TM FR & Consolidation

1) Job Purpose:

• Assist in the preparation of consolidated financial statements for UltraTech and its subsidiaries in strict adherence to all statutory and regulatory requirements including Ind AS the Companies Act and SEBI regulations.
• Support the monthly closing of UTCL and its subsidiaries accounts in FCCS and submit financials to the Chairmans Office in CMIS format.
• Oversee development and administration activities for file updation in FCCS covering both subsidiaries and consolidated financial statements.

3) Job Context & Major Challenges:

Job Context:

UltraTech Cement has been growing exponentially in terms of capacity additions and market share in the last few years and achieved the milestone of enhancing its cement manufacturing capacity to 196.8 mtpa as on 31.03.2026 becoming the third-largest cement player globally (excluding China). The role is instrumental in

1)Monthly quarterly and year-end account closing process

2) Preparing & implementing required systems & control for future

3) Compliances with frequent changes in Accounting Standards SEBI Guidelines Companies Act Listing Requirements and various other new statutory requirements viz. Implementation of International Accounting Standards for the Company with required system changes.

4) To assist in digitization of the reports and prepare any other Management insights as and when required.

Challenges:

• The role demands a comprehensive understanding of all the processes and practices followed for UTCL in order to ensure uniformity of the policies followed across the subsidiaries.
• Increased disclosure requirements necessitate meticulous reporting and documentation.

Continuously upskilling on new technology and automation tools and adapting the working style to use them to full advantage.

3) Key Result Areas:

Key Result Areas

Supporting Actions

Accountability 1:

To support in quarterly and annual preparation of Consolidated financial statements of the Company and for the audit of the same.

• To assist in analysis of financial statements of subsidiaries and ensure that is in compliance with Indian accounting standards companys accounting policies.
• Obtaining information and preparation of intercompany eliminations and fair value adjustments for consolidating financial statements.
• To update the consolidated financial statements including schedules notes to accounts ensuring it is disclosed as per Ind AS requirement.
• Work Closely and assist the Lead in collaborating with the statutory auditors to ensure timely completion of the quarterly limited review and annual finalization of the consolidated financial statements of the Company.

Accountability 2:

To support the monthly closing of UltraTech and its subsidiaries accounts in FCCS and ensure timely and accurate submission of the financials to the Chairmans Office in the CMIS format.

• Assist in the monthly closing of UTCL and its subsidiaries accounts in FCCS within the prescribed timelines.
• Compile and validate subsidiary financial data and submit the consolidated financials to the Chairmans Office in the CMIS format.
• Reconcile inter-company balances and transactions and follow up with subsidiary teams to resolve differences ahead of consolidation.

Accountability 3:

To look after the development and administration activities for file updation in FCCS for subsidiaries and consolidated financial statements and to maintain robust supporting documentation for the consolidation process.

• Maintain and update FCCS files metadata data forms and intercompany mappings for subsidiaries and consolidation.
• Support testing and implementation of system changes and upgrades in FCCS in coordination with the IT team and external software consultants.
• Build and maintain supporting schedules working papers and process documentation to ensure a complete audit trail for consolidation.

Accountability 4:

To assist in digitization of the reports and prepare any other Management insights as and when required.

• Prepare and support the team in digitization of reports through various tools available viz. Power BI Co-work
• Prepare Management reports as and when required.