IndAS IFRS Accounting & Reporting Role – Retail – CA

Human Frames; Gurugram District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

A global retail multinational is looking for a Chartered Accountant with 5 years of experience to manage finance operations. Responsibilities include preparing financial statements, conducting audits, and ensuring compliance with financial regulations. Candidates with a strong background in Ind-AS/IFRS and expertise in SAP and Excel are preferred. This position requires excellent relationship management and the ability to multitask effectively.

Qualifications

• 5 years of experience as a Chartered Accountant, no more than 8 years.
• Ability to manage relationships with multiple stakeholders.
• Strong multi-tasking and project management skills.
• Good knowledge of Ind-AS/IFRS.
• Prior experience in financial reporting, accounting and audits.
• Positive attitude and team player.

Responsibilities

• Manage finance operations across various responsibilities.
• Prepare financial statements in accordance with IND-AS.
• Conduct audits with Big 4 auditors.
• Facilitate control over financial reporting.
• Ensure accuracy in financial data and reporting.
• Support multiple departments with accounting information.

Skills

Relationship management

Multi-tasking

Project management

Knowledge of Ind-AS/IFRS

Strong knowledge of SAP

Strong knowledge of Excel

Fluent English

Education

Chartered Accountant

Tools

SAP

Excel

Job description

Overview

Request candidates from IT, Auditing firms and Big 4 to not to apply for this role. This opportunity is for a global retail multinational and we are looking for candidates only from business or corporate finance only. We prefer candidates from Retail, FMCG or other B2C organizations due to our retail business.

Responsibilities

• This position will cover a wide range of finance operations, including Fixed Assets management, Internal controls, Statutory Audit, ICoFR, Internal audit, Tax Audit, Monthly closing, Group reporting, Statutory accounting, etc. The candidate is also expected to support the team in daily finance operations.
• Follow FR’s global one policy and rule, while complying with local regulatory requirements.
• Prepare complete financial statements independently in accordance with IND-AS, accounting policies, notes to accounts (including related party schedule/disclosures, lease disclosure, FX exposure, MSME reporting, etc.).
• Conduct Statutory and Internal audits with Big 4 auditors within specified timelines. Independently execute planning, monitoring, PBC, and facilitate timely flow of information to auditors from finance and other departments.
• Assist auditors in testing of internal control over financial reporting (ICoFR), providing samples, arranging meetings with other departments, risk assessment, resolving queries, and satisfying operating effectiveness of ICoFR.
• Facilitate roll forward analysis for auditors.
• Month-end accounting and closure in accordance with Uniqlo group guidelines and IFRS by Business Day 7; balance sheet and P&L analysis and preparation of schedules.
• Quarterly group reporting, filing group checklists, and packages in accordance with books of accounts and balance sheet by Business Day 10.
• Finalize monthly accruals with all departments, calculate re-accruals by comparing invoices for previous month with budget to determine over/under spend, accrual for leave encashment, gratuity, bonus, etc.
• Review and ensure accuracy of prepaid expenses and monthly balances in balance sheet; review booking of store petty cash balances.
• Calculate potential inventory devaluation for next quarter considering stock movement and business performance.
• Calculate Right of Use asset and lease liability for every store and start amortization by handover date.
• Fair value calculation for security deposits and unwinding interest.
• Make return provisions and stock loss provisions monthly according to group guidelines/IFRS.
• Impairment testing for stores, provision for ARO, and interest amortization.
• Calculate purchase vs cost of goods sold with inventory movement.
• Fixed asset management and ownership of projects in coordination with other finance team members; regular discussion and coaching to all business functions and resolve their queries.
• Monitor fixed assets reporting regularly in asset management tool; conduct annual physical verification with business functions and account for discrepancies.
• Review fixed asset register prepared by team members and maintain according to Indian accounting standards.
• Booking salary journals in SAP and maintain YTD reconciliation for held salaries.
• Monthly FX run in SAP and reversal of FX on goods in transit.
• Cost allocation in Management ledger.
• Maintain reconciliation between Group ledger and local ledger for statutory accounting/reporting purposes.
• Maintain strong relationship with Store development, store operations, legal, IT, Merchandizing, and E-Commerce teams to complete all accounting, month-end and financial reporting tasks.
• Deferred tax calculation in accordance with Ind-AS and IFRS.
• Monthly Actual vs budget analysis.
• Inter-co movement schedule and reconciliation with vendor and expense ledgers.
• Assist other departments with accounting and financial information, verifying accounting disclosures in legal filings, MSME returns as per audited financial statements and books of accounts.
• Assist tax team with their requirements for financial information and help them understand the impact of accounting and IFRS transactions in tax filings.
• Handling global accounting and closing projects like Cadency implementation.

Qualifications and Experience

• Essential: Chartered Accountant with 5 years of experience. Please do not apply if you have more than 8 years of experience as our salary budget is structured only for the mentioned experience.
• Excellent relationship management and dealing with multiple stakeholders is essential for successful day-to-day operations.
• Multi-tasking and project management skills are MUST have.
• Good knowledge of Ind-AS/IFRS.
• Prior experience in financial reporting, accounting and audits.
• Strong knowledge of SAP and Excel.
• Humble and team player with a positive, problem-solving attitude. Able to engage with all stakeholders to reach solutions.
• Fluent English.

Desirable: Experience of retail business, especially apparel business.