Associate

Designation - Associate Location - Chennai Timing US Shift - 6.30 pm to 3.30 am IST, 9 am – 6pm EST UK Shift - 12 pm-9pm IST Key Responsibilities : The role involves working with entity financials including monthly close processes, account reconciliation, Intercompany Eliminations and substantiation. The role demands a strong review and control background with the ability to assist in Accounting and Controls and work with the Auditors. The ability to understand the system architecture and assist projects will be useful. Other skills may include the following not necessarily limited to • Strong financial background including exposure to US GAAP or IFRS. • Post graduate degree in finance, Accounting, or a related field. • Excellent communication with ability to articulate and present clearly. Prepare and present accurate and timely financial statements on a periodic basis (monthly/quarterly/annual) This includes balance sheets, income statements, cash flow statements, and other required reports, ensuring compliance with relevant accounting standards. Manage Financial Statements: • This involves maintaining accurate and organized ledger with proper documentation. • Perform periodic/monthly intercompany / bank statement / balance sheet and GL reconciliations and analysis. • Assist in discrepancies and respond to team/ management requests. • Cater to ad hoc request on financial statements from clients and management. • collaborate with the reporting team to align the financial statements number. Ensure compliance with accounting standards and regulations: • This includes understanding and applying accounting standards like IFRS (International Financial Reporting Standards) or GAAP (Generally Accepted Accounting Principles), as well as relevant local regulations. Risk Management: Identify, assess, and mitigate financial risks: • This involves identifying potential risks to the company's financial stability, evaluating their likelihood and impact, and implementing strategies to mitigate them. Report on financial risks: • This ensures that senior management is aware of potential risks and can make informed decisions. Audit, Controls and Policies: Develop and maintain a robust system of internal controls: • This includes establishing policies and procedures to safeguard assets, prevent fraud, and ensure the accuracy of financial data. Regularly assess the effectiveness of internal controls: • This involves evaluating the effectiveness of existing controls, identifying any weaknesses or gaps, and implementing corrective actions. Develop and implement up-to-date financial policies and procedures: • Coordination with external auditors in support of audits and examinations. Background/Experience : • 0-3 years of Financial Control / FP&A. • Qualified CA and/or CFA (US). • High proficiency in MS Excel. • Experience working with accounting software is a must. • Experience with Microsoft Dynamics (Business Central) ERP a plus. • Very strong English skills, both written and verbal. • Must have applicable accounting and financial reporting skills, thorough understanding of General Ledger, Consolidations and financial statements, Balance Sheet, Income Statement, Cash Flow Statement and Partners Capital. Key requirements and expectations • To be able to contribute to the execution of organization plans to strategic requirements of the organization and be able to execute, Plan resources, manage process and deliver process improvements. • Coordinate /collaborate with other colleagues in Financial Control team to deliver valuable outcomes. • To support manager/ VP on responsibilities and behaviors to deliver strong outcomes. • To work and mitigate/remediate risks through assessment