Finance Specialist

Bigtec Labs, the research and development arm of Molbio Diagnosticsa global MedTech and in-vitro diagnostics (IVD) organization focused on innovative diagnostic technologiesis looking to hire a Financial Reporting and Audit Specialist

Period Close Ownership

• Design and maintain a robust month-end, quarter-end, and year-end close calendar including cut-off dates for journals, reconciliations, provisions, and reviews.
• Drive soft-close checkpoints to ensure mid-month readiness for review and early identification of anomalies.
• Monitor close progress frequently; escalate & drive bottlenecks to the Finance Controller promptly, ensuring no slippage in key deliverables.
• Consolidate and validate intercompany reconciliation, ensuring Trial Balance integrity monthly & before submission to group consolidation teams.
• Own and manage the Close Calendar & Period-End Communication to ensure seamless flow of close instructions, status updates, and escalation alerts to relevant stakeholders.
• Track requests and confirmations received from AP, AR, Treasury, Inventory, Fixed Assets, Tax, and other finance sub-functions, ensuring close deadlines are acknowledged and met.
• Flag and escalate delayed responses from any function impacting the agreed close calendar.

Audit & Internal controls:

• Own the Prepared-by-Client tracker, ensuring each item is delivered on time, correctly tied to general ledger, and with required substantiation.
• Coordinate walkthroughs, control testing, and sample requests with respective finance sub-functions.
• Maintain a structured and signed-off audit folder for each close, with all schedules, reconciliations, and commentary fully documented.
• Ensure compliance with Ind AS for all period-end accounting treatments.
• Validate statutory-ledger reconciliations and ensure cut-off adjustments comply with legal and regulatory guidance.
• Support preparation of statutory financial statements from final trial balance, linking disclosures to close results
• Facilitate monthly Balance Sheet control reviews with function owners, validating account balances against internal policies and supporting evidence.
• Highlight stale balances, uncleared items, and misclassifications for corrective action before close finalization.
• Maintain and update a checklist-driven Balance Sheet certification process for key risk accounts such as GR/IR, advances, prepaids, and deposits.
• Responsible for conducting process walkthrough to the concerned stakeholders on need basis on Period Close Process
• Identify ERP or reporting tool enhancements to improve close quality and speed e.g., auto-reversal logic for accruals, reconciliation automation, close tracker dashboards.
• Work with IT/ERP team to implement, test, and deploy close-related system improvements.
• Promote the use of standardized close templates and automation scripts to reduce manual intervention

Accounting Transactions Duplication & Omission Controls

• Review all period-end journals (accruals, provisions, deferrals, reclassifications, reversing entries) to ensure no duplication of entries across functions or periods.
• Implement omission checks by reconciling expected vs posted journals, using prior-period patterns, budget data, and closing checklists.
• Own high-judgement adjustments, estimates such as provisions for doubtful debts, inventory obsolescence, GR/IR corrections, prepaid amortizations, and cost allocations ensuring sound supporting documentation and audit defensibility.
• Monitor suspense accounts or clearing accounts and ensure timely reclassification or clearance in the same or immediately following close period.

Master Data Management (Close-Impact Critical)

• Review & Monitor the key finance master data changes (CoA mapping, cost centers, project codes) that affect period close, to prevent reconciliation mismatches or reporting distortions.
• Coordinate with ERP admins to ensure intercompany mapping, customer/vendor master, and tax codes are correctly set up for accurate close postings.
• Maintain a log of master data changes made during a period close window for traceability

Experience & Education qualification: CA with 4 to 5 years post qualification experience

• 45 years of relevant experience in period-end close activities and preparation of financial statements under the Ind AS framework.
• Hands-on working knowledge of internal financial controls (IFC) and related documentation/testing.
• Experience in supporting statutory and internal audits, including coordination with auditors and closure of audit queries.