Job Description – Cost Assurance Analyst / Manager
Company: JioStar
Department: Finance – Cost Assurance
Location: Mumbai
Experience: 7–10 Years
Qualification: CA Inter / MBA (Finance)
About the Role
JioStar is looking for a detail-oriented and analytical finance qualified to join the Cost Assurance team. The role will be responsible for ensuring accurate accounting, timely financial closures, cost controls, reconciliations, reporting, and process improvements while partnering with various business and finance stakeholders.
Key Responsibilities
Financial Closing & Accounting
- Support monthly, quarterly, and annual book closure activities in accordance with accounting policies and timelines.
- Prepare, review, and post accrual journal entries to ensure accurate expense recognition.
- Monitor and validate cost provisioning to ensure completeness and accuracy of financial records.
- Review and clear aged accruals, GR/IR balances, and other outstanding accounting items in a timely manner.
Invoice Processing & Cost Management
- Oversee end-to-end invoice processing and ensure adherence to internal controls and approval workflows.
- Track invoice status and coordinate with business and commercial teams for timely processing and resolution of issues.
- Ensure proper accounting treatment and documentation of expenses.
Reconciliations & Compliance
- Perform Related Party Transaction (RPT) reconciliations and ensure accurate reporting.
- Conduct periodic TDS and GST reconciliations and coordinate with tax teams for resolution of discrepancies.
- Ensure compliance with internal policies, accounting standards, and statutory requirements.
MIS & Financial Analysis
- Prepare monthly and quarterly MIS reports for management review.
- Perform variance analysis against budgets, forecasts, and prior periods, highlighting key business drivers and risks.
- Provide actionable insights to stakeholders for effective decision-making.