To lead the Account to Report tower within the Finance Shared Service Centre for IFFCO Group
To own overall accountability for various Account to Report processes including financial accounting, balance sheet reconciliations, inter-company reconciliation etc. for all Business Units within IFFCO
Roles & Responsibilities
Achieve all established SLAs and efficiency targets through automation, standardization and improvements in existing processes Operational
Act as the interface between senior management and SSC for all information pertaining to Account to Report
Coordinate with functional teams and understand the various reporting requirement
Coordinate with ERP team to enable ERP system to be able to provide the required reporting
Analyse and signoff all management reports and audited financial statements/ reports for the SSC
Receive and discuss ad-hoc reporting requests, and provide the needful. Consider additional periodic reports to replace ad-hoc requests
Ensure timely and accurate closure of financial statements pertaining to SSC and ensure adherence to all the regulations and policies setup by corporate Finance during the statement preparation process
Support the Head Finance SSC in ensuring financial control systems and procedures for analysis of complex accountancy/ finance issues and thus ensure efficient financial accounting and planning
Supervise and oversee timely and accurate completion of balance sheet reconciliation process
Supervise and oversee timely and accurate posting of all general ledger entries for various business units serviced by Finance SSC
Create and monitor a system of controls, procedures, and forms for the recordation of fixed assets
Conduct expense analysis of all general ledger classes and provide necessary inputs to management for correction
Recommend any updates to accounting policies related to fixed assets to the management
Oversee recording of fixed asset acquisitions and dispositions in the accounting system
Track the compilation of project costs into fixed asset accounts, and close out those accounts once the related projects have been completed
Ensure accurate reconciliation of balances in the fixed asset subsidiary ledger to the summary-level account in the general ledger
Review and update the detailed schedule of fixed assets and accumulated depreciation
Investigate the potential obsolescence of fixed assets and conduct periodic impairment reviews for intangible assets
Conduct analyses related to fixed assets as requested by management regarding write-offs or initiate efficiency improvement exercises
Prepare audit schedules relating to fixed assets, and assist the auditors in their inquiries
Represent the company during any audits by government/external auditors that involve fixed assets
Track company expenditures for fixed assets in comparison to the capital budget and management authorizations
Oversee processing of all inter-company non trade reconciliation entries
Frequently sample entries in general ledger and balance sheets prepared for spot checks
Provide query resolution support to the Business Units in case of escalations and complaints
Develop and maintain General Accounting KPI’s to manage efficiency and effectiveness of key accounting processes/ balances. Initiate reviews with appropriate stakeholders, establishing improvement actions and monitoring thereon People
Allocate work to subordinates, nominate for training as per guidelines, conduct performance reviews and manage leave and overtime to ensure efficiency.
Participate in the identification of training and development initiatives for all subordinates
Drive the engagement and satisfaction of the team through holding periodic meetings to discuss the achievements and address any employee issues and/or concerns. Build an effective, efficient and motivated team
KPIs
Adherence to timelines for balance sheet preparation
Accuracy and timeliness for general ledger entries
Accuracy and timeliness for fixed asset accounting
Accuracy and timeliness of all mandatory financial reporting
Work experience requirement 7+ years of experience in Finance Shared Services with 4-5 years of experience in leading Record to Report/Account to Report functions in a Finance Shared Service Centre
Qualification
Chartered Accountant • MBA Finance (preferable)
Competencies Ownership & Result Orientation Oracle/SAP ERP Advanced Excel Financial Transaction Processing Financial Operations Financial Compliance Self and Team Management Planning & Decision Making Strategic Thinking Change Management
