Financial Reporting Manager

Pan HR Solution Limited; Mumbai; On-site; INR 4,000,000 - 6,000,000; Full time

Job summary

Pan HR Solution Limited in Mumbai seeks a Head of Financial Reporting to lead the group consolidation, ensure dual currency reporting, and drive accounting policy adherence across two manufacturing sites.

You will mentor a finance team, coordinate with internal and external auditors, ensure Ind AS and IFRS compliance, and identify transformation initiatives for reporting processes.

The role demands strong technical accounting knowledge, business acumen, and stakeholder management.

Qualifications

• Extensive experience in month-end and year-end close processes.
• Strong expertise in Ind AS and IFRS reporting requirements.
• Proven ability to mentor teams and drive process improvements.

Responsibilities

• Lead month-end close and reconcile journal entries.
• Provide management reporting and variance analysis.
• Prepare financial statements per Ind AS & IFRS.
• Oversee balance sheet hygiene and GL controls.
• Collaborate with auditors and ensure internal controls compliance.

Skills

Financial reporting

IFRS

Ind AS

Audit coordination

Team leadership

Compliance

Education

Chartered Accountant

MBA in Finance

Tools

SAP ERP

Oracle Financials

Job description

The role is to lead the reporting function of our client which has an annual turnover of more than Rs. 5000 Crores. The operations are spread across 2 manufacturing facilities, In that maintaining books in dual currency to ensure reporting and compliance for group reporting and local reporting, handling complex accounting areas like derivative accounting, revenue recognition, lease accounting, government grant, etc. The purpose of the role is to provide critical insights on the performance of the finance leadership team, manage the financial reporting processes, maintain strong relationships with various auditors and, identify and lead identify process transformation initiatives.

Key Responsibilities:

• Manage the month-end and year-end close processes including ensuring accuracy and reviewing journal entries and reconciliations
• Provide insightful financial analysis and reports, including working with respective departments to understand reasons behind discrepancies, to senior management for aiding strategic decision-making
• Lead the timely preparation and accuracy of financial statements (Income statement, Balance sheet and Cash flow statement) in accordance with Indian Accounting Standards (Ind AS) and International Financial Reporting Standards (IFRS)
• Lead in-depth review of balance sheet and maintain GL hygiene and presentation to finance leadership
• Identify opportunities for process improvement improving efficiency and accuracy of financial reporting tasks and lead transformation initiatives
• Mentor team members (reportees) and foster their professional growth and technical expertise, and ensure they are equipped with the necessary skills to enhance their performance and efficiency
• Ensure compliance and completion of documentation with J-SOX and Internal Control over financial reporting.
• Work closely with internal and external auditors to facilitate smooth and timely completion of audit.
• Stay informed about industry trends, regulatory updates (including Ind AS, Income Tax and Companies Act), and their impact on information requirements from business teams as well as tax & statutory compliance requirements)
• Monitor best practices in financial reporting, and proactively share relevant insights with the team to enhance reporting and compliance quality