Financial Reporting Manager

Company: Volvo Construction Equipment
Organization: Sales and Marketing
Location: India, Bangalore
Function / Department:  Finance Dept
Position Title: Financial Reporting Manager
Position Holder: L5
Reports To: Head of Financial Reporting

Job Summary:
Month End, Quarter End and Year End closures
Handling Satutory Audit, Cost Audit and Group Audit
Front End IT implementations for SAP Hana
 
Job Content:
Main Tasks/ Responsibilities / Authorities:
Month End & Quarter End Reporting
Master Finance Closure
Ensure all entries from feeder systems are posted in Master Finance.
Ensure posting of all accruals and provisions.
Ensure common cost allocations and closing entries posted.
Run all month closing activities
Lock Master Finance for the reporting period and transfer data to VGCS in working day 2
Leading Monthly VGCS Reporting
Reporting of quantity information in A1 pack on working day 2.
Reporting of Intercompany and transfer pricing in A2 pack on working day 3.
Reporting of Balance Sheet P&L and Statistical items in A3 pack on working day 4.
Preparation of MIS and month end ppt deck.

Audit
Statutory Audit
Be the key SPOC between VCEIPL & Auditors constantly monitoring audit status, handling audit queries and information requests.
Preparation of statutory financials along with all notes and disclosures.
Making adjustments to group reported data in accordance with Indian GAAP.
Preparation of audit schedules and General Ledger level.
Gathering data for business control for schedule supporting.
Group audit and Hard close audit.
Prepare the audit schedules as per the audit scope for the company.
Handle further data requests and audit queries from auditors.
Assistance in preparing the final report from auditors to group.

Tax & Cost Audit
Support the Tax Lead in the Tax Audit
Handle and closure of Cost Audit
Provide relevant data & reconciliations necessary to complete the Tax & Cost Audit

Other activities
Balance Sheet reconciliation and GL Analysis
Key user for Accounting Systems (Master Finance)
Perform & ensure Performance of the Internal Control activities to ensure controls are in place in the Reporting & Master Data Processes
Support relevant data requests in an efficient and timely manner (e.g. National Statistical Survey, RBI compliances, Ministry of Corporate Affairs, Tax Authorities, and Credit Rating Agencies etc.)
Responsible for performing and coordinating testing where there are system changes to Master Finance or relevant feeder systems
Automation:
Drive automation across the Accounting & Reporting processes

Key Skills: SAP/Blackline/Power BI and advance excel
(You will find these key Skills in the “Volvo CE Key Skills Dictionary” included in common).

 Chartered Accountant or a Cost Accountant
 7-10 Years of relevant experience
2. Additional Important Requirements:
 Exposure towards Power BI and Blackline preferred
Geographical context in which knowledge is applied: Local

Amendments to the Job Description:
This is a description of the job as it is at present constituted. It is the company’s practice to periodically examine employee’s job descriptions and to update them to ensure that they relate to the job as it is performed, or to incorporate whatever changes are being proposed. The line manager in consultation with the post holder concerned jointly conducts this procedure. It is the company’s aim to reach agreement to reasonable changes, but if agreement is not possible management reserves the right to insist on changes to the job descriptions after prior consultations.