AddressLead - Consolidation & Reporting
The purpose of the Head of Group Consolidation & Reporting role is to ensure the accurate consolidation and reporting of financial data (of 6 subsidiaries spread across the globe 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 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.
Head of Group Consolidation & Reporting:
- Spearhead group's financial consolidation and reporting function
- 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 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 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, Consolidation team, 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.
Educational Qualification: Chartered Accountant
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
