Accounts Manager

Torq Commodities; Navi Mumbai; On-site; INR 1,800,000 - 2,500,000; Full time

Job summary

Torq Commodities seeks an experienced finance leader to oversee accounting, consolidation, and reporting from our Navi Mumbai office. You will drive IFRS/GAAP compliance, manage month-ends, and coordinate with auditors to ensure timely closure.

You will supervise GL, AR, AP, fixed assets and inventory, and collaborate with global teams to deliver accurate financial insights for management and stakeholders.

Responsibilities

• 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.
• 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.
• 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.
• 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.
• 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

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