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Financial Reporting Manager
4 weeks ago
Position / Job Title- Asst Manager – Financial Reporting and Financial Statement PreparationReporting To (Title) - Head Accounting / Head Project Accounting Superior’s Superior (Title) Financial Controller Location Mumbai Business Renewable Energy Business Job Purpose The Financial Reporting and Financial Statement preparation Manager at a renewable energy business is a crucial role in ensuring the accuracy and transparency of financial information. This position is responsible for managing the consolidation of financial data from various entities within the organization, preparing financial statements, and ensuring compliance with regulatory requirements. This position offers a unique opportunity to contribute to the growth and success of our renewable energy business. Principal AccountabilitiesFinancial Reporting Prepare and analyze financial statements, including income statements, balance sheets, and cash flow statements. Ensure financial reports are accurate, timely, and compliant with relevant accounting standards (e.g., IFRS or GAAP). Present financial reports to senior management, stakeholders, and regulatory authorities. Financial Statements consolidation Manage the consolidation of financial data from various business units, subsidiaries, and joint ventures. Implement and maintain consolidation systems and processes to ensure data accuracy and consistency. Reconcile intercompany transactions and eliminate any discrepancies. Analyze financial data to identify trends, variances, and key performance indicators. Provide insights to management for strategic decision-making. Audit Coordination Lead, support and manage external audits conducted by independent auditors. Ensure propoer documentation during the audit process. Address audit findings, prepare plan to mitigate risks identified and implement corrective actions to strengthen financial controls and reporting. Financial Analysis Conduct in-depth financial analysis to identify trends, variances, and areas for improvement. Provide insights and recommendations to senior management for strategic decision-making. Regulatory Compliance Ensure compliance with all applicable financial regulations and reporting requirements in the renewable energy industry. Coordinate with external auditors to facilitate the annual audit process. Stay up-to-date with industry-specific regulations and adapt reporting processes accordingly. Process Improvement Continuously assess and improve financial reporting and consolidation processes to enhance efficiency and accuracy. Implement best practices and automation tools to streamline reporting procedures. Work with the team on automation of financial systems Forecasting and Budgeting Assist in the development of financial forecasts, annual budgets, and long-term financial plans. Collaborate with department heads to gather input and provide guidance on budget adherence.
