Job Description

Job PurposeThe Consolidation Analyst will support the Consolidation Manager in delivering accurate financial consolidation and reporting for Reliance Retail. This role involves compiling and analyzing financial data, reconciling intercompany transactions, and ensuring compliance with financial governance policies. The analyst will also contribute to process improvements, prepare consolidated financial reports, and communicate effectively with stakeholders. Key responsibilities include providing training to junior staff, supporting audit preparation, and analyzing financial data to provide strategic insights.Key ResponsibilitiesFinancial Governance & Reporting

• Ensure strict adherence to Financial Governance policies to maintain accuracy in financial reporting and effectiveness in financial accounting processes.
• Develop and implement best-in-class policies to enhance consolidation management within the Retail division.
• Prepare and input data for the annual budget within the consolidation function, ensuring full compliance with company standards.
• Perform monthly financial analysis of subsidiaries to identify trends and anomalies.

General Ledger Management

• Oversee the general ledger and manage month-end closing procedures with precision.
• Compile and analyze account information to prepare accurate asset account entries.
• Lead the monitoring of the fixed asset register, ensuring all transactions are processed daily.

Periodic Financial Operations

• Manage the monthly, quarterly, and annual financial close processes, ensuring accuracy and timeliness.
• Reconcile key balance sheet accounts monthly to guarantee financial accuracy.
• Assist in the period opening and closing processes, including general ledger extension, creation, and unblocking in SAP.

Stakeholder Collaboration

• Partner with internal business units to support financing and payment-related requirements.
• Collaborate with the Controllership team, as well as subsidiary and company accounting teams, to ensure smooth and efficient period-end financial close processes.

Key Performance Indicators (KPIs)Primary KPIs

• Data Accuracy: Maintain a high level of accuracy in financial data compilation and reporting.
• Timeliness of Support Activities: Ensure timely completion of support activities within established deadlines.
• Reconciliation Accuracy: Achieve precision in the reconciliation of financial statements and intercompany transactions.
• Compliance Support Effectiveness: Contribute effectively to compliance efforts, ensuring adherence to regulatory requirements.
• Audit Assistance Quality: Provide high-quality support during audits, ensuring readiness and thoroughness.

Additional KPIs

• Process Improvement Contribution: Proactively contribute to the improvement of financial processes and systems.
• Stakeholder Feedback: Maintain positive feedback from internal and external stakeholders regarding collaboration and support.
• Training Effectiveness: Deliver effective training sessions that enhance the team\'s capabilities.
• Analysis Contribution: Provide valuable insights through financial data analysis to inform strategic decisions.
• Teamwork Effectiveness: Demonstrate strong collaboration skills, contributing to a cohesive and high-performing team environment.

Job RequirementsFunctional Competencies

• Financial Data Compilation: Expertise in compiling and analyzing complex financial data.
• Reconciliation Support: Proficiency in reconciling accounts and intercompany transactions.
• Compliance Assistance: Knowledge of compliance requirements and ability to support related initiatives.
• Audit Support: Experience in supporting audit processes, ensuring thorough preparation and accuracy.
• Reporting Assistance: Skilled in preparing and presenting consolidated financial reports.

Behavioral Competencies

• Attention to Detail: Strong focus on accuracy and precision in all tasks.
• Communication Skills: Excellent verbal and written communication skills, with the ability to convey complex information clearly.
• Problem-Solving Attitude: Proactive in identifying issues and implementing effective solutions.
• Adaptability: Ability to adapt to changing priorities and work effectively in a dynamic environment.
• Team Collaboration: Demonstrated ability to work well within a team, fostering a collaborative and supportive environment.

Expertia AI Technologies