Sr Team Member- Group Consolidation

Job Purpose

Prepare and present financials within the Corporate Accounts function as per requirements specified by relevant stakeholders and Senior Management internally for enabling better decision-making and also for statutory compliances

Key Accountabilities (1/6)

Ensure standardisation of closing calendar and design templates and drive evaluation of SAGA Group financials for BSR review to ensure accurate trial balance

• Prepare the closing schedule well in advance for circulation
• Plan activities and account provisions based on closing schedule through regular and early follow up of activities.
• Monitor adherence to timelines by designing formats wherever possible to save on time.
• Facilitate Controller forum to review and improve the hygiene of the financial statements of SAGA Group Subsidiaries
• Conduct and facilitate controller forum on periodic basis
• Improve the rigour of Balance sheet review (BSR) and target automation to improve the same
• Monitor the execution of action points agreed upon in the forum.

Key Accountabilities (2/6)

Preparation of Audit committee deliverables

• Finalisation of significant transactions report for approval and review in audit committee.
• Preparation and Finalisation of loan/investment utilisation summary on quarterly basis for review and approval in audit committee.
• Liaise and resolve audit queries to achieve full compliance and nil re-raised queries and ensure proof reading annual report prepared annually to achieve error free reporting.
• Liaise with statutory auditors, engage in discussions and respond to close out their queries as and when received.
• Help them with the relevant contact points to facilitate them the data from other stakeholders
• Liaison with auditors for LR report and audit report for quarter / annual results publishing'

Key Accountabilities (3/6)

Assist in the preparation of Annual report, engage in proofreading to achieve error-free reporting

• Prepare disclosures of financial statement for assigned areas as prescribed by accounting standards
• Consolidate manuscripts from different contributing teams
• Proof read data against manuscripts, discuss with parallel teams and accommodate suggestions
• Liaise with printer for incorporation of changes and correction of erorrs
• Contribute in new system implementation and drive automation of various reports and activities to bring in system & MIS improvements
• Take initiative to contribute towards improvisation of system functions
• Suggest changes/modifications to SAP/BPC/Finalyzer/Power BI and other reporting formats
• Provide inputs, participate in testing and implementation of automation tools

Key Accountabilities (4/6)

Mentor accountants to resolve accounting queries and also guide to achieve standard practices and processes

• Assist to accountants to resolve queries on accounting
• Guide and help to standardise formats and reconciliations on a timely basis
• Checking of all Annual Performance Report (APR), Foreign liabilities and Asset (FLA) and other filling to regulatory authority before submission.

Key Accountabilities (5/6)

• Review SAGA Group Subsidiaries Financials and Analysis on Monthly basis in order to ensure correctness of financials
• Review of subsidiary financials on monthly and quarterly basis at GL level for variance comments to include in P/L and balance sheet deck shared with GCFO/GCEO and audit committee.
• Ensuring Intercompany transactions accounting and reconciliation.
• Co-ordination / Finalisation of audit and accounting of all subsidiaries (SAGA Group Entities) 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 within time without qualification
• Ensuring all signed financial are received and tallied with trial balance submitted for consolidation at year end.

Key Accountabilities (6/6)

Support consolidation procedures to ensure statutory compliance, financial reporting & publishing

• Review standalone financial statements of allocated entities of the Group for closing of monthly / quarterly / annual consolidated financial reporting.
• Preparing an consolidation adjustment working including Ind AS 116, Unrealised profit elimination etc. and post the same in BPC.
• Review financials of allocated 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.
• Complete first level review of related party disclosure of allocated subsidiaries prepared on half year basis for filling to stock exchange.