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Manager - Consolidation

Date:  8 Nov 2024
Location: 

PG03FA06 (PG03FA06), IN

Company:  GMR Airports Limited (GIL)

JOB PURPOSE

Perform consolidation of financial statements of GIL and review standalone financial statements of GIL and associated activities to provide a comprehensive & accurate overview of the group’s financial health, enable effective decision-making, stakeholder communication, compliances and risk-management.

ORGANISATION CHART

This position will report to Dy Head CIG. 

KEY ACCOUNTABILITIES

Key Accountabilities:

  • Communicate Accounts Closing Calendar to subsidiary teams as guideline for quarterly closing of accounts. Monitor the closing schedule for adherence
  • Ramp up the closing calendar process to enable timely closing of monthly accounts
  • Perform consolidation of financial statements of GIL
  • Review financials received from subsidiaries / joint venture companies for completeness. Discuss with the subsidiary team members and provide required clarification / guidance where required
  • Review Related Party Transactions (RPT) data received from subsidiaries and update the RPT transactions in Consol Model
  • Provide clarification to auditors for completion of audit
  • Review of Standalone financials, Audit Committee and Board presentation of GIL on quarterly basis
  • Business valuation for fair valuation and impairment testing of investment in subsidiaries, joint venture and associates.
  • Coordinating with statutory auditor for timely completion of audit and resolving the audit queries.
  • Other activities like Tax Audit and Annual Report, providing the supporting to the strategic finance team on various fund raising and various restructuring activities etc.

KEY ACCOUNTABILITIES - Additional Details

EXTERNAL INTERACTIONS

External -

Auditors- For Audit of GAL Consolidation

Service Provider- For overseas entities for finalization of financials

PE Investor- For providing requested information

INTERNAL INTERACTIONS

Internal -

Subsidiary (DIAL, GHIAL)/JVs (DIAL & GHIAL JVs)- To prepare consolidated financials inputs from subsidiaries and JVs are taken

FINANCIAL DIMENSIONS

OTHER DIMENSIONS

  • Role requires regular interaction with all airport sector subsidiaries, JVs and parent company like DIAL, GHIAL and their subsidiaries/JVs 
  • Role is supported by 2 subordinates.

EDUCATION QUALIFICATIONS

 

Chartered Accountant

RELEVANT EXPERIENCE

  • 6-7 years of total experience with minimum 2-3 years in consolidation of financials
  • Strong understanding of IndAS and working knowledge of SAP is required
  • Having knowledge of merger /acquisition/IPO/QIP related matters

COMPETENCIES

  • Personal Effectiveness
  • Social Awareness
  • Entrepreneurship
  • Problem Solving & Analytical Thinking
  • Planning & Decision Making
  • Capability Building
  • Strategic Orientation
  • Stakeholder Focus
  • Networking
  • Execution & Results
  • Teamwork & Interpersonal influence

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