Job
Description
GMR Group is a global Infrastructure Conglomerate with interests in Airports, Energy, Transportation and Urban Infrastructure. With over 12000 employees the Group turnover exceeds 10000 Crores and has an asset base of 67000 crores. GMR Group has developed & operates the Delhi & Hyderabad International Airports in India. In partnership with Megawide Construction Corporation, GMR is developing the Mactan Cebu International Airport in the Philippines. It has recently bagged the rights to develop and operate Goa's new airport at Mopa. The Group has 15 power generation projects of which 10 are operational and 5 are under develeopment. It has 9 operatiing road assets and a double rail track line under develeopment between Mughasarai and Kanpur on the Eastern Dedicated Freight Corridor. The Group is also developing India's largest smart Airport City near Hyderabad airport and two Special Investment Regions at Krishnagiri and Kakinada. The Group has an elite security service business , with presence in 80 locations across 15 states. The Group's Corporate Social Responsibility arm, GMR Varalakshmi Foundation, carries out community based development initiatives at 27 different locations across India and abroad. JOB PURPOSE This position will lead successful delivery of review of Balance sheet GLs reconciliations & analysis for all GMR Core business covering for the designated sector (Airport and Non-Airport), excludes JVs, foreign entities & any non- SAP Entities. This role shall also regularly review the Risk rating (High, Medium and Low) of Ledger accounts liasing with Business Finance & MAG. ORGANISATION CHART KEY ACCOUNTABILITIES Accountabilities Key Performance Indicators Risk profiling of the Balance Sheet Accounts – Liaise with the MAG, Business Finance and Tax teams to categorize the Balance Sheet accounts into High, Medium and low risk items • Timelines Establish and sustain the Balance Sheet review framework & Governance - • Preparer, Reviewer and Approver framework • Define the list of documents, notes, etc to justify the carrying balances on BS • Define the frequency of the reconciliation to be performed for each category of BS account • Governance to report out the items into Close, Reconciled and Open items and track them to closure • Report out Group level view on the potential adjustments to be made to the carrying values of the Accounts to the GCFO/SCFOs/MAG on a quarterly basis • Timelines Drive Efficiencies and automation of Process • Standardize and simplify the process to drive efficiencies. • Lead the implementation of reconciliation tool to automate the process • Verification of transaction related items. Enhance the Month End close governance and Audits • Identify the potential gaps in process and strengthen the Accounting process • Strengthen the review to enhance the effectiveness of the audits and external reviews People Management • Provide regular, constructive feedback to maximize positive impact of individual team member’s talent • Hiring and Resource planning along with optimizing the resource utilization by identifying areas of efficiency • Managing overall team attrition rates • Ability to teach and coach team members. • Continuous monitoring & management of team members • Ensure there is sufficient bandwidth of talent caliber/ potential across the organization to provide sufficient bench strength for key roles, and sustain, build organizational capability over time • Attrition Rate KEY ACCOUNTABILITIES - Additional Details Auditors, Bankers, Vendors, Customers, EXTERNAL INTERACTIONS Auditors, Bankers, Vendors, Customers, INTERNAL INTERACTIONS Business CFOs, Controllers, BHRs, Commercial & Contracts, Treasury, SSC R2R Team Leads, Functional Leads. GMR Enterprise IT Discussions with IT for all new tools & technologies essential for Automation of the Process. FINANCIAL DIMENSIONS Risk Management to mitigate financial losses. Timely and effective closure of Audits and external review by Financial agencies OTHER DIMENSIONS Team Management EDUCATION QUALIFICATIONS Bachelor’s or Masters degree in Accounting and preferably a Chartered Accountant Min. 8+ years work experience in Accounting, Auditing, Financials Review Analysis etc. RELEVANT EXPERIENCE Technical Competency Sound Knowledge on – Accounting & Finance Processes ERP (SAP-FICO, & BPC) COMPETENCIES Stakeholder Focus Networking Execution & Results Teamwork & Interpersonal influence Problem Solving & Analytical Thinking Planning & Decision Making Capability Building Strategic Orientation Personal Effectiveness Entrepreneurship Social Awareness KEY ACCOUNTABILITIES Accountabilities Key Performance Indicators Risk profiling of the Balance Sheet Accounts – Liaise with the MAG, Business Finance and Tax teams to categorize the Balance Sheet accounts into High, Medium and low risk items • Timelines Establish and sustain the Balance Sheet review framework & Governance - • Preparer, Reviewer and Approver framework • Define the list of documents, notes, etc to justify the carrying balances on BS • Define the frequency of the reconciliation to be performed for each category of BS account • Governance to report out the items into Close, Reconciled and Open items and track them to closure • Report out Group level view on the potential adjustments to be made to the carrying values of the Accounts to the GCFO/SCFOs/MAG on a quarterly basis • Timelines Drive Efficiencies and automation of Process • Standardize and simplify the process to drive efficiencies. • Lead the implementation of reconciliation tool to automate the process • Verification of transaction related items. Enhance the Month End close governance and Audits • Identify the potential gaps in process and strengthen the Accounting process • Strengthen the review to enhance the effectiveness of the audits and external reviews People Management • Provide regular, constructive feedback to maximize positive impact of individual team member’s talent • Hiring and Resource planning along with optimizing the resource utilization by identifying areas of efficiency • Managing overall team attrition rates • Ability to teach and coach team members. • Continuous monitoring & management of team members • Ensure there is sufficient bandwidth of talent caliber/ potential across the organization to provide sufficient bench strength for key roles, and sustain, build organizational capability over time • Attrition Rate
