Associate Vice President - Record To Report - BFSI

JOB DESCRIPTION FOR RECORDS TO REPORTS
 
OVERALL PURPOSE OF JOB :

- The RTR lead will be responsible for overall accounting operations, payroll, taxes, fixed assets, Intercompany, book closure and consolidation.

- Manage volumes and financials for the tower

- Drive process improvement initiatives and thereby meet productivity targets

PROCESSES:

- Manage the daily accounting transactions to ensure accurate and timely reporting of the company's consolidated financial results in accordance with GAAP.

- Support management and operations by providing timely and accurate management reports and analysis.

- Responsibilities include: general accounting, payroll, fixed asset, treasury, Intercompany, financial statements and internal accounting controls; oversight of financial audits, examination and other accounting or tax services, accounting systems and policies and procedures.

Responsibilities/Authorities :

- Lead and direct the company's global financial close processes to ensure timely monthly, quarterly, and annual global financial statement results

- Manage global process and delivery covering 2-3 delivery centers

- Initiate and drive process improvements to the global process, be it elimination of waste, standardize the process across regions, automation etc-

- Control all accounting operations including payroll, taxes, fixed asset, Intercompany, book closure and consolidation.

- Serve as the business owner of the ERP system and ensure the continued automation of key accounting processes.

- Maintain and constantly evaluate the company's financial processes, systems, policies and procedures - anticipate, develop, and maintain robust, scalable global accounting capabilities with a strong focus on continuous improvements and ease and speed of integration.

- Develop, implement, and monitor internal accounting controls and policies to ensure compliance with regulatory and audit requirements

- Coordinate intercompany and international accounting relationships and activities, including revenue, compensation, treasury, transfer pricing, taxation and expense issues.

- Manage relationships and engagements with firms providing audit, examination, specialized accounting or tax services to the firm.

- Pursue enhancements in the core accounting workflow, data management and reporting functions with a - project management- focus.

- Oversee consolidation of financial statements.

- Serve as lead contact for the external year - end audit.

- Responsible for the preparation and effective communication of various management reports and analysis.

- Provide appropriate interpretations and analysis of actual financial performance versus plan or forecast.

- Analyze financial statements (P&L/Balance Sheet) and reconcile accounts for accuracy and adherence to generally accepted accounting principles.

- Develop and implement performance measures that focus on key business drivers (financial and non-financial) to support long term performance and strategic objectives.

- Improve our Controlling processes through standardization, templates and automation

- Ensure the accuracy and integrity of financial records. Ensure any relevant accounting issues are identified, discussed, resolved, and documented appropriately

- Produce financial results reporting on a monthly/quarterly/annual basis and facilitate governance meetings to review those reports and facilitate any required follow-up actions

- Assist with month-end accruals and reconciliations to ensure differences are resolved in timely manner.

- Work within the scope of the contract; and the team delivers the process as in the Statement of work and the desk top procedures.

- Manage financials for the tower by making sure we deliver with the right number and levels of FTEs

- Participate and contribute to people engagement initiatives while managing a team strength of ~90 employees

JOB REQUIREMENTS :

Functional competencies (Includes Knowledge and Skills) :

- Competency Name Proficiency Level

- (Refer Defn. below) Comments

- General Accounting Expert (X)

- ERP System (Eg. SAP) Experienced (E)

- MS Office Expert (X)

Professional Competencies (Includes Skills) :

- Proactive

- Analytical ability

- Team Player

- Communication skills

- Relationship management

Proficiency Level Definition :

Trained(T) :

- Attended a training course on this skill and/or has had brief exposure to this skill.

- Uses basic terminology in regard to the skill.

- Recognizes and/or articulates basic concepts, facts, methods, techniques in day-to-day work experiences.

Experienced (E) :

- Moderate exposure to this skill and related work experiences.

- Can assist other team members with questions and problems related to this skill

- Applies skill (at basic level to work situations, with some guidance.

Skilled(S) :

- Extensive exposure to this skill and related work experiences.

- Applies skill (at advanced level) to work situations with medium complexity, with little or no guidance.

- May train and/or direct the work of others in application of skill.

Expert(X) :

- Regarded as a center wide resource on this skill.

- Applies detailed knowledge and skills to complex (or new) work situations in multiple settings settings.

- Trains and/or directs work of other in complex facts, methods, and techniques related to the skill.

Working Conditions :

- In general, willing to work across different shift hours - including USA work hours

- Interact with clients - good verbal and written communication. Build and maintain relationships in a multicultural context.

- Capable of working independently with minimal supervision

- Ability to meet tight deadlines with focus on quality, results and timely delivery. Candidate will need to stretch during peak / critical service delivery periods and may require to work for long work hours