Head of Consolidation Reporting

Job Description Form
Job Role :
Head of Group Consolidation & Reporting

Departments:
Finance & Accounts

Job Code
Location:
Mumbai

Reports To:
Head – Finance and Accounts

Key Stakeholders (Option depending upon the role):
Finance Heads of each entities, Finance Leadership, YRC Group Consolidation team, YOHT Group FP&A team, Statutory auditors, Internal auditors, etc.

Frequency (Occasional/Frequent/Continuous): Continuous
1: Job Purpose Statement (Summarize in one/two statements why this job exists, and the contribution makes to the overall business of the company).
The purpose of the Head of Group Consolidation & Reporting role at YOHT Group is to ensure the accurate consolidation and reporting of financial data (of 6 subsidiaries spread across the globe (India, US, Europe, Israel) with annual revenue of +$1Billion), foster transparency, trust and credibility in the financial reporting process.

Key responsibilities of the role include analyzing performance of each legal entity, reviewing their financial position, driving corrective actions, and leading enhancement in overall YOHT KK (Group Entity, Japan based) reporting quality and uniformity. Leading a Center of Excellence for IFRS standards, guiding entities in complex accounting issues and statutory audits. Building strong relationships with auditors and finance teams promotes transparency. Overall, the role facilitates informed decision-making, fosters financial stability, and ensures compliance within the group.

2: Organisational Relationship (Provide an organisational chart which illustrates the role structure above and below and parallel to this position).
3: Duties & Responsibilities (List in the order of importance the duties & responsibilities of this job)
**Decision Making Authority (This will be for every job allocated to the individual)

Refer to the Decision making box for detail information
Head of Group Consolidation & Reporting**

• Spearhead YOHT group's financial consolidation and reporting function with Revenue of +$1Billion.
• Review the financial performance of group entities by conducting comprehensive financial analysis, variance analysis, trend analysis, etc.
• Review the financial position of group entities, identify opportunities / risk and work closely with respective entities finance heads and group finance leadership team to drive corrective actions.
• Drive improvement in overall reporting quality, timeliness and uniform accounting across all YOHT entities through detailed review of entity level MIS, defining and monitoring effective implementation of monthly closing process / closing checklist / group accounting policies / SOPs.
• Spearhead the end-to-end consolidation process, ensuring accuracy, integrity, and completeness of financial data across YOHT subsidiaries.
• Monitor changes in the group accounting policies and instructions, assessing their impact on financial reporting, and implementing necessary adjustments in the reporting and disclosures.
• Lead the Centre of Excellence for IFRS accounting standards, group audits, etc and support entities in accounting advisory on complex accounting issues, resolution of complex group audit issues, etc.
• Cultivate strong relationships with Group auditors, YRC Consolidation team, YRC team deputed in India, Finance controllers of respective entities, etc to promote transparency, trust, and credibility on the consolidation and reporting process.
• Support US and Europe entity on the wide range of reporting requirements.

Schedule B and C

5: Decision Making Authority (For each decision type define if the action involves below mentioned categories:
Schedule A : Execution
Schedule B: Follow SOP/policy for decision to be made. (Moderate to Complex decision making)
Schedule C: Decide within approval limits) Complex/tactical/strategic decision making impacting the outcome

• Can be merged with duties & Responsibility

Educational Qualification

• Chartered Accountant

Skills
Skills & Knowledge
Competencies

• Financial analysis
• Ind AS / IFRS reporting
• Advance MS Excel

Behavioral

• Good stakeholder management, interpersonal skills & Communication skills
• Good analytical skills
• Good people management skills
• Handling conflict management
• Leadership skills

Work Experience
Functional

• 10+ Years
• SAP
• Accounting and Reporting.
• MS Office