Senior Associate - Finance controller

1. Accounting for Intangible Assets and Intangibles Under Development (ITUD):

• Ensure accurate capitalization of intangible assets in accordance with Ind AS 38.
• Maintain proper records and reconciliation of intangible assets and ITUD.
• Classify expenses accurately between Research, Development, Patents, and other intangible categories.
• Monitor and review expenditure during development phase for eligibility under capitalization norms.
• Ensure internal controls are in place for timely capture and classification of intangible-related spend.

2. Cross-Functional Coordination:

• Collaborate with Design, Engineering and other cross functional teams to gather project-specific data.
• Obtain monthly/quarterly updates on project status, completion stage, and expected timelines.
• Collect time sheets, vendor invoices, purchase orders, and resource allocation details for project costing.
• Educate and align non-finance departments on accounting requirements for intangible asset recognition.

3. Preparation of Financial Statements (Ind AS) and other support activities:

• Assist in preparation and disclosure of intangible asset notes in financial statements in line with Ind AS.
• Support statutory audits by preparing supporting schedules, reconciliations, aging schedules and movement summaries.
• Coordinate with statutory auditors and internal auditors to for timely closure of audits.
• Preparation of standalone financial statements of foreign subsidiaries.
• Follow-up for timely capitalization of ITUD and capital work in progress.