Location
Gurgaon | India
Job description
Finance Control Specialist
Job Req ID: 30831
Posting Date: 11 Mar 2024
Function: Finance
Unit: Finance, Strategy & Business Services
Location:
Building No 14 Sector 24 & 25A, Gurugram, India
Salary: competitive
R2R Finance Specialist – 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 professional with 10+ 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.
Good 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.
Communication Skills:
Excellent communication skills, both written and verbal, to effectively convey complex financial information to stakeholders at various levels within the organization.
Strong interpersonal skills to collaborate with cross-functional teams and drive alignment on control-related initiatives.
Analytical and Problem-Solving Abilities:
Good 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
Why this job matters
The Financial Reporting Manager leads the preparation and delivery of financial statements and regulatory reports and analysis used by internal and external stakeholders to meet regulatory and compliance reporting requirements.
What you’ll be doing
Drives financial reporting deliverables for all reporting cycles, ensuring delivery of high-quality financial information
Analyses financial information and designs, develops, and maintains internal reporting products that serve as control and governance documentation for financial disclosures and regulatory filing
Analyses monthly results, providing insight into business performance trends
Contributes to the design of opportunities for improvements in financial data, processes, and systems to support analysis and decision making across the business
Ensures governance of and compliance with company policies and procedures related to customer specific trade spend
Identifies potential risks and opportunities and contributes to the design of recommendations to address both appropriately
Drives process automation and optimisation of manual tasks associated with the handling of large volumes of data from multiple different sources
Provides guidance and technical support to more junior members within the team in resolving problems
Continuously develops and shares with team knowledge on emerging trends and changes in accounting, reporting and financial control principles and practices
Considers risk, regulation and uncertainty in short-term decisions and ensures that risks are identified and managed, by establishing clear accountabilities and supporting an appropriate risk culture and control environment
Implements 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
The skills you’ll need
Auditing
Management Reporting
Accounting Principles
Financial Accounting
Financial Controls, Compliance & Risk
Statutory & External Financial Reporting
Forecasting, Planning & Budgeting
Risk & Assurance
Finance Data, Processes & Systems
Financial & Data Analysis & Insight
Decision Making
Growth Mindset
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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