Senior Financial Executive

1 week ago

Mumbai, Maharashtra, India ScaleneWorks Full time
Key Responsibilities

Financial Closing

  • Collaborate with various departments to gather financial data and ensure accuracy and completeness of entries during month-end, quarter-end, and year-end close.
  • Provide support in reconciliations of accounts, investigate discrepancies, and ensure appropriate adjustments are made.
  • Prepare and post journal entries in SAP after ensuring sufficient and appropriate supporting documentation.
  • Assist in the review of ledger balances and preparation of audit schedules to support balances reflecting in financial statements.

Fixed Asset Accounting

  • Ensure the creation of internal orders and the assignment of AUC in accordance with CER requests that have been approved.
  • Review the Capital Work in Progress (CWIP) balances regularly and ensure timely and accurate capitalization of projects.
  • Ensure timely depreciation runs to maintain accurate financial records.
  • Manage and respond to requests related to the disposal, impairment, or write-off of fixed assets in accordance with organizational policies and Ind AS.

Intercompany Accounting

  • Perform accurate and timely recording of intercompany transactions, ensuring adherence to accounting principles and company policies.
  • Review and process intercompany invoices, receipts, and payments while maintaining proper documentation.
  • Perform regular reconciliations of intercompany accounts and identify and resolve discrepancies promptly.
  • Prepare and present intercompany account reconciliations for review and approval.

Compliance and Reporting

  • Ensure compliance with corporate accounting policies and procedures, international accounting standards, and transfer pricing policies and regulations.
  • Ensure adequate controls and approvals are in place at all times.
  • Assist in the preparation of local and consolidated financial statements and reports for management, board meetings, and external stakeholders.

Process Improvement

  • Identify opportunities for RTR process optimization, automation, and standardization within the financial accounting and close processes.
  • Collaborate with cross-functional and operation excellence teams to implement improvements and enhance overall efficiency.

Audit Support

  • Assist with internal and external audit requests, providing necessary documentation and information to ensure a smooth audit process within the timelines.
  • Support in timely audit closure by assisting in query resolution.
  • Address audit findings and implement corrective actions as needed.

Who You Will Partner With

Your manager, DGM - Record-to-Report (RTR), and other finance teams across various business markets and other business functions.

What We Are Looking For

Key Skills

  • Proficiency in using SAP S/4HANA mandatory.
  • Excellent command of Microsoft Excel, including pivot tables, complex formulas, and data manipulation techniques.
  • Familiarity with financial consolidation tools and software to manage intercompany transactions, eliminations, and reporting across entities.
  • Strong understanding of financial reporting frameworks and ability to apply relevant accounting standards (Ind AS) to complex transactions.
  • Strong knowledge of accounting practices, legalities, and compliances pertaining to direct and indirect tax regulations in India.

Soft Skills

  • Strong attention to detail, accuracy, and commitment to data integrity.
  • Excellent analytical and problem-solving skills to identify issues and propose solutions.
  • Effective communication skills to interact with various stakeholders, including finance teams, auditors, and management.
  • Ability to manage multiple priorities and meet deadlines in a fast-paced environment.

Education

  • Bachelor's degree in Accounting, Finance, Business Administration, or a related field is required.
  • A professional qualification such as CA Inter or CMA is highly desirable and will be considered a plus.

Experience

  • 7 to 12 years of experience in Record to Report, Bank Reconciliation, intercompany accounting, controlling, and consolidation or a similar role within a finance or accounting function is required.
  • Experience working in a financial shared services environment is preferred but not mandatory.

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