Assistant Accounting & Controls Manager

Net Connect; Bengaluru; On-site; INR 800,000 - 1,200,000; Full time

Job summary

Net Connect in Bengaluru seeks an Assistant Manager - Accounting to uphold financial integrity across assigned entities. You will oversee month-end closes, review TB, BS, and P&L, and coordinate with Group Reporting and external auditors.

The role requires IFRS knowledge, strong analytical skills, and excellent stakeholder management to ensure timely, compliant financial reporting.

Qualifications

• Experience in financial accounting, group reporting, TB review, BS control, and P&L analysis.
• Knowledge of IFRS, controls, and audit requirements.
• Attention to detail in reconciliations, journals, schedules, and commentary.
• Strong communication and stakeholder management skills.
• Experience in shared services or process operations under tight close timelines.
• Professional qualifications and degree as stated.

Responsibilities

• Review trial balance during month-end, quarter-end, and year-end close; investigate unusual movements, misclassifications, and open items.
• Manage Balance Sheet general ledgers for group reporting, ensuring reconciliations, substantiation, aging, and movement explanations are complete and accurate.
• Review profit and loss results, validate accruals/reclasses, and provide clear commentary to P&L owners on material variances.
• Act as the key contact for Group Reporting on submissions, schedules, and reporting queries, conducting comprehensive variance analysis.
• Coordinate external audits for assigned entities, including evidence review, query resolution, and audit action closure to ensure timely completion.
• Review outputs from process operations teams, such as R2R, AP, AR, Intercompany, Fixed Assets, and other finance processes to ensure compliant accounting.
• Identify control gaps and lead remediation initiatives, implement root-cause fixes, and propose process improvements to strengthen financial controls.
• Collaborate with key stakeholders, such as Group Reporting, P&L Owners, Process Operations, and External Auditors to ensure accurate financial reporting.

Skills

Financial accounting

Group reporting

Trial Balance review

Balance Sheet control

P&L analysis

IFRS compliance

Audits & compliance

Stakeholder management

Education

CA/CPA/ACCA/CIMA or MBA in Finance

Degree in Accounting, Finance or Commerce

Job description

Key Responsibilities

• Review entity Trial Balance during month-end, quarter-end, and year-end close; investigate unusual movements, misclassifications, and open items.
• Manage Balance Sheet general ledgers for group reporting, ensuring reconciliations, substantiation, aging, and movement explanations are complete and accurate.
• Review profit and loss results, validate accruals/reclasses, and provide clear commentary to P&L owners on material variances.
• Act as the key contact for Group Reporting on submissions, schedules, and reporting queries, conducting comprehensive variance analysis.
• Coordinate external audits for assigned entities, including evidence review, query resolution, and audit action closure to ensure timely completion.
• Review outputs from process operations teams, such as R2R, AP, AR, Intercompany, Fixed Assets, and other finance processes to ensure compliant accounting.
• Identify control gaps and lead remediation initiatives, implement root-cause fixes, and propose process improvements to strengthen financial controls.
• Collaborate with key stakeholders, such as Group Reporting, P&L Owners, Process Operations, and External Auditors to ensure accurate financial reporting.

Overview

• The Assistant Manager - Accounting is a pivotal role within the FMCG sector, responsible for ensuring financial integrity and compliance for assigned entities.
• Based in Bangalore, this role demands close collaboration with Group Reporting, P&L owners, and process operations teams to address financial discrepancies and enhance control mechanisms.
• The incumbent will oversee the financial reporting process, ensuring accuracy and readiness for audits through meticulous review of the Trial Balance, Balance Sheet general ledgers, and profit and loss statements.
• This position plays a critical part in the month-end, quarter-end, and year-end financial close processes.
• Acting as the primary liaison for Group Reporting, the Assistant Manager will manage submissions, address reporting queries, and conduct variance analysis to maintain robust financial controls.
• Additionally, the role involves coordinating external audits and ensuring compliance with international financial reporting standards.
• The Assistant Manager - Accounting will also identify control gaps, propose remediation strategies, and drive process improvements across various finance operations, including accounts payable, accounts receivable, and intercompany transactions.

Requirements

• Strong experience in financial accounting, group reporting, Trial Balance review, Balance Sheet control, and profit and loss analysis.
• In-depth knowledge of IFRS, financial controls, and audit requirements, with the ability to ensure compliance across financial operations.
• Proven ability to review reconciliations, journals, schedules, and financial commentary with meticulous attention to detail.
• Excellent communication and stakeholder management skills, with the ability to influence and challenge effectively.
• Experience working within shared services or process operations environments, particularly under tight financial close timelines.
• Professional qualifications such as CA, CPA, ACCA, CIMA, or an MBA in Finance are preferred, alongside a degree in Accounting, Finance, or Commerce.
• Minimum of 3 years of relevant experience in financial accounting roles within the FMCG sector or similar industries.