Senior Financial Analyst

About us

At Dräger, it is our passion and dedication to protect, support and save lives. Our dedication to life naturally extends to the quality of our employees lives. They are the essence of our company, and without them, we would not be what we are today – a world leader in medical and safety technology. We are searching for people who want to join us in building Technology for Life.

Purpose of the Function

• IND AS / IFRS Financial Reporting
• Managing treasury function and overseeing bank account operations
• Controlling and optimizing cash flow
• Strategizing funding optimization and maximizing returns on surplus funds
• Handling Letter of Credit (LC) processes
• Issuing and monitoring Earnest Money Deposits (EMDs)

Key Responsibilities

1. IND AS / IFRS Financial Reporting

• Lead the preparation and review of financial statements and disclosures in compliance with Ind AS, the Companies Act, and other applicable regulatory requirements.
• Drive the first-time adoption of Ind AS, including impact assessment, preparation of transition reconciliations, implementation of accounting policies, and stakeholder coordination.
• Provide technical accounting guidance on complex transactions, evaluate the impact of new or amended Ind AS, and ensure timely implementation.
• Coordinate with statutory auditors and internal stakeholders to facilitate smooth audits and timely resolution of financial reporting matters.
• Strengthen financial reporting processes, internal controls, and governance to ensure accurate, timely, and compliant financial reporting.

2. Managing Treasury Function and Overseeing Bank Account Operations

• Ensure compliance with company policies when opening and maintaining bank accounts.
• Oversee the daily operations of all company bank accounts.
• Manage the authorization and access of users to the companys bank accounts.
• Ensure accurate and timely reconciliation of bank statements.
• Coordinate with internal teams to streamline bank account processes and improve operational efficiency.

3. Controlling and Optimizing Cash Flow

• Monitor daily cash flow and ensure adequate liquidity for business operations.
• Identify and resolve discrepancies in cash flow projections.
• Ensure timely processing of payments and collections to maintain smooth cash operations.
• Timely highlight any cash flow shortfalls.
• Ensure timely investment of surplus funds into deposits to maximize returns.

4. Handling Letter of Credit (LC) Processes

• Facilitate the preparation, review, and issuance of Letters of Credit in accordance with agreements.
• Liaise with banks, suppliers, and customers to ensure smooth Letter of Credit transactions.
• Ensure all required documentation is provided and meets the necessary standards for issuing LCs.
• Monitor and manage outstanding Letters of Credit to prevent any issues related to payment.
• Ensure compliance with legal and regulatory requirements related to Letter of Credit transactions.
• Ensure export processes and FEMA regulations are met for MTT transactions.

5. Issuing and Monitoring Earnest Money Deposits (EMDs)

• Oversee the issuance of Earnest Money Deposits as per contractual agreements.
• Track and ensure proper documentation of all Earnest Money Deposits.
• Liaise with banks for the issuance of EMDs.
• Monitor the status of Earnest Money Deposits to ensure timely and accurate processing and track return status.
• Resolve any discrepancies or issues related to Earnest Money Deposits in a timely manner.

Additional Responsibilities – Internal Controls & Audit

• Handle internal audits and manage internal controls, including:
• Responding to and resolving internal audit queries.
• Maintaining the Risk Control Matrix (RCM).
• Conducting periodic test checks and maintaining records thereof.
• Reporting outcomes and observations to management.
• Routinely test processes, identify control gaps, and provide recommendations for improvement.

Skills & Competencies

• Experience in SAP S/4HANA
• Strong expertise in IND AS / IFRS Accounting
• Experience working in an MNC environment
• Strong understanding of treasury operations, cash flow management, banking processes, and regulatory compliance

Education & Experience

• Chartered Accountant (CA)
• 6–8 years of relevant experience

Key Areas of Expertise

• IND AS / IFRS Financial Reporting
• Treasury Management
• Cash Flow Planning & Optimization
• Bank Account Operations
• Letter of Credit (LC) Management
• FEMA Compliance
• Earnest Money Deposits (EMDs)
• Internal Controls & Audit Management
• SAP S/4HANA
• Stakeholder & Auditor Management

Why Join Us

• Inclusive and diverse workplace culture.
• Professional growth and development opportunities.
• Flexible work arrangements and supportive policies.

Equal Opportunity Employer Statement

Draeger is an equal opportunity employer that values diversity at all levels. We welcome applications from individuals of all backgrounds, including but not limited to race, ethnicity, gender identity, sexual orientation, disability, and veteran status.

Application Process

Interested candidates can apply by submitting applying to the job role. If you have questions about the role or our inclusivity practices, feel free to reach out to [HIDDEN TEXT]

We look forward to welcoming diverse talent to our team!