Record to Report

Job Description About the Role: OSTTRA India The Team:Osttra Finance Team is based out of the UK, India, Penang, Sweden and US. It is an entrepreneurial team, who is highly energetic, flexible, dynamic and works beyond boundaries to deliver the real values. We are standing up an independent global finance team. The Impact: OSTTRA has the largest financial institutions in the world as clients. We believe that long-term value to the client is the most important goal of our team, and technology is the tool to bring that value, and your contribution in the form of delivery, improvements and innovations can have a significant impact on the financial system. About the Role: The Record to Report (R2R) Senior Associate will play a crucial role within the OSTTRA Finance Team, focusing specifically on the accurate and timely closure of operating costs in the ledger. This position requires a strong understanding of underlying business, accounting principles and meticulous attention to detail to ensure the integrity of financial records. The successful candidate will be responsible for managing end to end accounting of costs, including overseeing the month end close cycle, all the associated accounting adjustments (Accruals, Prepayments, Provisions, Reclassification), Reconciliation & Substantiation. Working Hours: India Hours (the candidate must be flexible to support UK hours) Responsibilities and Impact: The Senior Associate is responsible for ensuring the ledger integrity encompassing several duties, including but not limited to: - Month-End Close: Managing the end to end accounting of operating costs. This involves preparation & review of month-end journals, including accruals, provisions, reclassifications, prepayment journals within stipulated timelines as well as in adherence to the month end closing calendar of OSTTRA. - Reporting: Exposure in creating and maintaining the reports in SAP to support the management reporting. - Internal Controls: To ensure month end processes are governed as per local policies and procedures and are complied with the internal financial control process at OSTTRA. - Reconciliation & Substantiation: Performing sub-ledger to general ledger reconciliation and substantiation of journals and balance sheet accounts related to operating costs to ensure accuracy and resolve any discrepancies promptly. - Chart of Accounts: Manage the end-to-end lifecycle of CoA elements (e.g., GL accounts, cost centres, profit centres) including creation, modification, deactivation, and hierarchy maintenance in SAP. - Audit Support: Leading the engagement with auditors for end to end operating costs process & ensuring timely closure of audit items. - Process Improvement: Proactively identifying opportunities to enhance and streamline accounting processes, leveraging automation and best practices to improve efficiency and accuracy. - Initiatives / Projects: Lead initiatives / projects as required to support any business driven / system changes. - Stakeholder Management: Collaborate cross-functionally with teams such as Group Financial Control, Legal Entity Control, FP&A, and Technical Accounting to strategically address and resolve ad-hoc financial and operational challenges. Basic Required Qualifications: To be successful in this role, the Record to Report Senior Associate mustpossess a mix of Technical & Professional competencies. They must be adept at: - Experience: 8-10 years of relevant experience in an accounting or finance role, with a strong focus on Record to Report activities and comprehensive experience in operating cost accounting. - Financial & Accounting Acumen:Good understanding of accounting principles (US GAAP) and financial reporting with specialisation of operating costs accounting. - Driving Change & System Implementation: Good working experience in process & system transition (Preferably SAP). As a process owner, can play a key role in implementations before go-live and can manage post go-live. Someone who embraces and champions change, thrive in dynamic environments, and drives innovation. - Team Management: Team lead experience in global working environment, effective delegations within team, goal setting and performance discussions, can build a high performing team with a clear sense of ownership and accountability. - Communication: Exceptional verbal and written communication skills, with the ability to present complex financial information clearly and concisely to key stakeholders. - Analytical skills: Strong ability to analyse financial data, identify trends, and explain variances. - Attention to Detail:Meticulous approach to reviewing financial data, reconciliations, and journal entries to ensure 100% accuracy. - Adaptability: Ability to thrive in a fast-paced, dynamic environment and manage competing priorities effectively. - Problem-solving: Proactive and solution-oriented mindset, with the ability to identify issues and implement effective resolutions. Technological proficiency: Strong proficiency in Microsoft Excel (VLOOKUP, pivot tables, advanced formulas) and experience with ERP systems (e.g., SAP, Oracle). Qualifications: - Graduates in Finance, and preferred are CA / ICWA / MBA Finance - Specialization in operating costs accounting at least the last 5 years. - Strong experience with month-end close procedures and financial reporting. About Company Statement: OSTTRA is a market leader in derivatives post-trade processing, bringing innovation, expertise, processes and networks together to solve the post-trade challenges of global financial markets. OSTTRA operates cross-asset post-trade processing networks, providing a proven suite of Credit Risk, Trade Workflow and Optimisation services. Together these solutions streamline post-trade workflows, enabling firms to connect to counterparties and utilities, manage credit risk, reduce operational risk and optimise processing to drive post-trade efficiencies. OSTTRA was formed in 2021 through the combination of four businesses that have been at the heart of post trade evolution and innovation for the last 20+ years: MarkitServ, Traiana, TriOptima and Reset. These businesses have an exemplary track record of developing and supporting critical market infrastructure and bring together an established community of market participants comprising all trading relationships and paradigms, connected using powerful integration and transformation capabilities. About OSTTRA OSTTRA was formed in 2021 through the combination of four businesses that have been at the heart of post trade evolution and innovation for the last 20+ years: MarkitServ, Traiana, TriOptima and Reset. OSTTRA is a joint venture, owned 50/50 by S&P Global and CME Group. With an outstanding track record of developing and supporting critical market infrastructure, our combined network connects thousands of market participants to streamline end to end workflows - from trade capture at the point of execution, through portfolio optimization, to clearing and settlement. Joining the OSTTRA team is a unique opportunity to help build a bold new business with an outstanding heritage in financial technology, playing a central role in supporting global financial markets. Learn more at . What's In It For You Benefits: We take care of you, so you can take care of business. We care about our people. That's why we provide everything you-and your career-need to thrive at S&P Global. Our benefits include: - Health & Wellness: Health care coverage designed for the mind and body. - Flexible Downtime: Generous time off helps keep you energized for your time on. - Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills. - Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs. - Family Friendly Perks: It's not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families. - Beyond the Basics: From retail discounts to referral incentive awards-small perks can make a big difference. For more information on benefits by country visit: Recruitment Fraud Alert: If you receive an email from a spglobalind.com domain or any other regionally based domains, it is a scam and should be reported to. 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