Deputy Manager

Retail Multinational Bangalore

Posted on 26 July 2023

Financial accounting in IndAS or IFRS, Financial reporting and audit

We are currently hiring for a Deputy Manager to handle India accounting for a globally well known fast fashion retail brand. The Accounting Supervisor will cover wide range of accounting/ finance operation, like Fixed Assets management, Internal controls, Statutory Audit, ICoFR, Internal audit, Tax Audit, Monthly closing, Group reporting, Statutory accounting, etc. He/She is also expected to deal with several stakeholders within and outside of the organisation.

Key responsibilities :

- Following FR's global one policy and rule, at the same time need to comply with local regulatory requirement

- Preparation of complete financial statements independently in accordance with IND-AS, Accounting policies, Notes to accounts (including related party schedule/ disclosures, lease disclosure, FX exposure, MSME reporting etc)

- Conduct Statutory audit, Internal audit and tax audit with Big 4 auditors within specified timelines. Independently execute, planning phase, monitor, PBC, faciliate timely flow of information to auditors from finance and all other departments in company

- Assist auditors in testing of internal control over financial reporting, providing samples, arrange meeting with other departments, risk assessment, resolve queries and satisfy operating effectiveness of ICoFR

- Month end accounting and closure in according with Fast Retailing group guidelines and IFRS by Business Day 7, Balance Sheet and P&L analysis and preparation of schedules

- Quarterly group reporting, filing group checklists, packages in accordance with books of accounts and balance sheet by Business day 10

- Finalizing monthly accruals with all departments, calculation of re-accrual by comparing invoices received for previous month invoices, accrual for leave encashment, gratuity, Bonus etc

- Review and ensure accuracy of prepaid expenses and monthly balances in balance sheet, review booking of store petty cash balances

- Calculation of Right of Use asset and lease liability and start amortization by handover date

- Fair value calculation for Security deposits and unwinding interest

- Fixed asset management/ preparation of FAR according to Indian accounting standard

- Booking Salary Journals in SAP and Maintain YTD reconciliation

- Maintain reconciliation between Group ledger and local ledger for statutory accounting/ reporting purposes

- Maintain strong relationship with all internal teams to complete all accounting, month end and financial reporting tasks

- Deferred tax calculation in accordance with Ind-AS and IFRS

- Inter-co movement schedule and reconcile with vendor and expense ledgers

- Assisting other departments with accounting and financial information, as needed, verifying accounting disclosures in legal filings, MSME returns as per audited financial statements and books of accounts

- Work with tax team to meet compliances and also fulfill their requirements for financial information and help them to understand impact of accounting and IFRS transaction in tax filings.

- Handling routine banking operations and manage relationship with banks

- Making overseas remittances along with all necessary tasks

- Manage all accounting and tax requirements from business expansion

- Deal with GHQ stakeholders to meet internal polices and processes

- Review accounts payable and receivables with other members"

Essential :

- Chartered Accountant with 5 year of experience

- Excellent relationship management and dealing with multiple stakeholders is the key for this role. This is mandatory to be successful in performing day to day operations

- Good knowledge of Ind-AS/IFRS

- Prior experience in financial reporting, accounting and audits

- Strong knowledge of SAP and excel

- Humble and team player with positive and problem solving attitute. Should be able to maintain a dialogue with all stakeholders and reach to a solution.

- Fluent English


3-6 yrs

Above Rs. 1,200,000/-

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