Location
Gurgaon | India
Job description
Senior Manager R2R
Job Req ID: 30825
Posting Date: 11 Mar 2024
Function: Finance
Unit: Finance, Strategy & Business Services
Location:
Building No 14 Sector 24 & 25A, Gurugram, India
Salary: competitive
R2R Senior Manager – Audit and Controls
AUDIT & COMPLIANCE RESPONSIBILITIES
Management of Internal and external audit reports/issues:
Monitor audit plan and ensure correct Key Stakeholder and Operational Audit Client is identified for each assignment.
Co-ordinating responses to Group Internal Audit reports, ensuring that:
Timescales for resolution of issues are realistic and timely,
Findings raised are material and valid, recommendations are clear, and ownership is clearly defined.
ICT (Internal Control Template) management:
Ensuring all internal control issues are recorded on their Units ICT with clarity on deliverables and timescales, including but not limited to:
Group Internal Audit recommendations,
ICOFR / Accounting Control Framework issues (resulting from 1LOD testing, quarterly CSAs/governance process or any other means),
KPMG issues,
LRQA issues,
Outstanding statutory filings.
Obtain monthly updates on all outstanding control issues, validating updates to ensure planned actions have been taken and target dates met.
Obtaining evidence to support reported clearance of issues and ensuring the evidence is supplied to GIA.
Preparing management briefings when recommendations go overdue and ensuring timely, realistic revised target dates are established.
Agreeing the content of the ICT with their FD before submission
Reporting to Unit Executive monthly to ensure visibility and focus on all outstanding issues.
Validating the Unit internal control dashboard and ensuring it receives appropriate visibility within the Unit.
Track completion of the Statutory to Corporate reconciliation process.
Delivery of control framework (ICOFR/ACB/ACF and other controls)
Lead on ICOFR/ACB/ACF and other controls deployment, communicating changes and best practice.
Manage the implementation of agreed controls (ICOFR/ACB/ACF) and ensure matrices are periodically reviewed and updated and changes in process owner identified.
Ensuring a formal handover is completed when process ownership changes.
Manage quarterly controls (ICOFR/ACF/ACB) governance exercise ensuring timeliness and accuracy of the process and governance returns.
EXPERIENCE AND PROFESSIONAL QUALIFICATIONS
Experienced, credible leader with 15+ years of financial services-related experience, preferably within Operational Risk, Operational Excellence, or Compliance
Educational Qualifications:
Professional certifications such as Chartered Accountant (CA), Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), or Certified Management Accountant (CMA) are highly valued, demonstrating a strong foundation in accounting and finance.
A master's degree in business administration (MBA) with a focus on finance or accounting could be an added advantage.
Technical Skills:
Robust understanding of Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and local statutory regulations applicable in India.
Proficiency in using enterprise resource planning (ERP) systems such as SAP, Oracle, or similar platforms commonly used in record to report processes.
Advanced knowledge of internal controls, risk assessment, and audit procedures to ensure compliance and accuracy in financial reporting.
Audit and Controls Expertise:
Extensive experience in leading and managing internal or external audits, ideally within a multinational or big four will be preferred. Familiarity with managing audit cycles and interactions with external auditors.
Ability to conduct process audits, reconcile financial statements, and identify areas for process improvements to drive operational efficiency and compliance.
Record to Report (R2R) Knowledge:
In-depth understanding of the end-to-end record to report process, including but not limited to general ledger accounting, intercompany transactions, fixed assets accounting, financial reporting, and period-end close activities.
Familiarity with consolidation and reporting tools to manage multi-entity financial reporting in a complex organizational setup.
Leadership and Communication Skills:
Proven experience in leading and developing high-performing teams, with the ability to inspire and influence others towards achieving common goals.
Excellent communication & collaboration skills; ability to build relationships, influence decisions, and to inspire matrixed, cross-functional teams to deliver on shared objectives.
Analytical and Problem-Solving Abilities:
Advanced analytical skills to interpret financial data, identify trends, anomalies, and potential risks, and provide actionable insights to management.
Proven track record in effectively addressing complex accounting and reporting issues and proposing viable solutions to strengthen controls and mitigate risks.
Business Acumen and Strategic Thinking:
A strategic mindset with the capability to align audit and controls activities with broader business objectives, understanding how R2R function impacts organizational performance and financial integrity.
Adept at seeing the big picture & linking individual decisions to organization impact, with a track record of influencing others to embrace organization thinking.
Confidence in decision-making in complex & ambiguous situations; comfortable troubleshooting and aligning conflicting interests.
Why this job matters
The Senior Accounting, Reporting & Financial Control Manager leads accounting and financial control activities for the Group/Business Unit, designing and implementing financial controls, processes and systems in accordance with best practice corporate governance, and ensuring effective risk mitigation,ÃÂ whilst providing leadership for the specialism,ÃÂ inÃÂ alignment with Group business objectives.
What you’ll be doing
Works with business leaders and other key stakeholders, enhancing operational methods, activities and processes to address gaps and weaknesses in controls and compliance and ensure all accounting and control activities are carried out in compliance with internal and external regulatory requirements
Applies expert knowledge of financial statements and accounting principles to anticipate emerging trends and requirements and shares expertise from multiple functional areas to inform commercial decision making
Leads the reporting on the control framework for the Group/ Business Unit
Manages the implementation of finance transformation and regulatory changes , ensuring new control procedures operate successfully, and in compliance with local legislative and regulatory requirements
Mentors, coaches, and/or manages experienced professionals to develop current and future team capabilities and ensure performance
Considers risk, regulation and uncertainty in all short and mid-term decisions and ensures that key risks are identified and managed in line with Group Risk Policy, establishing clear accountabilities and an appropriate risk culture
Leads the implementation of continuous improvement opportunities to enhance the efficiency and accuracy of accounting, reporting and financial control processes and to resolve data issues impacting productivity and compliance
Operates as an SME within own field of expertise, continuously developing expert knowledge of emerging trends and changes in accounting, reporting and financial control principles and practices and the applicability to BT, sharing this knowledge with team members as relevant
The skills you’ll need
Auditing
Management Reporting
Accounting Principles
Financial Accounting
Financial Controls, Compliance & Risk
Statutory & External Financial Reporting
Forecasting, Planning & Budgeting
Finance Data, Processes & Systems
Financial & Data Analysis & Insight
Risk & Assurance
Talent Management
Decision Making
Growth Mindset
Performance Management
Inclusive Leadership
Our leadership standards
Looking in:
Leading inclusively and Safely
I inspire and build trust through self-awareness, honesty and integrity.
Owning outcomes
I take the right decisions that benefit the broader organisation.
Looking out:
Delivering for the customer
I execute brilliantly on clear priorities that add value to our customers and the wider business.
Commercially savvy
I demonstrate strong commercial focus, bringing an external perspective to decision-making.
Looking to the future:
Growth mindset
I experiment and identify opportunities for growth for both myself and the organisation.
Building for the future
I build diverse future-ready teams where all individuals can be at their best.
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