Vice President - Financial Accounting - Holding Company Group

VP Financial Accounting, Holding Company Group

We are currently seeking an experienced professional to join our team in the role of VP - Financial Accounting, Holding Company Group GSC

Global Finance Operations is the backbone of the Finance function, responsible for production activity and end-to-end processes for our global businesses and legal entities.

Financial Accounting Operations (FA Ops) is responsible to provide outstanding support to the Financial Controllers in the areas of Period End Close (PE), External reporting (i.e IFRS/FINREP/GSIB/CE, Regulatory Reporting, Statutory Reporting, Notes to the Accounts etc), Site Reporting (MI and manual returns) and Balance Sheet Substantiation. FA Ops ensures that there are adequate controls on the sourcing, preparation and reporting for all outputs to be produced.

Principal responsibilities:

- We are currently seeking an expert individual to join this team in the role of VP - Financial Accounting - Holding Company Group

- Financial Accounting for these entities including period end close, accounting controls and balance sheet substantiation leading into IFRS reporting which is a key input into the GFR process.

- Annual Statutory accounts preparation including planning, coordinating, with various stakeholders including Auditors, Tax, Cosec., Treasury, Fin. Control, Board of directors etc.

- Running impairment testing for Investment in Subsidiaries and Non-Financial Assets as per IAS 36. Producing final memo and getting it reviewed with respective stakeholders.

- Manage and continuous monitoring of adequacy of internal controls in the process. Establish and run a strong quality control framework for outputs and activities in end-to-end process.

- The role holder will play an important role in supporting Group Treasury and Group Financial Control in strategic transactions (capital and funding, Group restructures and M&A activity) and is also responsible for resolving accounting issues and judgements, leading the relationship with external auditors and in implementing solutions and accounting requirements for new products. Ensuring accurate accounting for complex events such as merger, restructure, dividend distributions, share based payment, pensions etc. under IFRS.

- Ensuring accurate accounting for complex events such as merger, restructure, dividend distributions, share-based payment, pensions etc. under IFRS.

- Writing up papers and presenting them to key committees like Balance Sheet Steering Committee, external auditors, senior management etc on key matters and issues.

- Providing robust analytical review of Financial Statements and key MI.

- Ensure robust balance sheet substantiation with adequate evidence of review of in scope accounts.

- Coordinate with the group finance teams for the preparation of accounts, timely closure of GL, and completion of Site Reporting.

Qualifications:

Requirements:

- CA/CPA/ACCA/MBA/ICWAI with at least 12+ years of post-qualification experience in accounting and reporting.

- Prior experience in month end close/Reporting processes and Statutory Reporting is required.

- Excellent communication skills, including experience of explaining complex technical matters simply. Strong command over spoken and written English is essential for the role.

- Experience of Holding Company in Group or Regional consolidation is preferred.

- Ability to deal with and analyse unstructured problems and queries and to question and challenge existing procedures.

- Proven track record of role in controllership in BFSI sector and sound knowledge of financial products and businesses.

- Effectively manage key relationships with senior stakeholders, including the Finance Controller Group Entities, Financial Controller Group Holding Companies

- Good knowledge/prior experience in usage of technology-based solutions will have an added advantage.