Specialist- Centralized Accounting

ofi; Chennai District; On-site; INR 900,000 - 1,300,000; Full time

Job summary

ofi is a leading supplier of food and beverage ingredients with a global footprint. We are seeking a Specialist – Centralized Accounting to review processes between recording financial transactions and internal reporting, ensuring IFRS compliance and adherence to policies.

A Chartered Accountant with IFRS knowledge is preferred and SAP/BPC/BO/BI experience is advantageous. The role involves month-end close support, journal review, intercompany reconciliation, and close collaboration with

Qualifications

• Qualified Chartered Accountant with IFRS knowledge and commerce degree.
• Experience in validating processes, comprehensive reviews for completeness and accuracy.

Responsibilities

• Review financial statements, trial balance and schedules.
• Support month end closing and audits.
• Ensure compliance with IFRS and accounting policies.
• Map intercompany transactions and balances for consolidation.
• Collaborate with cross-functional teams for initiatives.

Skills

IFRS knowledge

Analytical skills

Communication

Attention to detail

Problem solving

Cross-functional collaboration

Education

Commerce Degree

Chartered Accountant

Tools

SAP

SAP BPC

BO

BI

RPA

Job description

As a leading provider of high-quality food and beverage ingredients, we work with farming communities across the globe to grow, source and produce ingredients that are good for consumers, farmers, and the world around us. We supply household food brands and manufacturers worldwide with cocoa, coffee, dairy, nuts and spices ingredients which are often grown on our own farms and estates and sourced from hundreds of thousands of farmers across ~50 countries. Along with our diverse manufacturing and innovation capabilities, this means we can provide ingredients for a range of products, from a plant-based latte mix to an almond based snack bar or a dairy-free ice cream. Making a positive impact on people and planet is a core component of our Purpose, to be the change for good food and a healthy future. With a deep-rooted presence in the countries where our ingredients are grown, we are closer to farmers, enabling better quality, and more reliable, traceable, and transparent supply. And whoever we’re with, whatever we’re doing, we always make it real.

Overview of the position

Specialist – Centralized Accounting is responsible for the review of processes between recording financial transactions and the internal reporting of the financials. The candidate should be a qualified Chartered Accountant. S/he is responsible for ensuring financial statements are compliant with applicable accounting policies, procedures and IFRS. Responsibilities include review of financial statements, trial balance and schedules, journal entries, balance sheet reconciliations, supporting month end closing, preparing various reports as required and supporting audits.

Key Responsibilities

• Responsible for understanding, analyzing and reviewing financials and allied accounting and business processes and ensure that all the controls around the process, procedures, policies are adhered to.
• Accountability for timeliness and accuracy of core deliverables (planning, analysis & reporting process and MEC related activities) and find opportunity to reduce the month end cycle by identifying and eliminating non-value-added activities.
• Ensure that the roles and responsibilities in the month closing and reporting process (including a required understanding of the entity's operations and appropriate accounting knowledge) are clearly defined, documented, updated, and communicated to counterparts on a timely basis.
• Takes ownership and accountability for independent analytical work, process coordination and improvements.
• Ensure that financial statements adhere to accounting policies and any changes thereof from time to time and any exceptions identified are clearly highlighted to relevant stakeholders.
• Application of the entity's accounting policies to each non-routine event or transaction is independently reviewed for appropriateness and ensures any exceptions are highlighted. Unusual items and exceptions are investigated and properly resolved / recorded in the general ledger in the appropriate accounting period.
• Journal entries are independently reviewed, validated, authorized, and properly recorded in the appropriate accounting period.
• All intercompany transactions and balances are identified, reconciled, and appropriately eliminated in consolidation in the appropriate accounting period.
• All Profit Centre, Cost Centre and GL Accounts of the Entity are mapped as per the standard chart of accounts.
• Work closely with cross-functional team for effective collaboration and smooth execution of identified initiatives.

Qualification and Experience:

• Commerce Degree from an Institute of repute with Chartered Accountancy qualification with or without experience
• Experience in setting up Validation Checklists for processes and review on a continuous basis for completeness and accuracy.
• Excellent understanding of International Financial Reporting Standards (IFRS)
• Good knowledge of SAP and SAP BPC / BO / BI / RPA would be an added advantage.
• Extremely well versed with MS Office – Excel, Word Power Point
• Ability to handle pressure and work in an environment of strict deadlines.
• Excellent communication, interpretation and comprehension skills, proactive and good in numbers
• A keen eye for details and desire to probe further into data.
• Excellent ability for problem solving along with solid analytical skills, understanding of the business process, and system optimization.
• Good understanding of the business concepts like fair valuation, derivatives, direct & indirect cost, budgeting, factoring etc. Experience on various reconciliations like intercompany, inventory, bank etc.
• Strong knowledge of management reporting and financial accounting
• Ability to layout clear plans for process standardization and implement the same

ofi is an equal opportunity employer and values diversity. All qualified applicants will receive consideration for employment without regard to racial or ethnic origin, color, age, religion or belief, sex, nationality, disability, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by applicable law.