Financial Reporting Manager

2 weeks ago

Bengaluru, Karnataka, India Smiths Detection Full time
About Us

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 spans 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. This enables us to deliver solutions needed to protect our society from any threat and illegal passage of explosives, prohibited weapons, contraband, toxic chemicals, and narcotics. Our technology and talented team members help make the world a safer place.

Job Description

Reporting to the Detection India Finance Controller (FC), the MFS works closely with FC and cross-functional teams to ensure a high-performing finance team and effective controlled and compliant environment. The MFS is accountable for financial accounting, financial reporting, and statutory compliance by interpreting policies, processes, and procedures related to the India market and global functions like BIS, HRS, and other global centers of excellence in India. The role leads a direct team and develops them to be ready for future challenges.

Duties & Responsibilities

Responsibilities:

  • Financial accounting as per applicable reporting standards (International Financial Reporting Standards (IFRS), Indian Generally Accepted Accounting Principles (GAAP)).
  • Month-end financial reporting, ensuring timely reporting, completeness, and documentation, reviewing key items schedules like Accounts Payable (AP), Bank Reconciliation Statements (BRS), accruals, prepaid, and Onyx submission.
  • Statutory compliances, including Goods and Services Tax (GST) both outward and inward, reviewing GST inward reconciliation and filing, and Withholding Tax (WHT) compliances.
  • Audit management, including Statutory audit, Tax audit, Transfer Pricing audit, and Internal Audit.
  • Tax Management, including Corporate Tax Return filing (all detection entities), Corporate tax assessments (both SDS & SDAP India Branch), GST tax assessments, and WHT return filing and assessments (both SDS & SDAP India Branch).
  • Vendor Payments (both external and employee claims).
  • Cash payment forecasting on a monthly basis.
  • Vetting of Runrate Cost sheets (Bid Approval Form).
  • Funds management.
  • Fixed Assets Review on a quarterly basis.
  • Interco recharges.
  • Ensuring 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.
  • Supporting the organization in ad hoc projects, System improvement (SAP).
The Individual

Skills & Experience:

  • Chartered Accountant with 10+ experience or equivalent.
  • Experience of working with Big 4 auditing firms will be an added advantage.
  • Experience of leading and developing a team.
  • Experience working with SAP.
  • Proficient in the 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 analyzing critical information.
  • The understanding and recognition of the organization's commercial environment and positioning themselves, their role, and their actions in order to support the organization's 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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