Industry Principal, Finserv/healthcare Marketing

6 months ago

Pune Maharashtra, India Snowflake Full time

Build the future of data. Join the Snowflake team.

Snowflake is looking to hire a Payroll Accountant to be a part of its world class Accounting and Finance Organization. The position requires a well-rounded individual who has demonstrated the ability to deliver results in a high-growth, dynamic, and fast-paced environment. You are versatile, analytical, motivated, creative, intellectually curious, a strong communicator and collaborator. To be successful in this role you should have a clear understanding of how to record compensation and benefit-related expenses in a timely and accurate manner. Using your solid accounting knowledge of payroll transactions, you will ensure that accounts related to compensation and benefits are properly stated on financial statements in accordance with US GAAP. The primary duties of this position are preparing and uploading journal entries to record payroll expenses and related liabilities of the US Snowflake entity. This position will also be responsible for preparing Balance Sheet reconciliations. The position requires close coordination with different stakeholders in the Company to timely resolve open items within the payroll accounting cycle. You should develop a clear understanding of the close calendar of the Company and ensure compliance. This position will also be required to maintain effective internal controls and ensure accounting activities are US GAAP compliant. Additionally, there will be ad-hoc projects to help streamline and update accounting processes and reporting. Working knowledge of a global ERP system such as Workday is a huge plus

**RESPONSIBILITIES**
- Read, understand, and comply with the accounting policies and procedures followed by the Company.
- Prepare and upload manual journal entries including but not limited to recording:

- Bi-weekly US payroll and weekly stock payroll entries.
- Intercompany entries relating to the area of Payroll, ESPP transfers & Stock tax.
- Balance Sheet entries to record liabilities related to payroll.
- Monthly payroll accrual entries as required.
- Reconciliation of the payroll clearing account.
- Take ownership for preparing Balance Sheet Reconciliations in accordance with internal guidelines and corporate deadlines. Work closely with the regional payroll teams and other relevant stakeholders to track open items in the Balance Sheet Accounts to resolve them in a timely manner.
- Deep dive and explain significant movements in account balances by way of commentary (Balance sheet & Income statement fluxes).
- Work with cross functional teams to identify issues and bridge process improvement gaps and propose reasonable and reliable solutions including opportunities for automating manual processes and/or activities within a process.
- Adhere to the accounting and reporting deadlines as described in the monthly close calendar.
- Raise issues/queries with the manager and/or corporate team to coordinate and resolve in a timely manner.
- Assist with the creation and preparation of ad hoc schedules and reports as required by management.
- Prepare and report key performance metrics for management review.
- Ensure controls, including all SOX controls, are properly performed within the payroll accounting process.
- Provide required support for external, internal and SOX audits, process walkthroughs and workflows as required (primarily during quarter and year end audits).
- Create Standard Operating Procedures (SOP) and update them on a regular basis in consultation with relevant stakeholders.

**REQUIREMENTS**
- CA (with 1 to 5 years) **OR**

Bachelor / Master of Commerce / Accounting Technician (with 5 to 10 years) experience in a multinational company working in payroll and general accounting in Information Technology Company is desirable.
- Required to work shifts to overlap with US time zones on critical days of month / quarter / year end close.
- Strong work ethic and flexibility to work extended hours during critical periods such as quarter-end and year-end.
- Able to work independently on regular routine assignments, including managing time to meet critical deadlines.
- Hands-on experience with Workday ERP is preferred.
- Working Knowledge of reconciliation tool would be a plus.
- Good working knowledge of Microsoft business suite with strong Excel skills.
- Good command of English speaking and writing.
- Good communication and interpersonal skills.
- Adapts quickly to change in a fast-paced dynamic organizational structure.
- Maintain confidentiality in all assignments and in all information obtained.
- Team player.

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