Sr. Team Member

Job Purpose:

Prepare and present financials within the Corporate Accounts function as per requirements specified by relevant stakeholders and Senior Management internally for enabling better decision-making and also for statutory compliances.

Key Accountabilities:

1. Ensure standardisation of closing calendar and design templates and drive evaluation of EM-EU financials for BSR review to ensure accurate trial balance

2. Prepare the closing schedule well in advance for circulation

3. Plan activities and account provisions based on closing schedule through regular and early follow up of activities
4. Monitor adherence to timelines by designing formats wherever possible to save on time
5. Actively monitor existing financial statement closing process in system for completion (Blackline)

2. Facilitate Controller forum to review and improve the hygiene of the financial statements of EMEU Subsidiaries

• Conduct and facilitate controller forum on periodic basis
• Improve the rigour of Balance sheet review (BSR) and target automation to improve the same
• Monitor the execution of action points agreed upon in the forum

• Ensure cross-functional support to close out on action points

• Preparation of Audit committee deliverables

• Preparation of Balance sheet analytical and Balancer sheet Executive Summary at quarter end and coordination with all team members to ensure variance comments of all entities are completed.

• Keep track of all Balance sheet review comments and ensure same get closed on time.

• Finalisation of significant transactions report for approval and review in audit committee.

• Liaise and resolve audit queries to achieve full compliance and nil re-raised queries and ensure proof reading annual report prepared annually to achieve error free reporting.

• Liaise with statutory auditors, engage in discussions and respond to close out their queries as and when received.

• Help them with the relevant contact points to facilitate them the data from other stakeholders

• Liaison with auditors for LR report and audit report for quarter / annual results publishing.

• Assist in the preparation of Annual report, engage in proofreading to achieve error-free reporting

• Prepare disclosures of financial statement for assigned areas as prescribed by accounting standards

• Consolidate manuscripts from different contributing teams
• Proof read data against manuscripts, discuss with parallel teams and accommodate suggestions

• Liaise with printer for incorporation of changes and correction of erorrs

• Contribute in new system implementation and drive automation of various reports and activities to bring in system & MIS improvements

• Take initiative to contribute towards improvisation of system functions

• Suggest changes/modifications to SAP/BPC/Finalyzer/Power BI and other reporting formats

• Provide inputs, participate in testing and implementation of automation tools

• Mentor accountants to resolve accounting queries and also guide to achieve standard practices and processes

• Assist to accountants to resolve queries on accounting

• Guide and help to standardise formats and reconciliations on a timely basis

Checking of all Annual Performance Report (APR), Foreign liabilities and Asset (FLA) and other filling to regulatory authority before submission.

1. Review EM-EU Subsidiaries Financials and Analysis on Monthly basis in order to ensure correctness of financials

2. Review of subsidiary financials on monthly and quarterly basis at GL level for variance comments to include in P/L and balance sheet deck shared with GCFO/GCEO and audit committee.

3. Ensuring Intercompany transactions accounting and reconciliation.

4. Support consolidation procedures to ensure statutory compliance, financial reporting & publishing.

5. Review standalone financial statements of allocated entities of the Group for closing of monthly / quarterly / annual consolidated financial reporting.

6. Preparing an consolidation adjustment working including Ind AS 116, Unrealised profit elimination etc. and post the same in BPC.
7. Review financials of allocated entities from statutory and compliance standpoint on annual basis.

8. Benchmark industry practices on an annual basis for significant accounting policies and notes to accounts in the financial statements.

9. Co-ordination / Finalisation of audit and accounting of all subsidiaries (EM-EU Entities) for group financial statements consolidation

10. Co-ordination with various subsidiaries for finalisation of accounts on time for proper consolidation

11. Finalisation of audit for all subsidiaries within time without qualification
12. Ensuring all signed financial are received and tallied with trial balance submitted for consolidation at year end.