Job Description

1. Basic InformationPosition Lead - ConsolidationReporting To Head - Retail ConsolidationLocation RCP, Mumbai2. Purpose of the Role

• Lead will be accountable for amalgamating assets, liabilities, and other financial components to illustrate the overall financial status of the entire business organization, encompassing the financial positions of all its holding and subsidiary companies.

3. Activities Performed by the Role

• Ensure adherence to Financial Governance policies to uphold accurate financial reporting and effective financial accounting processes.
• Establish top-tier policies and foster improvement in consolidation management across Retail.
• Contribute inputs for the annual budget preparation for the consolidation function and ensure compliance.
• Perform monthly financial analysis of subsidiaries.
• Manage the general ledger and conduct month-end closing procedures
• Compile and analyze account information to prepare asset account entries
• Monitor the fixed Asset register and process transactions on a daily basis
• Manage monthly, quarterly, and annual closings
• Reconcile key balance sheet accounts on a monthly basis
• Assist in period opening and closing, GL extension, GL creation, and unblocking GLs in SAP
• Collaborate with cross-functional teams, especially the Finance Planning & Analysis team (FP&A), to ensure effective completion of the period-end financial close process
• Partner with internal businesses to provide support for financing and payments-related requirements
• Support the Controllership team and coordinate with subsidiary and company accounting teams to ensure the efficient completion of the period-end financial close process.

4. Key Performance Indicators & Outcomes:

• Compliance with internal control framework and authority schedule
• Accounts Receivable Turnover
• Accounts Payable Turnover
• Return on Equity Ratio
• Optimization of operating cashflow
• Automation achieved in consolidation

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