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Deputy Manager-Financial Control

4 months ago

kochi, India Alight Full time

Deputy Manager -Financial Control – Lease Accounting

Your candidacy is currently being considered for a requisition for an Alight Inc group company. As you may be aware, Alight has announced intent to divest its Payroll & Professional Services business to HIG Capital. After the transaction closes, this position will be aligned to the new Payroll & Professional Services owned by HIG Capital (‘Divested Group’). By applying for this position which will be with the Divested Group company, you understand and agree to the information you submitted for your application with Alight being shared with the Divested Group company. In addition, if you are made an offer of employment, it will be contingent on your undergoing and successfully completing a background check consistent with the Divested Group company employment policies.

Overall purpose of the job
As part of continued growth within the Alight Kochi shared services division, Alight HR are now seeking potential candidate to join the Finance Controllership team. The ideal candidate will need to be proficient in accounting and he/she must be able to work collaboratively with teams to execute tasks within defined timeframes while maintaining high-quality standards and superior service levels. The ability to take proactive actions and willingness to take up responsibility beyond the assigned work area is a plus.

Manage the accounting for leases and ensure compliance with lease accounting standards such as IFRS 16 and ASC 842. Accurately record lease transactions, including lease classification, initial recognition, measurement, and subsequent accounting. Collaborate with cross-functional teams to gather lease data and ensure completeness and accuracy of lease information. Perform lease analysis to determine the appropriate accounting treatment for complex lease arrangements. Assist in the preparation of financial statements and disclosures related to lease accounting. Stay updated on changes in lease accounting standards under US GAAP and IFRS and assess their impact on the organization. Serve as an individual contributor, taking ownership of lease accounting processes and delivering high-quality results autonomously. Take ownership of transitioning lease accounting processes from onshore teams, ensuring smooth knowledge transfer and continuity of operations. Collaborate with internal and external auditors during audits, providing documentation and explanations related to fixed asset transactions and controls. Identify opportunities for efficiency and effectiveness for improvements in process. Prepare and update process documents related to lease accounting, ensuring clarity and consistency in procedures.

Eligibility to Apply

Qualified Accountant with 5+ years’ experience / Semi Qualified Accountant (CA/CWA/CIMA / ACCA) or MBA/ M.com in Finance with minimum of 8-12 years’ experience. Solid understanding of lease accounting principles and standards, including IFRS 16 and ASC 842 Rigorous attention to details, professional attitude, reliable

We offer you a competitive total rewards package, continuing education & training, and tremendous potential with a growing worldwide organization.