Assistant General Manager

2 weeks ago


Mumbai India Blue Star Limited Full time

Job Description

Assistant General Manager- Corporate Financial Reporting & Audit

Blue Star Limited Mumbai, Maharashtra, India (On-site)

About the Company

Blue Star Limited is India's leading air conditioning and commercial refrigeration company with over eight decades of experience. We provide expert cooling solutions for a diverse range of clients, including corporate, commercial, and residential customers. In addition to air conditioning, we offer products like water purifiers, air purifiers, and air coolers, as well as comprehensive turnkey solutions, including electrical, plumbing, and fire-fighting services.

About the Role

Assistant General Manager- Corporate Financial Reporting & Audit Is Responsible for Consolidation of Group Accounts, including Segment, Related Party and Cash Flow, finalization of Financials and Financial Reporting, ICFOR, Statutory Audit, Cost Audit Finalization, Welfare Trust Accounts Management (4 Trusts) and End to End employee benefits accounts management (PF Trust,, Gratuity Trust and Superannuation) Accounting and Investments.

Responsibilities

Accounting

- To lead a team for Corporate Financial Reporting, Finalisation of Accounts, Statutory audit across Group Companies, Cost audit and Trust Account maintenance, end-to-end payroll and employee benefits accounts management. ___ Companies in India and _____ Companies outside of India.
- Driving the monthly finance closure, consolidation and reporting accurately the operating & financial performance across the business groups of the company.
- Ensuring smooth and timely reporting of quarterly and annual audited financial reports of the Group as per Regulation 33 of SEBI(LODR) and the Companies Act.
- Closely monitoring the Internal Financial Controls in the accounting process and guiding the peer functions in maintaining proper accounts hygiene

Statutory Compliance/Audits

- Ensuring all payroll accounting, including tax compliance, are properly done in the system. Coordination with HR & payroll support team to ensure timely payment of salary and other employee reimbursements, adherence with statutory requirements of Bonus, ESIC, EDLI, EPF and EPS.
- Managing the Retiral Trust and Employee Welfare Trust Account maintenance as per PF Act.
- Ensuring adherence to the provisions of Ind AS, CARO, ICFoR, relevant provisions of Income Tax Act, GST Act, Customs Act and Companies Act in Financial reporting and maintaining the highest standard in the quality of the reports.
- Gratuity Act and Trust Deed. Ensuring all compliances, timely investment, audit, record maintenance, member compliant redressal, RPFC inspection & audit handling.
- Ensuring smooth and timely completion of Cost Audit as per Companies ( Cost Record and Audit) Rules, and maintaining cost records
- Understanding the auditing standard and ITGC requirement to facilitate timely interim, quarterly and annual limited reviews and statutory audit.
- Ensuring the standalone financials of subsidiaries and JVs and consolidated financials are prepared in adherence to Ind AS, IFRS and US GAAP with necessary disclosures
- Process Efficiency & Automation
- Coordinating with cross-functional team to support various requirements on automation, legal compliance, financial planning and analysis, commercial support, treasury and P2P.

Business Analytics

- Demonstrate analytical viewpoints on business performance through cost sheet and margin analysis of the business group.
- Lead the Investment back-office operation through proper accounting of the Investments in books as per Ind AS, monitoring the fair market value of the investment, coordinating with the treasury team on timely investment, switch in and switch out, and regular reporting of Borrowing and Cash Flow Statements
- Team Management
- Set objectives and define development plans for direct reports in line with department objectives.
- Day-to-day supervision of direct report(s) and workloads.
- Team's mentorship, leadership, and motivation.

Required Skills

- CA with 13+ Years of Experience and Expert Knowledge of : Ind AS, SEBI (LODR),IFRS, relevant provisions of Companies Act, Companies (Cost Record and Audit) Rules, GST Act, PF and Gratuity Act, SAP-FICO and SAP- BPC., Employee related regulations, US GAAP, Foreign Exchange Management Act (FEMA), Income Tax Act.

Academic Qualifications & Experience

- CA with 13+ Years of Experience.
- MBA Finance/B Com.

Our Offer

- Be part of a collaborative and supportive team
- Join a future-focused company driving innovation and sustainability
- Access continuous professional development opportunities
- Thrive in an inclusive and diverse work environment
- Engage with approachable and transparent leadership
- Explore long-term career growth paths
- Enjoy a healthy work-life balance
- Contribute to a culture that encourages open dialogue



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