thrives. It’s our belief that every individual brings unique perspectives that contribute to our success. Since 2023, we are Top Employers certified in many countries that we are operating in. Join us and be a part of an inclusive, dynamic, and innovative environment.

Make a significant impact as we 'move' the world forward together.