Job Description

Overall Purpose of the Job - Why does this role exist?

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JSW Energy is seeking a seasoned finance skilled to lead the Core Consolidation function at the corporate level. The role will be responsible for managing the consolidation and financial reporting of a complex group structure comprising 100+ Special Purpose Vehicles (SPVs), subsidiaries, joint ventures, and associate entities .

The incumbent will play a critical role in ensuring timely and accurate consolidated financial statements, driving reporting excellence, performing in-depth variance analysis, and strengthening governance across the Group's finance ecosystem.

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The ideal candidate should possess strong expertise in financial consolidation, group reporting, Ind AS, statutory compliance, and stakeholder management, with the ability to manage large-scale consolidation processes in a diversified business environment.

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Key Result Areas:

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Group Financial Consolidation

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- Lead the end-to-end consolidation of financial statements for 100+ SPVs,subsidiaries, jointventures, andassociate companies .

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- Prepare monthly, quarterly, half-yearly, and annual consolidated financial statements in compliance with Ind AS and applicable regulatory requirements.

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- Ensure timely collection, review, and validation of financial data from all group entities.

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- Review inter-company transactions, reconciliations, eliminations, and consolidation adjustments.

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- Ensure completeness and accuracy of consolidation schedules, disclosures, and supporting documentation.

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- Coordinate with finance teams across various business units to ensure adherence to reporting timelines.

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Financial Reporting & Governance

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- Oversee group-level financial reporting and management reporting requirements.

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- Ensure compliance with accounting standards, SEBI regulations, Companies Act provisions, and auditor requirements.

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- Review accounting treatment for complex transactions, acquisitions, mergers, restructurings,



and investments.

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- Support preparation of annual reports, board presentations, investor reporting, and audit committee submissions.

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- Establish standardized reporting frameworks and governance mechanisms across entities.

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Variance Analysis & Management Reporting

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- Lead detailed variance analysis of financial performance against budgets, forecasts, and previous periods.

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- Analyze key movements in revenue, EBITDA, operating costs, working capital, cash flow, and balance sheet items.

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- Identify underlying business drivers impacting consolidated performance.

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- Develop actionable insights for senior leadership to support decision-making.

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- Prepare management dashboards and executive reports highlighting critical trends and risks.

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Consolidation Excellence & Process Enhancement

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- Drive continuous improvement initiatives in consolidation and reporting processes.

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- Strengthen consolidation controls and reporting accuracy through automation and standardization.

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- Identify opportunities for process optimization and reporting efficiency.

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- Support implementation and enhancement of consolidation tools, ERP systems, and reporting platforms.

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- Develop and monitor consolidation KPIs and reporting metrics.

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Audit & Compliance Management

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- Act as the primary liaison for statutory auditors, internal auditors, and regulatory authorities for consolidation-related matters.

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- Ensure timely closure of audit queries and implementation of recommendations.

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- Review compliance with financial reporting standards and internal control requirements.

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- Support due diligence exercises, restructuring projects, and regulatory filings.

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Stakeholder Management

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- Collaborate closely with Corporate Finance, Treasury, Taxation, Business Finance, Secretarial, and Internal Audit teams.

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- Engage with CFOs, Finance Controllers, and leadership teams across group companies.

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- Provide strategic guidance on consolidation matters and complex accounting issues.

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Present consolidated financial insights and business performance updates to senior management.

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Educational Background and Work Experience:

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Educational Qualification

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- Chartered Accountant (CA) – Mandatory.

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- Additional certifications in Financial Reporting, IFRS, or Finance Transformation will be preferred.

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Experience

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- 18–22 years of progressive experience in Financial Consolidation, Group Reporting, Corporate Finance, or Financial Controllership.

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- Proven experience handling consolidation of largeconglomerates withmultiple subsidiaries/SPVs (100+entities preferred).

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- Experience in listed organizations, power, energy, infrastructure, manufacturing, or large diversified groups preferred.

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- Strong exposure to complex consolidation structures, mergers, acquisitions, and restructuring activities.

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Technical Competencies

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- Expert knowledge of IndAS, Consolidation Accounting, and Financial Reporting Standards .

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- Deep understanding of group reporting, inter-company eliminations, and consolidation procedures.

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- Strong expertise in variance analysis and management reporting.

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- Hands-on experience with SAP, Oracle, Hyperion, BPC, HFM, One Stream, or similar consolidation platforms.

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- Advanced financial modelling and analytical skills.

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Strong understanding of corporate governance and regulatory compliance requirements.

📌 Associate Vice President - Accounts (Consolidation) (Mumbai)
🏢 JSW Energy
📍 Mumbai