Financial Analyst

4 days ago

Mysore, Karnataka, India Cyient Full time ₹ 6,00,000 - ₹ 18,00,000 per year

Position: Financial Reporting Analyst

Work Location: Mysore, Karnataka (India)

Experience: Minimum 4 years experience in Management Reporting and Consolidation.

Education: CA (Inter), MBA / M.Com.,

Summary of Key Skills and Areas of Focus:

This role requires strong coordination between teams in India and the US, as well as attention to detail in financial reporting, auditing, and compliance activities.

  • Financial Reporting and Analysis: working level understanding of Ind AS and experience with preparing financial statements.
  • Past experience of US accounting is preferred
  • CA firm experience with Statutory audit experience is preferred
  • Good command over English
  • Good verbal and written communication

Key Responsibilities:

  • Reporting of Ind AS Financial Statements:

  • Preparation and reporting of both standalone and consolidated Ind AS financial statements for the Indian corporate entity, including those related to the US subsidiary.

  • Coordination and Reporting with the US Subsidiary:

  • Collaborating with the Director of Finance and the finance team of the US subsidiary to publish monthly financial reports and analysis.

  • Consolidating the trial balance of the US subsidiary with the corporate books of accounts in India.

  • Audit Coordination:

  • Liaising with statutory auditors to ensure the closure of the audit for the US subsidiary and corporate office.

  • Asset and Liability Management:

  • Reviewing and reporting on the aging of inventory, receivables, and other current assets, ensuring that adequate provisions are made in the financial statements.

  • Ensuring periodic physical verification of inventory and fixed assets through local consulting firms.

  • Loan and Finance Monitoring:

  • Tracking the repayment of term loans, finance costs, and bank charges for both the US subsidiary and the corporate office in the US.

  • Statutory Filings:

  • Coordinating with local consultants to ensure that periodical statutory filings are completed for the corporate entity in the US.

  • Payroll and Executive Spending Review:

  • Reviewing the payroll for US corporate executives and reporting on it monthly.

  • Monitoring and reviewing the monthly spending of US corporate executives, including credit card expenses related to travel, sales promotions, and other business activities.

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