Team Member - Group Consolidation
Cipla · Lower Parel
Collected role description
<span class="jobdescription"><div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Division</H2> </div><div></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Department</H2> </div><div></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Sub Department 1</H2> </div><div></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Job Purpose</H2> </div><div><p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Prepare and present financials within the Corporate Accounts function as per requirements specified by relevant stakeholders and Senior Management internally for enabling better decision-making and also for statutory compliances</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Key Accountabilities (1/6)</H2> </div><div><p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Ensure standardisation of closing calendar and design templates and drive evaluation of SAGA Group financials for BSR review to ensure accurate trial balance</span></p> <p class="MsoListParagraph" style="text-align:justify;text-indent:-18.0pt;margin:4.0pt 0.0cm 4.0pt 36.0pt"><span style="font-family:Symbol"><span>·<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Prepare the closing schedule well in advance for circulation</span></p> <p class="MsoListParagraph" style="text-align:justify;text-indent:-18.0pt;margin:4.0pt 0.0cm 4.0pt 36.0pt"><span style="font-family:Symbol"><span>·<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Plan activities and account provisions based on closing schedule through regular and early follow up of activities. </span></p> <p class="MsoListParagraph" style="text-align:justify;text-indent:-18.0pt;margin:4.0pt 0.0cm 4.0pt 36.0pt"><span style="font-family:Symbol"><span>·<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Monitor adherence to timelines by designing formats wherever possible to save on time.</span></p> <p class="MsoListParagraph" style="text-align:justify;text-indent:-18.0pt;margin:4.0pt 0.0cm 4.0pt 36.0pt"><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Facilitate <strong>Controller forum</strong> to review and improve the hygiene of the financial statements of SAGA Group Subsidiaries</span></p> <ul style="margin-top:0.0cm" type="disc"> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Conduct and facilitate controller forum on periodic basis</span></li> </ul> <p class="MsoListParagraph" style="text-align:justify;text-indent:-18.0pt;margin:4.0pt 0.0cm 4.0pt 36.0pt"><span style="font-family:Symbol"><span>·<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Improve the rigour of Balance sheet review (BSR) and target automation to improve the same</span></p> <ul style="margin-top:0.0cm" type="disc"> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Monitor the execution of action points agreed upon in the forum.</span></li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Key Accountabilities (2/6)</H2> </div><div><p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Preparation of Audit committee deliverables </span></p> <ul style="margin-top:0.0cm" type="disc"> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Finalisation of significant transactions report for approval and review in audit committee.</span></li> </ul> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Preparation and Finalisation of loan/investment utilisation summary on quarterly basis for review and approval in audit committee.</span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Liaise and resolve audit queries to achieve full compliance and nil re-raised queries and ensure proof reading annual report prepared annually to achieve error free reporting.</span></p> <ul style="margin-top:0.0cm" type="disc"> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Liaise with statutory auditors, engage in discussions and respond to close out their queries as and when received.</span></li> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Help them with the relevant contact points to facilitate them the data from other stakeholders</span></li> </ul> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Liaison with auditors for LR report and audit report for quarter / annual results publishing.</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Key Accountabilities (3/6)</H2> </div><div><p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Assist in the preparation of Annual report, engage in proofreading to achieve error-free reporting</span></p> <ul style="margin-top:0.0cm" type="disc"> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Prepare disclosures of financial statement for assigned areas as prescribed by accounting standards</span></li> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Consolidate manuscripts from different contributing teams</span></li> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Proof read data against manuscripts, discuss with parallel teams and accommodate suggestions</span></li> </ul> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Liaise with printer for incorporation of changes and correction of erorrs</span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Contribute in new system implementation and drive automation of various reports and activities to bring in system & MIS improvements</span></p> <ul style="margin-top:0.0cm" type="disc"> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Take initiative to contribute towards improvisation of system functions</span></li> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Suggest changes/modifications to SAP/BPC/Finalyzer/Power BI and other reporting formats</span></li> </ul> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Provide inputs, participate in testing and implementation of automation tools</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Key Accountabilities (4/6)</H2> </div><div><p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Mentor accountants to resolve accounting queries and also guide to achieve standard practices and processes</span></p> <ul style="margin-top:0.0cm" type="disc"> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Assist to accountants to resolve queries on accounting </span></li> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Guide and help to standardise formats and reconciliations on a timely basis</span></li> </ul> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Checking of all Annual Performance Report (APR), Foreign liabilities and Asset (FLA) and other filling to regulatory authority before submission.</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Key Accountabilities (5/6)</H2> </div><div><p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Review SAGA Group Subsidiaries Financials and Analysis on Monthly basis in order to ensure correctness of financials</span></p> <ul style="margin-top:0.0cm" type="disc"> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Review of subsidiary financials on monthly and quarterly basis at GL level for variance comments to include in P/L and balance sheet deck shared with GCFO/GCEO and audit committee. </span></li> </ul> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Ensuring Intercompany transactions accounting and reconciliation.</span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Co-ordination / Finalisation of audit and accounting of all subsidiaries (SAGA Group Entities) for group financial statements consolidation</span></p> <ul style="margin-top:0.0cm" type="disc"> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Co-ordination with various subsidiaries for finalisation of accounts on time for proper consolidation</span></li> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Finalisation of audit for all subsidiaries within time without qualification</span></li> <li class="MsoNormal" style="margin-top:4.0pt;margin-bottom:4.0pt;text-align:justify"><span>Ensuring all signed financial are received and tallied with trial balance submitted for consolidation at year end.</span></li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Key Accountabilities (6/6)</H2> </div><div><p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Support<strong> consolidation procedures </strong>to ensure statutory compliance, financial reporting & publishing</span></p> <p class="MsoNormal" style="text-align:justify;text-indent:-21.25pt;margin:4.0pt 0.0cm 4.0pt 37.05pt"><span style="font-family:Symbol"><span>·<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Review standalone financial statements of allocated entities of the Group for closing of monthly / quarterly / annual consolidated financial reporting.</span></p> <p class="MsoNormal" style="text-align:justify;text-indent:-21.25pt;margin:4.0pt 0.0cm 4.0pt 37.05pt"><span style="font-family:Symbol"><span>·<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Preparing an consolidation adjustment working including Ind AS 116, Unrealised profit elimination etc. and post the same in BPC.</span></p> <p class="MsoNormal" style="text-align:justify;text-indent:-21.25pt;margin:4.0pt 0.0cm 4.0pt 37.05pt"><span style="font-family:Symbol"><span>·<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Review financials of allocated entities from statutory and compliance standpoint on annual basis.</span></p> <p class="MsoNormal" style="text-align:justify;text-indent:-21.25pt;margin:4.0pt 0.0cm 4.0pt 37.05pt"><span style="font-family:Symbol"><span>·<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Benchmark industry practices on an annual basis for significant accounting policies and notes to accounts in the financial statements.</span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Complete first level review of related party disclosure of allocated <span> </span>subsidiaries prepared on half year basis for filling to stock exchange. </span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Major Challenges</H2> </div><div><p class="MsoListParagraphCxSpFirst" style="text-align:justify;text-indent:-18.0pt;margin:3.0pt 0.0cm 3.0pt 21.0pt"><span><span>-<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Dealing with multiple stakeholders across geographies with different time zone. Proper planning helps to overcome with this challenge</span></p> <p class="MsoListParagraphCxSpLast" style="text-align:justify;text-indent:-18.0pt;margin:3.0pt 0.0cm 3.0pt 21.0pt"><span><span>-<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Closing calendar and rigorous monitoring helps to overcome the same. </span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">stringent timeline for completion the group consolidation leading to late sitting/ work life balance – proper planning may avoid little bit of this challenge</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Key Interactions (1/2)</H2> </div><div><ul style="margin-top:0.0cm" type="disc"> <li class="MsoNormal" style="text-align:justify"><span>IR Team for Quarterly submission of inputs for IR deck, press release and CEO/CFO speech</span></li> <li class="MsoNormal" style="text-align:justify"><span>Secretarial (regular interaction) – interaction to share results and similar data for upload, discuss changes in Annual Report, Accounting of Shareholder related values</span></li> <li class="MsoNormal" style="text-align:justify"><span>Subsidiaries finance team members for financials along with BU finance teams on monthly basis</span></li> </ul> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Various teams within finance function and outside finance functions be it manufacturing finance, costing team, treasury team, tax team, BU finance teams etc. for completion of financials on ongoing basis</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Key Interactions (2/2)</H2> </div><div><ul style="margin-top:0.0cm" type="disc"> <li class="MsoNormal" style="text-align:justify"><span>Statutory Auditors (regular interaction) – close out queries, seek suggestions on fundamental queries or changes in standards</span></li> <li class="MsoNormal" style="text-align:justify"><span>Internal Auditors (as and when required) – co-operate and provide them data required for the area under audit</span></li> <li class="MsoNormal" style="text-align:justify"><span>Accountants of subsidiary entities (regular interaction) – to get data for compiling financial statements, variance analysis, queries on subsidiary financials and to intimate of any areas of change that needs to be adapted on an overall basis</span></li> <li class="MsoNormal" style="text-align:justify"><span>Statutory auditors for completion of audit monthly, quarterly and annual basis.</span></li> <li class="MsoNormal" style="text-align:justify"><span>Various consultants for getting financials for subsidiaries on monthly basis</span></li> <li class="MsoNormal" style="text-align:justify"><span>Auditors for completion of audit related to all subsidiaries on annual basis</span></li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Dimensions (1/2)</H2> </div><div><p class="MsoListParagraphCxSpFirst" style="text-align:justify;text-indent:-18.0pt;margin:4.0pt 0.0cm 2.0pt 72.0pt"><span><span>a.<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>No. of Subsidiaries/Associates – More than 50 held directly and indirectly</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-align:justify;text-indent:-18.0pt;margin:4.0pt 0.0cm 2.0pt 72.0pt"><span><span>b.<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Turnover and Profit as of March 2024 – Above ₹25,000 crores and ₹4000 crores</span></p> <p class="MsoListParagraphCxSpMiddle" style="text-align:justify;text-indent:-18.0pt;margin:4.0pt 0.0cm 2.0pt 72.0pt"><span><span>c.<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>On roll employee count – About 27000</span></p> <p class="MsoListParagraphCxSpLast" style="text-align:justify;text-indent:-18.0pt;margin:4.0pt 0.0cm 2.0pt 72.0pt"><span><span>d.<span style="font:7.0pt 'Times New Roman'"> </span></span></span><span>Financials to consolidate and coordinate for audit – more than 50 financial statement</span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Team Size – 5-8 members</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Dimensions (2/2)</H2> </div><div></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Key Decisions (1/2)</H2> </div><div><p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Routine provisions and accounting entries</span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Finalisation of subsidiaries financials statement up-to certain materiality level</span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Finalisation of audit report for subsidiaries and group consolidation </span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Various discussion with auditors/consultants up-to certain materiality level</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Key Decisions (2/2)</H2> </div><div><p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Significant change in method for calculation of provisions</span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Any change or improvement in formats/financials</span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">Financial statement related point above certain materiality level </span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">On various policy choices related to accounting </span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">On presentation of financial statements and notes to accounts</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Education Qualification</H2> </div><div><p><span style="font-size:10.0pt;font-family:'Arial', sans-serif">CA</span></p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Relevant Work Experience</H2> </div><div><p class="MsoNormal"><span>3-5 years of accounting experience and strong background of controllership role.</span></p> <p><span style="font-size:10.0pt;font-family:'Arial', sans-serif"><span> </span>knowledge of Accounting and Consolidation (IND AS) knowledge, Communication skills, SAP & BPC tool knowledge and hands-on experience is an added advantage</span></p></div></div></div> </span>
Collected experience requirement
3-5 years