Essar Capital - Associate - Accounts (1-2 yrs)

JOB LOCATION : MAURITIUS

Purpose : To consolidate & validate specific Essar Capital's investment company's accounting ledger and undertake all day-to-day transactions of the specific company and create financial reports in order to meet the investment strategies of the respective business / entity of Essar Capital as per the financial needs ensuring appropriate adherence to required accounting and financial reporting standards while ensuring closure.

Education : Candidates who have recently cleared ACCA/ICAI

Competencies:

- Closure of international / Indian accounts

- Valuation, accounting

- Consolidation & validation of accounts

- Financial reporting and auditing

Network:

WITHIN THE ORGANIZATION OUTSIDE THE ORGANIZATION

- Business and function heads

- Compliance team

- Portfolio management team

OUTSIDE THE ORGANIZATION

- Auditors

- Investors

- Consultants

Key Activities:

1. Financial Control & Reporting

- Participate in the designing of the financial investment plan for portfolios and ensure they are aligned to Essar Capital's overall investment priorities and risk appetite

- Maintain the books of accounts, consolidation and periodic reconciliation and create financial reports and statements

- Monitor and update accounts in system and databases and ensure regular financial reporting and analysis of accounts and prepare consolidated statement based on every transactions

- Produces regular financial reporting and analysis for review by Head Accounts

- Provide timely and accurate monthly, quarterly and year-end closing reporting according to Essar Group's policies

- Update the funding plan based on the resources raised and share frequent reports with the Head Accounts and International Banking team

- Maintain systems for prompt and accurate collection of financial and accounting information

- Ensure consistent application of accounting standards and International standards in financial reporting

- Ensuring effective control framework for recording & reporting transactions in a timely manner

- Propose the design of the financial investment plan for companies, take end to end responsibility of preparing the proposal, support Head Accounts in taking board approval and implement the proposal ensuring alignment to Essar Group's overall investment priorities and risk appetite

2. Compliance & Audit

- Ensure investment management policy and processes are properly maintained to manage Essar Capital's financial investments including selection, monitoring, performance and reporting of investments

- Interact with compliance and audit team and ensure audit standards are as per Essar Group's guidelines

- Provide support in conducting the annual audits and review the annual reports conducted by compliance team and external agencies and identify any challenges / bottleneck and report it to the Head Accounts

- Ensure compliance through effective accounting controls and financial management, in line with defined delegation of authority

- Ensure that the financial processes are compliant with the statutory, regulatory and corporate governance requirements.

- Ensure the timely and accurate processing of payments to staff, suppliers and service providers

- Advise the Head Accounts with regards to regulatory requirements and any other matters of concern in relation to compliance for suitable action

Key Performance Indicators:

- Accurate maintenance of the accounting books

- Accuracy of financial reports

- Timely submission of external audits

- Compliance with auditing standards