Senior Financial Controller

5 days ago

Solapur, Maharashtra, India beBeeAccountant Full time ₹ 80,00,000 - ₹ 1,00,00,000

Job Summary

The primary responsibilities of this role are to ensure timely and accurate financial statements in accordance with applicable accounting standards, manage revenue recognition process, perform detailed accounting research for technical questions/issues as they arise, and effectively lead staff. This position is instrumental in coordinating the company's annual audit and ensuring proper internal controls over financial reporting are in place.

Essential Duties & Responsibilities

  • Manages month-end close process including accurate and timely recording of income, expenses, and changes in assets and liabilities on a monthly basis in accordance with IFRS requirements.
  • Reviews and approves journal entries and monthly balance sheet reconciliations.
  • Prepares monthly balance sheet and income statement trend analyses for management.
  • Prepares quarterly lender compliance package.
  • Ensures overall technical accounting compliance, including monitoring relevant IFRS and US GAAP developments to ensure accounting policies and procedures comply with current standards.
  • Serves as an internal technical accounting expert, performing research and preparing technical accounting memos, and reviews new and existing revenue contracts to ensure proper revenue recognition.
  • Works cross-functionally during contract negotiation process by analyzing impact of non-standard contract terms, communicating revenue impact of such terms, and offering alternative structures.
  • Participates in quarterly forecasting procedures and annual budget process.
  • Supports annual audit and quarterly reviews, providing supporting analysis and technical accounting memos.
  • Provides training sessions and keeps business partners abreast of developments in accounting and revenue recognition.
  • Provides excellent customer service to other departments and stakeholders.
  • Develops and/or improves existing policies, procedures, and controls.
  • Works with senior leadership on various initiatives and completes other ad-hoc requests.

Education

  • Bachelor's degree in Accounting.
  • Certified Public Accountant (CPA) certification preferred.

Requirements

  • Minimum 7 years of experience in finance and accounting, with at least 2 years of supervisory experience.
  • Minimum 2 years of public accounting experience required.

Skills/Knowledge

  • Strong technical accounting background with thorough knowledge of IFRS and US GAAP, including experience with technical research and preparation of accounting memorandums.
  • Software revenue recognition a plus.
  • Ability to clearly and concisely document and effectively communicate complex accounting and reporting issues to finance and non-finance teams.
  • Strong analytical and problem-solving skills.
  • Highly effective communication skills.
  • Ability to work in fast-paced environment, meet deadlines, multi-task efficiently, and manage individuals.
  • Detail-oriented with high level of ethics and integrity.
  • Experience with accounting systems, Microsoft Dynamics 365 Finance experience a plus.
  • Proficient in Microsoft Excel and have knowledge depth in complex functions/data analysis using tools like V-Lookup, Pivot Tables, etc.
  • Ability to cultivate positive team atmosphere to drive success.

Work Environment/Physical Demands

  • This role requires sedentary work, frequent computer use, and ability to observe computer screen for long periods.
  • Ability to listen and speak clearly to customers and colleagues.
  • Open workspace with moderate noise level.

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