Deputy Manager - Corporate Accounts

Responsibilities & Key Deliverables

Purpose of the Role:

We are seeking an energetic Chartered Accountant to join our dynamic Consolidation team at Mahindra & Mahindra Ltd. In this pivotal role, you will be responsible for contributing to the preparation of consolidated financial statements, ensuring adherence to essential regulatory requirements including the Companies Act, SEBI LODR, and relevant Accounting Standards. Your keen analytical skills and diligence will be crucial in facilitating effective communication with various group companies within our organisation.

Your role will extend beyond compliance, as you will actively provide analytical insights that are integral to informed decision-making by management. This is a unique opportunity to play a key part in a high-performing team, committed to excellence and accuracy in financial reporting.

Responsibilities & Key Deliverables:

• Preparation of quarterly and annual consolidated financial results and statements according to the assigned portion, ensuring accuracy and completeness.
• Ensure compliance with all applicable Accounting Standards, Companies Act, and SEBI LODR requirements with regards to financial reporting and regulatory filings, including managing related party approvals and documentation.
• Conduct inter-company reconciliations and ensure that all data presented is consistent and reliable.
• Compile and evaluate group budgets to ensure they reflect the financial objectives and align with strategic goals.
• Foster interactions with group companies to gather necessary data and provide support in the accounting of critical transactions, enhancing collaboration and teamwork.
• Engage with auditors to facilitate the audit process, ensuring that all financial information is transparent and accessible.
• Analyse key events and transactions to determine their accounting implications, advising management on necessary actions.
• Stay abreast of accounting developments and proactively plan for their implementation within the team.
• Drive improvements in processes, embracing automation where feasible to enhance efficiency and reduce the time required for completion of accounting activities.
• Collaborate closely with team members, providing support where needed to foster a positive and productive working environment.

Experience

We are looking for candidates with 0-3 years of relevant experience in accounting, specifically within a corporate finance or consolidation environment. Strong foundational knowledge in financial reporting is essential.

Previous experience working with consolidated accounts or in a statutory audit capacity will be viewed favourably. Candidates should demonstrate the ability to adapt to changing financial landscapes and possess a strong understanding of regulatory requirements.

Qualifications

The ideal candidate will hold a qualification as a Chartered Accountant, demonstrating a commitment to the profession and the ability to apply accounting principles effectively. Candidates should be committed to continuous professional development and stay updated on industry trends and changes in legislation.

General Requirements

• Demonstrate in-depth knowledge of Ind AS and SEBI LODR requirements. Familiarity with literature from leading accounting firms regarding current issues, along with knowledge in US GAAP, is advantageous.
• Possess familiarity with the latest technologies utilized in accounting and reporting functions, such as Oracle Hyperion for consolidation purposes. A proactive approach towards learning and applying new tools will be an asset.
• Strong interpersonal skills are essential; you should be capable of building relationships across teams to facilitate collaboration and effective communication.
• Exceptional clarity in communication, both written and verbal, is a necessity to effectively articulate financial information to diverse stakeholders.