Finance Analyst

About the job

Role & responsibilities 1. Monthly Financial Reporting and MIS a. Co-ordinate Month end closure with rest of finance team and ensure rigour b. Co-ordinate with divisions outside SAP environment for book closure c. Performing GL revaluation and Depreciation run d. Analyse divisional working capital requirements and ensure allocation of financing costs and corporate overheads including common infrastructure. e. Generate period end financials and provide executive overview to CFO. f. Compile preparation of MIS presentation to management. g. Identification of exceptional expenses/items and reporting. 2. Financial Planning - Budgeting and Forecasts a. Coordinate annual operating plan with various heads of departments and Finance team leaders to develop schedule and deliverables. b. Generate monthly actuals and compare against budgets and Analyse causes for major deviations. c. Quarterly rolling forecasts to adjust Annual budget for market pricing and major business plan changes. d. Coordinate with subsidiaries and divisions for consolidated forecasts and annual budget. 3. Preparation of Financial Statements under Ind AS environment: a. Coordinate yearly statutory audits. b. Inventory Valuation and provision for old inventory. c. Yearend revenue adjustments for Ind AS 115. d. Analysis of debtors, creditors (MSME vendors separate details). e. Preparation of Related party transaction - schedule. f. Providing necessary details and follow-up for getting actuarial valuation reports. g. Coordinate with professionals for Fair Valuation of investments, investment property. h. Analysis of Year end trial balance. i. Preparation of Financial Statement as per Schedule III requirements. j. Liaison with auditors for smooth completion of audit. k. Passing of audit entries in the books and cross-checking the final TB with FS. 4. Preparation of Consolidated Financial Statements : a. Co-ordinate with the subsidiaries (person in charge for subsidiaries) and ensure intercompany accounts are reconciled on a monthly/quarterly basis with special attention to year end. b. Ensure sale-in transit entries are booked in the respective company's books, before the year end closing. c. Ensure necessary entries are passed for expense reimbursement, interest on loan, and other intercompany transactions- considering the TP requirements. d. Liaison with subsidiary company auditor with respect to the statutory auditors requirements /expectations. e. Collection of subsidiary FS in such format suitable for consolidation. f. Regroup/ Restate the data in tune with the CFS requirements in consultation with statutory auditors. g. Preparation of CFS and relevant schedules. h. Finalization of CFS audit. 5. General • Accounting advisor to CFO and Finance leadership team with evolving accounting standards. • Gatekeeper for GL chart of accounts and mapping structure within SAP linked to financial statements. This includes profit centers, cost centers, entity structure. • Interaction with SAP FICO personnel/IT for development of SAP reports and process improvements. • Direct Tax compliance and coordination with Tax auditors and transfer pricing requirements. Preferred candidate profile What would a successful candidate possess? • Qualified Chartered Accountant or CMA with prior industry experience or Big 4 accounting and audit firm desired. • Proficiency in Ind AS, IFRS and possess a strong accounting acumen. • Experience with SAP is strongly favored as well as other contemporary financial tools such as BPC, Power BI. • Expert level knowledge in MS excel is a must. • Knowledge of tax laws (GST and Direct Tax) and basic knowledge of International taxation. Desired Skills and attributes • Cross-functional Business Partnering - extensive familiarity with driving collaborative relationships and influencing decision-making across the functions, units and divisions. • Problem solving ability to find solutions to an organization's data management and reporting problems and to be able to adapt and modify solutions based on changing requirements. • Written and verbal communication – to communicate across business lines and report on findings and processes to management. • Analysis – to rigorously and effectively examine large quantities of data and derive insights from these datasets. • Continuous improvement initiatives – to be innovative, collaborative, resilient and courageous with a strong focus in adding value to the organisation.

Requirements

• Financial Reporting
• Budgeting
• Forecasting
• Accounting
• SAP experience

Qualifications

• Chartered Accountant
• CMA

Preferred Technologies

• Financial Reporting
• Budgeting
• Forecasting
• Accounting
• SAP experience

About the company

Synthite is committed to delivering well-structured financial services, including financial reporting, budgeting, forecasting and compliance. Our leadership believes in fostering an atmosphere where every employee contributes towards organizational excellence, utilizing advanced financial tools and technology.