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GM-F&A
Date: 13-May-2022
Location: Delhi, IN
Company: GMR Enterprises Pvt Ltd GMR Group
JOB PURPOSE
Consolidation of GMR infrastructure Ltd., (~150 subsidiaries); Formulation and implementation of Group accounting policies & Procedures; BPC implementation;
ORGANISATION CHART
KEY ACCOUNTABILITIES
| Accountabilities | |
|---|---|
| Consolidation of financials under Ind AS on quarterly basis (150 entities, 25-30 accounting teams & 15 auditors) Prepare closing schedule for the Group on quarterly basis Monitor progress of the schedule & highlight / escalate any slippages Ensure receipt of all subsidiary financial statements after audit & closure of all audit accounting issues Review & ensure consolidation of all the sector financials and provide the same in time for review by the superiors, after highlighting the variations Plan and Manage consolidation team on day to day consolidation activities so as to achieve the above Ensure satisfactory and timely resolution of queries from subsidiaries. Closely interact with the auditors and resolve or escalate consol audit issues Ensure accuracy and completeness of annual report of GIL Initiate and drive implementation of common initiatives related to regulatory requirements across the Group such as Schedule VI changes, Companies Act 2013 requirements. Assign activities among team members for preparation of required financial information for GIL Annual Report, Investors, Fund raising initiatives, etc. and Review the same to ensure accuracy and completeness Identify improvement areas in the consolidation process and initiate action for deployment of the same |
TimeliTimeline – As per SEBI requirement |
| Consolidation of financials under IGAAP on annual basis (150 entities, 25-30 accounting teams & 15 auditors) Ensure receipt of all subsidiary financial statements after audit & closure of all audit accounting issues Review & ensure consolidation of all the sector financials and provide the same in time for review by the superiors, after highlighting the variations Ensure completion of audit with in the timelines |
Timeline – As per SEBI requirement |
| Analysis of financials & Audit committee presentation Co-ordinate & monitor preparation of analysis of the financials and variance analysis for management review Co-ordinate & monitor preparation of audit committee presentation Ind AS implementation / post implementation support, including formulation of group accounting policies & procedures (co-ordination with 25- 30 teams):- Develop thorough knowledge on Ind AS, including understanding of the new standards / changes Representing to the concerned authorities on the new standards / proposed changes, after taking input from all internal stakeholders Develop Group accounting policies & procedures, based on the Ind AS Handhold component finance teams on implementation of new accounting standards / changes Group Accounting Policy and Procedures (25 – 30 teams) Formulate & implement group accounting policies & procedures Identify inconsistencies in the subsidiary accounting policies and suggest changes to bring in uniform Accounting Policies Monitor the adherence to key financial processes Representing to the concerned authorities on the new standards / proposed changes, after taking input from all internal stakeholders Develop group accounting manual |
Timeline – as per Audit Committee schedule IND AS implementation progress
Number of Financial SOPs Number of areas with deviation |
EXTERNAL INTERACTIONS
External - Roles you need to interact with outside the organization to enable success in your day to day work
Consol Statutory Auditors – Audit Manager
15 Subsidiary Statutory Auditors – Audit Manager
INTERNAL INTERACTIONS
Internal - Roles you need to interact with inside the organization to enable success in your day to day work
150 companies, 25- 30 finance teams - Component finance leads for Resolution of Audit Issues, Implementation of common initiatives, Process Deployment, etc.
FINANCIAL DIMENSIONS
- Turnover of ~ Rs 13000 crores
- Balance sheet size of ~Rs 60000 crores
OTHER DIMENSIONS
- Number of Subsidiaries and Joint Ventures - 160
- Number of subsidiary finance teams to co-ordinate with– 30
- Number of Group Auditors interacted – 15
EDUCATION QUALIFICATIONS
- CA
RELEVANT EXPERIENCE
- 10 - 15 years of total experience with about 6-8 years experience in managing consolidation function in a company with large number of subsidiaries
COMPETENCIES
- Communication: Ability to listen, interpret, simplify complex concepts, thoughts & ideas in verbal / non verbal form. | Interview
- Leading / Empowering People: Set and share directions with clarity of roles and goals. Inspire positive attitude towards work & motivate team. | Interview
- Personal Effectiveness: Demonstrating responsibility & reliability through actions to manage critical and challenging situations. | Interview
- Stakeholder Focus: Ability to define needs and expectations of each stakeholder; Defines clear results for each stakeholder, with indicators and monitoring mechanisms. | Interview
- Decision Making: Ability to systematically think through a problem and its component parts, garner relevant information and not taking things at face value. | Interview
- Networking: Ability to build personal networks and establishes relationships with key stakeholders to further enhance business. | Interview
- Strategic Orientation: Ability to translate vision into long term strategic objectives through a clear understanding of the external environment, industry and organizational capabilities | Interview
- Business Insight: Ability to understand the implications of Business decisions and strive to enhance organizational performance. | Interview
- Execution and Operational Excellence: Ability and desire to execute with attention to detail, speed, accuracy and consistency | Interview
- Managing Performance: Effectively monitors and measures performance. Develops people and drive results. | Interview
- Problem Solving & Analytical Thinking
- Strategic Orientation
- Capability Building
- Entrepreneurship
- Social Awareness
- Personal Effectiveness
- Networking
- Stakeholder Focus
- Teamwork & Interpersonal influence
- Execution & Results
- Planning & Decision Making
- Innovation
- Managing Change and ambiguity by creating Win-Win
- Determination(Contextual and Flexible)
- Learning Ability
- Making & Navigating proposals
- Scanning, Networking & External orientation