Financial Accountant

3 weeks ago


Mumbai, Maharashtra, India desertcart Full time

Financial Accountant Role

The Financial Accountant will specialise in Balance Sheet Management and Cost Reporting Analysis , ensuring accuracy, compliance, and timeliness in all financial records and reports. This role demands a deep understanding of IFRS and consolidation accounting principles.

Main Responsibilities

1. Balance Sheet Oversight

Review and reconcile balance sheet accounts monthly, guaranteeing alignment with IFRS standards.

Maintain the integrity of general ledger accounts, ensuring accurate and timely financial postings.

Analyse periodic balance sheet reviews to identify risks, variances, or anomalies and provide actionable insights to management.

2. Cost Reporting and Insights

Generate and analyse monthly cost reports, offering clear recommendations to drive cost efficiency and profitability.

Develop and implement cost allocation models for transparent distribution of costs across departments.

Conduct variance analysis to explain deviations from budgeted or forecasted costs.

3. Compliance and Reporting

Ensure financial reporting adheres to IFRS, statutory requirements, and company policies.

Prepare and manage consolidated financial statements for multiple entities.

Collaborate with external auditors during audits, providing necessary documentation and addressing inquiries effectively.

4. Consolidation Accounting Leadership

Lead the consolidation process for group-level reporting, ensuring accurate intercompany eliminations and compliance with IFRS.

Manage transfer pricing documentation and policies for intercompany transactions, aligning with tax regulations.

5. Month-End and Year-End Close Management

Oversee month-end close processes, ensuring timely and accurate delivery of financial reports.

Direct year-end processes, including preparation of statutory financial statements and group consolidation.

6. Process Improvement and Innovation

Identify opportunities to streamline accounting processes and enhance the accuracy and efficiency of reporting systems.

Drive the implementation of automation and systems improvements where feasible.

7. Team Collaboration and Mentorship

Collaborate closely with FP&A, Commercial Finance, and other stakeholders to ensure seamless financial operations.

Mentor junior accounting team members on accounting policies, cost reporting, and IFRS compliance.

Requirements

Minimum 5 years of post-qualification experience in financial accounting and cost reporting.

Proven expertise in IFRS compliance and consolidation accounting.

Advanced proficiency in financial systems (e.g., SAP, Microsoft Dynamics) and Microsoft Excel.

Essential Skills and Attributes

Detailed-oriented with a commitment to accuracy and excellence in financial reporting.

Strong analytical and problem-solving skills, focusing on actionable outcomes.

Excellent communication and interpersonal skills for cross-functional collaboration.

Able to manage multiple priorities in a fast-paced environment.

A proactive and innovative mindset, driving process improvements.

Main Deliverables

Monthly balance sheet reconciliations and cost reports delivered on time.

Compliance with all IFRS and statutory reporting requirements.

Timely and accurate completion of group consolidation processes.

Implementation of streamlined accounting processes and systems improvements.

This role offers an exceptional opportunity for a technically proficient accountant to contribute to the organisation's financial health and operational efficiency. The successful candidate will play a pivotal role in upholding the company's financial integrity and supporting strategic business decisions.



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