Financial Controllership

Job Title: Financial Controllership

Location: Mumbai (5days onsite)

About The Role:

Consolidation & Group Reporting

• Preparation of consolidated financial statements and notes to accounts in compliance with applicable Ind AS.
• Collection and verification of financial information from group companies.
• Identification and posting of consolidation entries; maintenance of consolidation trackers.
• Coordination with group entities for timely financial reporting and audit closure.
• Assessment of parent–subsidiary relationships, including identification of new subsidiaries, associates, and joint ventures.
• Identification and evaluation of exceptional and high-value inter-company transactions.
• Conversion of foreign currency financials into INR and calculation of Foreign Currency Translation Reserve (FCTR).
• XBRL filling for consolidated Financial
• Preparation of presentation explaining material variances in consolidated financial statement.

Statutory Audit Closure

• Coordination with statutory auditors for standalone and consolidated audit closure.
• Timely resolution of audit queries and management of supporting documentation.
• Liaison with internal process owners for audit walkthroughs and IFC documentation.
• Completion of companys governance code
• Ensuring completeness and accuracy of audit-related schedules and disclosures.
• Preparation of presentation explaining material variances in standalone financial statement.

Standalone Financial Statements of Group Company

• Preparation of standalone financial statements including cash flow statements.
• Handling end-to-end statutory audit requirements for standalone entities.
• Accounting entries, XBRL filing, and computation of advance tax liabilities.

Monthly Closing & Reporting

• Identification and accounting of prepaid expenses; running the prepaid engine and preparation of quarterly prepaid reports.
• Monthly reconciliation of newsprint and other key balances.
• Passing monthly reconciliation and adjustment entries.
• Computation and provisioning of GST Input Tax Credit (ITC).

Lease Accounting (Ind AS 116)

• End-to-end lease accounting in accordance with Ind AS 116.
• Identification of new leases and accounting for lease modifications and terminations.
• Periodic reconciliation of lease balances and related disclosures.

Business Transfer Transactions

• Preparation of Net Current Asset (NCA) statements for business transfer transactions.
• Accounting for slump sale transactions and post-slump-sale business accounting.
• Computation and accounting of goodwill or capital reserve.
• Preparation of detailed notes for financial statements relating to slump sales.
• Handling special-purpose audits for divisions.

  Looking to get Placed? Try our Placement Guarantee Plan

  Get Hired

Ei Samay Operations

• Monthly accounting of sales and purchase invoices.
• Maintenance of trackers for newsprint loans, sales, purchases, and net outstanding balances.

Ledger Scrutiny & AFC Cost Analysis

• Detailed review and analysis of general ledger balances at transaction level.
• Ensuring compliance with accounting standards and applicable statutory requirements.
• Identification and clearance of open items.
• Review of old and non-moving items for write-off or write-back.
• Validation of correct usage of cost centers and business areas.
• Group Company Balance Reconciliation
• Quarterly reconciliation of customer, vendor, and newsprint balances with group companies.
• Passing of appropriate accounting entries for inter-company differences.

Ind AS & Regulatory Updates

• Implementation of new Ind AS standards and amendments.
• Impact analysis of newly issued accounting standards, rules, or regulatory circulars.

Education & Qualifications:

• Qualified Chartered Accountant (Batch 2017–2019)
• 5+ years of post-qualification experience