Team Member

**Position Description**:
**Business Division**:

Corporate

**Department**:

Finance & Accounts

**Location**:

Mumbai

**Position Title**:

Team Member - Consolidation & Reporting

**Level**:

Middle Management

**Reporting to (Title)**:

Lead Consolidation & Reporting

**Position Purpose**:

- This role will be responsible for the consolidation of the P&L and Balance Sheet for PI Industries including subsidiaries, covering all businesses and units in a timely and accurate manner. The role will ensure compliance with the Indian Accounting Standards and IFRS and the company’s policies and procedures in closing of the financial statements. The role will also be responsible for leading the statutory reporting, facilitating the internal and statutory audits satisfactorily and in a timely**Strategic Responsibilities**:

- Support the Finance Controller in defining the Financial Policies/ Controls and Procedures for the organization.
- Identify any areas of internal accounting and control weaknesses or potential risk and map the same with adequate provisions.

**Operational Responsibilities**:
**Accounting and Consolidation**
- Liaison with Controls & Compliance, plant locations and Shared Services teams to ensure financial statements are prepared in a timely and accurate manner.
- Scrutinize and check periodically the hygiene of General Ledger entries and balances.
- Ensure consolidation and finalization of the year-end financial statements including P&L and Balance Sheet and Audits (statutory and tax audit) and consolidation of the subsidiary company accounts as per the Indian Accounting Standards and IFRS.
- Issue guidelines to all locations for timely and accurate closure of accounts.
- Proactively identify training gaps in users impacting the hygiene of financial statements
- Carry out Balance Sheet Reviews and ensure correctness of the same.
- Drive timely capitalization of projects and timely review of ongoing projects.
- Actively participate in review of accounting policies and procedure for ensuring benefits relating to SEZ, tax incentives, etc.
- Ensure accuracy and timelines in preparation of consolidated accounts and financial MIS in line with the accounting policies.
- Participate in the formulation of budgetary and accounting policies for the company.

**Account Reconcilliation**
- Review and sign off the month end account reconciliations and attend to issues highlighted.
- Ensure and review bank reconciliation for all businesses.
- Ensure implementation of financial control systems including proper systems and procedures for approval, passing and booking expenses.
- Work towards effective resolution of any discrepancy or data/ entry issue for any business in consultation with the Finance Controller.

**Documentation and MIS**
- Ensure all statutory and accounting related documents and records are maintained consistently, accurately and up to date
- Ensure all updation on the SAP System is undertaken and completed in a timely manner and resolve any issues that may be highlighted
- Ensure that all statutory records are accurately maintained at all locations.
- Review and sign off all MIS reports that are to be presented to the senior management team.

**Audit**
- Ensure timely completion of the statutory and tax audits for the company.
- Review inputs from Internal auditor for the finance function.
- Own the process of ensuring Segregation of Duties for the function.
- Ensure all required information is provided to the auditors and all queries raised are adequately addressed.
- Ensure audit reports are received from auditors in timely manner.

**Financial Responsibilities**:

- .**People Responsibilities**:

- Orient the Control & Compliance teams at the businesses to the company’s financial policies and processes for accounting and entry.
- Attend trainings as per training needs identified or imparted by HR.
- Share learnings with members of the team for cross functional development.
- Identify development areas for direct reportees and implement action plans for development.
- Conduct performance assessment of team member & provide feedback on strengths & development areas, drive action plans for development.

a**Education Qualification**:

- CA First Attempt**Work Experience**:

- Overall 6 to 9 years with at least 3 years of consolidation and reporting experience for a large organization with multiple locations and businesses or coordinating audit for similar organization.**Industry to be Hired from**:

- FMCG, Manufacturing, Agri**Functional Competencies**:

- Financial Accounting & Reporting knowledge
- Sound working knowledge of ERP - SAP system
- In depth knowledge of Financial Planning & Analysis ; Management Reporting / Dashboards ; Financial Modelling

**Interaction Complexity and Team Work**:
**Interaction
**Frequency**

**Purpose of Interaction**

**Internal**:

CFO, Finance Controller, Controls & Compliance team for different businesses, other Functional Heads, Business Heads
As a