Director, Accounting Department

Employer
Ocwen Financial Corporation
Location
Bangalore
Posted
Oct 03, 2024
Closes
Oct 31, 2024
Ref
4854304198
Level
Director
Certification
Other
Work Mode
Work from office
Hours
Full Time
Organization Type
Corporate
Description

POSITION SUMMARY:
  • The incumbent will be responsible for the financial statements of the company, including maintaining the financial records of the Company, day to day accounting, reporting statutory and other compliances.
  • Establish and maintain a strong control environment to ensure accuracy of financial information and compliances.

JOB FUNCTIONS AND RESPONSIBILITIES:
  • Summarize and report the statement of operations, financial position and changes in financial position and other financial information related to Ocwen to both internal and external customers.
  • Partner and collaborate with Business Partners and Accounting & Reporting Controllers, business/finance contacts and Subject Matter Experts to understand and resolve the IGAAP and US GAAP technical requests and queries and provide leadership accordingly.
  • Review of primarily financial instruments and transfer related accounting issues.
  • Collaborate and review accounting and reporting Memos prepared by Controllers.
  • Coordinate with business partners (e.g., Controllers, Financial Reporting, etc.) to identify, develop and communicate additions or updates to accounting policies.
  • Regularly compile updates and formulate opinions on emerging accounting issues for discussion with the CAO.
  • Participate in the accounting and reporting functions for Ocwen.
  • Ensure monthly closing process and account reconciliations are completed within the preset timelines.
  • Devise processes to cut down close timelines by process improvements and automation of information flow from the source to the accounting systems.
  • Working with the tax team to ensure regulatory compliances.
  • Assist in the development and maintenance of a system of internal controls that are Sarbanes-Oxley compliant.
  • Support Company's other functions within the Finance umbrella- such as Financial Reporting, Tax, Treasury, FP&A, Internal Audit, Corp Strategy, etc.
  • Supervise completion of monthly reports to management.
  • Support management and business units through the preparation of analytical reports, trend and variance analysis
  • Direct and participate in special projects & process re-engineering efforts.
  • Facilitate cost optimization through process improvements and providing inputs to management.
  • Liaise with the internal and statutory auditors to provide timely and accurate information.
  • Leading the preparation of financials statements of the company under statutory framework of various laws.
  • Contribute in functioning of board of directors of Indian companies.

QUALIFICATIONS:
  • CA/CPA with 15 to 20 years of experience in finance and accounting domain
  • In-depth Knowledge of US GAAP accounting.
  • In-depth knowledge of IGAAP accounting including strong exposure of scrutniization of general ledger and accrual process.
  • Supervision of accounts payable function.
  • Strong knowledge of fixed assets accounting and maintenance of fixed assets register and records.
  • Ability to lead Payroll function and related compliances
  • A successful track record of developing strong relationships across a broad range of leadership functions allowing the person to effectively influence and effect change.
  • Must have very strong written and verbal communication skills, with the ability to clearly and concisely translate technical accounting terms into simpler form.
  • Must have a demonstrated and proven ability to multi-task and meet deadlines in a fast-paced deadline-driven and constantly changing environment.
  • Strong people management, leadership and interpersonal skills