General Manager – Financial Consolidation & Accounts Reconciliation - Finance & Accounts

POSITION DETAILS

POSITION TITLE

General Manager – Financial Consolidation & Accounts Reconciliation

FUNCTION

Finance & Accounts

REPORTS TO

Sr. Vice President – Finance & Accounts

POSITION PURPOSE

POSITION REQUIREMENTS

Education

• Chartered Accountant (CA) – Mandatory. 

• Additional qualification such as Cost & Management Accountant (CMA) or Company Secretary (CS) would be an advantage.

• Experience with a mid-size or Big Four audit/assurance firm, or a large corporate finance function, is preferred.

• Strong working knowledge of Ind AS, group consolidation accounting, and ERP-based financial reporting (SAP or equivalent) is essential.

Experience

• Minimum 8-12 years of post-qualification experience in financial consolidation, accounts reconciliation, and financial reporting, ideally within a diversified conglomerate, investment holding company, family office, or multi-entity domestic group.

• Demonstrated experience managing group-level consolidation across multiple domestic entities/subsidiaries under Ind AS.

• Hands-on experience in accounts reconciliation — inter-company, bank, vendor, and general ledger reconciliations — across a multi-entity environment.

• Experience finalising books of accounts, coordinating statutory audits, and closing quarterly/annual financial statements.

• Exposure to Family Office or promoter-group financial reporting, with the discretion and commercial sensitivity such environments demand.

• Strong command of MIS reporting, budget variance analysis, and month-end/quarter-end close processes.

• Working knowledge of direct and indirect tax compliance, and coordination with tax and statutory auditors, is an advantage.

SKILL/COMPETENCIES REQUIREMENTS

• Strong technical command of Ind AS / Indian GAAP, group consolidation principles, and financial statement closure processes across multi-entity structures.
• Hands-on expertise in accounts reconciliation — inter-company, bank, vendor/creditor, debtor, and general ledger reconciliations — with the ability to independently resolve reconciliation differences.
• Strong MIS and management-reporting skills — monthly closing, budget vs. actuals, variance analysis, and board/promoter-level financial packs.
• Commercial fluency across investment holding structures, inter-company transactions, and Family Office financial arrangements, with the discretion such an environment requires.
• Ability to coordinate effectively with statutory auditors, tax consultants, and business finance teams to ensure timely, accurate, and audit-ready closures.
• Strong process orientation — able to identify reconciliation gaps, streamline closing timelines, and strengthen financial controls across entities.
• Self-directed and detail-oriented, able to manage multiple entities and deadlines within a lean team structure.

NETWORK

WITHIN THE ORGANIZATION

OUTSIDE THE ORGANIZATION

• Manager

• Promoters/Directors

• Founding Family / Family Office Team

• Business Finance Heads

• Business Finance Teams

• Statutory Auditors

• Tax Consultants

• Banks & Financial Institutions

• ERP / Consolidation System Vendors

• Regulatory Authorities (MCA, Income Tax, GST)

• Own the end-to-end group financial consolidation process for Essar's domestic entities — collating entity-level financials, eliminating inter-company transactions, and preparing consolidated financial statements under Ind AS.
• Ensure consolidation adjustments (minority interest, investment eliminations, unrealised profits) are accurately captured and documented.
• Coordinate with entity-level finance teams to obtain timely and accurate trial balances and supporting schedules for consolidation.
• Maintain and continuously improve consolidation templates, checklists, and timelines to shorten the group close cycle.
• Drive periodic reconciliation of inter-company balances, bank accounts, vendor/creditor ledgers, and debtor accounts across domestic entities.
• Investigate and resolve reconciliation differences on a timely basis, escalating unresolved items to the Sr. Vice President – Finance & Accounts.
• Establish standardised reconciliation formats and cadences across entities to improve consistency and audit readiness.
• Maintain clean, reconciled general ledgers to support accurate monthly, quarterly, and annual closes.
• Support the Family Office with accurate, timely, and confidential financial reporting on domestic entity performance and consolidated positions.
• Prepare periodic financial summaries and reconciliation status updates for Promoters and Directors.
• Maintain the highest level of discretion in handling Family Office-related financial information and inter-entity transactions.
• Prepare monthly MIS, consolidated financial packs, and variance analysis for senior management review.
• Support budgeting and forecasting processes with accurate, reconciled actuals across entities.
• Provide ad hoc financial analysis and reporting support to the Sr. Vice President – Finance & Accounts and Operating Partner as required.
• Coordinate with statutory auditors for timely completion of audits across domestic entities and at the consolidated group level.
• Ensure consolidation and reconciliation working papers are audit-ready and support closure of audit queries.
• Work with tax consultants and internal teams to ensure accurate tax provisioning and compliance inputs are reflected in the consolidated financials.

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AREA

KEY ACTIVITIES

1

Financial Consolidation

2

Accounts Reconciliation

3

Family Office Financial Reporting

4

MIS & Management Reporting

5

Statutory Compliance & Audit Coordination