Manager - CIG -

Job Purpose
To provide support in preparation of Consolidated Financial Statements (CFS) related to preparatory, monitoring, follow-up, and documentation works for preparation of CFS of GAL/GPUIL in order to enable the Corporate CIG team to get the CFS of GAL/GPUIL audited and to submit the same as per the format prescribed by SEBI LODR / Companies Act within the management-defined timelines. Further, to also prepare the CFS of intermediary holding companies like GHIAL, GEL, GHWL, etc., get the same audited and submit these to the CFOs/FCs of respective Cos. for their approval and further action.
In addition, he will also be responsible for creating, maintaining, and monitoring the grouping of GLs in BPC and maintaining the company's relationships master data in the BPC tool.
ORGANISATION CHART
Key Accountabilities
Accountabilities
Collection of shareholding patterns from all Group Entities
Verify RPT, follow up on missing RPT, identify gaps, and ensure corrections are made.
Pass elimination entries for Group company transactions.
Refresh standalone numbers in financial models from BPC.
Verify numbers with standalone financials along with groupings
Identify elimination gaps with standalone numbers.
Ensure corrections are made in standalone financials.
Pass Joint Venture / Associate’s Profit / Loss share entries in the consol financials in the BPC.
Ensure all Entity presentations for management review have been received
Verify that numbers are correctly flowing in financial dashboard
Verification of Newspaper Publication numbers
Preparation of Monthly MIS.
Preparation of Quarterly Consolidated Forecasting.
Preparation of Consolidated Monthly Annual Operation Plan (AOP).
Review of standalone financials of GMR Airport Limited (GAL) & GMR Power and Urban Infra Limited (GPUIL).
Prepare closing schedule for the group on quarterly basis.
Monitor progress of the schedule & highlight /escalate any slippages.
Support in preparation of Consolidation of financials statements of GAL and GPUIL.
Consolidate Power, Roads, EPC, Smart Meters and Other sector financials and also the intermediary Holding companies 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.
Initiate and drive implementation of common initiatives related to regulatory requirements across the group such as Schedule III changes and Companies Act 2013 requirements.
Stakeholder Management:
Ensure satisfactory and timely resolution of queries from subsidiaries.
Closely interact with the auditors and resolve or escalate consol audit issues.
Co-ordinate & monitor preparation of analysis of the financials and variance analysis for management review.
Co-ordinate & monitor preparation of audit committee presentation.
Analysis of financials & Audit committee presentation.
To ensure the Monthly / quarterly Consol financials are closed on time
Process Improvement
Study current processes and identify opportunities for automation or the introduction of new tools to improve accuracy, turnaround time (TAT), and other Service Level Agreement (SLA) parameters
Identify improvement areas in the consolidation process and initiate action for deployment of the same.
Statutory Support and Compliance Process
Support and arranging the data & providing the respective details to MAG team & resolved all their queries for the respective period.
Provide support for both statutory and internal audits by ensuring all book closure activities comply with required standards and regulations.
People Management:
Ensure proper coordination with the team and the employees
Assign activities among team members for preparation of required financial information for CFS and related working papers.
KEY ACCOUNTABILITIES - Additional Details
EXTERNAL INTERACTIONS
External - Roles you need to interact with outside the organization to enable success in your day to day work
Lenders & Underwriters:
For tying up of funds for new as well as existing projects. For meeting timely requirement of funds for its smooth functioning.
For timely disbursements for existing projects.
Lenders’ Legal Counsel: For finalization and execution of financing agreements in order to achieve Financial Closure and subsequent fund requirements in the projects.
Lenders’ Insurance Advisor: To secure the project from any natural unforeseen future event that is out of the control of Project Developer.
Rating Agencies/Consultants: To provide the relevant information/data in order to obtain the rating.
INTERNAL INTERACTIONS
Consol Finance Team
Business Finance Team
MAG Team
Secretarial team
SSC Teams (i.e. F& A, FA, HR, DT, IDT, P & C etc.
FINANCIAL DIMENSIONS
Consolidated annual financial turnover to the tune of Rs. 19,000 Crs.
Other Dimensions
Number of subsidiaries and joint ventures—120
Number of Group Auditors Interacted: -60
Team Size-2
Education Qualifications
CA/ICWA/MBA with specialization in Finance from a recognized Institute
Relevant Experience
8 to 11 years of responsible position in the finance and accounts department of a large organization, preferably from Infra Space
Through understanding of Ind AS & accounting closure processes
Exposure to BPC and SAP
Soft spoken and good interpersonal skills
Excellent analytical and problem-solving skills
Excellent Proficiency with MS office especially in MS Word, Excel, PPT etc.
Strong in Communication and coordination skills
Leadership and Team Management skills
Self-motivated with positive attitude
Quick learner and zeal to learn
Adaptable to the situation
COMPETENCIES
Stakeholder Focus
Networking
Execution & Results
Teamwork & Interpersonal influence
Problem Solving & Analytical Thinking
Planning & Decision Making
Capability Building
Strategic Orientation
Personal Effectiveness
Entrepreneurship
Social Awareness

Skills
Excel, Process Improvement, Accounting, SAP, Documentation

Experience
8-11 yrs

Work arrangement
No