CA, 2-3 yrs PQE, R2R Accounting Specialist, FMCG Major, Gurgaon at FMCG Major, Gurgaon

  • 2 - 3 Years
  • Not Mentioned
  • gurgaon
  • permanent
  • Chartered Accountant
  • FMCG
  • Role Title: Record to Report Accounting Specialist

    Recommended: Function – S&F

    Date Completed On:  24th May 2019

    PURPOSE

    Record to Report specialist is a part of the Mars Finance Excellence Centre Record to Report Team. This is a crucial role responsible for ensuring high quality management and financial reporting. The specialist will be spearheading the period-end closing process and has to ensure adherence with accounting internal controls & financial processes. R2R specialist has to demonstrate and live the quality & responsibility principle and deliver high quality work ethics & performance.

     

    SCOPE/KEY RESPONSIBILITIES

     

    Fixed Assets Accounting

    • Frequent review of the Fixed Assets and Capital Work-in-Progress status and engaging with the finance co-pilots to ensure timely capitalization in line with Mars finance manual guidelines.
    • Responsible for ensuring correct capitalization with respect to the asset class, life of the assets etc for each capex line item. Custodian for the adherence with the Finance Manual policy.
    • Executing depreciation run every period and ensuring correct depreciation calculation and accounting.
    • Preparation of the Fixed Assets and CWIP schedule at period end and reconciliation of the GL schedule with the fixed assets register.
    • Collation of Positive Assurance Certificates from the business segments every period.

     

    Period End Closing

    • Responsible for ensuring strict adherence with the period end calendar requirements and timelines.
    • Review of period end journal entries received and correct posting of the same in the ERP system.
    • General Ledger scrutiny before period closing to ensure correct financial booking and hygiene. Passing reclassification and rectification entries, as may be required.
    • Execution of the period end steps, assessment cycle run and other actions as may be required to properly close the management books.
    • Preparation and analysis of cash flow (NCFO) analysis and submission to the Financial Controller.

     

    Corporate and Management Reporting

    • Responsible for ensuring high quality and timely period end and quarter end corporate reporting.
    • Ensuring Inter-company submission, Helios reporting and HFM reporting within due timelines.
    • Preparation & review of R2R period end balance sheet schedules.
    • Driving period end balance schedule preparation by other FEC / ICTC verticals and thorough review of the schedules.
    • Ensuring resolution of the observations and queries in a timely manner.
    • Timely response and engagement with the regional / global finance counterparts / stakeholders.
    • Responsible for blackline reporting and submissions.

     

    Internal controls and Statutory Audit

    • Responsible for Segregation of Duties (SOD) controls review and submission to the Governance Lead on a periodic basis.
    • Responsible for overall process and accounting adherence with the Mars Finance Manual / Other guidelines.
    • Responsible for preparation of schedules as required by Indian accounting standards / Ind AS for the statutory audit.
    • Actively participating in the execution and completion of the statutory audit for the 2 legal entities.
    • Responsible for other reviews and analysis, as may be required from time to time to understand the financial balances and driving financial hygiene.

     

     

     

    COMPETENCY QUALIFICATIONS

    To competently perform at a proficient level and be fully qualified, a person would be expected to have:

    (refer to http://www.talentdevelopment.mars )

    Level of Role

             Individual Contributor

     

    • Delivers Consistent Results
    • Creates Collaborative Relationships

             People Leader

     

    • Develops Talent
    • Engages Associates

         Senior Leader

     

    • Practices Breakthrough Thinking
    • Navigates Complex Challenges

     

    Key Supporting Mars Leadership Competencies (4-6)       

    Planning

    Bias for Action

    Deliver Results

    Integrity and Trust

     

    Key S&F Functional Competencies & Technical skills (3-5)

    Financial & Management Accounting

    Financial Controls

    Expertise in SAP

    Experience of Corporate Reporting, HFM / Hyperion / Helios reporting

     

    OTHER QUALIFICATIONS

    To competently perform at a proficient level and be fully qualified, a person would be expected to have:

    1.

    Education (Minimum Needed):                  

    M.Com / MBA Finance / CA / CA Inter

    2.

    Experience (Minimum Needed):

    • Minimum 4-5 years of experience in record-to-report / accounting profile in SAP environment.
    • CA with 2-3 years of post-qualification experience in accounting / corporate reporting.
    • Experience of handling fixed assets accounting.

    3.

    Specialized Knowledge Needed to Perform the Role:

     

    High learning agility with technical mindset. Affinity with numbers and process / execution orientation.

     

Employer Profile :

  • FMCG Major, gurgaon
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