Job Description : Finance Specialist
Job Type : Take ownership of the monthly closing of accounts, ensuring all financial transactions are accurately recorded and reconciled in a timely manner.
- Prepare detailed Management Information System (MIS) reports for senior management, providing insightful analyses of financial performance to aid in strategic decision-making.
- Assist in the preparation for and coordination of quarterly audits under SEBI and IND-AS regulations, ensuring compliance and smooth audit processes.
- Prepare comprehensive accounts, including the Balance Sheet, following both Old GAAP and IND-AS standards, as well as specific banking formats.
- Develop and present the Profit & Loss (P&L) statement on a monthly basis, highlighting key financial trends and performance indicators.
- Maintain regular follow-up with Regional Finance Managers to ensure timely submission and accuracy of their monthly reports.
- Conduct in-depth variance and expense analysis, identifying discrepancies and providing explanations for deviations from expected figures.
- Perform thorough evaluation of Income & Expenses, ensuring accuracy and proper classification of all financial transactions.
- Conduct comparisons of actual financial results with budget numbers, providing detailed variance analysis to highlight areas for improvement or concern.
- Act as a key liaison with both External and Internal Auditors, providing necessary documentation, explanations, and support to facilitate smooth audit processes.
- Meticulously maintain all records pertaining to audits, ensuring easy retrieval and compliance with audit requirements.
- Engage in effective stakeholder management, building strong relationships with internal and external parties involved in financial reporting and compliance.
- Ensure timely and accurate sharing of reports with holding and joint venture (JV) groups, maintaining transparency and effective communication.
Required Skills
Chartered Accountant (CA) qualification is mandatory.Strong understanding and practical experience in monthly closing of accounts and financial reporting.Proven ability to prepare Management Information System (MIS) reports.Experience with quarterly audit processes, including familiarity with SEBI and IND-AS regulations.Proficiency in preparing financial statements (Balance Sheet, P&L) under various accounting standards (Old GAAP, IND-AS, banking format).Demonstrated skills in variance and expense analysis.Experience in liaising with both external and internal auditors.Excellent stakeholder management abilities.Strong attention to detail and accuracy in financial record-keeping.Good communication skills, both written and verbal, for reporting and collaboration.ref : iimjobs.com)