Manager – Accounts Closing

Finalization and preparation of Audited Consolidated Financials of GAL and MIS (Airport Sector) for various stakeholders

To support team in implementation of new statutory requirements i.e.  IND-AS and IFCR at GAL/Airport sector level

Accountabilities

Key Performance Indicators

1. MANAGING CONSOLIDATION OF GAL FINANCIALS INDPEMDENTLY  INCLUDING INTERACTION WITH AUDITORS ON CONSOLIDATION

Complete Responsibility of Finalization of Consolidated Financials of GAL & its subsidiaries (DIAL, GHIAL) and JVs (36 entities as on date) and consist preparation of.

1.  Consolidated Balance Sheet
2. Consolidated Profit & Loss Account
3. Cash Flow Statement
4. Notes to Accounts
5. Accounting Policies

Consolidation of Financial statements involves following sub-activities :

• Finalization of  Consolidation Templates
• Finalization of Shareholding Structure
• Calculation  of Goodwill/Capital Reserve on date of acquisition of the entities involved
• Accounting treatment of Foreign entities/Operations (Integral/Non integral) as per AS-11
• Identification of Reportable Segment  (based on primary and secondary risk as per AS-17)
• Harmonization  of  Accounting Policies of step down entities
• Elimination of Inter Company Transactions & unrealized profit, Balances, Share capital, dividends, Investments, etc.  
• Reconciliation of Inter-Company Balances
• Determination of Minority interest in Equity and  Reserves
• Identification & Carry forward of Permanent Differences
• Preparation of Related Party transaction
• Completion of Audit of CFS with Auditors
• Preparation of  Board Presentation on CFS

Annual/Half-yearly/Quarterly/As per Time Bound schedules

1. MANAGIN ALL IPO RELATED REQURIEMENTS (OF GAL FINANCIALS)

IPO Deliverables like ICDR Requirement for GAL Consolidated

Financials.

As per deliverables agreed with Bankers

1. MANAGING MIS FOR INTERNAL & EXTERNAL STAKEHOLDERS

Analytical analysis and Review of  MIS to

1) BCM

2) CFO

3) PE Investors

consisting :

 (a). Monthly Profitability of Airport Sector

 (b). Fund Flow statement of Airport Sector

 (c). Debtors MIS for Airport Sector

(d)  Key Performance Index (KPI’s)

(e)  Jv’s Profitability

(f)  Operational Parameters

(h) Business Highlights

Provide on monthly/weekly/monthly basis

1. MANAGING & REVIEW OF OVERSEAS ENTITIES FINANCIALS

Finalization of Accounts for overseas entities financial s for following entities:

1. GMR Airports (Mauritius) Limited
2. GMR Airport Global Limited
3. Limak CJV
4. GMR Malta (Winding up)
5. GMCAC
6. GMIAL

Finalization include following deliverables:

1. Finalization of IFRS Financials
2. Conversion of IFRS in to IGAAP
3. Audit of overseas entities

Provides on quarterly basis/ annual Audited  financials as per timeline of  listed entity GIL

1. Overview of  Processing of Invoices & Monitoring of Overseas Entities consisting of   review  of :
2. Bank Reconciliation
3. Funds Management
4. Vendor Invoices
5. Review of Trial Balance

On Regular basis/As per requirement 

External –

Auditors- For Audit of GAL Consolidation

Service Provider- For overseas entities for finalization of financials

PE Investor- For providing requested information

Internal –

Subsidiary (DIAL, GHIAL)/JVs (DIAL & GHIAL JVs)- To prepare consolidated financials and MIS, inputs from subsidiaries and JVs (36 entities) are taken

Parent Company GIL: Clarifying queries of GIL, listed parent company for overseas entities financials and other MIS of Airport sector

Consolidation is completed for 36 entities where consolidated

• Gross Turnover is Rs. 6,900  Crs and
• Balance sheet size is Rs. 16,300 Crs.

• Role requires regular interaction with all airport sector subsidiaries, JVs and parent company like GAL, DIAL, GHIAL and their subsidiaries/JVs (as on date around 36 entities are consolidated)
• Role is supported by 2 subordinates.

• Chartered Account having skills in accounting standard, preparation of consolidated financials of listed entity and having analytical skill in preparation & presentation of  MIS
• Having Knowledge of IFRS
• Having knowledge related to IPO related issue
• Having knowledge of merger /acquisition related issues

• 8-10 years post-qualification experience