Financial Reporting Team Lead

Lava International; Dadri; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Lava International is seeking an experienced Sr. Finance Manager to oversee all aspects of financial management, including corporate accounting, financial reporting, budget and forecast preparation, and internal control policies.

You will lead consolidation of subsidiaries, perform variance analysis, ensure regulatory compliance, coordinate with auditors, and drive finance automation (SAP and process improvements) across the group.

Qualifications

• Ability to provide financial insights based on business operations and market trends.
• Strong knowledge of accounting principles, Ind-AS or IFRS.
• Experience in management of finance teams and policy development.

Responsibilities

• Prepare financial statements per Ind-AS and company laws.
• Consolidate financials of multiple subsidiaries (domestic and foreign).
• Perform variance analysis of P&L and balance sheet items.
• Advise CFO on accounting policy changes and internal controls.
• Coordinate MIS across subsidiary finance functions and ensure regulatory compliance.
• Support automation projects in SAP and process improvements.
• Oversee books for local subsidiary companies.

Skills

Business acumen

Accounting expertise

People management

Tools

SAP

Job description

Role & responsibilities

We are looking for an experienced Sr. Finance Manager, to undertake all aspects of financial management, including corporate accounting, and financial reporting, budget and forecasts preparation, as well as advising on development of internal control policies and procedures.

• Hands on in preparation of Financial Statement as per Ind-As, and company Laws requirement, also interact with the statutory auditors of the company.

• Hands on Consolidation of Financial Statements of multiple foreign and domestic subsidiaries as per Ind-As, and other regulatory requirement.

• Preparation of Variance Analysis of P&L and Balance Sheet Items and submit to senior management or to the board of directors.

• Staying informed of industry trends and developments in accounting and finance, advising to CFO, for changes in accounting policies of the company.

• Coordination with all subsidiary finance functions for MIS and other requirement as per compliance/management.

• Ensuring compliance and other relevant regulations and laws, including the preparation of financial statements and other reports that are required for external auditing and regulatory compliance

• Supporting the automation projects of accounts, finance and in SAP and other process improvements

• Supervision and responsibility of books and accounts for local subsidiary companies

Preferred candidate profile

• Business Acumen:
• Understanding the company's overall business operations, market dynamics, and industry trends to provide valuable financial insights and recommendations and people management skills
• Accounting Expertise:
• Strong knowledge of accounting principles, practices, and standards. This includes expert knowledge of Indian Accounting Standard (Ind-As) or International Financial Reporting Standards (IFRS).

Cash Flow Management and Financial Operations

• Manage day-to-day financial operations, including accounts payable, accounts receivable.
• Review financial transactions to ensure accuracy and proper authorization

Financial Reporting and Analysis:

• Prepare and present accurate and timely financial statements, including income statements, balance sheets, and cash flow statements.
• Analyze financial data and provide insights into the company's financial performance, trends, and areas for improvement.
• Implement and maintain a robust financial reporting system that adheres to accounting standards and regulatory requirements.
• Knowledge of internal control procedures and regulations to ensure compliance with relevant laws and accounting standards. This involves safeguarding company assets and maintaining accurate records.