Lead COE Accounting

Job Purpose

Drive efficient financial statement close process for designated entities covering specific Business units and Geographies. Support Lead -Group Financial accounting and reporting in overall financial reporting, review audit and disclosures. Enhance Centre of Excellence (Accounting) function within Cipla to improve and maintain the quality of financial reporting by adopting best in class practices and establish a strong collaboration with Business Units, Business Finance, Operations and M&A in financial accounting advisory and due diligence processes.

Key Accountabilities

Conduct technical accounting research to facilitate correct recording of accounting transactions that provide true and fair view to all stakeholders

Provide qualitative technical solution to complex accounting issues and advisory on proposed transactions • Ensure compliance with GAAP and other statutory requirements. • Alignment with auditors on accounting stand taken by the management • Review of accounting opinion prepared by team members and ensure timely response to stakeholders.

Facilitate Controller forum to improve the hygiene of the financial statements

Conduct and facilitate controller forum on periodic basis. • Monitor the execution of action points agreed upon in the forum. • Ensure cross-functional support to close out on action points.

Develop (1) Learning and Development & (2) Tracking practices within finance function to make knowledge of employees more relevant.

Conduct periodic training seminars on relevant accounting subjects within finance fraternity such as ICAI CPE study circle etc. • Tracking and briefing team members of developments related to Ind-AS, EAC opinions and other cross functional areas on regular on-going basis • Sharing of accounting updates within finance function on periodic basis. • Tracking and analysing of annual reports, quarterly updates, media releases, analyst presentations, audit reports, etc. of BSE top 30 and other Indian/global peer companies

Completion of statutory Audit/ quarterly review without any qualification for statutory compliance and IFC compliances for FSCP

Manage Quarterly review by statutory auditors • Manage Annual audit without qualification by statutory auditor • Completion of FSCP related IFC compliances • Manage Quarterly FSCP internal audit without qualification.

Plan Value added and change management projects well in advance to increase vibrancy of the finance function

Based on the priority of the top management, enter into at least one value added project every year. • Monitor and ensure smooth transaction of any change management project undertaken • Illustrative list of these projects Preparation of SOP, Automation of MAT cost validation, Annual report notes / disclosures standardization and compilation tool, etc.

Co-ordination / Finalisation of audit and accounting of all subsidiaries (foreign and domestic) for group financial statements consolidation

Co-ordination with various subsidiaries for finalisation of accounts on time for proper consolidation • Finalisation of audit for all subsidiaries with in time without qualification

Provide support to M&A team for pre/ post M&A deals and integration related work Support M&A team for accounting related matters ongoing basis • Manage integration related work post acquisition • Align policies with acquired/merged entities for proper consolidation

Support consolidation procedures to ensure statutory compliance, financial reporting & publishing (handle SAGA region and Domestic subsidiaries).

Review standalone financial statements of allocated entities of the Group for closing of monthly / quarterly / annual consolidated financial reporting. • Review financials of domestic entities from statutory and compliance standpoint on annual basis. • Benchmark industry practices on an annual basis for significant accounting policies and notes to accounts in the financial statements. • Liaison with auditors for LR report and audit report for quarter / annual results publishing. • Preparation of Consolidated Annual Financial statement • Co-ordinate with printer for annual report printing. • Complete first level review of related party disclosure prepared on half year basis for filling to stock exchange. • Co-ordinating with statutory auditor for clearance on same

Provide support to CS team for the compliance filling related to financial statement of the Group/ financial statements of subsidiary entities.

Co-ordinate with CS team/ External Vendor for annual report XBRL filling • Co-ordinate with subsidiary entity finance controllers and CS team for validation of financial information to be submitted to ROC in FLA return or other compliance returns etc.

Preparation of Audit committee deliverable on quarterly basis

Prepared and finalized quarterly Significant Accounting Matters (SAM) presentations, ensuring timely alignment and agreement with statutory auditors on key accounting judgments and conclusions. • Prepared and reviewed significant subsidiary transactions for submission to the Audit Committee, supporting effective governance and oversight.