GM - Financial Reporting

Role

Financial Reporting

Job Level/Designation

GM

Function/Department

Finance / Financial Reporting

Location

Ahmedabad/Mumbai

Job Purpose

The primary objective of this role is to oversee and execute the finalization of financial statements for Vodafone Idea Limited and its subsidiaries.

Key Result Areas/Accountabilities

• Analyze accounting standards and transactions to provide input for establishing necessary accounting guidelines.
• Offer business partnering and support to various departments.
• Manage financial reporting and ensure compliance with relevant regulations.
• Finalize periodic financial statements (monthly, quarterly, and annual) in accordance with Ind AS, Generally Accepted Accounting Principles, and IFRS.
• Review quarterly financial results for Vodafone Idea Limited (standalone and consolidated) to ensure compliance with IND AS and listing agreements.
• Present periodic financial statements and results after thorough review.
• Conduct quarterly reviews of the Cash Flow statement.
• Compile and review necessary information for group companies.
• Reconcile profits and net assets according to Ind AS and IFRS.
• Prepare periodic reports for promoter companies as required.
• Standardize accounting policies and practices across all operational circles and business units.
• Review the chart of accounts and address any discrepancies.
• Continuously analyze changes in reporting requirements, assess their impact on the company, its subsidiaries, joint ventures, and associates, brief top management, and implement changes in consultation with them.
• Liaise with statutory auditors to facilitate smooth quarterly and annual audits.
• Review and assess critical contracts from an accounting and compliance standpoint.
• Contribute to and actively participate in ERP integration projects.
• Benchmark accounting policies and disclosures against industry peers.

Core Competencies, Knowledge, Experience

• Possess in-depth knowledge of consolidation and reporting processes.
• Understand compliance requirements related to listing agreements.
• Demonstrate technical expertise in Ind AS and International Financial Reporting Standards (IFRS).
• Familiarity with the Companies Act.
• Exhibit strong planning and organizing skills to effectively manage competing priorities.
• Show excellent stakeholder management and influencing capabilities.
• Possess strong communication and presentation skills.
• Demonstrate effective people leadership, including talent management and team development to maximize capabilities.

Must Have Technical/Professional Qualifications

Chartered Accountant qualification is mandatory. Good working knowledge of MS Office, SAP, and Hyperion is required.

Years of Experience

A minimum of 10 to 15 years of experience in Financial Reporting is necessary.

Direct Reports

Yes, the role involves managing direct reports.