Manager - CIG -

Job PurposeTo provide support in preparation of Consolidated Financial Statements (CFS) related to preparatory, monitoring, follow-up, and documentation works for preparation of CFS of GAL/GPUIL in order to enable the Corporate CIG team to get the CFS of GAL/GPUIL audited and to submit the same as per the format prescribed by SEBI LODR / Companies Act within the management-defined timelines. Further, to also prepare the CFS of intermediary holding companies like GHIAL, GEL, GHWL, etc., get the same audited and submit these to the CFOs/FCs of respective Cos. for their approval and further action.In addition, he will also be responsible for creating, maintaining, and monitoring the grouping of GLs in BPC and maintaining the company's relationships master data in the BPC tool.ORGANISATION CHARTKey AccountabilitiesAccountabilities Collection of shareholding patterns from all Group Entities Verify RPT, follow up on missing RPT, identify gaps, and ensure corrections are made. Pass elimination entries for Group company transactions. Refresh standalone numbers in financial models from BPC. Verify numbers with standalone financials along with groupings Identify elimination gaps with standalone numbers. Ensure corrections are made in standalone financials. Pass Joint Venture / Associate’s Profit / Loss share entries in the consol financials in the BPC. Ensure all Entity presentations for management review have been received Verify that numbers are correctly flowing in financial dashboard Verification of Newspaper Publication numbers Preparation of Monthly MIS. Preparation of Quarterly Consolidated Forecasting. Preparation of Consolidated Monthly Annual Operation Plan (AOP). Review of standalone financials of GMR Airport Limited (GAL) & GMR Power and Urban Infra Limited (GPUIL). Prepare closing schedule for the group on quarterly basis. Monitor progress of the schedule & highlight /escalate any slippages. Support in preparation of Consolidation of financials statements of GAL and GPUIL. Consolidate Power, Roads, EPC, Smart Meters and Other sector financials and also the intermediary Holding companies and provide the same in time for review by the superiors, after highlighting the variations. Plan and manage consolidation team on day-to-day consolidation activities so as to achieve the above. Initiate and drive implementation of common initiatives related to regulatory requirements across the group such as Schedule III changes and Companies Act 2013 requirements.Stakeholder Management: Ensure satisfactory and timely resolution of queries from subsidiaries. Closely interact with the auditors and resolve or escalate consol audit issues. Co-ordinate & monitor preparation of analysis of the financials and variance analysis for management review. Co-ordinate & monitor preparation of audit committee presentation. Analysis of financials & Audit committee presentation. To ensure the Monthly / quarterly Consol financials are closed on timeProcess Improvement Study current processes and identify opportunities for automation or the introduction of new tools to improve accuracy, turnaround time (TAT), and other Service Level Agreement (SLA) parameters Identify improvement areas in the consolidation process and initiate action for deployment of the same.Statutory Support and Compliance Process Support and arranging the data & providing the respective details to MAG team & resolved all their queries for the respective period. Provide support for both statutory and internal audits by ensuring all book closure activities comply with required standards and regulations.People Management: Ensure proper coordination with the team and the employees Assign activities among team members for preparation of required financial information for CFS and related working papers.KEY ACCOUNTABILITIES - Additional DetailsEXTERNAL INTERACTIONSExternal - Roles you need to interact with outside the organization to enable success in your day to day workLenders & Underwriters: For tying up of funds for new as well as existing projects. For meeting timely requirement of funds for its smooth functioning.For timely disbursements for existing projects.Lenders’ Legal Counsel: For finalization and execution of financing agreements in order to achieve Financial Closure and subsequent fund requirements in the projects.Lenders’ Insurance Advisor: To secure the project from any natural unforeseen future event that is out of the control of Project Developer.Rating Agencies/Consultants: To provide the relevant information/data in order to obtain the rating.INTERNAL INTERACTIONSConsol Finance TeamBusiness Finance TeamMAG TeamSecretarial teamSSC Teams (i.e. F& A, FA, HR, DT, IDT, P & C etc.FINANCIAL DIMENSIONSConsolidated annual financial turnover to the tune of Rs. 19,000 Crs.Other DimensionsNumber of subsidiaries and joint ventures—120Number of Group Auditors Interacted: -60Team Size-2Education QualificationsCA/ICWA/MBA with specialization in Finance from a recognized InstituteRelevant Experience8 to 11 years of responsible position in the finance and accounts department of a large organization, preferably from Infra SpaceThrough understanding of Ind AS & accounting closure processesExposure to BPC and SAPSoft spoken and good interpersonal skillsExcellent analytical and problem-solving skillsExcellent Proficiency with MS office especially in MS Word, Excel, PPT etc.Strong in Communication and coordination skillsLeadership and Team Management skillsSelf-motivated with positive attitudeQuick learner and zeal to learnAdaptable to the situation COMPETENCIESStakeholder Focus Networking Execution & Results Teamwork & Interpersonal influence Problem Solving & Analytical Thinking Planning & Decision Making Capability Building Strategic Orientation Personal Effectiveness Entrepreneurship Social Awareness