Job Description
Key Responsibilities
1. Financial Reporting & Consolidation
- Lead the month-end and year-end closure process for the parent company and subsidiaries.
- Prepare and review consolidated financial statements in line with Ind AS and applicable accounting standards.
- Oversee inter-company reconciliations, eliminations, and consolidation adjustments.
- Drive efficiency and automation in reporting, MIS, and consolidation processes.
2. Statutory Audit & Compliance
Manage statutory audits end-to-end across entities and coordinate with external auditors.Ensure compliance with the Companies Act, Ind AS, Income Tax, GST, and other statutory requirements.Prepare audit schedules, resolve audit observations, and ensure timely completion of audits.Oversee internal audit observations and implementation of control measures.3. Procure-to-Pay (P2P) & Expense Management
Oversee the P2P cycle, including vendor onboarding, invoice processing, and payment approvals.Ensure compliance with procurement policies and proper authorization controls.Monitor budgets, expense trends, and implement cost control measures.Drive automation and efficiency in vendor payments and accounting workflows.4. COD (Cash-on-Delivery) Management
Establish and monitor controls over COD collections, deposits, and reconciliations.Coordinate with operations and banks to ensure daily reconciliation and settlement accuracy.Implement dashboards and exception monitoring to detect variances and prevent cash leakages.5. Banking & Cash Management
Serve as the primary liaison with banking partners for all operational and financing activities.Manage relationships with multiple banks to ensure optimal service levels and cost efficiency.Monitor and manage daily cash balances, cash positioning, and inter-company fund transfers.Oversee disbursement processes, escrow mechanisms, and COD remittances to ensure compliance and liquidity.Negotiate and maintain bank facilities including working capital limits, BGs, LCs, and term loans.Ensure timely submission of bank reports, compliance certificates, and covenant monitoring.Identify opportunities to optimize interest costs, streamline account structures, and enhance treasury efficiency.Develop and implement strong controls for bank reconciliations, fund utilization, and approval hierarchies.Coordinate with subsidiaries for cash flow forecasting and fund allocation.6. Cash Flow Planning & Treasury
Prepare and monitor rolling cash flow forecasts across entities.Manage working capital efficiently, optimizing payables, receivables, and inventory cycles.Support CFO in fund planning, loan drawdowns, and investment decisions.Ensure timely collections, adherence to credit terms, and effective utilization of available cash.7. Internal Controls & Process Improvements
Strengthen Internal Financial Controls (IFC) and ensure periodic testing and certification.Identify gaps in financial processes and implement corrective actions.Drive process automation and digital finance initiatives (ERP, workflow, dashboards).Ensure policy compliance across subsidiaries and functional teams.8. Team Leadership & Stakeholder Management
Lead, coach, and develop the finance and accounts team across parent and subsidiary entities.Promote a culture of accountability, accuracy, and continuous improvement.Collaborate with business, operations, and technology teams for financial discipline and alignment with business goals.Present periodic financial insights to management and board leadership.