AVP - Consolidation (Qualified CA)

Mands Consulting Com; Mumbai; On-site; INR 1,800,000 - 2,800,000; Full time

Job summary

MG India is seeking a consolidation professional to lead complex IFRS-based reporting for the MG Group. You will review consolidation workings, prepare technical memos on impairment, goodwill, and Held for Sale, and own end-to-end SPE/OEIC reporting.

You will coordinate with third-party accountants and internal stakeholders, sign off ADS reporting for MG Group Head Office, and drive improvements in group reporting processes with accuracy and integrity.

Qualifications

• Experience in financial consolidation and reporting under IFRS.
• Ability to interpret and apply accounting standards to group requirements.
• Strong analytical and memo-writing skills.

Responsibilities

• Review complex consolidation workings including in-specie transfers and JV/associates.
• Present technical accounting memos to Technical accounting forum (IFRS).
• Deliver expert advice for interpretation and implementation of accounting standards.
• Coordinate with TPAs and sign off on consolidation work end-to-end for SPE/OEIC reporting.
• Lead the preparation and sign-off of ADS reporting for MG Group Head Office.

Skills

Consolidation

IFRS 10

IFRS 16

Analytical reviews

Stakeholder management

Job description

About MG India

We are MG India, the strategic innovation and digital hub for MG. Established in 2003, we have offices in Mumbai and Pune.

Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.

Grounded in a vibrant culture with strong foundations, we are central to how MG is transforming as a business.

About MG

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

• Review of complex underlying consolidation workings prepared by Third Party Accountants and the internal team members which includes in-specie transfers, joint venture and associates
• Present technical accounting assessment memos to Technical accounting forum, eg Impairment, Goodwill, Held for Sale, IFRS 10, IFRS 16
• Be accountable for delivering expert advice or service, apply judgements , using specialist knowledge and subject matter expertise for interpretation and implementation of accounting standards and business requirements
• Presentation of analytical review to VP / Head of Group consolidation during reporting period.
• Responsible for overall delivery of work and coordinating with various stakeholders and TPAs and own the process end to end for SPE and OEIC reporting

Additional Responsibilities :

• Review and sign off of the Consolidated funds reporting under IFRS and associated workbooks, for submission to MG Group Head Office and ensuring any other consolidation requirements are met.
• Present and review of IFRS10 assessment and technical memo s
• Ensure that third-party accountants are kept informed and up to date for various requirements of group reporting.
• Lead the monitoring of funds with internal investments, impact assessments an consolidation assessment papers.
• Review and present analytical reviews for the sign off with Head of finance/Group Reporting Director
• Review and sign off of ADS reporting for submission to MG Group Head Office.
• Review and responsible for workings done by the team
• Provide support for other members of the Consolidation Team
• Maintain a good relationship with the rest of Finance and the Auditors, fund teams, third party accountants and other parts of the MG business
• Review and development of processes and procedures to accommodate business changes
• Keep up to date with the latest business developments
• Keep up to date with the latest accounting developments
• Provide advice and guidance on accounting treatments
• Ad hoc tasks and participation in ad hoc projects

We have a diverse workforce and an inclusive culture at MG Global Services, regardless of gender, ethnicity, age, sexual orientation, nationality, disability or long term condition, we are looking to attract, promote and retain exceptional people. We also welcome those who take part in military service and those returning from career breaks.