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.