Deputy Manager - Financial Accounting & Reporting - IndAS/IFRS - Retail - CA

Deputy Manager - Financial Accounting & Reporting - IndAS/IFRS

Responsibilities:

- Please go through the JD and the requirement carefully before applying for this position as we are looking at candidates only from specific industries. Request candidates from IT, Auditing firms and Big 4 to not to apply for this role. This opportunity is for a global retail multinational and we are looking for candidates only from business or corporate finance only. We prefer candidates from Retail, FMCG or other B2C organizations due to our retail business.

- This position will cover wide range of finance operation, like Fixed Assets management, Internal controls, Statutory Audit, ICoFR, Internal audit, Tax Audit, Monthly closing, Group reporting, Statutory accounting, etc. He/She is also expected to support the team in daily finance operations.

- Following FR's global one policy and rule, at the same time need to comply with local regulatory requirement

- Preparation of complete financial statements independently in accordance with IND-AS, Accounting policies, Notes to accounts (including related party schedule/ disclosures, lease disclosure, FX exposure, MSME reporting etc)

- Conduct Statutory and Internal audit with Big 4 auditors within specified timelines. Independently execute, planning phase, monitor, PBC, faciliate timely flow of information to auditors from finance and all other departments in company

- Assist auditors in testing of internal control over financial reporting, providing samples, arrange meeting with other departments, risk assessment, resolve queries and satisfy operating effectiveness of ICoFR

- Facilitate roll forward analysis for auditors

- Month end accounting and closure in according with Uniqlo group guidelines and IFRS by Business Day 7, Balance -Sheet and P&L analysis and preparation of schedules

- Quarterly group reporting, filing group checklists, packages in accordance with books of accounts and balance sheet by Business day 10

- Finalizing monthly accruals with all departments, calculation of re-accrual by comparing invoices received for previous month invoices, comparing with budget to calculate over/ under spent, accrual for leave encashment, gratuity, Bonus etc

- Review and ensure accuracy of prepaid expenses and monthly balances in balance sheet, review booking of store petty cash balances

- Calculation of potential inventory devaluation for next quarter considering stock movement and business performance

- Calculation of Right of Use asset and lease liability for every store and start amortization by handover date

- Fair value calculation for Security deposits and unwinding interest

- Make return provisions and stock loss provision monthly according to group guidelines/ IFRS

- Impairment testing for stores, provision for ARO, and interest amortization

- Calculation of purchase vs cost of goods sold with inventory movement

- Fixed asset management and own the project in coordination with other finance team members. Regular discussion and coaching to all business functions and resolve their queries

- Monitor fixed assets reporting regularly in asset management tool, conduct annual physical verification with business functions and account for all discrepancies

- Review of fixed asset register prepared by members and check/ maintain according to Indian accounting standard

- Booking Salary Journals in SAP and Maintain YTD reconciliation for hold salary

- Monthly FX run in SAP and reversal of FX on goods in transit

- Cost allocation in Management ledger

- Maintain reconciliation between Group ledger and local ledger for statutory accounting/ reporting purposes

- Maintain strong relationship with Store development, store operations, legal, IT, Merchandizing, and E-Commerce teams to complete all accounting, month end and financial reporting tasks

- Deferred tax calculation in accordance with Ind-AS and IFRS

- Monthly Actual vs budget analysis.

- Inter-co movement schedule and reconcile with vendor and expense ledgers

- Assisting other departments with accounting and financial information, as needed, verifying accounting discloures in legal filings, MSME returns as per audited financial statements and books of accounts

- Assist tax team with their requirements for financial information and help them to understand impact of accounting and IFRS transaction in tax filings.

- Handling global accounting and closing projects like Cadency implementation

Qualifications and Experience:

Essential:

- Chartered Accountant with 5 year of experience. Please do not apply if you have more than 8 yrs of experience as our salary budget is structured only for the mentioned experience.

- Excellent relationship management and dealing with multiple stakeholders is the key for this role. This is mandatory to be successful in performing day to day operations

- Multi-tasking and projects management skills is MUST to have

- Good knowledge of Ind-AS/IFRS

- Prior experience in financial reporting, accounting and audits

- Strong knowledge of SAP and excel

- Humble and team player with positive and problem solving attitute. Should be able to maintain a dialogue with all stakeholders and reach to a solution.

- Fluent English

Desirable : Experience of retail business, especially apparel business