Dy Head - Accounting Consolidation & Reporting

GMR Group is a global Infrastructure Conglomerate with interests in Airports, Energy, Transportation and Urban Infrastructure. With over 12000 employees the Group turnover exceeds 10000 Crores and has an asset base of 67000 crores.

GMR Group has developed & operates the Delhi & Hyderabad International Airports in India. In partnership with Megawide Construction Corporation, GMR is developing the Mactan Cebu International Airport in the Philippines. It has recently bagged the rights to develop and operate Goa's new airport at Mopa.

The Group has 15 power generation projects of which 10 are operational and 5 are under develeopment.

It has 9 operatiing road assets and a double rail track line under develeopment between Mughasarai and Kanpur on the Eastern Dedicated Freight Corridor. The Group is also developing India's largest smart Airport City near Hyderabad airport and two Special Investment Regions at Krishnagiri and Kakinada.

The Group has an elite security service business , with presence in 80 locations across 15 states.

The Group's Corporate Social Responsibility arm, GMR Varalakshmi Foundation, carries out community based development initiatives at 27 different locations across India and abroad.

JOB PURPOSE

Chartered accountant with 18+ years’ experience and having strong technical knowledge of Ind-AS/IFRS and ability to manage consolidation of listed entity having more than 150 subsidiaries, joint ventures. This person is expected to play an active role in the finance function as well as assist the CFO in M&A, fund raising activities. Further the person should be able to handle statutory audit, audit issues of subsidiaries/JVs, implementation of new accounting standards at group level, implementation of consolidation tools (like Hyperion, OneStream, BPC), accounting matters of acquisition/disposal of JVs/Subsidiaries, impairments, fair valuation etc,. In addition to consolidation at parent level the person should also manage the consolidation at sector level which includes (Airport, Highway, Energy, U&I). The person should also have international exposure as it require interaction with International Partners and their auditors.

ORGANISATION CHART

Group Head- CIG --> Deputy Head- CIG (VP)

KEY ACCOUNTABILITIES

GIL Consolidation

Manage the Group’s financial reporting obligations, with responsibility for preparation and review of compliant full year /half year/quarterly consolidated accounts and standalone financials as per the requirement of SEBI and Companies Act 2013. Total number of subsidiaries/JVs are more than 150

Strong understanding of Ind-AS/IFRS

Manage relationships with others across the Group to achieve alignment in key business strategies and decisions

Presenting financial information to promotors, senior executives, stakeholders, Audit committee and board members

Prior experience in handling fair valuation/impairment testing.

Establish and Implement financial reporting system including new accounting standards in GMR Group and provide training to sector finance team

Collaborate, design, implement and review finance systems, policies and procedures to ensure continuous improvement and contemporary relevant practices.

Supervise and manage financial department staff (7-8), including GM, AGM, Managers and financial assistants.

Motivate and lead finance team members by clarifying roles and providing helpful feedback.

Ensure reporting functions and responses to ad hoc requests for financial related information are appropriately delivered.

Accounting Advisory to Airport, Energy, Highway, U&I, EPC and other Sectors

Handle all technical accounting matter and complex accounting issues in Airport, Energy, Highway, EPC, U&I and close the same with the statutory auditors. Key accounting issues includes financial instruments accounting, Impairment, consolidation, business combination (merger/demerger) JV accounting, forex, business combination, fair valuation, litigations etc

GAL Consolidation (statutory reporting)

Manage the Airport sector financial reporting obligations, with responsibility for preparation and review of compliant full year /half year/quarterly consolidated accounts financials as per the requirement of Companies Act 2013. Total number of subsidiaries and JVs 30+

Strong understanding of Ind-AS/IFRS

Coordinate with auditors for closure of audit of Holding Company, subsidiaries and JVs

Handling all complex valuation related matters for equity valuation, Impairment milestone valuation.

Report to the CFO with timely and accurate financial information

Establish and Implement financial reporting system including new accounting standards in Airport sector and provide training to sector finance team

Collaborate, design, implement and review finance systems, policies and procedures to ensure continuous improvement and contemporary relevant practices

Supervise and manage financial department staff (2-3), including Managers and financial assistants

Ensure reporting functions and responses to ad hoc requests for financial related information are appropriately delivered.

KEY ACCOUNTABILITIES - Additional Details

GIL MIS Consolidation

Timely delivery of monthly consolidation of GIL

Present MIS to management.

Coordinate with sector team on timely closure of monthly consolidation

Collaborate, design, implement and review finance systems, policies and procedures to ensure continuous improvement and contemporary relevant practices

Provide key financial information and accounting issues to senior management timely

GAL MIS (ADP Reporting)

Consolidation of AOP as per the format prescribed by ADP

Regular Interaction with ADP management and consolidation team in Paris on GAL consolidated budget, forecast, financial information

Monthly consolidations of GAL financial performance for GAL and ADP on 15st day of every month

Consolidation of annual/monthly budgets in BPC

Highlight key issues in advance to management

Provide support to ADP for closure of their annual audit.

Statutory, Tax audit

Liaison with statutory auditor, tax auditor, internal auditor to close complex issues and get the audit done with in the timelines for GIL and GAL

ADP Statutory audit as per International standards

Interaction with ADP statutory auditor (EY Paris and Deloitte Paris) and ADP Management to provide support to close the audit of GAL for December 31, each year as per International Financial reporting standard and international standard of auditing

Demerger/merger Support

Have good understanding accounting related matter on demerger/merger

Have good experience in preparation of carve out (demerge) and merge financials

Interaction with consultants for finalization of accounting treatment in compliance with accounting standards for scheme of arrangements.

Fund raising (IPO/QIP/Bonds)

Have experience in complying with the financial information required for fund raising purpose to bankers’ lawyers, investors, auditors.

Have good understanding on handling offer document related information.

Coordinate with bankers/lawyers/auditor on Comfort letter and arrangement letters

Other Areas

Provide training to team on Ind AS

Build team and individual capability, ensuring personal effectiveness for work in current and future roles.

Support team meetings at which progress against KPIs is monitored and discussed.

Having good exposure on Consolidation tools implementation like Hyperion, OneStream, BPC

Support Company in developing and maintaining accounting policy manual

EXTERNAL INTERACTIONS

Statutory auditors of Parent and Subsidiaries

Valuation experts, accounting advisors

Legal advisor

Income tax consultants, JV Partners (ADP etc.)

Lenders, Rating agencies, Service Suppliers

INTERNAL INTERACTIONS

GCM, CCM, BCM

Board of Directors, Audit committee

Group Chief Finance Officer

Secretarial, legal and tax department

Airport, Energy, Transportation, EPC and U&I sector CFOs and controller

Commercial department and top management

Interacting with SAP team for process improvement.

Interacting with Management Assurance Group for internal audit related issues.

Business Services unit, HR, Payroll, IT Group Procurement & Accounts Payable teams

FINANCIAL DIMENSIONS

OTHER DIMENSIONS

EDUCATION QUALIFICATIONS

Chartered Accountant from Institute of Chartered Accountant of India

Certificate course of valuation from Institute of Chartered Accountants of India

Bachelor of Commerce

RELEVANT EXPERIENCE

15+ years of experience in consolidation of financial statement of listed entities, Ind AS/IFRS, MIS, Valuation and should have handled fund raising activities.

The person should also have international exposure as require interaction with ADP management and their auditors.

Significant accounting experience (Ind AS/IFRS/US GAAP), including experience in a similar level role.

Demonstrated capability in leading & managing an operational team and a practical understanding of contemporary people management practices

Prior specialization in financial reporting &/or audit.

Prior experience in leading financial process improvement and project management.

Prior experience in handling merger, demerger, fund raising assignments.

Proven ability to understand key financial variables in a complex and changing environment.

Proven ability to meet statutory obligations.

Prior experience in handling international assignments including consolidation as per IFRS with EY Toronto.

COMPETENCIES

Entrepreneurship

Capability Building

Social Awareness

Planning & Decision Making

Execution & Results

Strategic Orientation

Problem Solving & Analytical Thinking

Networking

Personal Effectiveness

Teamwork & Interpersonal influence

Stakeholder Focus

Must to have:-Ind AS,IFRS,Consolidation

Good to have:-Financial statements,Financial reporting