IN-Manager _Finance-Finance Controllership _ Finance Assurance_IFS_Gurgaon

About the job

Line of Service

Internal Firm Services

Industry/Sector

Not Applicable

Specialism

Operations

Management Level

Manager

Job Description & Summary

At PwC, our people in finance focus on providing financial advice and strategic guidance to clients, helping them optimise their financial performance and make informed business decisions. These individuals handle financial analysis, budgeting, forecasting, and risk management.

Those in accounting at PwC will focus on managing financial records, analysing data, and assisting in compliance with accounting standards. You will play a crucial role in providing accurate financial information and insights to support decision-making.

• Why PWC
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At PwC, you will be part of a vibrant community of solvers that leads with trust and creates distinctive outcomes for our clients and communities. This purpose-led and values-driven work, powered by technology in an environment that drives innovation, will enable you to make a tangible impact in the real world. We reward your contributions, support your wellbeing, and offer inclusive benefits, flexibility programmes and mentorship that will help you thrive in work and life. Together, we grow, learn, care, collaborate, and create a future of infinite experiences for each other. Learn more about us.

At PwC, we believe in providing equal employment opportunities, without any discrimination on the grounds of gender, ethnic background, age, disability, marital status, sexual orientation, pregnancy, gender identity or expression, religion or other beliefs, perceived differences and status protected by law. We strive to create an environment where each one of our people can bring their true selves and contribute to their personal growth and the firm's growth. To enable this, we have zero tolerance for any discrimination and harassment based on the above considerations.

Job Description

The Financial Finalization and Statutory Audit Manager is responsible for overseeing the preparation and finalization of financial statements, ensuring compliance with applicable policies and GAAP requirements, managing statutory audits, and maintaining robust internal controls over financial reporting (ICFR). This role also involves reviewing balance sheet (BS) and profit and loss (PL) account schedules, managing a team, and handling various other financial and regulatory tasks.

Responsibilities

Financial Finalization:

• Drive Finalization of Financial Statements: Lead the team in the preparation and first-level review of financial statements for firms and LLPs, ensuring all necessary disclosures are included.
• Policy and GAAP Compliance: Identify and apply relevant policies and GAAP requirements in the preparation of financial statements.
• Statutory Audit & ICFR:
• Audit Calendar Management: Adhere to the audit calendar to ensure timely closure of year-end and quarterly audits.
• Query Resolution: Address and resolve queries from statutory auditors regarding the balance sheet and profit and loss statements promptly.
• Audit Issue Closure: Facilitate the first-level closure of audit issues with auditors.
• ICFR Completion: Ensure the completion of ICFR as per the audit timeline.
• Review of BS/PL Account Schedules:
• Observation Review: Review observations from the first-level review of BS/PL schedules and discuss them with relevant stakeholders for resolution.
• Issue Tracking: Maintain a log of unresolved issues from previous months and discuss them with team leads.
• Monthly Deck Preparation: Prepare a monthly deck for review by the Financial Controller (FC).
• Schedule Mapping: Map schedules with financial statements in the finalizer.
• Automation: Oversee the end-to-end automation of PL schedules.
• Team Management:
• Training: Conduct regulatory and technical training sessions for the team.
• Coaching and Mentoring: Provide coaching and mentoring to help team members develop their interpersonal skills.
• Recognition: Recognize individual efforts in a timely manner to enhance motivation.
• Skill Development: Assist the team in developing futuristic skills.
• Other Areas:
• Actuarial Review: Review actuarial expenses and liabilities for gratuity, leave encashment, and long service awards based on received reports.
• XBRL & Form 8 Filing: Review XBRL and Form 8 filings before submission to auditors, ensure signing by designated partners (DP) and auditors, and maintain a tracker with challans.
• Finalizer Configuration: Annually review finalizer configuration and map the general ledger (GL) every month.
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Mandatory Skill Sets

• Extensive experience in financial statement preparation, statutory audits, and ICFR.
• Strong knowledge of GAAP and other relevant accounting standards.
• Excellent analytical, problem-solving, and communication skills.
• Proven experience in team management and development.
• Proficiency in financial software and automation tools.
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Preferred Skill Sets

• Attention to detail and accuracy.
• Ability to work under tight deadlines.
• Strong organizational and multitasking abilities.
• Leadership and team-building skills.
• Proficiency in Microsoft Office Suite, especially Excel.
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Years Of Experience Required

9 plus years

Education Qualification

• Bachelor's degree in accounting, (CA is preferred).
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Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required: Chartered Accountant Diploma, Bachelor of Commerce

Degrees/Field Of Study Preferred

Certifications (if blank, certifications not specified)

Required Skills

Finance Control

Optional Skills

Accepting Feedback, Accepting Feedback, Accounting Advisory, Accounting and Financial Reporting Standards, Accounting Policies, Accounting Practices, Account Reconciliation, Active Listening, Analytical Thinking, Coaching and Feedback, Communication, Creativity, Credit Control, Embracing Change, Emotional Regulation, Empathy, Escalation Management, Financial Accounting, Financial Budgeting, Financial Forecasting, Financial Policy, Financial Record Keeping, Financial Reporting, Financial Statement Analysis, Financial Statement Preparation