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R2R Specialist
2 weeks ago
About AkzoNobel
Since 1792, we've been supplying the innovative paints and coatings that help to color people's lives and protect what matters most. Our world class portfolio of brands – including Dulux, International, Sikkens and Interpon – is trusted by customers around the globe. We're active in more than 150 countries and use our expertise to sustain and enhance the fabric of everyday life. Because we believe every surface is an opportunity. It's what you'd expect from a pioneering and long-established paints company that's dedicated to providing sustainable solutions and preserving the best of what we have today – while creating an even better tomorrow. Let's paint the future together.
For more information please visit
2024 Akzo Nobel N.V. All rights reserved.
Job PurposeThe candidate shall be a part of the R2R team and will be responsible for supporting the R2R Team Lead and the Accounting Controllers in the timely and accurate preparation of books of account and financial statements of the Indian legal entities in accordance with IFRS and IND-AS to satisfy the group and fiscal reporting requirements of the company.
The candidate shall be responsible for capturing all financial transactions across multiple sub-processes within R2R into the ERP system in a systematic and timely manner ensuring a clear and fully evidenced audit trail, integrity and accuracy of the numbers recorded in accordance with IFRS and IND-AS and reporting of the financials as per the company policies and fiscal requirements within the timelines prescribed for the same.
To achieve this objective, the candidate will be required to interact and engage with various stakeholders within and outside the company. Within the company, key touch points will be the India R2R & AC team, other towers within GBS India, other RACs, Akzo Nobel India and various Akzo Nobel entities worldwide. External to the company, the key touch points will be bankers, statutory, internal, tax & cost auditors, regulatory authorities, consultants & specialists engaged by the company etc.
Key Accountabilities- Accounting of manual journal entries across sub-processes such as Fixed Asset Accounting, Inter Company Accounting, Treasury Accounting, General Ledger Accounting, Period Close Activities, Statutory and Tax Reporting etc. in accordance with IFRS and IND-AS.
- Advise and execute operational, complex and judgement based general accounting (e.g., complex / non-rule-based accruals) and recurring month-end activities.
- Involve CTA and other specialists in specific accounting topics where specific / deep knowledge is required.
- Engage in the accurate and timely monthly book closure process including the quarterly, October hard-close and year-end financial closure process for the Indian entities.
- Review P&L and BS from an accounting perspective in the ERP / HFM (during the month / as per the agreed BS review cycle).
- Drive standardization and quality in balance sheet account reconciliation process.
- Comply with policies, processes, rules and regulations setup by the global accounting team.
- Preparation of the full set of financial statements of the legal entity for group and statutory reporting, Complete A-forms.
- Supporting the RAC group in finalization of financial statements, responding to queries and clarifications received on the reported financials.
- Support the consolidation of legal entity statements and local statutory reporting in the region.
- Maintain and share with the entities, the set-up of the financial reporting and general ledger structure for both IFRS / IND-AS and statutory reporting.
- Support Statutory Audit, Group Audit, Cost Audit, Internal Audit, Tax Audit (Direct/Indirect) and various other regulatory filing requirements and compliances.
- Active interaction with other RAC analysts, BU Accounting Manager(s) and GBS about accounting subjects, transaction processing and performance.
- Support BU accounting manager in ad-hoc specific BU activities.
- Bachelor's degree in commerce or equivalent, CA Intermediate + passed is an advantage.
- At least 6 years of work experience in manufacturing or industry.
- Excellent knowledge of all sub-processes in R2R - accounting and reporting, IFRS, IND-AS, Indian fiscal requirements.
- Reasonable working knowledge of Companies Act, Direct and Indirect Tax, FEMA.
- Experience in handling a Listed Indian Entity is desirable.
- Ability to analyze and navigate through complex processes and resolving issues.
- Experience of handling statutory audits (Big 4).
- Knowledge and understanding of Financial / ERP systems (SAP/CFIN or similar) and consolidation systems (HFM or similar) is desirable.
- Advanced user of Microsoft Excel.
- Autonomous in organizing responsibilities and work.
- Problem solving with analytical skills, result orientated with a focus on right-first time.
- Ability to work under time pressure during peak periods like monthly / quarterly close, audits etc. and continuously retain 'an eye' for the details.
Good communication skills.
At AkzoNobel we are highly committed to ensuring an inclusive and respectful workplace where all employees can be their best self. We strive to embrace diversity in a context of tolerance. Our talent acquisition process plays an integral part in this journey, as setting the foundations for a diverse environment. For this reason we train and educate on the implications of our Unconscious Bias in order for our TA and hiring managers to be mindful of them and take corrective actions when applicable. In our organization, all qualified applicants receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age or disability.
Requisition ID: 48561
