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Manager- Consolidation

Date:  20-Sep-2022
Country:  India
Function:  Finance
Sub-Function:  Corporate Finance

Job Summary:

 

We are looking for a seasoned finance professional (Chartered Accountant) with around 15 years of experience who has excellent understanding of IFRS, accounting concepts, financial controls and processes required for managing corporate consolidation function of the group and support in establishing requisite reporting and compliance framework for technology enabled consolidation and reporting process. The role requires significant collaboration with cross functional teams, country teams, BU teams based out of multiple locations.

 

Job Description:

 

  1. Group Consolidation
  • Preparation & review of Group Consolidation Reporting (Monthly/Quarterly & Annual) in accordance with IFRS along with Balance Sheet, P&L, Cash Flow, Segmental Reporting & Notes to Accounts for publishing
  • Should be able to handle consolidation of over 150 legal entities under different geographies, multi currencies, revaluation & translation etc.
  • Preparation & Comparative Analysis of key PNL and BS schedules for review by Group CFO and CEO
  • Manage and coordinate Month End, Quarterly and Year End timetable
  • End to end responsibility for financial reporting of listed entity.
  • Handling Group & Centralised Audit with Group Statutory Auditors
  • Review the preparation of all group eliminations and group adjustment entries

 

  1. Country Interface
  • Coordination with Country Finance Teams & Corporate Office ensuring timely and accurate reporting
  • Review of Monthly and Quarterly legal entity wise Financials and drive standardization & Compliance with Group Accounting Policy
  • Coordination with Country FC/Regional Finance Controllers & Corporate Office for issues relating to accounting, reporting & disclosures

 

 

 

 

 

 

 

 

  1. Systems, Control & Standardization       
  • Coordination with Internal (Central IT) SAP & BPC team for any issues relating to MIS and Consolidation
  • Automation of Group reporting through BPC
  • Implementing new systems and reports to facilitate faster group reporting and standardization

 

 

 

  1. Miscellaneous Activities
  • Accounting for acquisitions, disposals, mergers
  • Impairment analysis at group
  • New IFRS implementation, IFRS training for group

 

 

Profile Description:

 

  1. Experience & Technical Skills
  • Qualified CA with around 15 years of experience in Group Consolidation and Reporting is MUST
  • Sound understanding of IFRS.
  • Industry Background
    • Should be working with large MNCs handling Group Consolidation of multiple legal entities under multi-currency, multi geographies; or
    • Working with Big 4 firms, practically handling Group Consolidation of large conglomerate
  • Proven analytical skills & ability to interpret or generate all types of financial data, financial reports and statements.
  • Experience of system implementation of consolidation module. Knowledge of SAP & SAP Consolidation software (BPC) is desirable. Experience in alternate consolidation software like Hyperion etc is also acceptable.
  • Expert knowledge of MS-Office (Excel, PowerPoint)

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