Finance Executive Controllership

Job Summary:

The incumbent will be responsible for a broad spectrum of finance and accounting operations including month-end and quarter-end closing, statutory compliance, audit coordination, inter-company reconciliations, treasury accounting, and financial reporting. The role demands strong technical proficiency in accounting standards, attention to detail, and effective cross-functional coordination to ensure timely and accurate financial reporting.

Key Responsibilities:

Period-End Closing & Reporting: 

• Prepare and upload templates (ICO, Trial Balance, FARS, RPT, Loan, Cash & Bank, Tax) into FCCS.

• Execute quarter-end financial closures including finalization of entries, reconciliations, and report generation.

• Update Schedule A & B for tax reporting in Singapore entities.

• Prepare and submit BS, PL review templates and variance analysis.

2. Inter-Company Transactions & Reconciliations:

• Perform quarterly reconciliations of inter-company balances.

• Account for foreign exchange fluctuations (ERF) on ICO loans and bank balances.

• Maintain and update cross charge trackers for cost allocation across business segments.

• Ensure accurate recording of related party transactions and compliance reporting.

3. Fixed Assets & Depreciation:

• Run monthly depreciation cycles (WelCorp) and post depreciation entry for Cygnus.

• Update and reconcile Fixed Asset Register (FARS).

• Account for rent equalization adjustments as per IND AS.

4. Accounting Operations:

• Process accounting for loans, interest accruals (ICO, FD, NCD, WCDL), salaries, gratuity, royalty, CSR expenses, prepaid expenses, etc.

• Review and reverse CJE entries as required.

• Prepare provisions for tax, gratuity, and expenses based on trackers from relevant stakeholders.

5. Treasury Operations:

• Daily, monthly, and quarterly accounting entries for instruments such as Mutual Funds, OIS, GSec, NCDs, Forex, PMS, AIF, MLD, PTC, CCIRS.

• Reconcile investment tracker data with bank statements and ensure correct posting.

• Accrue interest on deposits and investments as per schedules.

6. Purchase Orders & Vendor Management:

• Initiate POs and GRNs through Newgen system based on SPOC requests.

• Ensure tax compliance and approval workflows are adhered to.

• Follow-up and resolve vendor advance issues and clear open items.

7. Audit & Compliance:

• Coordinate with auditors (India, Singapore, Cyprus) to provide required documentation, reconciliations, and justifications.

• Map GL codes between SAP and FCCS and initiate mapping requests for discrepancies.

• Handle audit fee processing and support payments. 

8. Taxation Support:

• Support TDS remittance and tax provision accounting.

• Provide quarterly estimates of income and expenses for advance tax purposes.

• Record interest on UTP and support tax team with required data.

9. Reporting & Documentation:

• Maintain accurate and timely reports for ageing (AR/AP/Inventory), loan tracking, and activity status (AFC).

• Reconcile GL and ICO on a periodic basis and take corrective actions on variances. 

Skills & Qualifications:

• CA / CMA / MBA (Finance) or equivalent.

• 3–6 years of relevant experience in financial accounting and reporting.

• Strong knowledge of IND AS and IFRS preferred.

• Experience in using ERP systems (SAP preferred) and financial consolidation tools (e.g., FCCS).

• Proficiency in MS Excel; experience with macros/VBA is a plus.

• Strong analytical, problem-solving, and communication skills.

Key Competencies:

• Meticulous attention to detail

• Time management and ability to meet tight deadlines

• Ability to work independently and collaboratively

• High integrity and professionalism

• Proactive problem-solving approach.