Associate General Manager - F&A

JOB PURPOSE

• The role is responsible for preparation of GHIAL Annual, quarterly Ind AS consol financial statements, getting it reviewed from auditors and approval of the Annual accounts in the board meeting and upload the same in SGX yearly within 120 days and quarterly within 60 days from the end of year, quarter respectively,
  Review of monthly I GAAP and Ind AS financials received from SSC and ensure proper accounting of P&L, BS items,

  Ensure renewal of GHIAL insurance policies with in the due date, ensure raising of NASFT invoice on monthly basis and follow up for payment,

  Provision of  required information to both Statutory and  MAG auditor,

  Provision of required information to corporate and sector as and when required,

  Review of Trial balance relating to old outstanding balances and clearing the same.

  Atomization and process improvements both in Consol and treasury where-ever possible.

  He is also responsible to attend the requirements of the Auditors (both internal and external) and ensuring the implementation of their suggestions.

ORGANISATION CHART

KEY ACCOUNTABILITIES

Accountabilities
Preparation of Consolidated Annual Accounts of GHIAL including all its Subsidiaries and Joint Venture Companies and get the same audited by the Statutory auditors on timely basis
Preparation of condensed Consolidated financials for June, Sept and December  quarter of GHIAL including all its Subsidiaries and Joint Venture Companies for Bond covenants compliance and get the same reviewed from third party with in timelines
Review of I GAAP and Ind AS financial statements on monthly basis and notes to accounts on quarterly basis
Ensure proper accounting of TR Transaction including MF, CP, FD's & SAM and BRS for all GHIAL accounts. 
Automation/ Process Improvements in Treasury and Finance function and preparation of SOP/Closing check list as Required.
Own the Accounts Receivables function and lead the reporting & collection including old outstanding receivables.    
Provision of required information to corporate and sector finance team as and when required
Coordination with the statutory auditors and MAG to meet the audit documentation for smooth conduct of audit.
Ensure timely renewal of insurance of assets Large Risk, AOL and Terrorism and other policies
Ensure necessary approvals from ACM for Omnibus and non-Omnibus RPT transactions
Submission of periodical reports / information to MOCA / AAI /NASFT and ensure compliances to the SOP and guidelines issued by the MOCA etc. with respect to PSF Fund /ASF and co-ordination with MAG & CAG auditors.
Continuous improvement of process of preparation of Consolidated financials and XBRL filing of Annual CFS
Review of Trail Balance and ensure all the old outstanding balances have cleared 
Responsible for MIS reporting for subsidiaries & guide the MIS team in terms of co-ordination with various subsidiaries CFO and F&A team   
 

KEY ACCOUNTABILITIES - Additional Details

Accountabilities    Key Performance Indicators
Preparation of Consolidated Annual Accounts of GHIAL including all its Subsidiaries and Joint Venture Companies and get the same audited by the Statutory auditors on timely basis    Follow up with auditor and get it approved from auditor and ensure signing of financials on the board meeting date, uploaded with SGX with in 120 days from the end of FY.
Preparation of condensed Consolidated financials for June, Sept and December  quarter of GHIAL including all its Subsidiaries and Joint Venture Companies for Bond covenants compliance and get the same reviewed from third party with in timelines    Follow up with auditors and ensure the same is approved and uploaded in SGX with in the 60 days from closure of quarter.
Review of I GAAP and Ind AS financial statements on monthly basis and notes to accounts on quarterly basis    Review of IGAAP and Ind AS financials on monthly basis and ensure the same is completed by 5th working day of the following month.
Ensure proper accounting of TR Transaction including MF, CP, FD's & SAM and BRS for all GHIAL accounts.     Follow up with SSC-Treasury team to ensure proper accounting of MF, CP and FD entries and follow up with respective users on the pending BRS items 
Automation/ Process Improvements in Treasury and Finance function and preparation of SOP/Closing check list as Required.    Identification and improvement of treasury processes where ever required
Own the Accounts Receivables function and lead the reporting & collection including old outstanding receivables.        Interaction & follow up with user departments to collect old outstanding dues. Reporting of various parameters & stakeholder management. 
Provision of required information to corporate and sector finance team as and when required    Submission of all the required information to corporate as and when required
Coordination with the statutory auditors and MAG to meet the audit documentation for smooth conduct of audit.    Submission of required data to auditors to ensure smooth conduct and completion of audit
Ensure timely renewal of insurance of assets Large Risk, AOL and Terrorism and other policies    Renewal of GHIAL insurance policies with in the due date
Ensure necessary approvals from ACM for Omnibus and non-Omnibus RPT transactions    Preparation of list of Omnibus transactions and getting it approved from ACM on quarterly basis
Submission of periodical reports / information to MOCA / AAI /NASFT and ensure compliances to the SOP and guidelines issued by the MOCA etc. with respect to PSF Fund /ASF and co-ordination with MAG & CAG auditors.    Submission of required information to MOCA/AAI/NASFT as and when required
Continuous improvement of process of preparation of Consolidated financials and XBRL filing of Annual CFS    Atomization of Consol data plotting  
Review of Trail Balance and ensure all the old outstanding balances have cleared     Review of Trial Balance on quarterly basis and take appropriate action on old pending items.
Responsible for MIS reporting for subsidiaries & guide the MIS team in terms of co-ordination with various subsidiaries CFO and F&A team       Subsidiaries centralized MIS reporting to be owned. Guide & Mentor the MIS resource towards process improvement and effective consolidation of various subsidiary reporting

EXTERNAL INTERACTIONS

Consol Statutory Auditors – Audit Manager
Subsidiary Statutory Auditors – Audit Manager

Auditors, MOCA & AAI where-ever required

INTERNAL INTERACTIONS

- F & A Team , MAG team,

Technical, IT, SSC, FMS, HR, P&C, Security, and other internal deptt. of GHIAL

FINANCIAL DIMENSIONS

• Not applicable

OTHER DIMENSIONS

• Number of Subsidiaries and Joint Ventures  - 160
• Number of Group Auditors interacted – 15
• Team size - 6

EDUCATION QUALIFICATIONS

• CA

RELEVANT EXPERIENCE

• 10 - 12  years  of total experience  with about 6  years experience  in managing consolidation function in a company with large number of subsidiaries

COMPETENCIES