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Senior Associate - Finance controller

Senior Associate - Finance controller

Ola

1 - 4 years

6 - 7 Lacs

Bengaluru

Posted:2 months ago| Platform:

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Skills Required

Preparing Financial Statements Ind As Finance Controllership

Work Mode

Work from Office

Job Type

Full Time

Job Description

1. Accounting for Intangible Assets and Intangibles Under Development (ITUD): Ensure accurate capitalization of intangible assets in accordance with Ind AS 38. Maintain proper records and reconciliation of intangible assets and ITUD. Classify expenses accurately between Research, Development, Patents, and other intangible categories. Monitor and review expenditure during development phase for eligibility under capitalization norms. Ensure internal controls are in place for timely capture and classification of intangible-related spend. 2. Cross-Functional Coordination: Collaborate with Design, Engineering and other cross functional teams to gather project-specific data. Obtain monthly/quarterly updates on project status, completion stage, and expected timelines. Collect time sheets, vendor invoices, purchase orders, and resource allocation details for project costing. Educate and align non-finance departments on accounting requirements for intangible asset recognition. 3. Preparation of Financial Statements (Ind AS) and other support activities: Assist in preparation and disclosure of intangible asset notes in financial statements in line with Ind AS. Support statutory audits by preparing supporting schedules, reconciliations, aging schedules and movement summaries. Coordinate with statutory auditors and internal auditors to for timely closure of audits. Preparation of standalone financial statements of foreign subsidiaries. Follow-up for timely capitalization of ITUD and capital work in progress.

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Senior Associate - Finance controller