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Deputy Manager - R2R

Requisition Id:  12508

Job Title: Deputy Manager – Record to Report (R2R)

Location: Bangalore (Corporate Office)

Experience: 8+ Years

Qualification: CA / ICWA (CMA) / MBA Finance

Job Purpose

The R2R Manager will be responsible for overseeing the entire General Ledger function, ensuring the integrity of financial data, and managing the end-to-end month-end and year-end closing processes. This role ensures that Narayana Health’s financial statements are accurate, compliant with Ind AS, and delivered within strict corporate timelines.

Key Responsibilities

1. Financial Closing & Reporting

  • Lead and manage the Month-end, Quarter-end, and Year-end closing activities for multiple hospital units.
  • Ensure accurate and timely preparation of Standalone and Consolidated Financial Statements.
  • Oversee the General Ledger (GL) maintenance, including accruals, prepayments, and journal entries.

2. Statutory Compliance & Audit

  • Ensure all accounting practices comply with Ind AS, Income Tax Act, and other statutory requirements.
  • Act as the primary point of contact for Statutory Auditors and Internal Auditors to ensure timely completion of audits with zero major observations.
  • Manage the Fixed Asset Register (FAR), including capitalization, depreciation, and physical verification (critical for medical equipment).

3. Reconciliations & Intercompany

  • Oversee Inter-unit and Inter-company reconciliations (IUC/ICC) to ensure zero mismatch across the group.
  • Review Bank Reconciliation Statements (BRS) and Balance Sheet reconciliations on a monthly basis.
  • Manage complex reconciliations related to TPA (Third Party Administrators) and Insurance settlements.

4. Process Excellence & Automation

  • Drive process improvements within the R2R cycle to reduce the "Days to Close."
  • Leverage ERP (SAP/Oracle/Tally) to automate manual accounting tasks and enhance data accuracy.
  • Maintain Standard Operating Procedures (SOPs) for all R2R activities.

5. Team Leadership & Stakeholder Management

  • Manage and mentor a team of assistant managers and accountants.
  • Collaborate with Unit Finance Heads and Central Treasury/Taxation teams to resolve accounting bottlenecks.

Required Candidate Profile

  • Experience: Minimum 8–10 years of post-qualification experience in Core Accounting/R2R. (Experience in the Healthcare or Pharma sector is a significant advantage).
  • Technical Skills: Deep knowledge of Ind AS, Schedule III of the Companies Act, and GST implications on accounting.
  • ERP Expertise: Hands-on experience with a major ERP (SAP, Oracle, or Microsoft Dynamics).
  • Analytical Skills: Advanced Excel skills (Power BI or Tableau knowledge is a plus).
  • Soft Skills: Strong leadership, ability to work under tight deadlines, and excellent communication skills for stakeholder management.
  • Specific to Healthcare: Added mention of "Fixed Asset Register for medical equipment" and "TPA/Insurance reconciliations."
  • Seniority Level: Focused on "Consolidation" and "Audit Management" rather than just data entry.
  • Compliance focus: Emphasized Ind AS, which is mandatory for a listed entity like Narayana Health.

 

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