Associate Manager - Reporting & Controllership

Air India; Gurugram District; On-site; INR 800,000 - 1,400,000; Full time

Job summary

Air India seeks a Chartered Accountant to lead cost accounting and financial reporting initiatives in Gurugram. You will revamp cost processes, ensure timely reporting, and provide strategic insights from cost data to guide resource allocation.

You will manage monthly, quarterly, and annual closes, analyze COGS and inventory, and collaborate with cross-functional teams to drive efficiency and compliance with GAAP/IFRS and regulatory requirements.

Qualifications

• CA with 1–3 years in financial reporting and accounting.
• Experience leading cost accounting teams or projects.
• Proficiency in GAAP/IFRS standards.
• Familiarity with regulatory requirements.

Responsibilities

• Prepare and review financial statements and reports in adherence to GAAP/IFRS, focusing on cost metrics.
• Manage monthly, quarterly, and annual close processes with accuracy and timeliness.
• Oversee monthly/annual cost accounting close and general ledger entries.
• Review COGS and inventory accounts for discrepancies; ensure accuracy.
• Document cost accounting processes, including journal entries and reconciliations.
• Perform variance analysis of cost-related elements and advise on variances.
• Identify opportunities to improve cost accounting processes and efficiency.
• Collaborate with cross-functional teams to implement cost accounting enhancements.
• Support financial audits with documentation of cost accounting controls.

Skills

Financial analysis

Cost accounting

Variance analysis

Process improvement

Leadership

Education

Chartered Accountant (CA)

Job description

Job Purpose

• Revamp cost accounting processes by instituting efficient procedures and rigorous controls, ensuring meticulous and timely financial reporting that aligns with industry standards and regulatory requirements.
• Enhance efficiency and accuracy in revenue recognition procedures, ensuring seamless financial reporting and compliance with industry standards
• Provide in-depth analysis and strategic insights derived from comprehensive cost-related data, empowering organizational stakeholders to make data-driven decisions that optimize resource allocation and enhance overall operational performance.

Key Accountabilities

• Prepare and review financial statements and reports in adherence to GAAP/IFRS standards, focusing on cost-related metrics and performance indicators.
• Manage the financial close processes on a monthly, quarterly, and annual basis, ensuring adherence to reporting timelines and accuracy of financial data.
• Manage the monthly and annual cost accounting close processes, ensuring accurate and timely recording of all transactions in the general ledger.
• Review and analyze cost of goods sold (COGS) and inventory accounts, identifying discrepancies and ensuring completeness and accuracy.
• Develop and maintain comprehensive documentation of cost accounting processes, including journal entries and account reconciliations.
• Perform variance analysis of cost-related elements, providing insights into budget-to-actual variances and recommending corrective actions as necessary.
• Identify opportunities for process improvements within cost accounting practices, driving efficiency and accuracy in financial reporting.
• Collaborate with cross-functional teams to implement process enhancements and streamline cost accounting procedures.
• Participate in financial audits, providing support and documentation related to cost accounting processes and controls.
  

Educational and Experience Requirements

• Must be a Chartered Accountant Bachelor's Degree in Accounting, Finance, or related field.
• 1-3 years of progressive experience in financial reporting & accounting, preferably in the airline industry or a related field.
• Experience in leading cost accounting teams or projects.
• Familiarity with financial reporting standards and regulatory requirements.