Financial Reporting Specialist

Fairgrowth Management Consultants Pvt. Ltd.; Hyderabad; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

Fairgrowth Management Consultants Pvt. Ltd. is seeking an experienced finance professional to manage consolidation, financial reporting, and statutory compliance for a large, diversified organization with multiple subsidiaries and joint ventures.

The role requires coordinating with auditors, finance teams, and stakeholders to ensure accurate, timely reporting and continuous process improvement. The candidate should have 8–11 years in finance and a Chartered Accountant qualification, with

Qualifications

• 8–11 years of experience in finance, consolidation, and reporting within a large organization.
• Strong knowledge of Ind AS, consolidated financial statements, and closing processes.
• Hands-on experience with SAP and BPC or equivalent financial consolidation tools.

Responsibilities

• Coordinate preparation and review of Consolidated Financial Statements (CFS) for group entities.
• Review standalone financial statements for accuracy and consistency with consolidation data.
• Perform intercompany reconciliations, RPT verification, and eliminations.
• Account for share of profit or loss from joint ventures and associates.
• Monitor GL groupings, entity relationships, and consolidation systems.
• Prepare monthly MIS, quarterly forecasts, and annual operating plans (AOP).
• Review financial dashboards, management presentations, and published info.
• Develop and monitor monthly/quarterly closing schedules for timely completion.
• Identify consolidation discrepancies and coordinate corrective actions.
• Ensure compliance with Ind AS, Companies Act, SEBI LODR, and related standards.
• Support audits with schedules, documentation, and auditor queries.
• Coordinate financial analysis, variance reports, and Audit Committee presentations.

Skills

Analytical

Problem-solving

Communication

Stakeholder management

Education

Chartered Accountant (CA)

Tools

SAP

BPC

Job description

Function: Finance & Accounts | Record-to-Report (R2R)

About the Role

We are looking for an experienced finance professional to manage financial consolidation, consolidated financial statement preparation, financial reporting, and statutory compliance for a large, diversified organization with multiple subsidiaries and joint ventures.

The role involves coordinating with finance teams, auditors, and internal stakeholders to ensure accurate and timely financial reporting, regulatory compliance, and continuous improvement of consolidation processes.

Key Responsibilities

• Coordinate the preparation and review of Consolidated Financial Statements (CFS) for group entities and intermediate holding companies.
• Review standalone financial statements and ensure the accuracy and consistency of consolidated financial data.
• Perform intercompany reconciliations, related-party transaction (RPT) verification, and elimination entries.
• Account for the share of profit or loss from joint ventures and associates.
• Monitor general ledger (GL) groupings, entity relationships, and financial data within consolidation systems.
• Prepare monthly MIS, quarterly consolidated forecasts, and Annual Operating Plan (AOP) reports.
• Review financial dashboards, management presentations, and published financial information.
• Develop and monitor monthly and quarterly financial closing schedules to ensure timely completion.
• Identify consolidation discrepancies, investigate variances, and coordinate corrective actions with respective entities.
• Ensure compliance with applicable Ind AS, Companies Act requirements, SEBI LODR regulations, and relevant financial reporting standards.
• Support statutory and internal audits, including the preparation of audit schedules, documentation, and responses to auditor queries.
• Coordinate the preparation of financial analysis, variance reports, and Audit Committee presentations.

3. Stakeholder Management

• Coordinate with subsidiary finance teams, business finance, statutory auditors, and other internal stakeholders.
• Resolve consolidation-related queries and ensure timely closure of audit observations.
• Monitor reporting timelines and elevate delays or significant discrepancies to management.

4. Process Improvement & Team Management

• Identify opportunities to automate and improve financial consolidation processes, accuracy, and turnaround time.
• Drive standardization of reporting processes and implementation of regulatory changes.
• Allocate responsibilities, coordinate daily activities, and guide team members in preparing consolidated financial statements and supporting schedules.

Candidate Profile

• Qualification: Chartered Accountant (CA).
• Experience: 8-11 years of relevant experience in Finance & Accounts, financial consolidation, and reporting within a large organization.
• Strong understanding of Ind AS, consolidated financial statements, accounting standards, and financial closing processes.
• Hands-on exposure to SAP and BPC or equivalent financial consolidation tools.
• Experience in managing intercompany transactions, eliminations, joint ventures, associates, and statutory audits.
• Strong analytical, problem-solving, communication, and stakeholder management skills.
• Demonstrated ability to coordinate teams, manage reporting deadlines, and drive process improvements.
• Proficiency in MS Excel, Word, and PowerPoint.

Preferred Industry Exposure:

Infrastructure or other large, diversified organizations with multiple subsidiaries and joint ventures.