Manager - Corporate Finance /Financial reporting

Corporate Finance /Financial reporting

1. Journal Entry Management

Record and validate recurring and non-recurring journal entries (JEs) in ERP (e.g., SAP S/4HANA FB50/FB01/F-02).

Ensure proper GL coding, cost center tagging, and documentation for each entry though a regular and routine review of ledger and also suggesting the changes (if any) at the PR/PO level.

Monitor accruals for expenses (e.g., utilities, freight, employee benefits) and reverse them accurately.

Ensure journal entries comply with Ind AS and corporate accounting policies.

2. Intercompany & Related Party Accounting

Process intercompany transactions with holding company and sister subsidiaries (e.g., raw material transfers, services, royalties).

Reconcile intercompany balances monthly and resolve mismatches promptly.

Ensure arms length pricing, GST implications, and documentation for related party disclosures.

Coordinate with holding company for group-level consolidation timelines.

3. General Ledger (GL) Accounting

Maintain accurate and real-time updates of all GLs for each plant and the corporate entity.

Map cost centers and profit centers properly for granular tracking.

Perform monthly closing activities accruals, adjustments, reclasses.

Reconcile sub-ledgers (AP, AR, Fixed Assets, Payroll) with GL.

4. Month-End / Year-End Close (MEC/YEC)

Drive timely month-end and year-end closure as per corporate calendar.

Coordinate with FP\&A, SCM, HR, and Projects to ensure all adjustments are captured.

Validate trial balance, investigate unusual entries, and ensure cut-off accuracy.

Prepare and submit financial statements for consolidation into parent entity results.

Inventory:

Ensure that inventory are accounted for under appropriate ledgers (classification)

Monitor ageing of inventory and ensure that sufficient provision is provided for in the books

Review inventory valuation/revaluation and taken necessary provision/reversal of provisions

Prepare monthly reconciliations and reports for financial reporting

Compliance with Ind AS 2

5. Fixed Assets Reconciliation & Accounting

Reconcile fixed asset register with GL periodically.

Ensure capitalization, depreciation, and disposals are reflected accurately (SAP AFAB).

Account for CWIP movement, inter-plant transfers, and reclassifications.

Align asset accounting with Ind AS 16 and Companies Act Schedule II.

6. Balance Sheet Reconciliation & Control

Prepare monthly balance sheet schedules for key accounts (provisions, advances, deposits, taxes, etc.).

Investigate ageing items and ensure timely clearing of open items.

Provide audit-ready reconciliations with full supporting documents.

Maintain tracker for GLs with risks, actions, and ownership.

7. Statutory Financial Reporting (Standalone & Consolidated)

Prepare monthly, quarterly, and annual financials (P\&L, Balance Sheet, Cash Flow) in compliance with Ind AS.

Support consolidation under the listed parent entity as per SEBI and MCA requirements.

Ensure proper segment and geographical reporting (if applicable).

Coordinate with external auditors and corporate finance for disclosures, notes to accounts, and audit queries.

8. Compliance & Regulatory Reporting

Ensure books align with:

Companies Act, 2013, Ind AS

SEBI LODR regulations (for group-level consolidated reporting)

Support RBI/FEMA reporting (e.g., FLA, ECB) where applicable.

Ensure timely reporting of CSR spend, related party transactions, and statutory dues.

9. Internal Controls & Audit Support

Maintain proper documentation and SoD (Segregation of Duties) across finance functions.

Prepare audit trails for all closing entries, reconciliations, and adjustments.

Support internal, statutory, tax, and group auditors with reconciliations, workings, and analysis.

Address audit points and track closure through action plans.

10. Systems, Integration & Process Automation

Operate R2R processes using ERP (e.g., SAP S/4HANA, with Fiori dashboards).

Leverage automation tools for journal entry uploads, reconciliations, and close calendar monitoring.

Ensure master data hygiene in chart of accounts, cost centers, and plants.

Standardize processes across plants through shared services or corporate guidance.

Mandatory Skills:

Excel, PowerPoint, SAP, Product costing & Maintenance of Cost records; Power Bl will be an added advantage.

Good communication skills and story-telling ability connecting the dots.

Desired Skills:

Strong analytical and problem-solving skills.

Attention to detail and ability to prioritize tasks effectively.