Assistant Manager Accounts

Position Title: Assistant Manager Accounts (Consolidation)

Department: Accounts

Work Location: NEW DELHI

Grade: M1 Travel Required: 20%

Reporting to: Administrative: Sr GM-ACCOUNTS

Reported by: NIL (Individual Contributor)

Minimum Job Requirements

Educational Qualification: CA Qualified with B.COM (1st Division)

Experience: 3 to 5 years

Any additional requirement: Knowledge of MS- Word, Advance Excel, Power Point, SAP

Purpose of the Position (Job Summary)

The Assistant Manager – Accounts (Consolidation) will play a crucial role in financial consolidation, ensuring accurate reporting, compliance with financial policies, and improving efficiency through system-based initiatives.

Key Roles and Responsibilities

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Financial Perspective

Objective: Ensure accurate and timely consolidation of financial statements to support business decision-making.

• KPI 1: Timely consolidation of monthly, quarterly, and annual financial statements.
• KPI 2: Business area-wise and new channel vertical-wise profitability statements.
• KPI 3: Compliance with financial reporting standards and company policies.

Customer Perspective (Internal & External Stakeholders)

Objective: Provide accurate financial data and ensure process standardization.

• KPI 1: Quarterly review and control of Fixed Asset Register (FAR) across RFL per FAR policy.
• KPI 2: Standardization of Cost Centers (CC) across RFL and quarterly review.
• KPI 3: Implementation of system-based scrap controls at manufacturing units.

People Oriented

Objective: Develop expertise in financial consolidation and advanced accounting tools.

• KPI 1: Continuous learning and upskilling in SAP and financial consolidation tools.
• KPI 2: Proficiency in MS Word, Advanced Excel, and PowerPoint for effective reporting.
• KPI 3: Collaboration with cross-functional teams to improve financial processes and controls.

Internal Business Process

Objective: Implement efficient financial consolidation and reporting processes.

• KPI 1: Ensure internal order workflows (Phase 2) are implemented.
• KPI 2: Route JVs across RFL through the HAAPY module.
• KPI 3: Review and confirm processes related to internal orders (IO), scrapping, FAR, and General Ledger (GL) blocking.

Competencies

Technical/Functional Behavioral

Technical Competencies:

1. Financial Consolidation & Reporting – Expertise in consolidating financial statements, including monthly, quarterly, and annual reports.

2. SAP & ERP Systems – Proficiency in SAP and other ERP tools for financial processing and reporting.

3. Advanced Excel & Data Analysis – Strong skills in Excel, including Pivot Tables, VLOOKUP, and financial modeling.

4. Fixed Asset & Cost Management – Experience in Fixed Asset Register (FAR) review, cost center standardization, and internal controls.

5. Regulatory Compliance & Accounting Standards – Knowledge of IFRS, GAAP, and other financial regulations.

Behavioral Competencies:

1. Analytical Thinking & Problem-Solving – Ability to analyze complex financial data and provide meaningful insights.

2. Attention to Detail – Ensuring accuracy and compliance in financial reporting and consolidation.

3. Collaboration & Teamwork – Working effectively with cross-functional teams and senior management.

4. Time Management & Prioritization – Managing multiple deadlines and ensuring timely financial consolidation.

5. Adaptability & Continuous Learning – Staying updated with new financial regulations, tools, and best practices.

Key Result Areas

Quantitative KRAs:

1. Timely Financial Consolidation – Ensure 100% accuracy and timely completion of monthly, quarterly, and annual financial statements.

2. Error Reduction in Financial Reports – Maintain an error-free financial reporting process with less than 1% discrepancies.

3. Compliance & Audit Readiness – Achieve 100% compliance with financial regulations and ensure audit readiness within defined timelines.

4. Cost Optimization in Financial Processes – Identify and implement at least 5% cost savings through process efficiencies and automation.

5. Fixed Asset Register (FAR) Management – Ensure accurate recording and review of Fixed Asset Register across all units, with quarterly updates.

Qualitative KRAs:

1. Strategic Financial Insights – Provide data-driven financial insights to support business decisions and profitability improvement.

2. Process Improvement & Automation – Drive automation initiatives in financial reporting using SAP and ERP systems.

3. Cross-Functional Collaboration – Work closely with business units to ensure accurate financial consolidation and data standardization.

4. Stakeholder Communication & Reporting – Effectively present financial statements and key insights to senior management.

5. Continuous Learning & Skill Development – Stay updated with evolving financial regulations, SAP enhancements, and industry best practices.

Key Stakeholder Management

Internal

Sr GM-Accounts, ED&CFO, Vertical Heads of Finance Department

External

Statutory Auditors, Consultants