Job Summary:
We are seeking a detail-oriented and analytical Finance Lead who is strong in (Finance & General Accounting) - to join our finance team. The ideal candidate will be responsible for overseeing key financial processes, ensuring compliance with accounting standards (Ind AS/IFRS and JGAAP), and providing critical support for audits and internal controls. This role will also involve preparation of financial statements, provision analysis, fixed asset accounting, inventory accounting and handling ad hoc management reporting requests.
This will be a People Manager Role
Plant Role @ Chennai
Key Responsibilities:
Financial Reporting & Analysis
- Prepare monthly, quarterly, and annual financial statements for company in compliance with Ind AS/IFRS.
- Conduct provision controlling and variance analysis to support business decisions
- Handle accounting for design & development costs and product introduction cost in accordance with applicable standards.
- Monitoring Inventory accounting and relevant controls for necessary bookkeeping and book closure.
- Supervise account reconciliations to ensure accuracy and integrity of financial data.
- Maintain lean balance sheet with periodical reviews and refinement
- Lead Group reporting package in line with Renault Groupe requirements.
- Maintain reserve reconciliations from time to time
- Bring initiatives in automation and digitalization across all the process
- Guide the team of General accounting, accounts payable and receivable and fixed asset accounting and capitalization process
Asset (PPE) Management
- Support the accounting and reporting of fixed assets including capitalization, depreciation, and disposals.
- Ensure Timely capitalization of assets and settlement of advances
- Control measures to safeguard the assets by tracking methods and verification processes.
- Proper computation of depreciation and timely evaluation of CGU for impairment calculation to derive recoverable value
- Ensure no qualification in audit report / CARO on PPE.
- Support Tax team for necessary computation of tax depreciation, WDV and DTA / DTL
- Guide the team for necessary adherence of IND AS / IFRS compliance
- Timely reporting on PO settlements / gaps in respect to CAPEX and necessary assistance to budget team.
Inventory Accounting
- Ensure proper inventory accounting for COGS, Purchase and sales
- Should handle the Inventory accounting of Parts, Raw material, work in progress and finished goods
- Support auditors and Inventory team for necessary co-ordination physical verification
- Take enough measures to safeguard inventory and relevant controls to ensure no qualification in audit report / CARO.
Audit & Compliance
- Support Group, Statutory, Internal and Special Purpose Audits by providing required documentation and explanations.
- Assist in testing and improving Internal Controls Over Financial Reporting (ICFR).
Ad Hoc and Management Reporting
- Respond to special reporting requests from senior management with accurate and timely data.
- Collaborate with cross-functional teams to gather information and insights for financial reports on-time.
Qualifications & Experience:
- Education: CA Qualified Only
- Experience: Minimum 10–12 years of relevant experience in financial reporting, audits, and compliance.
- Accounting Standards: Strong knowledge of Ind AS, IFRS, and preferably JGAAP.
- Systems Knowledge: Experience with ERP systems (e.g., SAP) and advanced Excel skills.
