Job Title: Financial Controllership
Location: Mumbai (5days onsite)
About The Role:
Consolidation & Group Reporting
- Preparation of consolidated financial statements and notes to accounts in compliance with applicable Ind AS.
- Collection and verification of financial information from group companies.
- Identification and posting of consolidation entries; maintenance of consolidation trackers.
- Coordination with group entities for timely financial reporting and audit closure.
- Assessment of parent–subsidiary relationships, including identification of new subsidiaries, associates, and joint ventures.
- Identification and evaluation of exceptional and high-value inter-company transactions.
- Conversion of foreign currency financials into INR and calculation of Foreign Currency Translation Reserve (FCTR).
- XBRL filling for consolidated Financial
- Preparation of presentation explaining material variances in consolidated financial statement.
Statutory Audit Closure
- Coordination with statutory auditors for standalone and consolidated audit closure.
- Timely resolution of audit queries and management of supporting documentation.
- Liaison with internal process owners for audit walkthroughs and IFC documentation.
- Completion of company's governance code
- Ensuring completeness and accuracy of audit-related schedules and disclosures.
- Preparation of presentation explaining material variances in standalone financial statement.
Standalone Financial Statements of Group Company
- Preparation of standalone financial statements including cash flow statements.
- Handling end-to-end statutory audit requirements for standalone entities.
- Accounting entries, XBRL filing, and computation of advance tax liabilities.
Monthly Closing & Reporting
- Identification and accounting of prepaid expenses; running the prepaid engine and preparation of quarterly prepaid reports.
- Monthly reconciliation of newsprint and other key balances.
- Passing monthly reconciliation and adjustment entries.
- Computation and provisioning of GST Input Tax Credit (ITC).
Lease Accounting (Ind AS 116)
- End-to-end lease accounting in accordance with Ind AS 116.
- Identification of new leases and accounting for lease modifications and terminations.
- Periodic reconciliation of lease balances and related disclosures.
Business Transfer Transactions
- Preparation of Net Current Asset (NCA) statements for business transfer transactions.
- Accounting for slump sale transactions and post-slump-sale business accounting.
- Computation and accounting of goodwill or capital reserve.
- Preparation of detailed notes for financial statements relating to slump sales.
- Handling special-purpose audits for divisions.
Ei Samay Operations
- Monthly accounting of sales and purchase invoices.
- Maintenance of trackers for newsprint loans, sales, purchases, and net outstanding balances.
Ledger Scrutiny & AFC Cost Analysis
- Detailed review and analysis of general ledger balances at transaction level.
- Ensuring compliance with accounting standards and applicable statutory requirements.
- Identification and clearance of open items.
- Review of old and non-moving items for write-off or write-back.
- Validation of correct usage of cost centers and business areas.
- Group Company Balance Reconciliation
- Quarterly reconciliation of customer, vendor, and newsprint balances with group companies.
- Passing of appropriate accounting entries for inter-company differences.
Ind AS & Regulatory Updates
- Implementation of new Ind AS standards and amendments.
- Impact analysis of newly issued accounting standards, rules, or regulatory circulars.
Education & Qualifications:
- Qualified Chartered Accountant (Batch 2017–2019)
- 5+ years of post-qualification experience
