Compensation Accounting

2 weeks ago

Mumbai, Maharashtra, India Peoplelogic Full time ₹ 9,00,000 - ₹ 12,00,000 per year

About the CustomerA leading global marketing and corporate communications company. Omnicom//'s branded networks and numerous specialty firms provide advertising, strategic media planning and buying, digital and interactive marketing, direct and promotional marketing, public relations, and other specialty communications services to over 5,000 clients in more than 70 countries.About the RolePOSITION SUMMARYThe Compensation and Benefits Accounting Team is a part of the Office of the CFO and Controllership organization. The Associate will be a member of a team of professionals that serve as the organizational center of excellence for compensation, benefits, and equity plan accounting to deliver best in class accounting and support business partners with reporting and analysis. The Associate will be responsible for accounting and reporting for compensation, benefits and equity plansKEY RESPONSIBILITIES AND DUTIES

  • Ensure complete, accurate and timely month-end, quarter-end and year-end close processes for compensation (Various short term and long term award plan) , benefits and equity plan accounting.
  • Prepare and record monthly journal entries and adjusting entries, as needed
  • Prepare pre-close month over month variance analysis and explanations
  • Work independently to monitor, maintain, and reconcile complex general ledger accounts; liaise with cross functional team to research and resolve reconciliation exceptions
  • Participate in special projects and ad hoc reporting
  • Cross train on various accounting functions within the team
  • Participate in completing and reviewing internal and external audit requirements
  • Integrate new unit/award issuance; forfeiture, termination into accounting processes and workpapers, as required
  • Assist with researching related technical accounting or reporting issues and provide timely, accurate and well documented guidance to ensure proper accounting treatment
  • Maintain compliance with GAAP or regulatory accounting and reporting requirements
  • Monitor and maintain written documentation of policies, procedures, processes, and controls within Compensation and benefit areas
  • Become thoroughly familiar with assigned general ledger accounts, compensation and benefit programs, business segments and applicable technical accounting area

LocationMumbaiExerience:5+ yearsBackground and Requirements

This may be the right role for you if you have

  • CA/CPA is a mandatory
  • 7+ years of experience in an accounting or finance role
  • Experience in accounting and/or audit procedures
  • Experience with financial accounting systems
  • Advanced proficiency in MS Excel
  • Excellent written and verbal communication skills, proven ability to work as an effective team player and ability to collaborate
  • Demonstrated strength in analytical and problem solving skills
  • Ability to manage multiple competing priorities and achieve targeted outcomes
  • A commitment to a culture of excellence and client service
  • A sense of urgency, results orientation and thoughtful execution skills
  • Highly organized, detail oriented, self-motivated, and positive work ethic
  • Ability to take direction and work independently

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