AVP - Financial Reporting - Mumbai - Lodha (I - Think Techno Campus)

Main Accountabilities

1. Financial Reporting & Closures

• Lead monthly, quarterly, and annual financial closures
• Ensure accuracy, completeness and timelines of financial statements
• Maintain alignment between books of accounts, MIS and disclosures

1. GL Control & Accounting Governance

• Oversee GL integrity across portfolios and business units
• Ensure appropriate accounting treatment in compliance with IndAS and IFRS
• Drive cleanup of aged / unreconciled balances

1. IND-AS Compliance & Disclosures

• Ensure adherence to IND-AS and IFRS standards in financial reporting
• Review notes to accounts and disclosures for completeness and accuracy
• Support preparation of statutory financial statements and audit schedules

1. Regulatory Reporting (RBI & Others)

• Oversee preparation and submission of RBI returns and regulatory filings
• Ensure compliance with applicable regulatory requirements
• Manage ad-hoc data regulatory data request efficiently

1. Audit & Compliance Management

• Coordinate with Statutory Auditors, Internal Audit, IFC, and regulatory authorities
• Provide required schedules, reconciliations and explanations
• Ensure closure of audit observations with defined timelines

1. Business Accounting Oversight

• Validate revenue recognition, provisioning, and expense accounting
• Identify inconsistencies and implement corrective actions

1. MIS, Analytics & Management Reporting

• Review MIS reports and financial analytics
• Preparation of management and Board-level presentations
• Provide insights on financial performance and variances

1. Process Improvement & Controls

• Identify process gaps and strengthen internal controls
• Enhance governance to prevent misstatements and errors
• Drive standardization and best practices across accounting processes

1. Automation & System Enablement

• Champion automation initiatives in financial reporting and reconciliations.
• Collaborate with IT for system enhancements (e.g., SAP, reporting tools).
• Improve efficiency through system-driven controls and reporting

1. Consolidation & Group Reporting

• Lead consolidation of financial statements across entities, ensuring accuracy and completeness
• Ensure elimination of inter-company transactions and reconciliation of group balances
• Drive timely preparation of consolidated financials in compliance with IND-AS (Ind AS 110, 111, 28, etc.)
• Review consolidation adjustments, minority interest, and group-level disclosures
• Coordinate with business units and subsidiaries for standardized reporting and data submission
• Strengthen controls and automation around consolidation processes and group reporting

Qualifications & Experience

• 7–10 years experience in Controllership / Financial Reporting
• Strong knowledge of IND-AS and financial reporting frameworks
• Experience in audit handling and regulatory reporting (RBI preferred)
• Strong analytical and problem-solving skills
• CA preferred

Competencies

• Ownership
• Boundaryless Behaviour
• Cost Consciousness

Functional Competencies

• IND-AS 109
• Regulatory Reporting & RBI Compliance
• Financial Controls
• Asset Quality Analytics
• Financial Planning & Analysis
• Data Analytics / Automation

Key Decisions taken

• Validation of financial statements and accounting treatments
• Resolution of discrepancies in GL and financial reporting
• Prioritization of reporting, audit, and regulatory deliverables
• Identification of control gaps and process improvements
• Escalation and resolution of financial risks
• Validation of consolidation adjustments and group-level financial statements