Oracle

Senior Accountant

Posted On

Jan. 11, 2024

Location

Bengaluru, Karnataka

Experience Level

Professional

Job Type

Permanent

Apply By

July 9, 2024

Job Description

Maintain general accounting systems, policies, and procedures to ensure that proper information is reported in accordance with Generally Accepted Accounting Principles.

Role:

Senior Assistant Financial controller is responsible for Financial accounting, statutory audit, Internal audits, Management reporting and responsible for compliance of the legal entity. The Senior Assistant Financial controller will support the Financial controller by independently taking judgment and recommending actions while managing USGAAP closure, Statutory accounts, Financial reporting, risk reporting, regulatory compliance of the legal entity that they manage. They will support Financial Controller in carrying out the Fiduciary responsibility for compliance and protecting the interest of the legal entity. Ability to work in a matrix organization and drive the requirement.

Key Responsibility Areas

Maintenance of Books of accounts - (US GAAP / Local GAAP)

Adhere to corporate deadlines for submission & reporting

Adherence to monthly close calendar published by corporate
Timely review of financials and reporting
Quarterly reporting

Review of income statement (Opex)
Review of balance sheet
Representation letter signoff
Reporting’s related to 10K, 10Q and other SEC reporting purpose
Balance sheet reconciliation review on a monthly basis and timely clean and reporting on any P&L Exposure.

Ensure the books of accounts are correct

Analyze the accounts for reasonableness
Review with Regional controller and Lines of Business
Ensure critical issues are addressed and remedial action taken. Address the go forward process.
Compliance with Oracle policies

Implement policy/process changes and Pro-actively communicate process exceptions & bottlenecks to Senior Management / Stakeholders, as required

Entity Compliance

Monthly review of the financial position of the legal entities assigned including the operating cash flows and liaising with Treasury / Tax on the intercompany settlements.
Ensure all the compliances are take care including managed by other LOB’s.
Ensure any new compliance requirement are take care.
Controller would be overall responsible for the entity.

Coordination & complying with all audit requirements

Internal Audit
SOX
USGAAP Audit
Statutory Audit
Tax Audit
1. Conducting periodic review calls with all stakeholders

Ensure that the audit per the Local GAAP is completed on time and filed with relevant authorities

Ensuring all requirements from Auditors & Tax Consultants are met
Ensure the final audit & statute timelines are met.
Maintenance of Key accounting matters
Preparation of financial statements and notes to accounts including variance analysis with detailed explanations
Preparation of Board pack covering financial highlights
Maintaining a clear trail of all STAT adjustment entries and STAT schedules.
Preparing reconciliation between US GAAP and local GAAP and initiate necessary steps to bridge the balances as required.
Maintain the country exceptions document up to date by reviewing the current process vis-à-vis the changes, if any, driven by local regulatory requirements

Stake holder (Business, Tax, Legal, GBF, Other lines of business, etc.,) Relationship Management

Interacts with stakeholders through regular reviews to resolve their queries and follow-up till resolution
Handles critical communication and issues related to process with stakeholders
Builds and maintains long term relationship with the stakeholders

Mergers & Acquisition related tasks in coordination with regional M& A team

Coordinate with regional M&A team for any new acquisition to work on due diligence, migration of balance, Asset Purchase Agreement etc.
Collaborate with Tax team to ensure that the merger structuring and accounting are in compliance with the Country laws.
Study the impact of acquisition for Statutory requirements.
Identify areas for processing GW adjustment entries.
Clearing the old o/s items on the earlier acquisitions.

Process documents, country exception updation and periodical review

Creation of documents for new process
Updating and validating the documents vis-à-vis existing process
Identifying and updating process and country exception
Update the SRG for the statutory audit completed

Process improvement & Organization initiatives

Executes quality projects as per the instruction
Assists in identifying and reducing non-value add activities
Best practice implementation for Local / US GAAP
Actively participate in various country level, regional, global projects as may be assigned

Preferred qualification: Chartered Accountant

IC3 – 3 to 5 years of post-qualification experience

Strong accounting fundamentals: Sound knowledge of Accounting and reporting Standards (eg. Ind AS/ IFRS) and ability to assimilate, interpret and apply the standards/concepts in real life scenarios.

Working knowledge in an ERP environment. Knowledge on ERP/ tools like Consolidation tools, Reconciliation tools, Analytical tools etc. would be an added advantage.

High level knowledge of Corporate and Taxation laws

Reasonably good verbal and written communication skills

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