Key Responsibilities:
Monthly book close
Ensure all month end closing entries are passed and Fact is closed on time.
Ensure weekly review of cost developments are done , necessary entries are passed as appropriate
Maintain clear working files of all accruals passed. Ensure aged accruals more than 90 days are followed up with clear explanation, decisions taken to close or continue with the accruals.
Ensure operational system to finance system reconciliation is prepared and performed weekly. Open items are followed and closed.
Ensure cost recognition is complete before closing the books of accounts.
Ensure timely sign off of books happens as per the deadline set by the centre.
Shall always be the single point of contact for both the Region and the Area controllers and CFO.
Ensure all changes as proposed/announced by Centre and Region are effected and cascaded properly.
Implement business change in accordance with plans
Own and drive cost transparency, audit and analysis
Own and be accountable for accurate cost data
Perform Risk assessment of Area financial statement and evaluate the High risk areas and discuss at appropriate time with the regional finance controller
Coordinate with internal as well as external stakeholders to ensure local, global and legal requirements are met 14. Participate in and support improvement projects
Internal Ownership of Cost validation
Own cost validation process for the selected region. Exhibit through understanding of cost validation for different cost types.
Provide clear analytics on the triggers for validating the cost.
Participate and provide inputs in setting up robust solutions
Active participation and collaboration with interdependent teams on cost related items
Exhibit a mind-set of cost reduction & optimization
Ability to collaborate with operations, commercial & procurement
Flag cost variance/over run, drive disputes resolution
Eye for automated solutions for the future of cost control Identify data source for validating cost
User acceptance testing for newly products
Develop Cost prediction model based on key cost drivers
Risk assessment on cost validation – develop mitigation plan
Roll out process & technical changes
Ensure solutions are well understood by the team and are executed
Reporting
Own and report numbers pertaining to cost validations
Provide clear visibility
Ensure and own KPI Reporting
Any other reasonable adhoc requests as may be made from time to time by the Regional Finance controller or Delivery Lead.
Key skills for the role:
Behavioural:
Analytically minded with strong root causing & problem-solving skills
• Result oriented and able to work under pressure
• Manage and act in complex situations
• Self-starter with ownership mentality
• Proactive and perseverance to be able to finish the job within timelines
• Strong focus on quality
Open to change and ability to overcome obstacles with out of box thinking
• Budget minded with strong focus on cost management
• Good communication skills, clear, direct and focused communication at multiple organization levels
Technical :
• Degree in Accounting/Audit/Finance or equivalent with understanding of GAAP and IFRS guidelines. Professional qualification is an added advantage
• 5 to 7 years of prior experience in accounting /accounts payable.
• Microsoft office (excel is a must)
• SAP experience is mandatory.
• Fluent in English (both written and spoken)
Partnerships:
• Partner with Business Finance, PRO and OPS as part of standard operating system • Aware of commercial process interdependence and key focal in commercial • Active participation and collaboration with interdependent teams on cost related items
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