Cipla
Cipla | Team Member - Group Consolidation
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Job Highlights
Responsibilities
- Prepare and present financials within the Corporate Accounts function as per requirements specified by relevant stakeholders and Senior Management internally for enabling better decision-making and also for statutory compliances.
- Ensure standardisation of closing calendar and design templates and drive evaluation of SAGA Group financials for BSR review to ensure accurate trial balance.
- Prepare the closing schedule well in advance for circulation.
- Plan activities and account provisions based on closing schedule through regular and early follow up of activities.
- Monitor adherence to timelines by designing formats wherever possible to save on time.
- Facilitate Controller forum to review and improve the hygiene of the financial statements of SAGA Group Subsidiaries.
- Conduct and facilitate controller forum on periodic basis.
- Improve the rigour of Balance sheet review (BSR) and target automation to improve the same.
- Monitor the execution of action points agreed upon in the forum.
- Preparation of Audit committee deliverables.
- Preparation and Finalisation of loan/investment utilisation summary on quarterly basis for review and approval in audit committee.
- Liaise and resolve audit queries to achieve full compliance and nil re-raised queries and ensure proof reading annual report prepared annually to achieve error free reporting.
- Liaise with statutory auditors, engage in discussions and respond to close out their queries as and when received.
- Liaison with auditors for LR report and audit report for quarter / annual results publishing.
- Assist in the preparation of Annual report, engage in proofreading to achieve error-free reporting.
- Prepare disclosures of financial statement for assigned areas as prescribed by accounting standards.
- Consolidate manuscripts from different contributing teams.
- Liaise with printer for incorporation of changes and correction of erorrs.
- Contribute in new system implementation and drive automation of various reports and activities to bring in system & MIS improvements.
- Provide inputs, participate in testing and implementation of automation tools.
- Mentor accountants to resolve accounting queries and also guide to achieve standard practices and processes.
- Assist to accountants to resolve queries on accounting.
- Guide and help to standardise formats and reconciliations on a timely basis.
- Checking of all Annual Performance Report (APR), Foreign liabilities and Asset (FLA) and other filling to regulatory authority before submission.
- Review SAGA Group Subsidiaries Financials and Analysis on Monthly basis in order to ensure correctness of financials.
- Review of subsidiary financials on monthly and quarterly basis at GL level for variance comments to include in P/L and balance sheet deck shared with GCFO/GCEO and audit committee.
- Ensuring Intercompany transactions accounting and reconciliation.
- Ensuring all signed financial are received and tallied with trial balance submitted for consolidation at year end.
- Support consolidation procedures to ensure statutory compliance, financial reporting & publishing.
- Review standalone financial statements of allocated entities of the Group for closing of monthly / quarterly / annual consolidated financial reporting.
- Preparing an consolidation adjustment working including Ind AS 116, Unrealised profit elimination etc. and post the same in BPC.
- Review financials of allocated entities from statutory and compliance standpoint on annual basis.
- Closing calendar and rigorous monitoring helps to overcome the same.
- Auditors for completion of audit related to all subsidiaries on annual basis.
Requirements
- Knowledge of Accounting and Consolidation (IND AS) knowledge, Communication skills, SAP & BPC tool knowledge and hands-on experience is an added advantage.
About the company
Cipla Limited
Dr K.A. Hamied set up Cipla in 1935 with the goal of making medicines affordable and available to everyone who needed them. Based in Mumbai, with its registered office at Cipla House in Lower Parel, the company makes a broad range of generic medicines in many dosage forms, from tablets to inhalers, and has a long record in HIV/AIDS treatment. India, South Africa and the US are its key markets. Cipla's equity shares are listed on the BSE and the National Stock Exchange, and its global depository receipts on the Luxembourg Stock Exchange. Its plants in India include the Patalganga factory in Maharashtra, opened in 1984.
Cipla looks mainly for qualified Chartered Accountants for its finance teams in Mumbai (the Lower Parel head office and Vikhroli) and Bengaluru, though some roles accept an MBA (Finance) instead. The work covers plant-level factory finance and accounting, cluster finance management, FP&A (including planning for the manufacturing and quality functions) and group consolidation. CIMA, ACCA, CPA or a master's degree in finance or accounting are also accepted for some roles, and semi-qualified CAs are considered for others.
