Lead - Consolidation
Lead - Consolidation65
Applications
65
Applications
Navi Mumbai
Full-Time
Mid-Level: 4 to 6 years
Posted on Apr 22 2024
About the Job
Skills
Consolidation
IndAS
Financial Statement
Generally Accepted Accounting Principles (GAAP)
Consolidated Financial Statements
indian accounting
Basic Information
Position – Lead - Consolidation
Reporting To – Head - Retail Consolidation
Location – RCP, Mumbai
Job Description:
We are seeking a skilled and experienced candidate to join our finance team. The ideal candidate should be a Chartered Accountant with 4 to 6 years of experience, specializing in financial consolidation, financial statements, Indian Accounting Standards (IndAS), and accounting practices.
Responsibilities:
- Manage the consolidation of financial statements for the company and its subsidiaries, ensuring accuracy, completeness, and compliance with Indian Accounting Standards (IndAS) and other regulatory requirements.
- Coordinate with subsidiary finance teams to collect, review, and consolidate financial data in a timely manner.
- Prepare consolidated financial statements, including balance sheets, income statements, and cash flow statements, adhering to established accounting principles and standards.
- Analyze intercompany transactions and balances, ensuring proper elimination and reconciliation during the consolidation process.
- Review subsidiary financial statements for accuracy and compliance with accounting standards, addressing any discrepancies or issues as necessary.
- Prepare consolidation entries and adjustments to ensure consistency and accuracy in financial reporting.
- Assist in the implementation of accounting policies, procedures, and controls to improve the efficiency and effectiveness of the consolidation process.
- Stay updated on changes in accounting standards and regulations, and ensure compliance with relevant accounting principles and guidelines.
- Collaborate with external auditors during the audit process, providing support and documentation for consolidated financial statements and related disclosures.
- Provide support for ad-hoc financial analysis, reporting, and special projects as needed.
Skills and Qualifications:
- Chartered Accountant (CA) qualification is mandatory.
- 4 to 6 years of experience in financial consolidation, financial statement preparation, and accounting.
- Strong knowledge of Indian Accounting Standards (IndAS) and other relevant accounting principles and standards.
About the company
Reliance Retail is India's largest, fastest growing and most profitable retailer with a diversified omni-channel presence via integrated store concepts, digital and new commerce platforms. We provide consumers with an outstanding value proposition, superior quality products and an unmatched shopping experience.
Founded in 2006 with a view to revolutionize retail in India, we have, over the yea ...Show More
Reliance Retail is India's largest, fastest growing and most profitable retailer with a diversified omni-channel presence via integrated store concepts, digital and new commerce platforms. We provide consumers with an outstanding value proposition, superior quality products and an unmatched shopping experience.
Founded in 2006 with a view to revolutionize retail in India, we have, over the years, developed and perfected our capabilities across people, processes and technology to meet our end objectives of creating a win-win proposition for our stakeholders across the value chain viz. Customers, Manufacturers/Farmers, Merchants, Brand Partners as well as of enhancing financial income and job security for tens of millions of Indians.
Today, Reliance Retail serves a loyal customer base of more than 193 million across the country, catering to daily and occasional needs across the major consumption baskets of Consumer Electronics, Fashion & Lifestyle, Grocery, Pharma and Connectivity. We operate the largest store network in the country with 15,000+ stores, spread over 42 million square feet of retail space and present across 7,000+ cities. Our omni-enabled store networks and extensive portfolio of digital commerce platforms bolstered by a strong supply chain and technology infrastructure, and supported by a well-trained workforce enable us to provide customer service par excellence.
We continue to build our capabilities through organic growth, acquisitions, partnerships and strategic investments to strengthen our competencies and bolster our product offerings. Our strong own brand portfolio is complemented by an equally strong brand partner portfolio, as Reliance Retail continues to be the partner of choice for leading national and international brands. ...Show Less
Industry
Retail
Company Size
10001+ Employees
Headquarter
Mumbai, Maharashtra
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