Statutory Auditor
2 days ago
Key responsibilities:
- Prepare and review statutory financial statements in accordance with IFRS 15.
- Ensure compliance with all relevant statutory and regulatory requirements.
- Coordinate with external auditors for annual audits and provide necessary documentation and support.
- Conduct detailed financial analysis and variance analysis to support the preparation of statutory accounts.
- Assist in the interpretation and implementation of new accounting standards and regulations.
- Ensure the integrity and accuracy of financial reporting by implementing and maintaining robust internal controls.
- Identify areas for process improvements and recommend solutions to enhance efficiency and effectiveness.
- Collaborate with various departments to gather necessary information for statutory reporting.
- Provide guidance and support to junior team members on statutory reporting processes and standards.
- Prepare regulatory reports and filings in compliance with local and international regulations.
- Stay updated with changes in accounting and regulatory standards and ensure timely adoption and implementation.
Knowledge, skills & experience:
- Bachelor's degree in accounting, Finance, or a related field. CPA, ACCA, or equivalent qualification is preferred.
- Minimum 8 years of experience in statutory reporting, preferably within a multinational organization or a public accounting firm.
- In-depth knowledge of IFRS and other relevant accounting standards.
- Proficiency in financial reporting software and ERP systems.
- Advanced Excel skills for financial analysis and reporting.
- Strong analytical and problem-solving abilities.
- Excellent communication and interpersonal skills.
- Ability to work independently and as part of a team.
- High attention to detail and accuracy.
- Ability to manage multiple tasks and meet tight deadlines.
1. Statutory Reporting
- Regulatory Compliance: Expertise in statutory accounting principles, financial regulations, and compliance requirements (e.g., GAAP, IFRS, or local country regulations).
- Financial Statements Preparation: Ensuring the timely preparation of financial statements (balance sheet, income statement, cash flow, etc.) in accordance with statutory standards.
- Tax Compliance: Assisting with tax reporting, such as VAT, GST, corporate tax, and other local tax filings.
- Audit Coordination: Coordinating and supporting external and internal auditors, ensuring all required financial information is accurately presented for audit purposes.
- Filing and Submission: Responsible for ensuring that financial reports and tax filings are submitted on time to the relevant authorities.
2. Management Information System (MIS) Reporting
- Data Management: Overseeing the preparation and analysis of internal MIS reports, ensuring that data is accurate, relevant, and timely for decision-making purposes.
- KPI Reporting: Creating and presenting key performance indicators (KPIs) and financial metrics to senior management for operational insights.
- Financial Analysis and Insights: Providing financial analysis based on MIS data, helping management to assess business performance, profitability, and operational efficiency.
- Report Customization: Tailoring reports to meet the specific needs of different business units or stakeholders.
- Forecasting and Budgeting: Assisting in the creation of forecasts and budgets based on the data collected through MIS systems, offering insights to help guide business planning.
3. Team Leadership and Collaboration
- Team Management: Leading and mentoring a team of financial analysts or accountants responsible for statutory and MIS reporting.
- Cross-Functional Collaboration: Working closely with other departments (e.g., finance, operations, and IT) to ensure accurate and consistent data flows into MIS reports.
- Training and Development: Providing training and development opportunities to the team, ensuring they stay up to date with new reporting standards or software.
4. Financial Analysis and Interpretation
- Variance Analysis: Conducting variance analysis to compare actual financial performance against budget or forecasts and identifying reasons for discrepancies.
- Trend Analysis: Analyzing financial trends over time to identify patterns and provide valuable business insights.
- Cost and Profitability Analysis: Helping management understand the cost structures, margins, and profitability of various departments or products.
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