Job Description
Role:
– Lead the General Ledger vertical for multiple Indian entities which are part of the MNC Manufacturing Group operating in India
– Responsible for the Record-to-Report (RTR) function comprising of accurate and timely delivery of GL accounting activities, finalization of books of accounts, reporting as per statute, coordinating, and managing the day-to-day operations of the RTR team for multiple entities
– Manage and develop team’s performance, monitor the cost of operations and ensure compliance and controls are in place for all activities of the Finance Shared Services
– Set and manage performance & provide strategic direction, while ensuring smooth delivery of day-today operations for R2R vertical. Also, provide supervision to verticals outside RTR
– Control, monitor and improve the service levels related to the R2R activities
– Responsible for Financial accounting, finalization of books of accounts and reporting as per IND AS for statutory books and IFRS for group reporting
– Manage and supervise team to ensure that the deadlines & deliverables of monthly, quarter and year end close requirements are completed in a timely and accurate manner.
– Prepare consolidated financial accounts including subsidiaries and associated company and effectively establish an integrated accounting and reporting system
– Monitor and review monthly Balance sheet account reconciliations and perform P&L analysis to ensure the integrity of accounts
– Collaborate with auditors to ensure successful audit and compliance with respect to Statutory, Group, Tax, and Internal Audit guidelines
– Ensure tax compliances for all entities in India, which includes TDS and TCS payment, return filing & reconciliations. Provide financial data for Direct and Indirect Tax Assessments
– Ensure compliance with the Internal Control principles and accounting standards. Maintain proper internal controls in FSSC India as per the group’s Internal Control Reference framework.
– Manage relationship and liaise with the stakeholders for ensuring alignment on process related activities, changes in process and identifying opportunities to transition more activities to FSSC
– Partner with business and provide value added inputs that would help in achieving business objectives.
– Act as a point of escalation for critical/ complex service issues
– Carry out team management responsibilities in accordance with the organization’s policies and applicable laws, including:
– Plan, assign and direct work.
– Appraise performance; provide feedback and coaching, reward, and discipline employees.
– Ensuring that overall delivery of services meets or exceeds agreed KPIs, and SLAs defined and is within a strong internal control framework.
– Ensuring that overall delivery of services meets or exceeds agreed KPIs, and SLAs defined between internal clients and FSSC and is within a strong internal control framework.
– Driving ongoing continuous improvement through LEAN/ six sigma, automation opportunities to improve profitability.
Requirements:
– Chartered Accountant with 15+ years of post-qualification experience.
– 12+ years of proven experience in client service function or Captive Finance Shared Services is a distinct advantage. Experience of setting up GL process will be a plus – Minimum of 5+ years of experience in leading, developing, and coaching team members.
– Expert knowledge of financial accounting and finalisation of accounts
– Hands-on experience of accounting ERP’s (preferably SAP) with good knowledge across finance processes (RTR) including best practices, technologies, processes & tools.
– In-depth knowledge of IND AS or IFRS/US GAAP and other accounting / auditing/ reporting standards.
– Ability to think strategically, taking a balanced short and long-term view when solving problems.
– Experience of supervising managers of multifunctional or global teams in the past and ideally worked in an operations environment to deliver high quality outcomes and results.
– Experience working for a multinational organization and working with colleagues internationally.
– Excellent stakeholder engagement skills and ability to communicate effectively.
– Experience in SAP
– Excellent computer skills and competency in Microsoft Office (Word, PowerPoint, Excel, Outlook)
– Experience in managing people and processes through a sustained period of change
– Strong written & oral communication skills in English
– Prior experience in managing high transaction volumes, with good knowledge of associated controls and procedures, and in managing and leading teams for service delivery
Location: Mumbai
Company: This position is for a Client of Vertex Corporate Services which is an Accounting & Finance Shared Services Centre of Leading MNC Manufacturing Group