Skills & Competencies
Book Closure
Financial reporting as per international / Indian accounting standards
Basics of fair valuation accounting
- Consolidation & validation of accounts
- Financial reporting and auditing
- Management reporting
- Cross department information sharing (mainly with compliance, finance and tax)
Financial Reporting & Controlling
- Financial reporting for the assigned standalone entities and group reporting under the International Financial Reporting Standards. International Accounting Standards
- Monitor and update accounts in SAP system and databases and ensure regular financial reporting and analysis of accounts on every transactions
- Produces regular financial reporting and analysis for review by Head Accounts
- Provide timely and accurate monthly, quarterly and year-end closing reporting according to Essar Group’s policies
- Maintain systems for prompt and accurate collection of financial and accounting information
- Ensure consistent application of accounting standards and International standards in financial reporting
- Ensuring effective control framework for recording & reporting transactions in a timely manner
- Compliance & Audit
- Provide support in conducting the annual audits and review the annual reports conducted by compliance team and external agencies and identify any challenges / bottleneck and report it to the Head Accounts
- Ensure compliance through effective accounting controls and financial management, in line with defined delegation of authority
- Ensure that the financial processes are compliant with the statutory, regulatory and corporate governance requirements.
- Ensure the timely and accurate processing of payments to staff, suppliers and service providers
- Advise the Head Accounts with regards to regulatory requirements and any other matters of concern in relation to compliance for suitable action
- Provide financial information for the compliance reports to be filed and ensure Zero default in regulatory filings
- Provide information for the tax assessment to tax team.
KPIs
- Accurate maintenance of the accounting books
- Accuracy of financial reports
- Timely submission of external audits
- Timely submission of information for Compliance with external requirements
Job description provided by Essar Capital.
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