About this role
Main purpose
This role is responsible for the accounting, reporting and control of the Trading legal entities with primary responsibilities of monthly closing of the books, entity-specific accounting policy, legal entity maintenance, account reconciliation & account structure management. The role will require an in-depth understanding of these entities including their business strategies, associated technical accounting and disclosure requirements.
Key responsibilities
Balance Sheet Review & Control - Provide and support input into the end-to-end control and ownership of legal entity balance sheets for the division supported - Drive the monthly financial close which entails analytical review and sign off of the balance sheet, profit and loss accounts for entities of the specified trading division - Perform the month end close process including but not limited to revenue recognition checks, stock verification and valuation, debtors aging along with provision review, intercompany & related party balance confirmation - Ensure strong control framework by implementing and maintaining effective internal controls - Address ad hoc requests from various stakeholders and counterparts like tax, consolidation, and regional accounting teams - Coordinate with multiple teams on matters relating to intercompany settlements, transfer pricing, legal, compliance - Analyse impact of various journals and processes on trial balance areas.
MIS reporting - Inter-co, Portfolio and Broker reconciliation - Debtor/Creditor reconciliation - Debtor/Creditor reporting - VAT reconciliation and reporting - Inter/Intra-co invoicing and reallocation of costs/income - Daily suspense balance clearing and reporting
Audit - Liaise with external auditors during the group & statutory audits - Coordinate with various functions to provide auditable support & evidence to external auditors - Prepare disclosure schedules and audit documentation
Change Management - Drive change projects to support any accounting policy changes or new reporting requirements for the legal entities in scope - Challenge the current processes for improvement and constantly review processes for efficiencies - Steer a wide variety of projects in the transformation of the trading and GL systems from the design, functional requirements and testing to supporting implementation
Required qualifications
• Chartered Accountant • 2-4 Years of proven experience • Eager to take up fresh challenges and support the team wherever required
Skills
• Can work with multiple data sets, various systems and Excel • Comfortable to work with non-accounting teams for regular activities and projects
Attributes for success
• Ability to handle ambiguity with ease • Proven attention to detail and the ability to effectively multi-task a must • Strong interpersonal skills • Determined and able to take end-to-end ownership • Keen to question and challenge the existing processes with a view of creating reporting efficiencies and • improvements.
Department overview
Financial Control & Reporting Teams are based in various locations depending on the entities under scope. FC&R - ROW team is based out of Mumbai managing review and reporting for entities in Singapore & Europe primarily. Team closely works with Trading Controllers based out of Geneva. major responsibility of team include Management Reporting, Controlling, Audit management and statutory reporting.