Job Description:

• SLA Compliance – Timelines & Accuracy

➢ Inventory Accounting (Movements & Reconciliation with physical stock)

➢ Mark-to-Market / Fair Value Accounting

➢ Month End Processing (Period Close)

➢ Trial Balance, PNL and Balance Sheet Review

➢ Management Reporting

➢ Inter-Company Reconciliations

➢ Account Reconciliations (GL to Sub-Ledger)

➢ Budgeting & Forecasting

• Stakeholder Management

• Compliance with Operational Excellence standards

Key Process Overview:-

• Ensure month close and reporting process (review) is well established and documented

• Ensure adherence to Timeline and Accuracy SLAs and meet internal/corporate deadlines

• Gain hands-on knowledge on all deliverables and ensure proper information is provided to

Entity / BU heads as per requirement

• Ensure that the roles and responsibilities in the monthly closing and reporting process (including a required understanding of the entity’s operations and appropriate accounting knowledge) are clearly defined, documented, updated, and communicated to counterparts on a timely basis

• Ensure that financial statements of the Entity / BU handled adhere to accounting policies defined by the Corporate and any changes thereof from time to time and any exceptions identified are clearly highlighted to onsite teams

• Each sub-ledger is regularly reconciled to the general ledger, and exceptions identified are resolved and recorded in the general ledger in the appropriate accounting period mainly Inventory, Debtors, Creditors, FA, Prepaid and Provisions. Reconciliations for all significant accounts are performed properly, prepared on a timely basis, and independently reviewed. Issues identified are resolved and recorded in the general ledger on a timely basis

Position: Assistant Manager (FMR)

Location: Chennai

Reporting to: Senior Manager

• Application of the entity’s accounting policies to each non-routine event or transaction is independently reviewed for appropriateness and ensures any exceptions are highlighted to business on an immediate basis. Unusual items and exceptions are investigated and properly resolved/recorded in the general ledger in the appropriate accounting period.

• All required analyses, including Trial Balance, PNL and Balance Sheet review, are prepared accurately and consistently in accordance with the entity’s defined closing process and in the appropriate accounting period. Necessary adjustments and all related journal entries are identified and documented during the period-end accounting close process

• All related-party events and transactions are identified and highlighted to the onsite team, appropriately accounted for, and disclosed in the appropriate accounting period

• Journal entries are independently reviewed, validated, authorized, and properly recorded in the appropriate accounting period

• All intercompany transactions and balances are identified, reconciled, and appropriately eliminated in consolidation in the appropriate accounting period.

• All Profit Centres, Cost Centres and GL Accounts of the Entity are mapped as per standard chart of accounts

• Disclosure / Validation checklists and instructions (or other suitable mechanisms) are used in preparing and reviewing all draft financial-statement disclosures for completeness and consistency. All required financial-statement disclosure reporting packages and analyses are prepared, independently reviewed, and submitted to onsite teams

• M2M gain/loss on positions – physical, derivatives and currency have been appropriately accounted as per management/ IFRS guidelines where applicable

• Stakeholder Management

➢ Conduct Monthly Governance calls and ensure action points decided are taken to an end

➢ Continuous engagement with stakeholders to identify process improvement opportunities

➢ Strong escalation management by ensuring resolution within due time

➢ Maintain and communicating Issue Log with detailed RCCA and preventive actions

➢Continuously eyeing for growth and expansion of the offshore delivery team

• Operational Excellence

➢Setting up Validation Checklists for all processes and ensure to review on a continuous basis for completeness and accuracy

➢ Ensure signed off SLAs are in place for all service delivery and maintain a proper track of accuracy and turnaround time

➢ Ensure DTPs are updated and signed-off as per requirement. Ensure quarterly review and update of DTPs for any changes in processes

➢ Ensure RCCA is done as per OE framework and preventive actions are clearly defined and achieved

➢ Identify and implement Continuous Improvement Projects (Six Sigma, Lean, YB projects) to improve the team’s productivity and efficiency and overall quality of processes

➢To layout clear plans for process standardization within Entities / BU handled and implement the same

Profile Description:

Total Years of Experience: 3+ yrs in F&A domain (preferably with Captive experience) in Financial & Management Reporting

• Strong Functional & Analytical skills

• Effective Communication

• Exceptional Leadership Skills

• Ability to handle pressure and work in an environment of strict deadlines

• Ease with technology

• Compatibility for both independent and teamwork

Education: CA. / ICWAI

General Skills:

IT Skills: Extremely well versed with MS Office – Excel, Word PowerPoint

Working knowledge of SAP / Oracle and SAP BPC / BO / BI would be an added advantage

Shift: Night shift (US East Coast 5.30 pm to 2.30 am IST)

© eHelium. Designed By Pixel Studios