AVP - Financial Reporting - Mumbai - Lodha (I - Think Techno Campus)

Main Accountabilities

1. Financial Reporting & Closures

• Lead monthly, quarterly, and annual financial closures
• Ensure accuracy, completeness and timelines of financial statements 
• Maintain alignment between books of accounts, MIS and disclosures

2. GL Control & Accounting Governance

• Oversee GL integrity across portfolios and business units

• Ensure appropriate accounting treatment in compliance with IndAS and IFRS
• Drive cleanup of aged / unreconciled balances

3. IND-AS Compliance & Disclosures

• Ensure adherence to IND-AS and  IFRS standards in financial reporting
• Review notes to accounts and disclosures for completeness and accuracy
• Support preparation of statutory financial statements and audit schedules

4. Regulatory Reporting (RBI & Others)

• Oversee preparation and submission of RBI returns and regulatory filings
• Ensure compliance with applicable regulatory requirements
• Manage ad-hoc data regulatory data request efficiently

5. Audit & Compliance Management

• Coordinate with Statutory Auditors, Internal Audit, IFC, and regulatory authorities
• Provide required schedules, reconciliations and explanations
• Ensure closure of audit observations with defined timelines

6. Business Accounting Oversight
• Validate revenue recognition, provisioning, and expense accounting
• Identify inconsistencies and implement corrective actions

7. MIS, Analytics & Management Reporting

• Review MIS reports and financial analytics
• Preparation of management and Board-level presentations
• Provide insights on financial performance and variances

8. Process Improvement & Controls

• Identify process gaps and strengthen internal controls
• Enhance governance to prevent misstatements and errors

• Drive standardization and best practices across accounting processes

9. Automation & System Enablement

• Champion automation initiatives in financial reporting and reconciliations. 

• Collaborate with IT for system enhancements (e.g., SAP, reporting tools). 

• Improve efficiency through system-driven controls and reporting

10. Consolidation & Group Reporting
• Lead consolidation of financial statements across entities, ensuring accuracy and completeness
• Ensure elimination of inter-company transactions and reconciliation of group balances
• Drive timely preparation of consolidated financials in compliance with IND-AS (Ind AS 110, 111, 28, etc.)
• Review consolidation adjustments, minority interest, and group-level disclosures
• Coordinate with business units and subsidiaries for standardized reporting and data submission
• Strengthen controls and automation around consolidation processes and group reporting