Company : Varsity Education Management

Role : R2R Head

 

Key Responsibilities

 

Financial Accounting & Reporting

• Lead the end-to-end R2R cycle: journal entries, reconciliations, accruals, provisions, intercompany accounting, and month-end/year-end close.

• Ensure accurate and timely preparation of financial statements in compliance with Ind-AS/IFRS/IGAAP and company policies.

• Own and drive the preparation and consolidation of group financial statements.

• Review general ledger accounts, ensuring integrity, accuracy, and compliance.

 

Controls & Compliance

• Implement and maintain robust internal controls over financial reporting (ICFR).

• Ensure compliance with regulatory requirements.

• Manage statutory, tax, and internal audit requirements, and ensure timely closure of audit observations.

• Implement month close process and ensure strong monthly controls check list.

 

Process Excellence & Transformation

• Standardize and streamline R2R processes across business units/branches.

• Drive automation, digitization, and adoption of ERP/Oracle/SAP tools for faster close cycles.

• Establish KPIs and benchmarks for efficiency (e.g., D+5 close timelines, zero recon breaks).

• Partner with FP&A, P2P, O2C, and Treasury to ensure seamless financial operations.

 

Stakeholder Management

• Collaborate with business heads, Functional heads to align on accounting policies and reporting requirements.

• Support CFO in presenting financial results, variance analysis, and disclosures to the Board.

• Act as the primary contact for auditors.

 

Team Leadership

• Lead, mentor, and build high-performing R2R teams across multiple locations.

• Strengthen technical accounting expertise within the team.

• Foster a culture of accountability, accuracy, and continuous improvement.

 

Key Deliverables

• Timely and accurate monthly, quarterly, and annual closes.

• Statutory, management, and regulatory reporting packs.

• Robust internal control framework with zero non-compliance issues.

• Reduction in close cycle timelines (fast close initiatives).

• High stakeholder satisfaction and reduced audit observations.

 

 

Qualifications & Experience

• Chartered Accountant (CA), CPA, or equivalent qualification.

• 8 to 10 years of progressive experience in finance and accounting, with at least 5 years in a leadership role in R2R/General Ledger.

• Strong technical knowledge of Ind-AS, IFRS, and regulatory frameworks.

• Experience with ERP systems (Oracle, SAP, or equivalent).

• Proven track record of driving process transformation and automation.

• Prior experience in a large multi-branch/multi-entity setup (Education, Services, or MNC preferred).