The Head of Financial Reporting is responsible for overseeing the preparation and presentation of accurate financial statements and reports in compliance with accounting standards and regulatory requirements. This role involves managing the financial reporting team, ensuring the integrity of financial data, and providing insights that support strategic decision-making.
Role and Responsibilities:
Financial Reporting:
Lead the preparation of monthly, quarterly, and annual standalone/consolidated financial statements in accordance with applicable IndAS, Companies Act, LODR and other applicable regulation to MIIs.
Ensure timely and accurate reporting of financial results including BU wise P&L to senior management and stakeholders.
Ensuring timely audit closure and independent resolution of audit queries.
Compliance and Governance:
Ensure compliance with all financial reporting regulations and standards, including regulatory filings e.g. LODR, Companies Act and FEMA.
Coordinate Internal/ external audits and manage relationships with auditors. BSE - INTERNAL
Team Management:
Supervise and mentor the financial reporting team and financial planning team promoting a culture of continuous improvement and professional development.
Conduct performance evaluations and provide training and development opportunities.
Analysis and Insights:
Analyse financial results and provide insights into variances, trends, and operational performance.
Ensuring detailed backup and reconciliation of all Trial Balance items.
Prepare and present financial analysis to senior management and the board of directors.
Process Improvement:
Identify opportunities to streamline financial reporting processes and improve accuracy and efficiency.
Implement best practices in financial reporting and reporting software.
Collaboration:
Collaborate with other departments (e.g., Accounts Payable, Receivable, Treasury, operations and other departments) to gather necessary data and provide financial guidance.
Collaborate with other Group Companies to facilitate timely and accurate Consolidation of Group Financial reports.
Support strategic initiatives by providing relevant financial insights and analysis.
Policy Development:
Develop and maintain financial reporting policies and procedures to ensure consistency and compliance.
Stay updated on changes in financial regulations and reporting standards.
Necessary Skills:
CA/ICWA.
10 years of relevant experience, preferably in capital market/financial service industry.
Strong understanding of IndAS, LODR and other applicable regulations.
Proficiency in financial reporting software and ERP systems
Good understanding of Capital Market/financial services
Experience of generating Business Unit wise financial results including cost/expenses apportionment across various projects in multi department setup.
Strong communication and interpersonal skills, with the ability to present complex information clearly.
Analytical Ability and detailed oriented.
Expertise knowledge of MS Excel.