Financial Reporting Manager
2 weeks ago
Smiths Detection , part of Smiths Group , is a global leader in threat detection and screening technologies for aviation, ports & borders, defense, and urban security. Our expertise is spread across 5 R&D centers, 21 Global Offices and 7 Manufacturing Sites with 2700 Brilliant Minds globally contributing for over 40 years at the frontline which enables us to deliver the solutions needed to protect our society from any threat and illegal passage of explosives, prohibited weapons, contraband, toxic chemicals, and narcotics. Every minute of every day, our technology and talented team members help to make the world a safer place -
Job DescriptionReporting to Detection India Finance Controller (FC), MFS works closely with FC and cross functional teams to ensure high performing finance team and effective controlled and compliant environment. The MFS is accountable for financial accounting, financial reporting, and statutory compliance by interpreting the policies, processes and procedures not only related to India market but global functions like BIS, HRS and other global centre of excellences in India. Role leads a direct team and develops them to be ready for future challenges.
Duties & ResponsibilitiesResponsibilities -
Financial accounting as per applicable reporting standards (International Financial Reporting Standards (IFRS), Indian Generally Accepted Accounting Principles (GAAP)) Month end financial reporting Ensuring timely reportingCompleteness and documentationReviewing of key items schedules like Accounts Payable (AP), Bank Reconciliation Statements (BRS), accruals, prepaidOnyx submission Statutory compliances Goods and Services Tax (GST) both outward and inwardsReview of GST inward reconciliation and filingWithholding Tax (WHT) compliances Audit management Statutory auditTax auditTransfer Pricing auditInternal Audit Tax Management Corporate Tax Return filing (all detection entities)Corporate tax assessments (both SDS & SDAP India Branch)GST tax assessmentsWHT return filing and assessments (both SDS & SDAP India Branch) Vendor Payments (both external and employee claims) Cash payment forecasting on monthly basis Vetting of Runrate Cost sheets (Bid Approval Form) Funds management Fixed Assets Review on quarterly basis Interco recharges Ensure compliance with company’s internal controls and approval processes Leading and driving SAP enhancements – Preparing justification, benefits, getting it approved from division and then working with consultants. Support the organization in ad hoc projects System improvement (SAP) The IndividualSkills & Experience -
Chartered Accountant with 10+ experience or equivalent Experience of working with Big 4 auditing firms will be added advantage Experience of leading and developing team Experience working with SAP Proficient in use of Excel spreadsheets, Outlook and Word. Methodical work practices. Meticulous attention to detail with superb organizational skills The ability to make effective, timely decisions in a complex global market, by sourcing and analysing critical information. The understanding and recognition of the organisations commercial environment and positioning themselves, their role and their actions in order to support the organisations commercial success. The ability to engage, challenge and work effectively with others. The ability to build an effective network of relationships both internally and externally, understanding their customers’ needs. Willing and able to identify and support change and continuous improvement in own and wider business environment. Demonstrates the required functional and/ or technical knowledge and skills to achieve the highest level of accomplishment. Ability to work under pressure and meet tight deadlines. Ability to work independently and as part of a team-
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