Assistant Manager | F&A Operate: Record to Report | Hyderabad | Finance Transformation

Job Title: Assistant Manager

1) Overview

Assistant Manager will be responsible for ensuring completion of delivery of day-to-day activities within the Record to Report (R2R) function/process, (for e.g., leases & fixed assets management, AR accounting, accounting, and reporting).

Key responsibilities of Lead Associate will include:

• Day-to-day delivery of R2R processes, sub-processes, activities, and transactions to ensure accurate and timely financial reporting.
• Perform operations, meet SLA and targets, data analysis, report generation, and collaboration with various stakeholders to support the operations.

2) Principal Accountabilities

Primary Responsibilities

Supporting Actions

Service Delivery

Perform and deliver the following R2R activities:

• Work closely with the global stakeholders to process and ensure accurate recording (Accruals, Amortization, Allocation, Reclass, etc.), reporting, consolidation and analyzing reports.
• Prepare Balance Sheet reconciliations.
• Closely monitor and resolve all aged open items and make sure balance is properly supported.
• Actively participate in performing the monthly, quarterly, and annual closing process.
• Prepare monthly close reports & variance analysis of various Providence entities to ensure the numbers are materially accurate.
• Extract, modify and analyze monthly reports as required and resolve queries and complex accounting issues.
• Issue audit deliverables to support statutory audit.
• Periodically update SOPs to make sure process changes, exceptions and new learnings are updated in timely manner.
• Identify areas of process improvement, standardization, and automation.
• Leases and Fixed Assets
• Perform operational accounting spanning the entire Fixed Assets life cycle from acquisition (placing assets in service based on completion of milestone), maintenance, retention, disposal or retiring of Fixed Assets in accordance with accounting policy.
• Review Fixed Assets purchase orders to ensure proper coding and other classification such as Internal order numbers, cost centers, and business areas.
• Prepare Fixed Assets roll forward schedules.
• Reviewing the completeness and accuracy of abstracted lease agreements.
• Process lease including new leases, amendments, extensions and terminations into ERP.
• Managing lease accounting schedules and key financial data within the lease management system.
• AR Accounting:
• Process day-to-day Accounts Receivable (AR) transactions for ensuring that organizational finances are maintained in an effective, up-to-date, and accurate manner.
• Ensure unapplied cash & bank receipts to be properly tracked and cleared on timely basis.
• Follow up on recovering aged AR balances and proposing provision for doubtful debts.
• Accounting & Reporting:
• Process varied nature of business accruals (PO and non-PO) pertaining to other current liabilities and other current assets (like purchased services, supplies) during MEC based on computations arrived via Trend Analysis.
• Process statistical entries.
• Record accurate amount spent on varied community benefits schemes.
• Manage admin tasks like reconciliation database maintenance and balance upload in recon tool, arrange access to new joiners or additional requests, etc.
• Assist in group reporting and consolidation.
• Provide necessary documentation and reports for financial reporting.
• Ensure compliance with company policies, accounting principles, and relevant regulations.
• Stay informed about changes in accounting standards and best practices in R2R function

Support to the Senior Associate

Support Senior Associate (as required) in the following supporting actions:

• Actively contribute to the Transition
• Active participation in the discussions with incumbent during transition
• Contribute to Convert knowledge captured into Process SOPs
• Deliver on the assigned responsibilities
• Collaborate and exhibit team spirit in meeting the service delivery expectations
• Carry out review of month-close activities and work with Providence entities and global stakeholders in implementing strengthened controls
• Ensure smooth handover at the end of the engagement

3) Attributes Required

Experience

Qualifications

• 3-5 years of experience of working in Closing and Reporting process
• Working knowledge of R2R processes and applications
• Experience in process mapping and developing SOP documentation
• Hands on experience in transition
• Ability to dissect complex financial data and derive meaningful insights
• Meticulous in maintaining data accuracy and producing error-free reports
• Experience and understanding of ASC 350 (Tangible PPE), 360 (Intangibles) and ASC 842 Lease accounting would be a plus
• Excellent communication, problem solving and analytical skills
• Collaborative mindset to build strong and enduring relationship to work effectively with cross-functional teams
• High Performing, Creativity and Optimistic personality
• Prior experience in working with global stakeholders
• Knowledge of Oracle ERP with specialized experience in Lease & Fixed Assets management
• Knowledge of MS office and other computer skills
• Comfortable with working in PST time zone

• 
  CMA/MBA/M.Com/Semi-qualified

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