Job Description

The Deputy Manager– FMR (RTR) is responsible for a collection of processes between recording financial transactions and the publication of financial reports. The candidate should be a qualified Chartered Accountant/Cost Accountant or an accounting postgraduate from Finance related streams. S/he is responsible of providing both strategic, financial and operational feedback on business performance as well as financial statements that are compliant with local accounting standards. Responsibilities include posting journal entries, preparing balance sheet reconciliations, reviewing entries and reconciliations, preparing cash forecasting statements, supporting month end closing, preparing various reports as required and supporting audits.

Roles and Responsibilities

Responsible for monthly book closure, preparation and posting of Journal entries, financial reporting and reconciliations
Application of the entity’s accounting policies to each non-routine event or transaction is independently reviewed for appropriateness and ensures any exceptions are highlighted to business on an immediate basis
Managing the Financial and Management Reporting (RTR) processes and ensuring the service level agreements are met as per the timeline and accuracy

Overall responsibilities include:

Inventory accounting (movements and reconciliation with physical stock)
Mark-to-Market / Fair Value accounting for various derivatives
Month-end processing (period close)
Trial balance, PNL and balance sheet review
Management Reporting
Inter-company reconciliations
Account reconciliations (GL to sub-ledger)
Budgeting and Forecasting
Ensure that the roles and responsibilities in the month closing and reporting process (including a required understanding of the entity’s operations and appropriate accounting knowledge) are clearly defined, documented, updated, and communicated to counterparts on a timely basis
Ensure that financial statements of the Entity / BU handled adhere to accounting policies defined by the Corporate and any changes thereof from time to time and any exceptions identified are clearly highlighted to onsite teams
Responsible for balance sheet reconciliations and making necessary journal entries/corrections to address reconciling items.

Skills

Technical Skills

Soft Skills

CommunicationInterpersonal skillsMulti-tasking

Desired Candidate Profile

Commerce Degree from an Institute of repute with Chartered Accountancy qualification with 5-8 years in Finance and Accounts domain from a FMCG / Manufacturing or a Captive / Third-Party environment
Experience in setting up Validation Checklists for all processes and ensure to review on a continuous basis for completeness and accuracy
Experience in independently reviewing, validating, authorising journal entries and ensure those are recorded in the appropriate accounting period
Prior experience in preparing plant costing reports, MUV (Materials Usage Variance)/PPV (Purchase Price Variance) absorption costing, standard costing etc.
Excellent understanding of IFRS

Understanding of derivatives market & various kinds of derivative instruments would be an added advantage
Working knowledge of SAP / Oracle and SAP BPC / BO / BI would be an added advantage
Should be able to identify and implement Continuous Improvement Projects (Six Sigma, Lean, YB projects) to improve team’s productivity and efficiency and overall quality of processes
Strong domain expertise, analytical skills and logical reasoning with good leadership capabilities with the ability to handle pressure and work in an environment of strict deadlines
Good communication, interpretation and comprehension skills, proactive and good in numbers
Willingness to work in different time zones and willingness to travel (short informed trips) based on the business needs.

Deputy Manager - MTM