Financial Analyst

Position: Financial Reporting Analyst

Work Location: Mysore, Karnataka (India)

Experience: Minimum 4 years experience in Management Reporting and Consolidation.

Education: CA (Inter), MBA / M.Com.,

Summary of Key Skills and Areas of Focus:

This role requires strong coordination between teams in India and the US, as well as attention to detail in financial reporting, auditing, and compliance activities.

• Financial Reporting and Analysis: working level understanding of Ind AS and experience with preparing financial statements.
• Past experience of US accounting is preferred
• CA firm experience with Statutory audit experience is preferred
• Good command over English
• Good verbal and written communication

Key Responsibilities:

• Reporting of Ind AS Financial Statements:

• Preparation and reporting of both standalone and consolidated Ind AS financial statements for the Indian corporate entity, including those related to the US subsidiary.

• Coordination and Reporting with the US Subsidiary:

• Collaborating with the Director of Finance and the finance team of the US subsidiary to publish monthly financial reports and analysis.
• Consolidating the trial balance of the US subsidiary with the corporate books of accounts in India.

• Audit Coordination:

• Liaising with statutory auditors to ensure the closure of the audit for the US subsidiary and corporate office.

• Asset and Liability Management:

• Reviewing and reporting on the aging of inventory, receivables, and other current assets, ensuring that adequate provisions are made in the financial statements.
• Ensuring periodic physical verification of inventory and fixed assets through local consulting firms.

• Loan and Finance Monitoring:

• Tracking the repayment of term loans, finance costs, and bank charges for both the US subsidiary and the corporate office in the US.

• Statutory Filings:

• Coordinating with local consultants to ensure that periodical statutory filings are completed for the corporate entity in the US.

• Payroll and Executive Spending Review:

• Reviewing the payroll for US corporate executives and reporting on it monthly.
• Monitoring and reviewing the monthly spending of US corporate executives, including credit card expenses related to travel, sales promotions, and other business activities.