Corporate Accounting - Related Party Transactions

Location

Mumbai | India

Job description

Job Description (Detailed) :

1. A. Job Title: Financial Management - Corporate Accounting and GL Management
2. B. Job Role: Controls and Governance- Related Party Transaction Monitoring
3. C. Roles & Responsibilities:
4. a) Role involves:
5. - Partnering with business heads to firm up the limits for omnibus approval of related party transactions.
6. - Putting up formal proposals to Financial Management leadership and ACB/ Board for getting approvals towards transaction limits for related parties.
7. - Monthly and quarterly monitoring of Related Party transactions vis-à-vis the limits approved followed by formal update in the form of dashboard, notes for noting of Audit Committee of Board.
8. - Proactively flagging off situations where transactions approaching limit breach for remediation by way of ratification / revision to limit.
9. b) Query resolution from Related Party framework perspective for Business units ahead of their potential partnership / transaction with Related parties.
10. c) Facilitating independent firm appointed to check ( akin to Concurrent Audit) if related party transactions were at arm's length pricing terms.
11. d) Implementation of recommendations ( if any) by Concurrent Auditor, Statutory Auditor, Internal Auditor.
12. e) Timely submission of Stock Exchange reporting for Related Party Transaction.
13. f) Close eye on changes to statutory requirements and its knowledge sharing to Financial Management leadership.

1. Your Contact Number & Email Address : +919329149022 | [HIDDEN TEXT]

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Salary