Financial Executive

3 weeks ago

Bengaluru, Karnataka, India BorgWarner Full time
Financial Executive, Bengaluru Tech Center, India


Bengaluru Technical Center, India currently has ~240 engineers working on software and systems competency supporting multiple awarded projects and internal platform development activities for the PDS organization and this location is estimated to grow upto ~840 engineers by end of 2025.

General responsibilities of this position include support finance team in daily operations adhering to BW controls and process.

Under the direction of the finance team, the thriving executive will update and maintain financial records, reconcile bank statements, and manage our accounting databases.

He/She shall perform accounting duties within a fast-paced finance department, while adhering to established accounting standards.

The Finance executive should be a resource for accounts payable and receivable and also Assist in audit and other compliance requests.

He/She would need to execute accurate reporting, filing, and database management in multiple systems in addition to ensuring confidentiality in keeping the information and also securing financial information by database backup completion.

He or she will join like-minded financial experts continually focused on sharpening their skills.


The position reports to the Senior Finance Lead, PDS Technical Center, India and will be located at the Bengaluru facility in India.

This position

Must remain objective and unbiased.

Considers and seeks out the impact of his/her actions within the team.

Actively seeks collaboration with internal and external team members.

Be proactive in carrying out his/her activities

Key Accountabilities:

  • Adhere to business controls to ensure BW policies and financial goals are met and continually monitor the same.
  • Proper accounting to ensure accurate cost center reporting for Engineering R & D reporting and for other functional disciplines as required.
  • Verify and post details of business transactions, such as funds received and disbursed, and totals accounts to ledgers and databases
  • Process journal entries an reconcile bank statements in comparison to general ledger
  • Prepare consolidated internal and external financial statements by analyzing information from the general ledger system
  • Review and balance internal accounts, analyze variances with financial software
  • Match, batch, and coding vendor invoices
  • Participate in monthend close activities, including preparation of journal entries, reconciliation of accounts, tax computations, and other accounting duties in a timely manner
  • Support the India Legal Entity for this RU (BW India Pvt. Ltd.) Gurgaon team for legal entity related financial statements and filings.
  • Support Indian regulatory compliance, including all statutory requirements viz., GST, Customs, taxes, etc.

Qualifications and Requirements:
Education/Experience

  • Master's Degree in accounting or finance
  • 23 years of accounting experience
  • Natural Proficiency with Math
  • Knowledge of basic financial, tax, and accounting principles
  • Excellent organizational skills and attention to detail
  • Demonstrated experience with Indian regulatory requirements
  • ERP experience (SAP experience a strong plus)
  • Handson experience in Microsoft office with aptitude to learn new systems

Competencies:

  • Action Oriented
  • Enjoys working hard; Is action oriented and full of energy for the things he/she sees as challenging; Not fearful of acting with minimum of planning; Seizes more opportunities than others.


 Priority Setting
  • Spends his/her time and the time of others on what's important; Quickly zeros in on the critical few and puts the trivial many aside; Can quickly sense what will help or hinder accomplishing a goal; Eliminates roadblocks; Creates focus.


 Informing
  • Provides the information people need to do their jobs and to feel good about being a member of the team, unit, and/or the organization; Provides individuals information so that they can make accurate decisions; Is timely with information.


 Ethics and Values
  • Adheres to an appropriate (for the setting) and effective set of core values and beliefs during both good and bad times; Acts in line with those values; Rewards the right values and disapproves of others; Practices what he/she preaches.


 Problem Solving
  • Uses rigorous logic and methods to solve difficult problems with effective solutions; Probes all fruitful sources for answers; Can see hidden problems; Is excellent at honest analysis; Looks beyond the obvious and doesn't stop at the first answers.


 Functional Technical Skills
  • Has the functional knowledge and skill to do the job at a high level of accomplishment.

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