Sr Team Member- Group Consolidation

Cipla; Mumbai; Vor Ort; INR 1.800.000 - 2.500.000; Vollzeit

Zusammenfassung

Cipla in Mumbai seeks an experienced Corporate Accounts professional to drive closing activities, standardise reporting formats, and coordinate with auditors for quarterly and annual submissions. You will liaise with stakeholders, oversee BSR improvements, and drive automation of key financial reports while ensuring compliance with accounting standards.

Role requires strong attention to detail, ability to manage multiple subsidiaries, and collaboration with cross-functional teams to deliver

Aufgaben

• Prepare the closing schedule in advance for circulation.
• Plan activities and account provisions based on closing schedule with regular follow-up.
• Monitor adherence to timelines by designing formats to save time.
• Facilitate the Controller forum to review and improve the hygiene of SAGA Group Subsidiaries' financial statements.
• Conduct and facilitate controller forum on a periodic basis.
• Enhance the rigour of Balance Sheet Review (BSR) and target automation.
• Monitor execution of action points from the forum.
• Finalisation of significant transactions report for audit committee approval and review.
• Prepare and finalise loan/investment utilisation summaries on a quarterly basis for audit committee.
• Liaise and resolve audit queries to ensure compliance and error-free reporting; support annual report proofreading.
• Coordinate with statutory auditors, discuss findings and respond to queries.
• Provide data points from other stakeholders to auditors.
• Liaise with auditors for LR report and quarterly/annual audit reporting.
• Prepare disclosures of financial statements for assigned areas as per accounting standards.
• Consolidate manuscripts from different contributing teams.
• Proofread data against manuscripts and incorporate parallel-team feedback.
• Liaise with printer for changes and correct errors.
• Contribute to new system implementation and automate reports and MIS.
• Take initiative to improve system functions.
• Suggest changes to SAP/BPC/Finalyzer/Power BI and reporting formats.
• Provide inputs and participate in testing/implementation of automation tools.
• Mentor accountants to resolve queries and promote standard practices.
• Assist accountants to resolve accounting queries.
• Standardise formats and reconciliations on a timely basis.
• Check APR, foreign liabilities and assets filings before submission.
• Review SAGA Group Subsidiaries’ financials monthly for accuracy.
• Review subsidiary financials monthly/quarterly with GL-level variance notes.
• Ensure intercompany transactions accounting and reconciliation.
• Coordinate and finalise audit and accounting for subsidiaries for group consolidation.
• Coordinate with subsidiaries to ensure timely year-end consolidation.
• Finalise audits for subsidiaries without qualifications.
• Ensure signed financials match trial balances for consolidation.
• Review standalone financial statements of allocated entities for monthly/quarterly/annual consolidation.
• Prepare consolidation adjustments (Ind AS 116, unrealised profit elimination) and post in BPC.
• Review allocated entities’ financials from statutory/compliance standpoints yearly.
• Benchmark industry practices for accounting notes & policies annually.
• Perform first-level review of related party disclosures for stock-exchange filings.

Jobbeschreibung

Job Purpose

Prepare and present financials within the Corporate Accounts function as per requirements specified by relevant stakeholders and Senior Management internally for enabling better decision-making and also for statutory compliances

Key Accountabilities (1/6)

Ensure standardisation of closing calendar and design templates and drive evaluation of SAGA Group financials for BSR review to ensure accurate trial balance

• Prepare the closing schedule well in advance for circulation
• Plan activities and account provisions based on closing schedule through regular and early follow up of activities.
• Monitor adherence to timelines by designing formats wherever possible to save on time.
• Facilitate Controller forum to review and improve the hygiene of the financial statements of SAGA Group Subsidiaries
• Conduct and facilitate controller forum on periodic basis
• Improve the rigour of Balance sheet review (BSR) and target automation to improve the same
• Monitor the execution of action points agreed upon in the forum.

Key Accountabilities (2/6)

Preparation of Audit committee deliverables

• Finalisation of significant transactions report for approval and review in audit committee.
• Preparation and Finalisation of loan/investment utilisation summary on quarterly basis for review and approval in audit committee.
• Liaise and resolve audit queries to achieve full compliance and nil re-raised queries and ensure proof reading annual report prepared annually to achieve error free reporting.
• Liaise with statutory auditors, engage in discussions and respond to close out their queries as and when received.
• Help them with the relevant contact points to facilitate them the data from other stakeholders
• Liaison with auditors for LR report and audit report for quarter / annual results publishing'

Key Accountabilities (3/6)

Assist in the preparation of Annual report, engage in proofreading to achieve error-free reporting

• Prepare disclosures of financial statement for assigned areas as prescribed by accounting standards
• Consolidate manuscripts from different contributing teams
• Proof read data against manuscripts, discuss with parallel teams and accommodate suggestions
• Liaise with printer for incorporation of changes and correction of erorrs
• Contribute in new system implementation and drive automation of various reports and activities to bring in system & MIS improvements
• Take initiative to contribute towards improvisation of system functions
• Suggest changes/modifications to SAP/BPC/Finalyzer/Power BI and other reporting formats
• Provide inputs, participate in testing and implementation of automation tools

Key Accountabilities (4/6)

Mentor accountants to resolve accounting queries and also guide to achieve standard practices and processes

• Assist to accountants to resolve queries on accounting
• Guide and help to standardise formats and reconciliations on a timely basis
• Checking of all Annual Performance Report (APR), Foreign liabilities and Asset (FLA) and other filling to regulatory authority before submission.

Key Accountabilities (5/6)

• Review SAGA Group Subsidiaries Financials and Analysis on Monthly basis in order to ensure correctness of financials
• Review of subsidiary financials on monthly and quarterly basis at GL level for variance comments to include in P/L and balance sheet deck shared with GCFO/GCEO and audit committee.
• Ensuring Intercompany transactions accounting and reconciliation.
• Co-ordination / Finalisation of audit and accounting of all subsidiaries (SAGA Group Entities) for group financial statements consolidation
• Co-ordination with various subsidiaries for finalisation of accounts on time for proper consolidation
• Finalisation of audit for all subsidiaries within time without qualification
• Ensuring all signed financial are received and tallied with trial balance submitted for consolidation at year end.

Key Accountabilities (6/6)

Support consolidation procedures to ensure statutory compliance, financial reporting & publishing

• Review standalone financial statements of allocated entities of the Group for closing of monthly / quarterly / annual consolidated financial reporting.
• Preparing an consolidation adjustment working including Ind AS 116, Unrealised profit elimination etc. and post the same in BPC.
• Review financials of allocated entities from statutory and compliance standpoint on annual basis.
• Benchmark industry practices on an annual basis for significant accounting policies and notes to accounts in the financial statements.
• Complete first level review of related party disclosure of allocated subsidiaries prepared on half year basis for filling to stock exchange.