Financial Transaction Processing Complex
2 months ago
**Date**:01-Mar-2023**Country**:India**Function**:Olam Global Business Service**Sub-Function**:Production- Responsible for monthly book closure, preparation and posting of Journal entries, financial reporting, and reconciliations. Application of the entity’s accounting policies to each non-routine event or transaction is independently reviewed for appropriateness and ensures any exceptions are highlighted to business on an immediate basis
- Unusual items and exceptions are investigated and properly resolved / recorded in the general ledger in the appropriate accounting period
- Managing the Financial and Management Reporting (RTR) processes and ensuring the service level agreements are met as per the timeline and accuracy
- Overall responsibilities include:
- Inventory accounting (movements and reconciliation with physical stock)
- Mark-to-Market / Fair Value accounting
- Month-end processing (period close)
- Trial balance, PNL and balance sheet review
- Management Reporting
- Inter-company reconciliations
- Account reconciliations (GL to sub-ledger)
- Budgeting and Forecasting
**Job Summary**
- SLA Compliance - Timelines & Accuracy
- Inventory Accounting (Movements & Reconciliation with physical stock)
- Mark-to-Market / Fair Value Accounting
- Month End Processing (Period Close)
- Trial Balance, PNL and Balance Sheet Review
- Management Reporting
- Inter Company Reconciliations
- Account Reconciliations (GL to Sub-Ledger)
- Budgeting & Forecasting
- Stakeholder Management
- Compliance with Operational Excellence standards
**Profile Description**
- Commerce Degree from an Institute of repute with Chartered Accountancy/Cost Accountancy qualification
- 8+ years in RTR domain from FMCG/Manufacturing/Captive/Third-Party environment
- Ensure month close and reporting process (review) is well established and documented
- Ensure adherence to Timeline and Accuracy SLAs and meet internal / corporate deadlines
- Gain hands-on knowledge on all deliverables and ensure proper information is provided to Entity / BU heads as per requirement
- Ensure that the roles and responsibilities in the month closing and reporting process (including a required understanding of the entity’s operations and appropriate accounting knowledge) are clearly defined, documented, updated, and communicated to counterparts on a timely basis
- Ensure that financial statements of the Entity / BU handled adhere to accounting policies defined by the Corporate and any changes thereof from time to time and any exceptions identified are clearly highlighted to onsite teams
- Each sub ledger is regularly reconciled to the general ledger, and exceptions identified are resolved and recorded in the general ledger in the appropriate accounting period mainly Inventory, Debtors, Creditors, FA, Prepaids and Provisions. Reconciliations for all significant accounts are performed properly, prepared on a timely basis, and independently reviewed. Issues identified are resolved and recorded in the general ledger on a timely basis
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