Accounts Manager

TORQCOMMODITIES; Mumbai; On-site; INR 2,800,000 - 3,500,000; Full time

Job summary

TORQCOMMODITIES is seeking an experienced Head of Accounting to lead IFRS/GAAP reporting, month-end close, and group consolidation from Mumbai. The role demands strong controls, integration of subsidiaries, and proactive collaboration with audit teams.

You will supervise GL, AR, AP, fixed assets and inventory, drive internal controls, and provide timely financial insights to management for strategic decision-making and board presentations.

Qualifications

• Experience in IFRS/GAAP reporting and group consolidation.
• Strong month-end/year-end closing discipline.
• Experience coordinating statutory audits and regulatory filings.
• Proven ability to mentor accounting teams.

Responsibilities

• Lead finalization of standalone and consolidated financial statements in IFRS/GAAP and local statutory requirements.
• Manage month-end, quarter-end, and year-end closing activities with accuracy and timeliness.
• Review intercompany transactions, eliminations, and consolidation adjustments for global subsidiaries.
• Supervise GL, AR, AP, fixed assets, and inventory accounting with controls and reconciliations.
• Coordinate with auditors for audits and ensure timely closure.
• Prepare MIS reports, P&L statements, and balance sheet analysis at multiple levels.

Skills

IFRS/GAAP

Consolidation

Financial reporting

Leadership

Intercompany

Education

CA/CPA qualification

Tools

SAP

Oracle Financials

Job description

Key Responsibilities

Accounting & Finalization

• Lead the finalization of standalone and consolidated financial statements in compliance with IFRS/GAAP and local statutory requirements.
• Manage month-end, quarter-end, and year-end closing activities, ensuring accuracy and timeliness.
• Review and reconcile intercompany transactions, eliminations, and consolidation adjustments for global subsidiaries.
• Supervise GL, AR, AP, fixed assets, and inventory accounting, ensuring proper controls and reconciliations.
• Coordinate with statutory and internal auditors for audits, ensuring compliance and timely closure.

Financial Reporting & MIS

• Prepare and present MIS reports, P&L statements, and balance sheet analysis at group, company, and business unit levels.
• Consolidate global financial data for management review, highlighting performance trends and variances.
• Conduct variance analysis (Actuals vs. Budget / Forecast) with commentary on key drivers.
• Support management in board, audit committee, and investor presentations.

Budgeting, Planning & Analysis

• Support the annual budgeting and forecasting process in collaboration with business units.
• Monitor financial KPIs, working capital, and cost structures, providing insights for efficiency improvement.
• Assist in financial planning and decision-making through profitability, cost, and cash flow analysis.

Compliance & Controls

• Ensure compliance with local and international accounting standards, taxation, and regulatory requirements.
• Strengthen internal controls and accounting policies to ensure accuracy and mitigate risks.
• Liaise with tax advisors, external auditors, and regulatory authorities as required.

Team Leadership & Stakeholder Management

• Supervise and mentor accounting staff, ensuring effective performance and professional development.
• Collaborate with cross-functional teams across global offices for smooth consolidation and reporting.
• Act as a key liaison between finance and management for financial insights and recommendation