Role & responsibilities

Senior Financial Specialist To manage and coordinate statutory audits, group audits, treasury operations, month-end closing activities, financial reporting, forecasting, transfer pricing compliance, and balance sheet reviews. The role is responsible for ensuring the accuracy, completeness, and timeliness of financial information, compliance with applicable statutory and group reporting requirements, effective cash flow management, and adherence to internal financial controls and company policies.

Key Responsibilities

1) Statutory Audit and Financial Statements

- Manage and coordinate the statutory audit process, ensuring timely completion in accordance with applicable statutory requirements and reporting deadlines.
- Prepare and finalize financial statements, cash flow statements, and schedules of assets and liabilities in coordination with the Finance Manager.
- Reconcile the trial balance with the finalized financial statements and SAP records to ensure accuracy and consistency.

2) Group Audit and IFRS Reporting

- Independently manage and coordinate the year-end group audit process as of December.

3) Treasury and Cash Management

- Manage banking facilities and coordinate with banks to ensure the smooth functioning of day-to-day treasury operations.
- Ensure timely completion of monthly, quarterly, and annual banking compliances and reporting requirements.
- Analyze cash flow requirements to support liquidity management and effective utilization of available funds.
- Coordinate the preparation, processing, and submission of customer and vendor Letter of Credit (LC) documentation.

4) Month-End Closing Activities





- Prepare and post recurring journal entries relating to treasury and other assigned accounting areas.
- Review foreign exchange accounting entries and validate realized and unrealized foreign exchange gains or losses.
- Prepare fixed deposit interest accrual workings and ensure accurate and timely posting of related journal entries.

5) Monthly Global Reporting

- Prepare and submit the monthly Net Financial Position (NFP) breakdown in accordance with group reporting requirements.
- Prepare and circulate daily cash position reports to support cash monitoring and liquidity management.
- Report credit facilities, banking limits, and compliance with applicable bank conditions.
- Prepare and review cash flow reports, highlighting significant movements, variances, and potential liquidity requirements.
- Ensure the accuracy, completeness, and timely submission of global financial and treasury reports.
- Coordinate with relevant stakeholders to validate reported information and resolve reporting discrepancies.

6) Financial Forecasting and Budget Monitoring

- Collect and verify financial forecast inputs received from Operations, Sales, and other relevant departments.
- Prepare fixed-cost forecasts in accordance with the approved budget and applicable assumptions.
- Prepare and circulate forecast updates three times per month, in line with the established reporting schedule.

7) Transfer Pricing and Tax Compliance





- Coordinate the preparation, review, and filing of applicable transfer pricing reports, forms, and supporting documentation in accordance with the Income-tax Act, 1961.
- Coordinate responses to tax assessment notices, prepare the required information, and liaise with external consultants for timely submission.

8) Balance Sheet Schedules and Monthly Analysis

- Prepare and maintain monthly balance sheet schedules, reconciliations, and supporting documentation for all assigned accounting areas.
- Perform monthly balance sheet reviews and submit the findings to the Finance Manager.

9) Quarterly Group IFRS Package

- Prepare and consolidate the quarterly IFRS reporting package in accordance with group reporting instructions and deadlines.

10). Internal Controls and Process Improvement

- Ensure adherence to internal financial controls, delegated authority limits, and company policies.
- Maintain appropriate records and support documentation for audit, compliance, and management review.

. Key Skills and Competencies

- Robust knowledge of financial accounting, financial reporting, and balance sheet reconciliations.
- Working knowledge of IFRS and group reporting requirements.
- Experience in statutory audits, group audits, and audit coordination.
- Knowledge of treasury operations, banking facilities, foreign exchange accounting, and cash flow management.
- Understanding of Indian tax compliance and transfer pricing reporting requirements.
- Proficiency in SAP and Microsoft Excel, with the ability to analyze financial data and prepare reports.
- Ability to manage multiple deliverables and meet strict reporting and compliance deadlines.

📌 Senior Finance Specialist | MNC Chemical industry | PUNE
🏢 Rekrut India
📍 Pune