Statutory Auditor

Roles and responsibilities

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.

Desired candidate profile

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.