Manager- CFS

Talent Hired-the Job Store; Jajpur; On-site; INR 2,000,000 - 4,000,000; Full time

Job summary

Talent Hired-the Job Store seeks an experienced Finance & Accounts professional specializing in Consolidation of Financial Statements (CFS). The role covers consolidating domestic and international subsidiaries, ensuring IFRS/Ind AS compliance and robust group reporting.

You will manage intercompany reconciliations, currency translation, and elimination entries while coordinating with overseas teams for timely data submission and reporting to statutory bodies.

Qualifications

• CA/CPA/ACCA or equivalent professional qualification.
• 5+ years of hands-on Consolidation of Financial Statements (CFS).
• Experience consolidating foreign subsidiaries across jurisdictions.
• Multinational/large corporate group experience preferred.

Responsibilities

• Prepare monthly, quarterly, and annual Consolidated Financial Statements (CFS) for the Group.
• Consolidate statements of domestic and international subsidiaries, joint ventures, and associates.
• Ensure compliance with Ind AS, IFRS, and applicable GAAP.
• Perform foreign currency translation per accounting standards.
• Eliminate intercompany transactions and balances during consolidation.
• Review subsidiary statements for accuracy and group reporting compliance.
• Coordinate with overseas finance teams for timely financial submissions.
• Prepare consolidation journals, schedules, disclosures, and management reports.
• Support statutory and internal audits and regulatory reporting.
• Assist in budgeting, variance analysis, and group-level planning.
• Ensure internal controls and governance policies are followed.
• Participate in ERP implementations and finance transformation projects.

Skills

Consolidation of Financial Statements

Intercompany Reconciliations

Foreign Currency Translation

Group Reporting

Financial Close

Advanced Excel

ERP Systems

Education

CA / CPA / ACCA

Tools

SAP

Oracle

Microsoft Dynamics

SAP BPC

Oracle FCCS

Hyperion HFM

OneStream

Cognos

Job description

Job Summary

We are seeking an experienced Finance & Accounts professional with strong expertise in the Consolidation of Financial Statements (CFS), including the consolidation of foreign subsidiaries. The ideal candidate should possess in-depth knowledge of accounting standards, financial reporting, intercompany reconciliations, foreign currency translation, and group reporting.

Key Responsibilities

• Prepare monthly, quarterly, and annual Consolidated Financial Statements (CFS) for the Group.
• Consolidate financial statements of domestic and international subsidiaries, joint ventures, and associate companies.
• Ensure compliance with applicable accounting standards such as Ind AS, IFRS, and relevant GAAP requirements.
• Perform foreign currency translation in accordance with applicable accounting standards.
• Eliminate intercompany transactions, balances, unrealized profits, and investments during the consolidation process.
• Review subsidiary financial statements for accuracy, completeness, and compliance with group reporting requirements.
• Coordinate with finance teams of overseas subsidiaries to ensure timely submission of financial information.
• Prepare consolidation journals, schedules, disclosures, and management reports.
• Support statutory audits, internal audits, and regulatory reporting related to consolidated financial statements.
• Assist in financial planning, budgeting, and variance analysis at the group level.
• Ensure adherence to internal controls and corporate governance policies.
• Participate in finance transformation initiatives, ERP implementation, and process improvements related to financial consolidation.

Required Qualifications

• Chartered Accountant (CA) / CPA / ACCA or equivalent professional qualification.

Experience

• 58 years of relevant experience in Finance & Accounts.
• Minimum 5 years of hands‑on experience in Consolidation of Financial Statements (CFS).
• Proven experience in consolidating financial statements of foreign subsidiaries across multiple jurisdictions.
• Experience in multinational companies or large corporate groups is preferred.

Required Technical Skills

• Expert‑level knowledge of Consolidation of Financial Statements (CFS).
• Strong understanding of Ind AS, IFRS, and consolidation principles.
• Expertise in foreign currency translation and consolidation adjustments.
• Strong knowledge of intercompany reconciliations and eliminations.
• Experience with group reporting packages and financial close processes.
• Proficiency in ERP systems such as SAP, Oracle, Microsoft Dynamics, or similar platforms.
• Advanced Microsoft Excel skills (Power Query, Pivot Tables, Lookups, Financial Models).
• Experience with consolidation/reporting tools such as SAP BPC, Oracle FCCS, Hyperion HFM, OneStream, or Cognos is preferred.

Key Competencies

• Analytical and problem‑solving skills.
• Strong attention to detail.
• Excellent communication and stakeholder management.
• Ability to manage multiple reporting deadlines.