Skill required: Record To Report - Financial Consolidation & Close Operations

Designation: Assistant Vice President - Record to Report Operations

Qualifications: BCom/MCom/Chartered Accountant

Years of Experience: 12 - 20 years

What would you do?

- You will be aligned with our Finance Operations vertical and will be helping us in determining financial outcomes by collecting operational data/reports, whilst conducting analysis and reconciling transactions.

- Record to Report (RTR) is the end-to-end finance and accounting process that covers the collection, processing, and reporting of financial data to provide a complete and accurate picture of business performance.

- It includes general ledger accounting, journal entry processing, account reconciliations, intercompany accounting, fixed assets management, financial close management, and statutory and management reporting.

- The goal is to ensure accurate, timely, and compliant financial statements in accordance with applicable accounting standards.

- Effective RTR operations underpin strong financial controls and support informed business decision-making.

- Design, implement, manage and support record to report and general ledger accounting activities for an organization by applying the relevant processes, policies and applications.

What are we looking for?

- Process-orientation with deep expertise in Record to Report and General Ledger accounting operations.

- Thought leadership in RTR transformation, financial close optimization, and reporting modernization.

- Corporate planning & strategic planning with focus on financial reporting integrity, close cycle efficiency, and controllership excellence.

- Risk management covering financial reporting risk, internal controls, audit exposure, and regulatory compliance.

- Ability to manage multiple stakeholders including controllership, FP&A, internal audit, external auditors, and senior business leadership.

- Should possess strong exposure to the end-to-end Record to Report (RTR) process including general ledger, period-end close, intercompany, fixed assets, and financial statements preparation.

- Must have prior experience in managing client relationships and leading large RTR and financial reporting teams effectively.

- Should be capable of acting as a Subject Matter Expert (SME) for RTR, providing guidance on complex accounting treatments, close issues, and financial reporting matters.

- Well-versed in process controls, including a strong understanding and practical experience with SOX controls related to financial close, journal entries, and account reconciliations.

- Strong knowledge of accounting standards including GAAP and/or IFRS, with the ability to interpret and apply standards to complex business transactions.

- Experience overseeing intercompany accounting, fixed assets accounting, and lease accounting (ASC 842 / IFRS 16) is highly desirable.

- Ability to govern the financial close calendar, drive on-time delivery of period-end close activities, and ensure quality of balance sheet reconciliations.

- Familiarity with RTR technology platforms such as SAP S/4HANA, Oracle Cloud Financials, BlackLine, or Cadency (Trintech) is highly preferred.

- Demonstrated ability to lead close cycle reduction initiatives, implement automation in journal entry and reconciliation processes, and drive continuous improvement in RTR operations.

- Experience with Airline business will bring added advantage.

Roles and Responsibilities:

- In this role you are required to identify and assess complex problems for area of responsibility within the Record to Report and Financial Reporting function.

- The person would create solutions in situations in which analysis requires an in-depth evaluation of variable factors including accounting policy judgements, complex transaction structures, and multi-entity consolidation requirements.

- Requires adherence to strategic direction set by senior management when establishing near-term goals for close cycle efficiency, reporting accuracy, and internal controls effectiveness.

- Interaction of the individual is with senior management at a client, involving matters that may require acceptance of an alternate approach on accounting treatment, reporting timelines, or audit findings.

- Some latitude in decision-making is involved, particularly on accounting policy application, materiality judgements, and escalation of audit or control issues.

- You will act independently to determine methods and procedures on new assignments related to RTR process design, financial close governance, and reporting transformation.

- Decisions made at this role have a major day to day impact on financial reporting accuracy, regulatory compliance, and the integrity of the general ledger.

- Oversee and govern end-to-end general ledger accounting operations including journal entry processing, account reconciliations, intercompany eliminations, and fixed asset accounting across client engagements.

- Lead period-end, quarter-end, and year-end financial close processes, ensuring timely delivery of trial balance, financial statements, and management reporting packs in accordance with close calendar commitments.

- Drive governance over statutory and regulatory reporting activities, ensuring compliance with applicable GAAP/IFRS standards and timely filing of financial statements.

- Engage with senior client stakeholders, internal and external auditors on accounting and reporting matters, providing technical guidance and leading audit readiness and support activities.

- The person manages large to medium sized teams and/or work efforts at a client.

- Please note that this role may require you to work in rotational shifts.

- BCom, MCom, Chartered Accountant