R2R Manager

Condé Nast

is a global media company, home to iconic brands including Vogue, The NewYorker, GQ, Glamour, AD, Vanity Fair and Wired, among many others. The company's award-winning content Reaches 84 million consumers in print, 367 million in digital and 379 million across social platforms, and generates more than 1 billion video views each month.

The company is headquartered in London and New York, and operates in 32 markets worldwide,including China, France, Germany, India, Italy, Japan, Mexico & Latin America, Russia, Spain,Taiwan, the UK and the USA, with local license partners across the globe.

Job Summary:

R2R Manager:

Reporting to the Bangalore based Director of Finance Operations and Transformation, the R2RManager will be responsible for delivering high quality R2R services to the US, UK and UAE Markets.The R2R Manager will ensure that all monthly, quarterly and annual Management Financialstatements and records are maintained according to US GAAP and that all market specific statutory and tax reporting is processed in a timely, accurate and effective manner. The R2R Manager will work with stakeholders across the Global Controlling team to ensure adoption and compliance with global accounting policies and provide reporting to the US, UK & UAE Market Controllers to track progress towards achieving service delivery targets, agreeing action plans where necessary to improve performance. The R2R Manager will ensure that all handoffs with the Market FP&A teams, especially during the Month End close, are agreed and managed to ensure the efficient delivery of Month End reporting. The R2R Manager will look to achieve high levels of process standardization and automation maximizing the adoption of Workday and other technologies by the R2R team and will participate in activities to extend the scope of the R2R team. The R2R Manager will lead a team of 19 FTEs located in Bangalore.

Key responsibilities include:

R2R Service Delivery

● Lead the delivery of R2R activities for the US, UK and UAE Markets, ensuring the timely andaccurate recording of management financial records in line with US GAAP, CN accountingpolicies and all relevant local statutory and tax reporting requirements.● Work with Global Controlling teams to maintain a comprehensive set of user guides,templates, reports and documents to ensure that accounting activities are delivered accordingto CN policies and with the maximized adoption of Workday in areas including:○ Maintenance of the Month End timetable ensuring all inputs are established and thathandoffs with Market Controllers and Market FP&A teams are clear and commonlyunderstood○ Perform activities during the Month End close to ensure adherence with the timetableand to ensure actual results are accurately reported in the period across all financialstatements and that supporting documentation is provided to explain any unusualmovements in the period and so support the variance analysis being prepared MarketFP&A teams○ Preparation of manual journals in accordance with accounting policies and withappropriate levels of supporting documentation in areas including accruals,provisions, reclassifications, statutory adjustments and audit adjustments○ Processing in Intercompany customer / supplier invoices○ Maintenance of fixed assets and inventory, including appropriate asset creation,depreciation and disposal, highlighting any potential impairment risks○ Work with the O2C and P2P Managers to ensure that accounting treatment relating torevenue (e.g. deferred and accrued income) and cost recognition (e.g. supplier invoicedown payments and prepaid content) is understood reflected in the postings made byteams○ Maintenance of all indirect and direct tax related master data (e.g. tax rates andapplicabilities) in Workday and manage the production of required statutory reportsfor approval by the Market Controller and submission to statutory bodies○ Preparation of insightful and action orientated bank reconciliations, ensuring thataged balances are clearly identified and action plans established with the MarketController to ensure the balance sheet is accurate and material risks and opportunitiesare subject to periodic review○ Provide inputs to ensure that non operational items (e.g. severance costs, exceptionalitems, intercompany/transfer pricing, tax, depreciation etc) are budgeted andreported, seeking approval from the US and UK Market Controller and otherstakeholders for the all relevant entries● Act as a point of contact for all US, UK and UAE Finance and non Finance team members onR2R-related matters, providing advice and guidance on appropriate accounting treatmentincluding coding and proactively working with team members to ensure accuracy ofaccounting entries at source to reduce error corrections and liaising with Market Controllersand Global Controlling team to seek support for any action plans● Coordinate with the US, UK and UAE Market Controller to support internal and externalauditors, providing necessary documentation and explanations to facilitate audits● Perform periodic controls testing and put in place actions to address identified controls risksContinuous Improvement● Develop and monitor performance against agreed performance measures and KPIs, ensuringactions are taken to address key control risks and address improvement opportunities throughprocess standardization, Workday and other technology adoption and better ways of teamworking● With the US, UK & UAE Market Controller, input a range of projects, ensuring that allproposals that impact the R2R team are successfully delivered and embedded in theorganisation● Participate in arrangements to ensure Global Controlling teams collaborate and shareopportunities to standardise and enhance service delivery● Participate in activities to streamline and standardize the use of the Workday FDM (Charts ofAccounts)● Work as part of the Bangalore Controlling Operations management team to support thedelivery of the overall team’s goals● Participate fully in the transition of additional activities into the Bangalore teamTeam Management● Manage the activities of team members, setting goals/targets and providing coaching andfeedback to develop capabilities and improve performance● Periodically review activities of the team members to ensure activities are focused onenhancing the effectiveness and efficiency of the team and that activities are focused ondriving higher levels of compliance and controls and that transactional activities and errorcorrections and automated or eliminated wherever possible● Participate in activities that drive the improvement in Engagement scores and achieve higherlevels of staff performance, career development, and satisfaction.Skills & Qualifications:● Qualified finance professional with senior financial management experience within a complexglobal organisation● Bachelor’s degree in accounting, Finance, or related field. A CMA, or equivalent professionalcertification is required.● Proven experience in accounts payable, with minimum 10+ years in a management orleadership role in a global organisation.● Strong understanding of international financial reporting standards (IFRS) and generallyaccepted accounting principles (US GAAP). Exposure to US and UK statutory reportingrequirements and ideally UAE but this is not essential● Strong Finance Controlling skills, with experience of operating across R2R, P2P and O2Cprocesses● Demonstrated ability to thrive in a matrix management environment.● Highly developed interpersonal and communication skills including influencing, negotiationand coaching● Highly developed cultural awareness and ability to work well in an international environmentwith people from diverse backgrounds and cultures● Strong results orientation, with the ability to challenge existing mind-sets● Ability to present accounting matters and results in a succinct and compelling manner● Demonstrated experience in process improvement and the successful implementation offinancial systems and automation tools.● Excellent leadership and team management skills

To lead the performance of high-quality Record to Report services to our US and UK markets. This strategic role is key to enhancing our financial processes and systems, ensuring accurate financial reporting, and driving efficiency across our markets. This role involves managing and supervising the R2R team, ensuring accurate and timely month-end close, adherence to company policies and regulatory compliance.This position offers an opportunity to lead a dynamic team and drive continuous improvement in our R2R operations to support the company's strategic objectives.

● Ensure compliance to R2R policies, and procedures to standardise processes, increaseefficiency, and reduce errors and discrepancies.● Oversee month-end, quarter-end, and year-end closing activities, ensuring timely and accuratepreparation of required tasks and reports.● Manage general ledger accounting, including journal entries, accruals, and GL accountreconciliations, to maintain the accuracy and integrity of financial records.● Serve as the primary point of contact for all R2R-related matters, working closely with regionalfinance teams to ensure consistent application of policies and procedures.● Monitor and analyse financial data, identifying trends and areas for improvement, andproviding strategic insights to senior management.● Ensure the integrity of the general ledger, overseeing month-end and year-end closingprocesses, and ensuring all financial transactions are recorded accurately and timely.● Coordinate with internal and external auditors, providing necessary documentation andexplanations to facilitate audits.● Experience demonstrating ability to successfully transition new activities into Bangalore team.

Thanks,

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