Financial Reporting Manager

Role Summary:

The role leads the reporting function for our client, which has an annual turnover of more than Rs. 5000 Crores. Operations are spread across 2 manufacturing facilities, maintaining books in dual currency to ensure group and local reporting compliance, and handling complex accounting areas such as derivative accounting, revenue recognition, lease accounting, government grants, etc. The purpose of the role is to provide critical insights on the performance of the finance leadership team, manage the financial reporting processes, maintain strong relationships with various auditors and, identify and lead identify process transformation initiatives.

 

Key Responsibilities:

• Manage the month-end and year-end close processes, including ensuring accuracy and reviewing journal entries and reconciliations
• Provide insightful financial analysis and reports, including working with respective departments to understand reasons behind discrepancies, to senior management for aiding strategic decision-making.
• Lead the timely preparation and accuracy of financial statements (Income statement, Balance sheet and Cash flow statement) in accordance with Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS)
• Lead in-depth review of the balance sheet and maintain GL hygiene and presentation to finance leadership
• Identify opportunities for process improvement, improving efficiency and accuracy of financial reporting tasks and lead transformation initiatives
• Mentor team members (reportees) and foster their professional growth and technical expertise, and ensure they are equipped with the necessary skills to enhance their performance and efficiency
• Ensure compliance and completion of documentation with J-SOX and Internal Control over financial reporting.
• Work closely with internal and external auditors to facilitate smooth and timely completion of audits.
• Stay informed about industry trends, regulatory updates (including Ind AS, Income Tax, and Companies Act), and their impact on information requirements from business teams as well as tax & statutory compliance requirements)
• Monitor best practices in financial reporting, and proactively share relevant insights with the team to enhance reporting and compliance quality