Covasant

Covasant provides autonomous AI solutions that automate and optimize business processes. It uses an AI-led Services as a Software approach to deliver scalable, agentic capabilities. Core tech includes personalization, custom model development, and deep industry knowledge. The company targets enterprises with B2B implementations and aims to integrate into existing workflows. Overall, Covasant focuses on improving decision quality and operational efficiency at scale.

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Covasant

HQLittle Elm, US

Team Size234

Open Jobs6

Total Funding-

Latest FundraiseUnknown

Join the Team

Head IFRS Accounting

On-SiteHyderabad, Telangana, IN

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Job Summary:

The Head of IFRS will lead and develop GI Outsourcing’s International Financial Reporting Standards (IFRS) practice across India locations. This leadership role is responsible for oversight, interpretation, and application of International Financial Reporting Standards (IFRS) for the GI outsourcing, specifically focusing on UK-based client accounts.

This role will play a key part in strengthening technical capabilities, driving operational excellence, and supporting business expansion across global client portfolios.

Key Responsibilities:

Leadership & Strategy

Provide vision and strategic direction for the IFRS service line, aligning team goals with GI Outsourcing’s overall business objectives.
Define and implement IFRS delivery frameworks, KPIs, and best practices across all locations.
Collaborate with senior leadership and the Executive Committee to shape the long-term IFRS roadmap and service innovations, and growth strategy.
Lead initiatives that enhance operational efficiency, scalability, and profitability within the IFRS division.

Technical Excellence

IFRS compliance : Ensure client financial statements, reports, and disclosures are prepared accurately and in full compliance with current IFRS and UK accounting regulations.
Policy Development : Lead the development, maintenance, and rigorous application of the group's accounting policies and procedures across the Indian operations to ensure consistency with UK regulatory requirements.

Compliance & Governance

Ensure all IFRS engagements comply with professional, legal, and ethical standards.
Establish and monitor internal review mechanisms to maintain data integrity and reporting accuracy.
Liaise with regulatory bodies and stay informed about emerging compliance requirements.
Champion transparency, documentation standards, and audit-readiness across all IFRS functions.

Client Management & Communication

Act as a senior technical advisor to clients, providing strategic insights and practical solutions to IFRS-related challenges.
Foster long-term client relationships through proactive communication, technical confidence, and reliable service delivery.
Support business development by contributing to client proposals, presentations, and IFRS-led consulting opportunities.
Collaborate with UK and India-based teams to ensure consistent client experience across all service lines.

Technology & Transformation

Drive the adoption of modern accounting technologies, automation tools, and analytics platforms to improve IFRS reporting efficiency.
Partner with IT and transformation teams to implement digital solutions that enhance accuracy, turnaround time, and data transparency.
Promote innovation through continuous improvement initiatives and integration of technology into financial processes.

Qualifications & Experience:

Professional Qualification : Must possess a globally recognised, senior professional accounting qualification, such as ACA, ACCA or an equivalent Chartered Accountant (CA) qualification.
Education: Bachelor's or Master’s degree in Accounting, Finance, or a related field.
A minimum of 12-14 years of progressive experience in financial reporting and technical accounting, with a significant focus on UK IFRS/UK GAAP.
Extensive post-qualification experience, ideally gained within an outsourcing firm or leading audit/consulting organization, followed by a senior role in a multinational corporation, financial services firm, or shared services environment.

Preferred Attributes:

Statutory Reporting : Oversee the end-to-end preparation, review, and quality control of statutory financial statements for UK clients, ensuring absolute compliance with UK legal and accounting standards.

Adoption of new standards : Monitor upcoming IFRS developments, assess their impact on UK clients, and lead the implementation of new standards and policies

UK GAAP to IFRS transition : Lead and oversee transition projects for UK clients migrating from UK GAAP (Generally Accepted Accounting Principles) to IFRS.

Demonstrated expertise in interpreting and applying complex IFRS standards.

Experience in managing UK or international client portfolios preferred.

Excellent leadership, communication, and client management skills.

Executive Presence: Ability to interact, influence, and communicate effectively at the top leadership and Board.

Outsourcing/Offshore Model Experience: Deep understanding of the outsourcing delivery model, including managing service levels, governance, and quality in a high-volume, deadline-driven environment.

Strategic & Commercial Acumen: Beyond technical expertise, the candidate must have the ability to translate technical accounting impacts into clear commercial terms that influence business strategy and client outcomes.

Sales & Relationship: Build and maintain strong client relationships to drive business growth and customer satisfaction. Identify new opportunities through proactive engagement and market insights. Collaborate with internal teams to deliver tailored accounting and outsourcing solutions.

Change Management: Proven track record in leading large-scale technical change projects, such as system implementations or the adoption of new IFRS standards across a geographically dispersed team.

Advanced IT Skills: Proficiency in major accounting software (e.g., SAP, Oracle, Xero, CaseWare) and financial reporting systems.