Manager - Central Accounting

We are Covestro. We are curious. We are courageous. We are colorful. We refine chemical material solutions with game-changing products. Let us empower you to push boundaries. Join us and our colleagues now and together we will make the world a brighter place.

Major tasks and responsibilities of position (max. 8 key topics)
Assets Management

• Perform physical inventory verification of all Fixed Asset once in three years. Arrange for Assets tags on monthly and need basis
• ICS controls related to Asset useful life for Local reporting, ICS for Lease Accounting
• Monitor status of open CWIP and drive for correct Capital spares accounting
• Projects related tasks like monitoring PO/ PR status, Capitalisation certificate
• Borrowing Cost capitalization for local reporting

Statutory Audit, Group Audit And Control & Others

• Support external & internal audit. Perform ICS controls in his/ her own area of expertise and responsibility.
• Specialized ad hoc support and project support specific to own area of expertise.
• Details for Reporting for Preparation of data for audits.
• Preparation of state wise financial details for statutory regulations

General Ledger

• Performing GL posting, creating awareness on usage of standard tools (Cadency/ Asset Change Request Tool)
• Monitor Accounts/ Cadency requests and perform automatic clearing
• Ensure accuracy in posting as per the compliance and reporting
• Provide accrual & provision tracking for balances as on March for With Holding Tax compliance and reporting.
• Monitor correct usage of GL accounts in Purchase Orders

Closing

• Understand and perform the overall HB I (Local reporting) and HBII (Foreign reporting) closing process together with the Global Service Centre (GSC).
• Review the result of different kind of processes from Local reporting perspective e.g. revenue recognition and follow up with business;
• Review and achieve the KPI of General Accounting and Asset Accounting set by GSC

Reporting

• Support actual reporting in Prokon tool (Global reporting) according to defined activity splits
• Perform actual annual local reporting incl. implementation of new regulation/ law, posting, review and reporting
• Prepare additional 4 times Local financials for Advance Tax and additional financials for awareness creation for potential qualification (CARO reporting).
• Coordinate and prepare financial folder for yearly Board Meeting

Value added to the success of the company - what are the main objectives of the function?

• Delivery of timely & accurate reports with analysis for the purpose of local reporting for Board Meeting.
• Audit finalization without qualifications.
• Support external & internal audit and perform ICS controls in his/her own area of expertise and responsibility
• Inform GSC about national legal requirements and local Covestro requirements
• Level of support and the quality of information provided to the customers.
• Process improvements in areas of GL bookings/review & Closing in SAP.
• To ensure compliances in accounting area under various laws.

Contribution context (Multiple choices of a pick list + free text with limited characters)
X Individual Contributor

X Team Member

Team Leader

Supervisor

X Manage Supervisors

Manage Function / Department

Work relations (List the most important work relationships with internal and external partners/ customers)
Internal

• Up line management: Head of Accounting
• Network / interfaces: other AccP departments, Group platform functions (Taxation, Finance, Procurement, Site Services, O&I), business functions (Controlling, Engineering, Plant and Site Management, Cost center responsible, Product Supply, Marketing & Sales), FASS (FO), ICS Contact, internal audit, external auditor.

Education

• Chartered Accountant with minimum 3-4 year working experience in finance and/or accounting dept. or other similar positions in Accounting department of manufacturing company and excellent knowledge on system settings and internal controls for Asset Accounting
• Sound knowledge of IFRS, Ind AS and local laws for Local reporting requirements for Asset Accounting
• Basic knowledge of Subgroup specific related accounting practices
• Strong interpersonal and communications skills
• Excellent knowledge of MS office and related software
• Experience with SAP is required
• Fluent English in writing and speaking

YOUR APPLICATION
Are you as curious, courageous and colorful as we are? If so, we can offer you an exciting career opportunity. We look forward to receiving your application including a cover letter, resume/CV, and relevant certificates. Become part of our Team - apply now

Contact Us

Covestro welcomes applications from all individuals, regardless of racial or ethnic origin, skin color, nationality, religion, philosophy, gender, age, physical characteristics, marital status, disability, appearance, sexual orientation and sexual identity. We are committed to treating all applicants fairly and avoiding discrimination.