Manager- Centralized Accounting

Employer
Confidential
Location
Chennai
Posted
Jun 17, 2024
Closes
Jul 01, 2024
Ref
4736903400
Level
Manager
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
About Organization

Olam Food Ingredients (ofi) is a global leader offering 'on-trend' sustainable, value-added food ingredients & solutions, enabling consumers to enjoy the healthy & indulgent products they love. ofi is a part of the Olam Group, a leading food and agri-business, supplying food ingredients, feed and fibre to thousands of customers worldwide, ranging from multi-national organizations with world famous brands to small family run businesses.

Olam Food Ingredients is now known as ofi. Focused on the raw materials and ingredient platforms that we're known for globally - cocoa, coffee, dairy, nuts, and spices. We still offer everything we did before. What's new is that we're adding capabilities - especially in product development - working closely with our customers, sharing our fresh ideas to inspire new concepts. Making it real at every step, from plant to palate.

Overview of the position:

Manager - Centralized Accounting 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. S/he is responsible of providing financial statements that are compliant with accounting policies and IFRS. Responsibilities include review journal entries, review balance sheet reconciliations, supporting month end closing, Ensure robust control and compliances, Ensure process adherence with an eye to standardize & automate.

Key Responsibilities:

- Responsible for month close and reporting process (review) being well established and documented

- Accountability for timeliness and accuracy of core deliverables ( MEC related activities) and find opportunity to reduce the month end cycle by identifying and eliminating non-value-added activities.

- 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

- Experience in setting up Validation Checklists for processes and review on a continuous basis for completeness, accuracy and control.

- Takes ownership and accountability for independent analytical work, process coordination and improvements.

- Ensure that financial statements adhere to accounting policies and any changes thereof from time to time and any exceptions identified are clearly highlighted to relevant stakeholders

- 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. Unusual items and exceptions are investigated and properly resolved / recorded in the general ledger in the appropriate accounting period

- Journal entries are independently reviewed, validated, authorized, and properly recorded in the appropriate accounting period

- All intercompany transactions and balances are identified, reconciled, and appropriately eliminated in consolidation in the appropriate accounting period

- All Profit Centre, Cost Centre and GL Accounts of the Entity are mapped as per standard chart of accounts

- Run and manage Finance and Finance related IT projects under the guidance of leadership, tracks the progress and flags off the risks

- Work closely with cross-functional team for effective collaboration and smooth execution of identified initiatives

Experience and Qualification:

- Commerce Degree from an Institute of repute with Chartered Accountancy qualification with 8-10 years in Finance and Accounts domain from a FMCG / Manufacturing or mix of GBS plus FMCG / manufacturing

- Excellent understanding of International Financial Reporting Standards (IFRS)

- Good understanding of Financial Shared services companies and collaborate with them

- Good knowledge of SAP and SAP BPC / BO / BI / RPA would be an added advantage

- Extremely well versed with MS Office - Excel, Word Power Point

- Strong domain expertise, analytical skills and logical reasoning with good leadership capabilities

- Ability to handle pressure and work in an environment of strict deadlines

- Excellent communication, interpretation and comprehension skills, proactive and good in numbers

- A keen eye for details and desire to probe further into data

- Excellent ability for problem solving along with solid analytical skills, understanding of the business process, and system optimization

- Good understanding of the business concepts like fair valuation, derivatives, direct & indirect cost, budgeting, factoring etc. Experience on various reconciliations like intercompany, inventory, bank etc.

- Strong knowledge of management reporting and financial accounting

- Excellent Leadership and Stakeholder management skill

- Ability to layout clear plans for process standardization & automation and implement the same

At ofi , we celebrate our diversity. ofi provides equality of opportunity for all persons with respect to hiring without discrimination on the grounds of race, color, religion, national origin, sex, pregnancy, age, disability, veteran status, or sexual orientation. All employment decisions will be based on qualifications, merit, and business needs.

Skills: Sap, Leadership, Management Reporting, Ms Office, Budgeting, Inventory, Stakeholder Management, Derivatives, Bank, factoring, Financial Accounting, Ifrs, Reconciliations

Experience: 8.00-10.00 Years