Controls and Reporting is an significant function which works very closely with sector and India region Finance function to ensure timely and accurate submission of results, anchors audits (Statutory, USGAAP, Tax Audit, Transfer Pricing Audit, Corporate Audits), leads the overall simplification agenda within controls for India Region.
The incumbent plays a critical role within the control organisation. Then incumbent works with internal and external stakeholders including other Finance operations, commercial and planning teams, Internal Audit team, External Statutory, tax and USGAAP auditors, Corporate Auditors and IBM. Incumbent would ensure timely submission of quarterly Ind-AS compliant financials; improvement, standardisation and simplification of processes and closure of annual statutory audit.
Responsibilities
Key Accountabilities:
Key deliverables for this role includes:
• Review and finalisation of Annual Ind AS compliant standalone and consolidated financials along with notes to accounts and relevant disclosures
• First person responsible for closing statutory accounts and coordinating with statutory audit for specific legal entities
• Preparation of quarterly Ind AS compliant financial results
• Assist Region Controller/ Control & Reporting Associate Director in aspects of technical accounting and reporting aspects for Indian accounting
• Drive process compliance and controls execution at the reporting function related to Statutory audit
• Support compliance to quarterly reporting calendar and checklist by ensuring timely and accurate closure of quarterly financials
• Preparation of Gratuity, LE and Bonus calculation and true up entries based on actuarial reports
• Support the cross functional teams in its calendar and closing checklist compliance
• Preparation of schedules for and closure of Tax audit and Transfer pricing audit within the timelines
• Preparation of advance tax calculation of the legal entities