The Role
Manage timely, accurate financial statement closure and consolidation under IND-AS; maintain internal controls and SOPs; handle audits; analyze monthly legal and management P&L and balance sheets; drive process improvements and present financial reports to leadership.
Summary Generated by Built In
- Financial Statement Closure:
- Ensure accurate and timely closure of all financial statements in accordance with the Company’s accounting policies, relevant accounting standards, and regulations.
- Preparation of standalone and consolidated financial statements as per schedule III.
- Internal Controls:
- Support leadership in determining key controls and building an effective internal controls environment.
- Ensure Standard Operating Procedures (SOPs) and work documentation are maintained for all processes and work areas.
- Audit Management:
- Handle audit queries efficiently and ensure timely audit finalization.
- Collaborate with auditors and manage the audit process to meet deadlines and compliance requirements.
- Consolidation & Reporting:
- Manage the areas of consolidation and reporting, including monthly, quarterly, and annual closing under IND-AS.
- Timely submission of reporting packages to the regional consolidation team.
- Analyse and review monthly legal and management Profit & Loss statements and balance sheets in collaboration with leadership.
- Process Improvement:
- Continuously seek opportunities for process improvements to enhance the efficiency and effectiveness of financial reporting and consolidation activities.
- Maintain the hygiene of books and analyse GAAP differences.
- Financial Analysis:
- Perform detailed analysis and review of monthly financial results, ensuring accurate and insightful reporting to leadership.
- Support in the preparation and presentation of financial reports to stakeholders.
Skills Required
- Experience in financial statement closure and month/quarter/year-end closing
- Preparation of standalone and consolidated financial statements as per Schedule III
- Knowledge and application of IND-AS accounting standards
- Knowledge of GAAP and ability to analyze GAAP differences
- Experience managing audits and responding to audit queries
- Experience with consolidation and submission of reporting packages to regional teams
- Strong financial analysis skills for monthly result review and stakeholder reporting
- Experience implementing internal controls, maintaining SOPs, and process improvement
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The Company
What We Do
Varun Beverages Limited is one of the largest franchisees of PepsiCo in the world, specializing in the manufacturing, bottling, and distribution of carbonated and non-carbonated beverages. The company operates extensive bottling plants across India, Nepal, Sri Lanka, and several African markets. As a key partner for the Pepsi brand, VBL manages the end-to-end process from production to distribution in geographically pre-defined territories.
