Medusind - Finance Controller - M&A - US GAAP - CA

Financial Controller- Acquisitions US GAAP

Shift time - 1pm to 10pm

Location - Mumbai - Andheri

CA is a must.

- We are seeking an experienced and detail-oriented Financial Controller/Technical lead to oversee our highly acquisitive US operations.

- The ideal candidate would have experience conducting due diligence, purchase price accounting and integration of acquisitions in the US.

- This position primarily involves conducting financial analysis, performing due diligence, resolving key tax issues, and ensuring accurate accounting treatment for transaction-related activities.

- Role will also be responsible for managing all aspects of financial reporting, accounting, and compliance for our US business units thereby ensuring accurate financial reporting and compliance with accounting standards.

- This position responsible for advising, preparing and maintaining Consolidated Financial Statements for a group of companies, ensuring accuracy, completeness, and compliance with accounting standards and regulatory requirements and collaborates with various stakeholders, including finance teams, auditors, and senior management, to facilitate the consolidation process and provide insights into the financial performance of the group.

- Plays a key role in managing the reporting requirements for lenders and stakeholders, ensuring accurate and timely financial reporting and compliance with loan agreements and covenants.

- This position requires a deep understanding of accounting and tax principles, regulations, and industry-specific guidelines to address complex accounting issues effectively. Knowledge/ experience in FX/ Treasury management would be a plus.

Responsibilities:

1. Financial Reporting: Prepare and oversee the preparation of monthly/quarterly and annually Consolidated financial statements in accordance with US GAAP standards. This includes balance sheets, income statements, cash flow statements, and related disclosures and identifying GAAP differences.

2. USGAAP: Research and interpret US GAAP accounting standards, including ASC (Accounting Standards Codification) topics. Analyze and evaluate complex accounting transactions to determine appropriate accounting treatment in accordance with US GAAP. Prepare technical accounting memos and documentation to support accounting conclusions and positions, including consideration of relevant accounting literature and guidance.

3. Merger and acquisitions: i) Lead or participate in due diligence activities, including financial analysis, legal reviews, operational assessments, and other relevant evaluations and collaborate with internal teams and external advisors to assess the risks and opportunities associated with potential transactions. ii) Understand all terms and conditions of purchase agreement and ensure smooth integration iii) Identify and mitigate potential integration challenges. iv) Purchase Price Accounting for stock and assets acquisitions and coordination with valuers for valuation of different intangibles vii) Preparation of opening and closing balancesheets with fair value adjustments

4. Lender Reporting: i) Providing accurate and up-to-date financial statements, including balance sheets, income statements, and cash flow statements, to lenders thereby giving lenders a comprehensive view of the Company's financial position and performance. ii) Ensuring compliance with the terms and conditions outlined in the loan agreement, including financial ratios, debt service coverage ratios, and other loan covenants. Non-compliance with these requirements could lead to penalties or even default. iii) Calculating and reporting key financial ratios and performance metrics such as leverage ratios, liquidity ratios, Lender adjusted EBITDA and other profitability ratios iv) Submitting any required regulatory or compliance reports to lenders or regulatory authorities, ensuring adherence to legal and regulatory requirements.

5. Tax Compliance: Coordinate with tax advisors and ensure compliance with federal, state, and local tax regulations, including if required the preparation and filing of tax returns and the implementation of tax planning strategies.

6. Audit Management: Serve as the primary liaison with external auditors during the annual audit process, ensuring timely completion of audit requirements, addressing audit inquiries, and implementing audit recommendations.

7. Cash Management: Manage cash flow, liquidity, and working capital to optimize financial resources and support operational needs, including monitoring banking activities, investments, and credit facilities.

8. Financial Policies and Procedures: Develop and maintain financial policies, procedures, and accounting manuals to ensure consistency, transparency, and compliance with US GAAP standards and regulatory requirements.

Qualifications:

1. Education: Bachelor's degree in Accounting, Finance, or related field. CA (Chartered Accountant), CPA (Certified Public Accountant) designation preferred.

2. Experience: Extensive experience in accounting and financial management roles, with a minimum of 5-7 years of progressive experience, preferably in a supervisory or managerial capacity from Big 4 accounting firms or private equity or Venture Capital or highly acquisitive US Corporate

3. US GAAP Expertise: Strong knowledge and understanding of US GAAP/Indian GAAP principles, accounting standards, and financial reporting requirements.

4. Analytical Skills: Excellent analytical skills with the ability to interpret financial data, perform complex financial analysis, and provide strategic insights and recommendations.

5. Communication Skills: Effective communication skills, both verbal and written, with the ability to articulate financial information and concepts to stakeholders at all levels of the organization.

6. Leadership Abilities: Proven leadership abilities with experience in leading and developing finance and accounting teams, fostering a collaborative and high-performance work environment.

7. Attention to Detail: Meticulous attention to detail and accuracy in financial reporting, analysis, and compliance activities.

8. Regulatory and tax Compliance: Knowledge of regulatory requirements, compliance standards, and best practices in financial reporting, tax compliance, and internal controls.