Manager Consolidation
Ascendion
Location: Vadodara, Gujarat (On site)
Shifts: 12 pm to 9 pm IST
Work days: Monday to Friday
Role Summary
We are looking for a hands-on Group Consolidation Manager to own the preparation of monthly Consolidated Financial Statements (CFS) under US GAAP for a privately held multinational group of 20+ entities across the US, North America, LATAM, Europe and APAC (revenue approx. USD 700 Mn). This is an individual contributor role reporting to the Finance (Consolidation & Tax Head). You will run the consolidation cycle end to end, support acquisition accounting, and help the group move from an Excel-based process to a dedicated consolidation tool.
Key Responsibilities
Monthly consolidation and reporting
- Prepare monthly consolidated financial statements (P&L, balance sheet, cash flow, equity roll-forward) under US GAAP, and quarterly and annual packages for lenders, the Board and auditors.
- Own the consolidation calendar, close timetable and reporting-pack requirements for all entities.
- Perform intercompany eliminations and investment eliminations; reconcile intercompany balances and transactions.
- Handle foreign currency remeasurement and translation (ASC 830), including CTA and FX reserves, across multiple functional currencies.
- Account for goodwill, non-controlling interests and equity-method investments; prepare the consolidated cash flow statement, disclosures and notes.
- Support acquisition accounting (ASC 805): opening balance sheets, PPA inputs with external valuation advisors, and measurement-period adjustments.
- Integrate acquired entities into the group reporting calendar, chart-of-accounts mapping and group accounting policies.
- Assess accounting treatment for non-routine transactions (ASC 810, 842, 326, 350, 740 inputs, etc.) and document positions in technical memos.
- Maintain group accounting policies and the entity-to-group chart-of-accounts mapping.
- Review entity-level trial balances and reporting packs; challenge variances and drive resolution with controllership teams.
- Maintain consolidation workpapers, reconciliations and review evidence in line with ICFR-aligned internal controls.
- Coordinate with external auditors on periodic reviews, year-end audits and PBC requests.
- Prepare variance analysis and commentary for Management.
- Provide consolidated data to FP&A, Treasury and Tax (e.g., lender covenant reporting, tax provision inputs).
- Work with Controllership team across time zones.
- Operate hands-on in the current Excel-based consolidation process and the group ERP - NetSuite.
- Drive automation, standardization and close-cycle improvements (faster close, fewer manual adjustments).
- Participate in the selection, design and implementation of a consolidation tool), including requirements, mappings, rules, data loads and testing alongside an implementation partner.
Qualifications
- Chartered Accountant (ICAI) or equivalent (CPA / ACCA). US GAAP / CPA preferred.
- 5–8 years of experience, with at least 3 years in multi-entity, multi-currency US GAAP / IFRS consolidation.
- Hands-on experience preparing consolidated financial statements, including intercompany eliminations, FX translation and cash flow.
- Exposure to acquisition accounting and onboarding of acquired entities.
- Big 4 or audit background preferred.
- Strong working knowledge of US GAAP, especially ASC 810, 805, 830, 842 and 230.
- Advanced Excel (lookups, pivots, reconciliations, large data sets); working knowledge of an ERP (SAP / Oracle / NetSuite / other).
- Strong analytical ability, attention to detail and the ability to work to tight monthly deadlines.
- Clear written and verbal communication, with the ability to challenge and influence across time zones and cultures.
- Self-starter who is comfortable doing the work personally, not only reviewing it.
- Experience implementing or migrating to a consolidation tool.
- Experience in private equity-backed or lender-reported environments.
- Monthly CFS delivered within the agreed close timeline
- Minimal post-close adjustments and clean quarterly and annual audit outcomes.
- Intercompany differences resolved within the cycle.
- Acquired entities onboarded into group reporting within one to two close cycles.
- Consolidation tool selected and implemented within 6–9 months, with a documented, repeatable close process.
Ascendion is a leading provider of AI-first software engineering services. Our applied AI, software engineering, cloud, data, experience design and talent transformation capabilities accelerate innovation for Global 2000 clients. Headquartered in New Jersey, Ascendion has a presence in 13 countries and 40+ offices across North America, Europe and APAC, supported by a remote and hybrid workforce. We are committed to building technology powered by Generative AI while fostering an inclusive workforce, serving our communities and cultivating a vibrant culture.
For more information, visit www.ascendion.com