Manager - CIG

JOB PURPOSE

To provide support in preparation of Consolidated Financial Statements (CFS) related to preparatory, monitoring, follow-up, and documentation works for preparation of CFS of GAL/GPUIL in order to enable the Corporate CIG team to get the CFS of GAL/GPUIL audited and to submit the same as per the format prescribed by SEBI LODR / Companies Act within the management-defined timelines. Further, to also prepare the CFS of intermediary holding companies like GHIAL, GEL, GHWL, etc., get the same audited and submit these to the CFOs/FCs of respective Cos. for their approval and further action.  

In addition, he will also be responsible for creating, maintaining, and monitoring the grouping of GLs in BPC and maintaining the company's relationships master data in the BPC tool. 

ORGANISATION CHART

KEY ACCOUNTABILITIES

Accountabilities

• Collection of shareholding patterns from all Group Entities 
• Verify RPT, follow up on missing RPT, identify gaps, and ensure corrections are made.
• Pass elimination entries for Group company transactions.
• Refresh standalone numbers in financial models from BPC.
• Verify numbers with standalone financials along with groupings
• Identify elimination gaps with standalone numbers.
• Ensure corrections are made in standalone financials.
• Pass Joint Venture / Associate’s Profit / Loss share entries in the consol financials in the BPC.
• Ensure all Entity presentations for management review have been received
• Verify that numbers are correctly flowing in financial dashboard
• Verification of Newspaper Publication numbers
• Preparation of Monthly MIS.
• Preparation of Quarterly Consolidated Forecasting.
• Preparation of Consolidated Monthly Annual Operation Plan (AOP). 
• Review of standalone financials of GMR Airport Limited (GAL) & GMR Power and Urban Infra Limited (GPUIL).   
• Prepare closing schedule for the group on quarterly basis.
• Monitor progress of the schedule & highlight /escalate any slippages.
• Support in preparation of Consolidation of financials statements of GAL and GPUIL.
• Consolidate Power, Roads, EPC, Smart Meters and Other sector financials and also the intermediary Holding companies and provide the same in time for review by the superiors, after highlighting the variations.
• Plan and manage consolidation team on day-to-day consolidation activities so as to achieve the above.
• Initiate and drive implementation of common initiatives related to regulatory requirements across the group such as Schedule III changes and Companies Act 2013 requirements.

Stakeholder Management: 

• Ensure satisfactory and timely resolution of queries from subsidiaries.
• Closely interact with the auditors and resolve or escalate consol audit issues.
• Co-ordinate & monitor preparation of analysis of the financials and variance analysis for management review.
• Co-ordinate & monitor preparation of audit committee presentation.
• Analysis of financials & Audit committee presentation.
• To ensure the Monthly / quarterly Consol financials are closed on time 

Process Improvement

• Study current processes and identify opportunities for automation or the introduction of new tools to improve accuracy, turnaround time (TAT), and other Service Level Agreement (SLA) parameters 
• Identify improvement areas in the consolidation process and initiate action for deployment of the same.

Statutory Support and Compliance Process

• Support and arranging the data & providing the respective details to MAG team & resolved all their queries for the respective period. 
• Provide support for both statutory and internal audits by ensuring all book closure activities comply with required standards and regulations.

People Management:

• Ensure proper coordination with the team and the employees
• Assign activities among team members for preparation of required financial information for CFS and related working papers.

KEY ACCOUNTABILITIES - Additional Details

EXTERNAL INTERACTIONS

INTERNAL INTERACTIONS

FINANCIAL DIMENSIONS

Consolidated annual financial turnover to the tune of Rs. 19,000 Crs.

OTHER DIMENSIONS

• Number of subsidiaries and joint ventures—120
• Number of Group Auditors Interacted: -60
• Team Size-2

EDUCATION QUALIFICATIONS

RELEVANT EXPERIENCE

• 8 to 11 years of responsible position in the finance and accounts department of a large organization, preferably from Infra Space
• Through understanding of Ind AS & accounting closure processes
• Exposure to BPC and SAP
• Soft spoken and good interpersonal skills
• Excellent analytical and problem-solving skills
• Excellent Proficiency with MS office especially in MS Word, Excel, PPT etc.
• Strong in Communication and coordination skills
• Leadership and Team Management skills
• Self-motivated with positive attitude
• Quick learner and zeal to learn
• Adaptable to the situation 

COMPETENCIES