Job Description

• 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 OrientationOracle/SAP ERPAdvanced ExcelFinancial Transaction ProcessingFinancial OperationsFinancial ComplianceSelf and Team ManagementPlanning & Decision MakingStrategic ThinkingChange Management