Sr. Team Member - Group Consolidations

Prepare and present financials within the Corporate Accounts function as per requirements specified by relevant stakeholders and Senior Management internally for enabling better decision-making and also for statutory compliances.

I.Ensure standardisation of closing calendar and design templates and drive evaluation of EM-EU financials for BSR review to ensure accurate trial balance.

II.Facilitate Controller forum to review and improve the hygiene of the financial statements of EMEU Subsidiaries.

III.Preparation of Audit committee deliverables.

IV.Liaise and resolve audit queries to achieve full compliance and nil re-raised queries and ensure proof reading annual report prepared annually to achieve error free reporting.

V.Assist in the preparation of Annual report, engage in proofreading to achieve error-free reporting.

VI.Contribute in new system implementation and drive automation of various reports and activities to bring in system & MIS improvements.

VII.Mentor accountants to resolve accounting queries and also guide to achieve standard practices and processes.

VIII.Review EM-EU Subsidiaries Financials and Analysis on Monthly basis in order to ensure correctness of financials.

IX.Support consolidation procedures to ensure statutory compliance, financial reporting & publishing.

X.Co-ordination / Finalisation of audit and accounting of all subsidiaries (EM-EU Entities) for group financial statements consolidation.

Prepare the closing schedule well in advance for circulation.

Plan activities and account provisions based on closing schedule through regular and early follow up of activities.

Liaise with statutory auditors, engage in discussions and respond to close out their queries as and when received.

Help them with the relevant contact points to facilitate them the data from other stakeholders.

Review of subsidiary financials on monthly and quarterly basis at GL level for variance comments to include in P/L and balance sheet deck shared with GCFO/GCEO and audit committee.

Ensuring Intercompany transactions accounting and reconciliation.

• Dealing with multiple stakeholders across geographies with different time zone. Proper planning helps to overcome with this challenge


• Closing calendar and rigorous monitoring helps to overcome the same.


• stringent timeline for completion the group consolidation leading to late sitting/ work life balance - proper planning may avoid little bit of this challenge.

Internal

IR Team for Quarterly submission of inputs for IR deck, press release and CEO/CFO speech

Secretarial (regular interaction) - interaction to share results and similar data for upload, discuss changes in Annual Report, Accounting of Shareholder related values

External

Statutory Auditors (regular interaction) - close out queries, seek suggestions on fundamental queries or changes in standards

a.No. of Subsidiaries/Associates - More than 50 held directly and indirectly

b.Turnover and Profit as of March 2024 - Above 25,000 crores and 4000 crores

Routine provisions and accounting entries

Finalisation of subsidiaries financials statement up-to certain materiality level

Significant change in method for calculation of provisions

Any change or improvement in formats/financials

CA

3- 8 years of accounting experience and strong background of controllership role.

knowledge of Accounting and Consolidation (IND AS) knowledge, Communication skills, SAP & BPC tool knowledge and hands-on experience is an added advantage