Financial Reporting Manager

Edme Insurance Brokers; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Edme Insurance Brokers in Mumbai seeks a seasoned finance professional to oversee accurate financial reporting and robust cost control. You will ensure timely month-end closings, maintain ledger integrity, and support consolidation across entities for statutory compliance.

The role focuses on delivering reliable management information, board-ready packs, and proactive insights for decision-makers, while coordinating audits and ensuring regulatory compliance.

Qualifications

• Prepare monthly, quarterly and annual financial statements (P&L, Balance Sheet, Cash Flow) per Ind AS/IFRS.
• Compile MIS packs with variance analysis and narrative commentary for management.
• Ensure disclosures, notes & schedules are accurate and regulatory compliant.
• Coordinate consolidation across entities/divisions for reporting.
• Support management reporting, board packs and investor/lender reporting requirements.

Responsibilities

• Perform periodic scrutiny of general ledger accounts to ensure accuracy and correct classification.
• Review and approve journal entries, accruals, provisions and prepayments before posting.
• Identify and resolve unreconciled balances and aging items promptly.
• Maintain chart of accounts integrity and consistent accounting treatment.
• Ensure inter-company transactions are properly recorded and eliminated on consolidation.
• Own month-end close calendar and coordinate close across functions.
• Assist audits by providing schedules and responding to queries.
• Monitor and manage costs and implement cost-control measures.

Skills

Financial reporting

Ledger scrutiny

Cash management

Consolidation

Regulatory compliance

Education

CA/CPA qualification

Tools

ERP software

Job description

The role is responsible for ensuring accurate financial reporting, maintaining the integrity of accounts, effective cash

management, timely month-end closing, audit compliance and cost control. The candidate will play a key role in

supporting management with reliable financial information and actionable insights.

• Prepare accurate and timely monthly, quarterly and annual financial statements — Profit & Loss, Balance Sheet and Cash Flow — in accordance with applicable accounting standards (Ind AS / IFRS).
• Compile the monthly MIS pack, including variance analysis against budget and prior periods, with clear narrative commentary for management.
• Ensure all disclosures, notes to accounts and schedules are complete, accurate and compliant with statutory and regulatory requirements.
• Coordinate the consolidation of financials across entities, divisions or cost centres where applicable.
• Support management reporting, board packs and investor / lender reporting requirements.

2. General Ledger & Accounting

• Perform periodic scrutiny of general ledger accounts to ensure correct classification, completeness and accuracy of entries.
• Review and approve journal entries, accruals, provisions and prepaid amortisations before posting.
• Identify, investigate and resolve unusual, ageing or unreconciled ledger balances on a timely basis.
• Maintain the integrity of the chart of accounts and enforce consistent accounting treatment across transactions.
• Ensure inter-company transactions are properly recorded, reconciled and eliminated on consolidation.

3. Balance Sheet Substantiation

• Prepare and review monthly balance sheet reconciliations for all asset and liability accounts, ensuring every balance is fully supported by underlying schedules.
• Maintain a balance sheet substantiation file with clear ownership, sign-offs and supporting documentation for each account.
• Age and follow up on open reconciling items, driving them to timely resolution and escalating risks where required.
• Review fixed asset registers, depreciation schedules, provisions, accruals and prepayment schedules for accuracy.
• Ensure the balance sheet is ‘clean’ and audit-ready at each reporting cut-off.

4. Treasury & Cash Flow Management

• Manage day-to-day cash and bank operations, ensuring adequate liquidity to meet operational and financial obligations.
• Prepare short-term and rolling cash-flow forecasts and monitor actuals against forecast.
• Oversee banking relationships, fund transfers, working capital facilities and fixed deposit / investment placements.
• Monitor debtor collections and creditor payments to optimise the working capital cycle.
• Ensure compliance with banking covenants, loan repayment schedules and interest servicing.
• Manage foreign exchange exposure and hedging where applicable.

5. Month-End Closing

• Own and drive the month-end close calendar, ensuring the books are closed accurately and within agreed timelines.
• Coordinate close activities across accounts payable, accounts receivable, payroll, fixed assets and general ledger.
• Ensure all accruals, provisions, prepayments, depreciation and recurring entries are booked and reviewed.
• Complete key account reconciliations and resolve open items before the close is finalised.
• Continuously improve close processes to reduce cycle time and enhance accuracy.

6. Audit & Compliance

• Serve as the primary point of contact for statutory, internal, tax and management audits.
• Prepare and review audit schedules, lead schedules and requested documentation (PBC lists).
• Respond to auditor queries, resolve observations and implement agreed corrective actions.
• Ensure compliance with internal controls and support strengthening of the control environment.
• Coordinate timely completion of the annual statutory audit and finalisation of accounts.

7. Cost Control

• Monitor and control operating costs against approved budgets, highlighting overruns and driving corrective action.
• Perform cost analysis, identify savings opportunities and support cost-optimisation initiatives.
• Review and approve expenses in line with the delegation of authority and company policy.
• Partner with department heads on budgeting, forecasting and cost accountability.
• Develop and track cost-related KPIs and provide actionable insights to management.