Assistant Manager - Corporate Accounts

Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company, with business interests in engineering, construction, manufacturing, technology, information technology and financial services, headquartered in Mumbai. The company is counted among world's top five construction companies.

The L&T Group comprises of 93 subsidiaries, 5 associate companies, 27 joint ventures and 35 jointly held operations, operating across basic and heavy engineering, construction, realty, manufacturing of capital goods, information technology, and financial services.

Specialties

Aerospace, Infrastructure, Shipbuilding, Construction, Defense, Finance, Forging, Hydrocarbon, Information Technology & Engineering Services, Construction Equipment, Railways, Boilers, Process Plant, Turbines, Power, Renewable Energy, Manufacturing, and Green Hydrogen.

This role is based out of Head Office of Corporate Accounts at Powai, Mumbai.

Role Summary:

This position in Corporate Accounts is responsible for preparation of L&Ts financial statements. The function requires accurate, timely and compliant preparation of the financial statements including quarterly results and performance analysis. The role supports the group entities on accounting framework as per Ind AS keeping in sight the ICAI, SEBI, MCA and other regulatory body pronouncements.

Key Responsibilities:

Preparation and Finalisation of workings for Consolidated Financial Statements:

• Planning, co-ordination and finalisation of Group Financial Statements along with preparation of analytical statements and management presentations within stipulated timelines
• Align accounting practices with regulatory and reporting requirements
• Periodically review accounting frameworks in response to regulatory changes
• Accounting of various consolidation adjustments by way of Journal entries in Hyperion software
• XBRL preparation & verification for quarterly results/annual accounts
• Coordination with statutory auditors for audits and address audit findings and ensure timely closure of observations

Update on regulatory amendments and impact analysis on financial reporting:

• Participating in the technical developments at draft stage (i.e. comments on discussion papers/exposure drafts)
• Tracking the regulatory amendments with respect to financial reporting
• Provide alerts and impact analysis to management and circulation among ICs/S&A entities for various regulatory pronouncements, e.g. SEBI, MCA, ICAI, NFRA, etc.

Notes to the Consolidated Financial Statements:

• Preparation of the annual notes to the consolidated financial statements within the stipulated timelines
• Assistance to IC/S&A's in filling the NTA related data forms

Digital initiatives:

• Promote standardization and automation of accounting processes
• Leverage systems and tools to strengthen accounting effectiveness

Stakeholder Support and Advisory:

• Coordinate with IC's / S&A Companies for quarterly/annual financial reporting.
• Assisting ICs/S&A in completing Hyperion financials and obtaining clean quarterly/annual reviewed/audit reports.
• Preparation and timely submission of various reports and data required inter or intra department
• Resolve complex accounting issues, e.g. Merger, divestment, acquisition accounting, etc.

Required Skills and Qualifications:

Education: CA

Experience: 2-6 years

• Experience in working in corporate accounting functions in listed organisations
• Strong exposure to statutory accounts and audit processes
• Expertise in accounting standards and compliance
• Experience handling complex accounting transactions
• Ability to operate in governancedriven environments

Technical Skills:

• Corporate Accounting
• Accounting Standards and Statutory Compliance
• Financial Closing and Audit Management
• Accounting Systems and Automation, (Experience in Hyperion consolidation system will be an added advantage)
• Microsoft Excel, Power Point and Word