Overview
Analyst – Accounting ( 2-5 years, Qualified Chartered Accountant, Mumbai)
Main Purpose:
This role is responsible for the accounting, reporting and control of the Trading legal entities with primary responsibilities of monthly closing of the books, entity-specific accounting policy, legal entity maintenance, account reconciliation & account structure management. The role will require an in-depth understanding of these entities including their business strategies, associated technical accounting and disclosure requirements.
Experience, Knowledge and Skills:
– Chartered Accountant / post-graduation accounting qualification
– 2-4 Years of proven experience
– Strong interpersonal skills
– Determined and able to take end-to-end ownership
– Keen to question and challenge the existing processes with a view of creating reporting efficiencies and improvements.
– Can work with multiple data sets, various systems and Excel
– Eager to take up fresh challenges and support the team wherever required
– Comfortable to work with non-accounting teams for regular activities and projects
Key Responsibilities:
Balance Sheet Review & Control:
– Provide and support input into the end-to-end control and ownership of legal entity balance sheets for the division supported
– Drive the monthly financial close which entails analytical review and sign off of the balance sheet, profit and loss accounts for entities of the specified trading division
– Perform the month end close process including but not limited to revenue recognition checks, stock verification and valuation, debtors aging along with provision review, intercompany & related party balance confirmation
– Ensure strong control framework by implementing and maintaining effective internal controls
– Address ad hoc requests from various stakeholders and counterparts like tax, consolidation, and regional accounting teams
– Coordinate with multiple teams on matters relating to intercompany settlements, transfer pricing, legal, compliance
– Analyse impact of various journals and processes on trial balance areas.
MIS reporting:
– Inter-co, Portfolio and Broker reconciliation
– Debtor/Creditor reconciliation
– Debtor/Creditor reporting
– VAT reconciliation and reporting
– Inter/Intra-co invoicing and reallocation of costs/income
– Daily suspense balance clearing and reporting
Audit:
– Liaise with external auditors during the group & statutory audits
– Coordinate with various functions to provide auditable support & evidence to external auditors
– Prepare disclosure schedules and audit documentation
Change Management:
– Drive change projects to support any accounting policy changes or new reporting requirements for the legal entities in scope
– Challenge the current processes for improvement and constantly review processes for efficiencies
– Steer a wide variety of projects in the transformation of the trading and GL systems from the design, functional requirements and testing to supporting implementation