Sr. Team Member - Group Consolidations

Division

Department

Sub Department 1

Job Purpose

Prepare and present financials within the Corporate Accounts function as per requirements specified by relevant stakeholders and Senior Management internally for enabling better decision-making and also for statutory compliances.

Key Accountabilities (1 / 6)

I.Ensure standardisation of closing calendar and design templates and drive evaluation of EM-EU financials for BSR review to ensure accurate trial balance.

II.Facilitate Controller forum to review and improve the hygiene of the financial statements of EMEU Subsidiaries.

III.Preparation of Audit committee deliverables.

IV.Liaise and resolve audit queries to achieve full compliance and nil re-raised queries and ensure proof reading annual report prepared annually to achieve error free reporting.

V.Assist in the preparation of Annual report, engage in proofreading to achieve error-free reporting.

Key Accountabilities (2 / 6)

VI.Contribute in new system implementation and drive automation of various reports and activities to bring in system & MIS improvements.

VII.Mentor accountants to resolve accounting queries and also guide to achieve standard practices and processes.

VIII.Review EM-EU Subsidiaries Financials and Analysis on Monthly basis in order to ensure correctness of financials.

IX.Support consolidation procedures to ensure statutory compliance, financial reporting & publishing.

X.Co-ordination / Finalisation of audit and accounting of all subsidiaries (EM-EU Entities) for group financial statements consolidation.

Key Accountabilities (3 / 6)

• Prepare the closing schedule well in advance for circulation.
• Plan activities and account provisions based on closing schedule through regular and early follow up of activities.
• Monitor adherence to timelines by designing formats wherever possible to save on time.
• Actively monitor existing financial statement closing process in system for completion (Blackline).
• Conduct and facilitate controller forum on periodic basis.
• Improve the rigour of Balance sheet review (BSR) and target automation to improve the same.
• Monitor the execution of action points agreed upon in the forum.
• Ensure cross-functional support to close out on action points.
• Preparation of Balance sheet analytical and Balancer sheet Executive Summary at quarter end and coordination with all team members to ensure variance comments of all entities are completed.
• Keep track of all Balance sheet review comments and ensure same get closed on time.
• Finalisation of significant transactions report for approval and review in audit committee.

Key Accountabilities (4 / 6)

Key Accountabilities (5 / 6)

Key Accountabilities (6 / 6)

Major Challenges

Key Interactions (1 / 2)

Internal

Key Interactions (2 / 2)

External

Dimensions (1 / 2)

Dimensions (2 / 2)

Key Decisions (1 / 2)

Routine provisions and accounting entries

Finalisation of subsidiaries financials statement up-to certain materiality level

Finalisation of audit report for subsidiaries and group consolidation

Various discussion with auditors / consultants up-to certain materiality level

Key Decisions (2 / 2)

Significant change in method for calculation of provisions

Any change or improvement in formats / financials

Financial statement related point above certain materiality level

On various policy choices related to accounting

On presentation of financial statements and notes to accounts

Education Qualification

CA

Relevant Work Experience

3- 8 years of accounting experience and strong background of controllership role.

knowledge of Accounting and Consolidation (IND AS) knowledge, Communication skills, SAP & BPC tool knowledge and hands-on experience is an added advantage

Skills Required

Consolidation, Power Bi, Accounting, Ind As, Sap Bpc