Manager - Consolidation

JOB PURPOSE

Perform consolidation of financial statements of GIL and review standalone financial statements of GIL and associated activities to provide a comprehensive & accurate overview of the group's financial health, enable effective decision-making, stakeholder communication, compliances and risk-management.

ORGANISATION CHART

This position will report to Dy Head CIG.

KEY ACCOUNTABILITIES

Key Accountabilities:

• Communicate Accounts Closing Calendar to subsidiary teams as guideline for quarterly closing of accounts. Monitor the closing schedule for adherence
• Ramp up the closing calendar process to enable timely closing of monthly accounts
• Perform consolidation of financial statements of GIL
• Review financials received from subsidiaries / joint venture companies for completeness. Discuss with the subsidiary team members and provide required clarification / guidance where required
• Review Related Party Transactions (RPT) data received from subsidiaries and update the RPT transactions in Consol Model
• Provide clarification to auditors for completion of audit
• Review of Standalone financials, Audit Committee and Board presentation of GIL on quarterly basis
• Business valuation for fair valuation and impairment testing of investment in subsidiaries, joint venture and associates.
• Coordinating with statutory auditor for timely completion of audit and resolving the audit queries.
• Other activities like Tax Audit and Annual Report, providing the supporting to the strategic finance team on various fund raising and various restructuring activities etc.

KEY ACCOUNTABILITIES - Additional Details

EXTERNAL INTERACTIONS

External -

Auditors- For Audit of GAL Consolidation

Service Provider- For overseas entities for finalization of financials

PE Investor- For providing requested information

INTERNAL INTERACTIONS

Internal -

Subsidiary (DIAL, GHIAL)/JVs (DIAL & GHIAL JVs)- To prepare consolidated financialsinputs from subsidiaries and JVs are taken

FINANCIAL DIMENSIONS

OTHER DIMENSIONS

• Role requires regular interaction with all airport sector subsidiaries, JVs and parent company like DIAL, GHIAL and their subsidiaries/JVs
• Role is supported by 2 subordinates.

EDUCATION QUALIFICATIONS

Chartered Accountant

RELEVANT EXPERIENCE

• 6-7 years of total experience with minimum 2-3 years in consolidation of financials
• Strong understanding of IndAS and working knowledge of SAP is required
• Having knowledge of merger /acquisition/IPO/QIP related matters

COMPETENCIES

• Personal Effectiveness
• Social Awareness
• Entrepreneurship
• Problem Solving & Analytical Thinking
• Planning & Decision Making
• Capability Building
• Strategic Orientation
• Stakeholder Focus
• Networking
• Execution & Results
• Teamwork & Interpersonal influence

Good to have:- consolidation, Analysis

Must to have:-CA, Financial preparation