Manager - Finance & Accounts (Consolidation of Financial Statements)

Position - Manager - Finance & Accounts (Consolidation of Financial Statements)

Department - Finance & Accounts

Location - Jajpur, Odisha

Job Summary

We are seeking an experienced Finance & Accounts professional with strong expertise in the Consolidation of Financial Statements (CFS), including the consolidation of foreign subsidiaries. The ideal candidate should possess in-depth knowledge of accounting standards, financial reporting, intercompany reconciliations, foreign currency translation, and group reporting.

Key Responsibilities

• Prepare monthly, quarterly, and annual Consolidated Financial Statements (CFS) for the Group.
• Consolidate financial statements of domestic and international subsidiaries, joint ventures, and associate companies.
• Ensure compliance with applicable accounting standards such as Ind AS, IFRS, and relevant GAAP requirements.
• Perform foreign currency translation in accordance with applicable accounting standards.
• Eliminate intercompany transactions, balances, unrealized profits, and investments during the consolidation process.
• Review subsidiary financial statements for accuracy, completeness, and compliance with group reporting requirements.
• Coordinate with finance teams of overseas subsidiaries to ensure timely submission of financial information.
• Prepare consolidation journals, schedules, disclosures, and management reports.
• Support statutory audits, internal audits, and regulatory reporting related to consolidated financial statements.
• Assist in financial planning, budgeting, and variance analysis at the group level.
• Ensure adherence to internal controls and corporate governance policies.
• Participate in finance transformation initiatives, ERP implementation, and process improvements related to financial consolidation.

Required Qualifications

• Chartered Accountant (CA) / CPA / ACCA or equivalent professional qualification.

Experience

• 5–8 years of relevant experience in Finance & Accounts.
• Minimum 5 years of hands-on experience in Consolidation of Financial Statements (CFS).
• Proven experience in consolidating financial statements of foreign subsidiaries across multiple jurisdictions.
• Experience in multinational companies or large corporate groups is preferred.

Required Technical Skills

• Expert-level knowledge of Consolidation of Financial Statements (CFS).
• Strong understanding of Ind AS, IFRS, and consolidation principles.
• Expertise in foreign currency translation and consolidation adjustments.
• Strong knowledge of intercompany reconciliations and eliminations.
• Experience with group reporting packages and financial close processes.
• Proficiency in ERP systems such as SAP, Oracle, Microsoft Dynamics, or similar platforms.
• Advanced Microsoft Excel skills (Power Query, Pivot Tables, Lookups, Financial Models).
• Experience with consolidation/reporting tools such as SAP BPC, Oracle FCCS, Hyperion HFM, OneStream, or Cognos is preferred.

Key Competencies

• Analytical and problem-solving skills.
• Strong attention to detail.
• Excellent communication and stakeholder management.
• Ability to manage multiple reporting deadlines.
• Leadership and team management capabilities.
• Process improvement mindset.

Ideal Candidate Profile

The ideal candidate should have:

• Extensive experience in preparing Group Consolidated Financial Statements.
• Hands-on expertise in consolidating foreign subsidiaries located across multiple countries.
• Strong understanding of IFRS/Ind AS reporting requirements.
• Experience handling multi-currency consolidations and foreign exchange translation.
• Expertise in intercompany reconciliations and elimination entries.
• Experience working with statutory auditors and external consultants.
• Exposure to large corporate groups or multinational organizations.
• Strong ERP and consolidation software experience.
• Ability to independently lead the monthly, quarterly, and annual financial consolidation process.