Amazon

Financial Analyst I, FOAA Cash accounting

Posted On

July 15, 2024

Location

Bangalore, Karnataka

Experience Level

Freshers/Experienced

Job Type

Finance & Accounting

Apply By

Oct. 8, 2024

Job Description

Amazon is a US-based multinational electronic commerce company headquartered in Seattle, Washington. Amazon.com started as an online bookstore, but soon diversified into many other categories, with a vision to be earth's most customer-centric company & to build a place where people can come to find and discover anything they might want to buy online.

Amazon's Finance Operations, Accounting & Analysis (FOAA) team is a fast-paced, team-focused, dynamic environment and delivering great experiences for our customers is top priority. FOAA is seeking a Finance Analyst to support Cash Accounting team.

Key job responsibilities
The Financial Analyst responsibilities include month end activities and ensure proper review of account balances for Amazon, preparation and review of monthly/quarterly/annually reconciliations and balance sheet and P&L analysis.

- This position will support the management in all aspects of financial accounting, reporting systems, procedures and policies.
- This position will also play an important role in promoting systems/process development within department to ensure ongoing efficiency and control improvements. The successful candidate will have a strong desire in innovating processes and exceed expectations in a dynamic, fast-paced environment, primarily driving innovation on behalf of our customers.
- Performing month end activities that include closing of sub ledgers, general ledger account reconciliations, reporting and balance sheet account analysis.
- Ensure appropriate financial policies, procedures, and internal controls are in place, documented, and operating as intended.

A day in the life
- Responsible for ensuring the successful completion of close activities, ranging from data entry and ledger entry to deliverables review.
- Prepares and reviews complex account reconciliations, financial analyses, and deliverables
- Acts independently to lead and complete projects with complex objectives.
- Understands the relevant accounting principles and can communicate the application of GAAP to peers and business partners.
- Works independently to identify and execute projects and process improvements to enhance efficiency.
- The successful candidate will report into a Finance Manager. This will include working with central accounting, finance operation and Global financial teams to ensure we have a controlled accounting process to do month end accounting and reporting activities in a manner fitting with our "Customer Obsession", “Deliver Results” and “Insist on Highest Standard” philosophy.

About the team
FOAA Cash accounting team is primarily responsible to prepare the bank reconciliations based on the input from bank statement and ensure all the bank transactions are posted in GL. The postings include entries recorded by various teams such as Account payable, Account receivable, Payroll, Order to Cash, Payment team etc. These transactions are interfaced from their respective sub-ledger to General ledger. Cash team performs the reconciliations to ensure all the transactions from several streams are posted and accounted in GL.
- Experience using data to influence business decisions
- Experience in corporate finance including budgeting/planning, forecasting and reporting
- CA with 0-4yrs of post-qualification experience in Month end closing of Books of accounts / working on various Sub-ledgers / Accounting Knowledge / Balance sheet Reconciliation & Reporting activities

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