Tata Tele Business Services - Head - Financial Reporting

Description:

Job Title Head Financial Reporting

Function Finance

Sub-Function Financial Reporting

Job Designation GM Financial Reporting

Regional/Corporate Corporate

Location Turbhe

Reporting to Financial Controller Financial Reporting

Position Summary The role encompasses ensuring accurate financial reporting in accordance with IND AS standards including consolidation.

It involves collaborating with statutory auditors & finalization of quarterly and annual financials.

Coordinating with internal auditors ensures compliance with internal control standards.

Reporting to management & Tata Sons.

Compliance with SEBI filings, XBRL submissions, and regulatory updates is imperative.

Cross-functional engagement.

It also requires engagement with DoT.

Key Responsibilities:

- Preparation of Financial Statements: Ensure adherence to accounting standards (IND AS) and timely delivery of standalone financial statements for each of the five entities, as well as consolidated financial statements.

- Engagement with Auditors: Collaborate with statutory auditors and various verticals within the finance for timely closure of audit issues and finalization of quarterly and annual financial results.

- Internal Audit and IFC Audit: Coordinate with the internal audit team to ensure timely closure of internal audit activities and compliance with internal control over financial reporting (IFC) requirements.

- Engagement with FP&A Team: Work closely with the Financial Planning & Analysis team before circulating financial results to ensure accuracy and alignment with forecasts.

- Reporting to Management and Tata Sons: Ensure timely and accurate reporting of financial results to internal management and Tata Sons, including ad hoc and annual consolidation packs.

- Litigation Demands and PPR Analysis: Compile demands under litigations and report them in financial statements, based on PPR (Probable, Possible, Remote) analysis.

- Chart of Accounts and Controls: Monitor the chart of accounts and internal controls across finance verticals to ensure accuracy and integrity of financial data.

- Reconciliations and Variance Analysis: Review reconciliations between the general ledger and other systems, as well as general ledger movements, along with conducting variance analysis to identify discrepancies.

- Regulatory Compliance: Ensure compliance with SEBI filing requirements, including quarterly submission of results to stock exchanges, annual XBRL filing, and providing inputs for the annual report.

- Also, finalize minutes of quarterly audit committee and board meetings.

- Accounting/Regulatory Updates: Stay updated on accounting and regulatory changes and present relevant updates to the team.

- Cross-functional Engagement: Collaborate with legal, regulatory, treasury, and other teams for various purposes such as regulatory updates, movement in borrowings, and issues related to AGR demands.

- Engagement with DoT Officials and CAG: Interact with Department of Telecommunications (DoT) officials on AGR demand issues and engage with Comptroller and Auditor General (CAG) and special auditors for revenue audit.

- Ensure effective communication and collaboration across teams to fulfill these responsibilities efficiently and accurately.

- Additionally, staying updated on relevant regulations and industry trends.

Critical Behavioural Competencies Required:

DRIVE FOR RESULTS.

FUNCTIONAL EXCELLENCE.

INTERPERSONAL EFFECTIVENESS WITHSTANDING PRESSURE.

Critical Functional Competencies Required

- Knowledge of Accounting Standards and latest updates

- Hands-on for controlling preparing reporting packs in excel

- PPT

- Knowledge of Compliances

- Companies Act and changes thereof .

About Us:

Transforming Businesses through Digitalization.

Tata Tele Business Services (TTBS), belonging to the prestigious Tata Group of Companies, is the countrys leading enabler of connectivity and communication solutions for businesses.

With services ranging from connectivity, collaboration, cloud, security, IoT, and marketing solutions, TTBS offers the largest portfolio of ICT services for businesses in India.

With an unwavering focus on customer-centricity and innovation, TTBS continues to garner recognition from customers and peers alike.

Our People Shape Our Journey Ahead.

We are Indias leading enabler of digital connectivity and technology solutions for businesses a feat possible only because we are fueled by the dedication and passion of our people.

We welcome the finest talent and believe in nurturing and mentoring them to rise into leadership roles, while standing tall on our ethics and values.