Accountant General Ledger

Employer
Valeo SE
Location
India
Posted
Mar 07, 2024
Closes
Jun 03, 2024
Ref
4153177453
Level
Staff
Work Mode
Work from office
Hours
Full Time
Employment Type
Permanent
Organization Type
Corporate
Valeo is a tech global company, designing breakthrough solutions to reinvent the mobility. We are an automotive supplier partner to automakers and new mobility actors worldwide. Our vision? Invent a greener and more secured mobility, thanks to solutions focusing on intuitive driving and reducing CO2 emissions. We are leader on our businesses, and recognized as one of the largest global innovative companies.

Description - External

GL -

Mission

The GL Accountant posts the general accounting entries, reviews the accounts and documents the monthly closing in the prescribed format.

Responsibilities

Post GL entries
  • At the Managing Entity level and provided by the SAS through the MAES sheet after checking consistency, relevance and that proper supporting documentation is available
  • At the Legal Entity level based on guidance provided from the SSC Chief Accountant
  • In MAF accounting (IFRS) as well in Statutory Accounting (Indian GAP)

Run the closing transaction in SAP
  • Valuation of balance sheet at closing rate for debtors/creditors in foreign currency
  • Depreciation expense for the period
  • Account clearing (GRNI, cenvat, custom..)
  • Formalize Accounts Reconciliation
  • Perform Bank Reconciliation on monthly basis
  • Fixed Asset Ledgers reconciled with Trial Balance
  • Roll forward of equity (opening + P&L + capital infusion - dividend paid = closing)
  • Roll forward of Fixed Assets (opening + acquisition - disposal = closing) supported with Site documentation
  • Roll forward of Fixed Assets Depreciation (opening + depreciation expense from P&L - depreciation from disposed assets = closing)
  • Roll forward of Inventory by class of inventory (opening + variation accounts from P&L = closing)
  • Roll forward of Inventory provision by class of inventory (opening + variation accounts from P&L = closing)
  • Roll forward of accrued liability by nature (opening + increase - reversal = closing)
  • Documentation of all manual accounts with proper supporting documentation by nature

Perform Accounts Review
  • Review of Asset Under Construction including aging and signed In Service Certificate for transfer in FA and start of amortization
  • Review Site inventory review and Stock in transit documentation for proper
  • Run the MAF allowance for doubtful account

Update Accruals
  • Reverse prior month accrued interest, assess and record the current month accrued interest
  • Reverse prior month accrued taxes, assess and record the current month accrued taxes
  • Review the aging of all accruals and request guidance from Site accordingly

Monitor the Period Close
  • Insure proper period close in Compass
  • Insure proper carry forward of closing balances

Prepare the Financial Statements
  • Insure proper presentation of the Financial Statements both in MAF (RM, RS) and Statutory (Schedule 6) passing the required reclassification entries

Compliance
  • Perform all activities in line with the Valeo MAF, the SSC GL User Manual and the Valeo Code of Ethic

Qualifications - External

Qualifications - External

Masters degree in Finance , CA/ICWA (Intermediate) with Industrial Experience of 2-5 years + SAP working knowledge Preferred

Job:

Accountant

Organization:

SSC Financial Control VHG

Schedule:

Full time

Employee Status:

Regular

Job Type:

Permanent contract

Job Posting Date:

2023-05-21

Join Us !

Being part of our team, you will join:
  • one of the largest global innovative companies, with more than 20,000 engineers working in Research & Development
  • a multi-cultural environment that values diversity and international collaboration
  • more than 100,000 colleagues in 31 countries... which make a lot of opportunity for career growth
  • a business highly committed to limiting the environmental impact if its activities and ranked by Corporate Knights as the number one company in the automotive sector in terms of sustainable development

More information on Valeo: https://www.valeo.com