Head of Financial Accounting

3 weeks ago

Mumbai Metropolitan Region, India Sodexo Full time

About us :

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At Sodexo, we provide a bouquet of 100+ service offerings Online Catering Services and Facility Management and varied clientele corporates, healthcare organizations, manufacturing locations, educational institutes and in remote environments. Our solutions range across food & catering, facilities management, technical services, workplace experience, energy management, and benefits & rewards services. We harbor an inclusive, diverse, fair, equal, and positive work environment to improve the quality of life of those we serve, everyday.


Our employees believe that working with Sodexo is more than a job; its a chance to be part of something greater because we believe our everyday actions have a big impact.

You belong in a company that allows you to act with purpose and thrive in your own way. Sodexo has been recently accredited with the Great Place To Work certification

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Position Title: Head Financial Accounting India

Location: Nesco, Mumbai


Role:

Heading the Financial Accounting team, responsible for monthly closings as per scheduled timelines, Statutory and Group audits, Liaison with various statutory authorities for Direct/ Indirect tax, Labour law assessments, Leading central & region team, Governance with Shared Services for P2P, O2C, R2R, T&E, FA activities, ERP implementation (Project)


Key Responsibilities:

· Month end reporting:

  • Analysis of financials before month end finalization
  • Analysis of sales accruals
  • Analysis and finalization of profit centers & cost centers - expense provisions, credit notes to clients, client deductions, employee expenses, salary variance analysis
  • Balance sheet reconciliation analysis, reporting correct P&L and all key MS metrices
  • Compliance with IndAS and IFRS
  • Adherence to Group Accounting Manual
  • Providing the correct profit & loss
  • Ensuring all the adjustments entries are recorded on timely basis
  • Working with finance shared services to ensure timely and accurate closure of all accounting activities
  • Audit
  • Handling statutory, internal and group audits
  • Ensuring correct data is provided to auditors on timely basis
  • Preparing and finalizing Balance sheets along with all notes, intercompany details
  • Calculation of CSR expenses, MSME interest, Gratuity and leave encashment actuarial valuations, ensuring posting of all adjustment audit entries
  • Liaison with various other departments like legal, HR, IT, Tax for notes and reconciliation
  • Addressing all audit queries and working with local management to address them
  • Governance with Regional & Shared services Team
  • Responsible for Governance with regional teams, co-ordination with regional finance managers (RFMs) & Shared Services Team to ensure governance related to P2P, O2C, R2R, T&E, FA activities, collections, ensuring RFMs are imparting their responsibilities on timely basis
  • Compliances, audits and assessments
  • Handling and co-ordination in various audits/ assessments related to HR (PF, ESI, etc), state VAT/ GST, Direct taxes – ensuring correct data is being prepared and provided to all authorities in a timely manner, liaison with authorities on a case to case basis and closing the assessments
  • Other responsibilities
  • Handling team and ensuring their deliverables on a timely basis
  • Development of team skills, adopt new technologies to bring efficiencies
  • Well versed with India AS
  • Well versed with other laws related to GST, Labor laws, Direct tax, etc
  • Co-ordination with key personnel in Operations, HR, Tax, IT to ensure correctness of reporting and timely resolution of issues
  • Maintaining the Delegation of Authority (DOA) matrix and ensure that it is being complied with

Experience | Skill Requirements

  • Good management skills and able to successfully manage a large, diversified team.
  • CA preferably with bachelor’s degrees in accounting or related field with minimum 10+ years of relevant experience
  • Good working experience of ERPs like SAP, Oracle, MS AX or equivalent
  • Relevant Experience in similar roles of 2 to 3 years
  • Ability to work under pressure for tight deadlines.
  • Excellent communication skills, including ability to efficiently write emails and memos.
  • Exhibit exceptional skills in organization, accuracy, consistency, and attention to detail.
  • Excellent liaison skills

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