Financial Reporting Team Lead

Job description

**Roles and Responsibilities :** •Hands on in preparation of Financial Statement as per Ind-As, and company Laws requirement, also interact with the statutory auditors of the company. •Hands on Consolidation of Financial Statements of multiple foreign and domestic subsidiaries as per Ind-As, and other regulatory requirement. •Preparation of Variance Analysis of P&L and Balance Sheet Items and submit to senior management or to the board of directors. •Staying informed of industry trends and developments in accounting and finance, advising to CFO, for changes in accounting policies of the company. •Coordination with all subsidiary finance functions for MIS and other requirement as per compliance/management. •Ensuring compliance and other relevant regulations and laws, including the preparation of financial statements and other reports that are required for external auditing and regulatory compliance  •Supporting the automation projects of accounts, finance and in SAP and other process improvements  •Supervision and responsibility of books and accounts for local subsidiary companies **Skills Requirement:** Business Acumen: •Understanding the company's overall business operations, market dynamics, and industry trends to provide valuable financial insights and recommendations and people management skills Accounting Expertise: •Strong knowledge of accounting principles, practices, and standards. This includes expert knowledge of Indian Accounting Standard (Ind-As) or International Financial Reporting Standards (IFRS). •Cash Flow Management and Financial Operations •Manage day-to-day financial operations, including accounts payable, accounts receivable. •Review financial transactions to ensure accuracy and proper authorization •Financial Reporting and Analysis: •Prepare and present accurate and timely financial statements, including income statements, balance sheets, and cash flow statements. •Analyze financial data and provide insights into the company's financial performance, trends, and areas for improvement. •Implement and maintain a robust financial reporting system that adheres to accounting standards and regulatory requirements. •Knowledge of internal control procedures and regulations to ensure compliance with relevant laws and accounting standards. This involves safeguarding company assets and maintaining accurate records. •Financial Compliance and Analysis: •Ensure compliance with all relevant financial laws, regulations, and accounting principles. •Oversee internal and external audits, providing necessary documentation and addressing audit findings. •Ability to perform in-depth financial analysis, identify trends, interpret financial data, and provide insights to aid in decision-making. This may include analyzing profitability, cost structures, and key performance indicators (KPIs). **Ideal Candidate** **• Qualified Chartered Accountant** • Proven experience (typically 10+ years) in a financial leadership role, preferably as a Senior Finance Manager or similar position. • Basic knowledge of Direct & Indirect Tax, and FEMA compliances. • Strong knowledge of accounting principles, financial reporting standards, and relevant laws and regulations. • Experience in cash flow management, risk assessment, and internal controls implementation. • Proficiency in SAP and ERP systems. • Excellent analytical, problem-solving, and decision-making skills. • Effective communication and presentation abilities to liaise with various stakeholders. • Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities.