Senior Executive | Record to Report | Bengaluru Eco space | Finance Transformation
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Job Location:
Monthly Salary:
Posted on:
5 days ago
Vacancies:
1 Vacancy
Job Summary
Sr. ExecutiveEnterprise Technology and Performance-Finance Transformation Record to Report
Location:Bangalore
The team
Enterprise technologyhas todo much more than keep the wheels turning; it is the engine that drives functional excellence and the enabler of innovation and long-term growth.Learn more about ET&P
Your work profile
The Sr. Executivewillbe responsible forensuring completion of delivery of day-to-day transactions and activities within the Record-to-Report (R2R) function/process (for Accounting Period End Close Reporting etc.)
Key responsibilities for the Sr. Team Leadwill include:
Overview of R2R processes sub-processes activities and transactions. Ensure books are closed on time. Review journals BS recons monthly report timeliness and accuracy SLAs are met. Ensure complete and accuracy in perform and deliver one or more of the followingR2R activities:
GL Accounting
- Oversee end-to-end General Ledger (GL) close activities ensuring smooth execution of monthly and annual close cycles.
- Drive timely and accurate completion of financial close in adherence to defined timelines and SLAs.
- Review and approve Journal Entries (JEs) and Balance Sheet (BS) Reconciliations based on risk ratings materiality thresholds and compliance requirements.
- Ensure timely clearance of open and outstanding items with proper follow-ups and escalation mechanisms in place.
- Strengthen internal controls by identifying gaps and implementing corrective and preventive actions.
- Propose lead and implement process improvement initiatives to streamline workflows reduce manual effort and enhance efficiency.
- Monitor and track KPIs/SLAs related to quality timeliness and accuracy of deliverables.
- Ensure adherence to accounting standards company policies and audit requirements.
- Collaborate with cross-functional teams to resolve accounting issues and drive process standardization.
- Lead mentor and manage a diverse team including Analysts Senior Analysts Team Leads Senior Team Leads and Deputy Managers.
- Conduct performance reviews provide coaching and drive team development and succession planning.
- Support audit activities (internal and external) by providing required documentation and explanations.
Period-End Close & Reporting
- Support preparation and validation of period-end reports (monthly quarterly and annual).
- Own and manage the month-end close checklist ensuring all activities are completed within deadlines.
- Perform detailed GL reviews during close cycles to ensure completeness and accuracy of financial data.
- Review and validate monthly reporting packs ensuring alignment with business and corporate requirements.
- Analyze and review flux (variance) reports highlighting key movements and providing actionable insights.
- Prepare and review schedules supporting financial statements ensuring audit readiness.
- Provide ad hoc accounting support to Business Units (BUs) including issue resolution and financial analysis.
- Assist in preparation of financial statements in compliance with applicable accounting standards.
- Coordinate with stakeholders to ensure accurate and timely reporting of financial information.
- Manage stakeholder expectations through clear communication timely updates and effective issue resolution.
- Drive governance through regular client meetings status updates and performance reviews.
- Conduct monthly team meetings to review performance address challenges and align on priorities.
- Identify opportunities for automation and standardization in reporting processes.
- Ensure data integrity across systems and reports used for financial reporting.
Internal Controls
Lead in implementing suggested internal controls or SOX controls.
Identifyand implement process improvements to enhance efficiency and effectiveness in accounting operations.
Ensure all process documents are up to date.
Manage the preparation of year-end financial disclosures ensuring compliance with regulatory requirements and company policies.
Ensure new team members in the processes are trained.
Stay informed about changes in accounting standards and best practices in R2R function. Coordinate with teams to address discrepancies and implement improvements.
Propose and lead initiatives to streamline workflows
Monitor and evaluate the teams performance.
Build andmaintainstrong relationships with internal and externalstake holders.
Support auditors by supplying requested the coordination of internal and external audits including the preparation of audit schedules and responses to audit inquiries
Advise/Assist Team Leads and Sr Team leads during month/qtr/year end book close
Support VP (asrequired) in areas such as:
Operational Excellence
Process Improvements
Reporting
Client Management / Escalations
Key skills required:
B. Com / BBA / BMS or similar three-year graduate course
4to6years ofpreviousworkexperience
Freshers basic accounting knowledge and computer skills / MS Office
Basic / working knowledge of Finance processes
Effective communication problemsolvingand analytical skills.
Prior experience in BPO sector (preferred)
R2R function specific knowledge (preferred)
Required Experience:
Senior IC
About Company
Deloitte Touche Tohmatsu Limited, commonly referred to as Deloitte, is a multinational professional services network. Deloitte is one of the "Big Four" accounting organizations and the largest professional services network in the world by revenue and number of professionals with headq ... View more
