Overview of the role
As a member of FSSC R2R team – to support the SM / AGM on delivering.
- Robust, timely and accurate periodic book closing
- Lead internal / external audits and preparation of standalone and consolidated financial statements complying with IFRS, local laws and group timelines
- Conduct and lead meetings with various stakeholders
- Lead, coordinate and support new initiatives
- Review of GL schedules for Certification & Substantiation
- Support an Effective / efficient R2R framework covering Close, Certify & Compliance activities.
- Ensure financial records are correct and support external audit.
- Timely preparation and submission of Standard reporting / Management reports
- Regular Trial Balance review and Balance Sheet substantiation.
- Explore and support efficiency improvement initiatives by Identifying opportunities of Standardization & Automation of R2R processes
What you will do
External Audit
- Preparation of Financial Statements of multiple divisions within group timelines (standalone and consolidated)
- To coordinate external Audit of the Divisional entities by providing relevant explanations and schedules to Auditors and ensure smooth completion.
- Coordinate with other teams in FSSC and ensure that auditor’s requirements are being provided in a timely and accurate manner
Monthly / Yearly Book Closing
To monitor and control closing of books monthly / yearly with other FSSC teams and ensure recognition of robust financials within the group timelines:
- Ensure books closing as per group policies and procedures
- Ensure the quality of financial books is maintained to ensure accurate books keeping, reduce accounting errors / classifications and internal / external audit observations
- Review provisions, accruals of expenses and amortization and validate the same
- Identify and facilitate accounting entries that require reclassification. Post reclassification entries, cost allocations and any other entries required as per standard checklist.
- Follow checklists and ensure compliance.
- Submit relevant accounting information/data monthly, to facilitate AFG consolidation using the Business Planning and Consolidation (BPC) tool.
- Work for continuous improvement in monthly closing activities to ensure quality financials for business units.
Balance Sheet substantiation / Trial Balance Reviews
- Carry out detailed review of key accounts in Trial Balance and ensure substantiation of balances appearing against it.
Robust Record to Report process
- Ensure robust R2R process through standardizing the accounting process, regular key account reconciliations,improved Fixed Asset management, improve month-end process & related reporting.
Monthly Standard Management Reports
- To prepare quality monthly management reports as per agreed templates / formats with comments for review with the Finance Manager / AGM Finance.
- Support Business Finance Team in preparation of monthly management & Board packs by submitting standard reports on a timely basis.
General Ledger Schedules / reconciliations:
- Review GL schedules (reconciliations) monthly and actively participate in the automation initiatives
- Engage with relevant stakeholders to gather information to ensure meaningful reconciliation of GL accounts.
- Provide actionable insights through schedules to pre-empt issues and take timely action to drive resolution of issues.
- Review trends, identify patterns & opportunities to strengthen controls.
- Standardize schedules and follow a quality review process.
- Engage with business unit finance teams to discuss findings from GL schedules.
- Follow IFRS/IAS and AFG policies in the accounting process.
Skills
Required skills to be successful
- IFRS / IAS extensive application knowledge
- Analytical as well as Process oriented
- Excellent communication skills
- Exposure to ERP. (Preferably SAP) and SAP BW/ BPC
What equips you for the role
- Professional accounting qualification - CPA/CA/ACCA (or similar qualification).
- 5-7 years of well-rounded experience in the field of Financial Reporting and have worked in a Big 10 / large organization.