Senior Executive – Finance & Company Secretary

Finance Plant –Vadodara, Gujarat


Description

 

 

POSITION DATA SPECIFICATION

 

Position Title:

Senior Executive Finance & Company secretary

 

 

Organization/Location:

Vadodara Plant

Reporting Line:

Sr. Manager Finance / Dy. Manager Finance

 

 

 

Part 1. Describe the Position

 

Summary:

 

(1)      Job Purpose:

This position is part of the Financial Reporting & Accounting team with key deliverables being to support the Sr. Manager – Finance in the cycle of Record to Report i.e., monthly book close, compliance, internal controls, audits and Statutory Compliance as per Companies Acts.

 

(2)      Goals and Objectives: Several bullet points for setting performance objectives.

 

A)          List the essential functions and major activities in order of their importance.

 

  • Play an active role in planning the close activities, coordinating the closing activities, reviewing the key account balances prior to the closing of the books
  • Maintain the Fixed Assets register including monitoring the capital work-in progress account, capitalization of completed assets, tagging them sequentially and coordinating the periodic physical verification with the help of user-groups
  • Own the key account reconciliation – working closely with other finance team members, ensure timely completion of high-quality account reconciliation
  • Comply with the monthly financial reporting calendar by preparing an internal calendar of activities by month and submit all the reports in OneStream Financial Management system
  • Responsible for submission of all Quarterly & Annual supplemental data (forms) to the HQ with high levels of accuracy and analysis
  • Support the company’s Internal control compliance program on all the SOX compliances, ensure robust process documentation and adherence
  • Coordinate with Deloitte and plan the Statutory audit related work, responsible for addressing the audit requirements and support the Manager Finance in completion of the audit within agreed timelines
  • Support during the Internal audit and ensure the audit observations get closed within agreed timelines
  • Support the Balance Sheet review process by compiling all the Account reconciliations and monitor any unreconciled/long open items to ensure timely actions being taken
  • Responsible for the Percentage of Completion method of accounting for large projects fully complying with the US-GAAP, internal guidelines, AS-7 of Indian GAAP including maintaining robust documentation for the same
  • Good knowledge of the IFRS and/US GAAP on revenue recognition, lease accounting, etc.
  • Keep abreast of the accounting policies, reporting rules and train the team on the same.
  • Additional Responsibility: Study and carry out research work under Company law, SEBI regulations, etc which would be beneficial to the Company and ensure timely submition of applicable form with ROC.

 

 

Part 2.Describe the Person

 

A)Minimum professional and educational background desired (include years of experience).

 

(1)    Key technical skills and knowledge.

 

  • CA & CS with 2-3 years of experience in the fields of corporate accounting, specifically in the areas of audit, finalization of accounts, internal controls and filling various form with ROC (CS membership mandatory)
  • Should have natural interest in the field of accounting and audit
  • Should be very strong in accounting standards and latest developments in the field of accounting & audit
  • Handling projects accounting would be an added advantage
  • Very good at MS-excel and ability to work on ERP environment
  • Analytical skills required to understand the issues while scrutinizing ledgers

 

B)          Describe the most important Leadership competencies required of the individual. (5-8 competencies are mandatory competencies)  

  • Drive towards meeting internal and statutory timelines for various reporting requirements
  • Should be a strong advocate of controllership compliance and proven track record in these areas
  • Very good communication skills and ability to influence others who don’t report into him/her
  • Ability to communicate with the HQ reporting team or Controlling team on various technical matters
  • Adaptability to work for long hours during closing/audits and extraneous situations
  • Continuous improvement mindset that is mandatory to review the processes on an ongoing basis and challenge the status-quo

 

This role is to support the Financial Reporting & Accounting area on various accounting & compliance matters; very demanding and voluminous but will be very rewarding if Xylem India scores high on reporting quality, timeliness and controllership compliance.

 

Signature:

 

Title:

 

Organization:

 

Date: