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:
JOB FUNCTIONS AND RESPONSIBILITIES:
QUALIFICATIONS:
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