Manager - Financial Reporting & Financial Statement Preparation

Job Description:

Position / Job Title- Manager - Financial Reporting and Financial Statement Preparation

Reporting To (Title) - Head Accounting / Head Project Accounting

Superior's Superior (Title) Financial Controller

Location : Mumbai

Business Renewable Energy Business

Job Purpose:

- The Financial Reporting and Financial Statement preparation Manager at a renewable energy business is a crucial role in ensuring the accuracy and transparency of financial information.

- This position is responsible for managing the consolidation of financial data from various entities within the organization, preparing financial statements, and ensuring compliance with regulatory requirements.

- This position offers a unique opportunity to contribute to the growth and success of our renewable energy business.

Principal Accountabilities:

Financial Reporting:

- Prepare and analyze financial statements, including income statements, balance sheets, and cash flow statements.

- Ensure financial reports are accurate, timely, and compliant with relevant accounting standards (e.g, IFRS or GAAP).

- Present financial reports to senior management, stakeholders, and regulatory authorities.

Financial Statements consolidation

- Manage the consolidation of financial data from various business units, subsidiaries, and joint ventures.

- Implement and maintain consolidation systems and processes to ensure data accuracy and consistency.

- Reconcile intercompany transactions and eliminate any discrepancies.

- Analyze financial data to identify trends, variances, and key performance indicators.

- Provide insights to management for strategic decision-making.

Audit Coordination:

- Lead, support and manage external audits conducted by independent auditors.

- Ensure propoer documentation during the audit process.

- Address audit findings, prepare plan to mitigate risks identified and implement corrective actions to strengthen financial controls and reporting.

Financial Analysis:

- Conduct in-depth financial analysis to identify trends, variances, and areas for improvement.

- Provide insights and recommendations to senior management for strategic decision-making.

Regulatory Compliance:

- Ensure compliance with all applicable financial regulations and reporting requirements in the renewable energy industry.

- Coordinate with external auditors to facilitate the annual audit process.

- Stay up-to-date with industry-specific regulations and adapt reporting processes accordingly.

Process Improvement:

- Continuously assess and improve financial reporting and consolidation processes to enhance efficiency and accuracy.

- Implement best practices and automation tools to streamline reporting procedures.

- Work with the team on automation of financial systems

Forecasting and Budgeting:

- Assist in the development of financial forecasts, annual budgets, and long-term financial plans.

- Collaborate with department heads to gather input and provide guidance on budget adherence