Senior Manager | F&A Operate: Record to Report | Hyderabad | Finance Transformation

1) Overview
Senior Manager will be responsible for ensuring completion of delivery of day-to-day activities within the Record to Report (R2R) function/process, (for e.g., leases & fixed assets management, AR accounting, accounting, and reporting).
Key responsibilities of Senior Manager will include:
Lead the say-to-day delivery of R2R processes, sub-processes, activities, and transactions to ensure accurate and timely financial reporting.
Review and perform operations, meet SLA and targets, data analysis, report generation, and collaboration with various stakeholders to support the operations


2) Principal Accountabilities
Primary Responsibilities
Supporting Actions
Service Delivery
Lead, perform and deliver the following R2R activities:
Work closely with the global stakeholders to process and ensure accurate recording (Accruals, Amortization, Allocation, Reclass, etc.), reporting, consolidation and analyzing reports.
Review Balance Sheet reconciliations.
Closely monitor and resolve all aged open items and make sure balance is properly supported.
Lead the monthly, quarterly, and annual closing process.
Review monthly close reports & variance analysis of various entities to ensure the numbers are materially accurate.
Extract, modify and analyze monthly reports as required and resolve queries and complex accounting issues.
Issue audit deliverables to support statutory audit.
Review the SOPs periodically to ensure process changes, exceptions and new learnings are updated in timely manner.
Identify areas of process improvement, standardization, and automation.
Leases and Fixed Assets
Lead operational accounting spanning the entire Fixed Assets life cycle from acquisition (placing assets in service based on completion of milestone), maintenance, retention, disposal or retiring of Fixed Assets in accordance with accounting policy.
Review Fixed Assets purchase orders to ensure proper coding and other classification such as Internal order numbers, cost centers, and business areas.
Review Fixed Assets roll forward schedules.
Reviewing the completeness and accuracy of abstracted lease agreements.
Process lease including new leases, amendments, extensions and terminations into ERP.
Managing lease accounting schedules and key financial data within the lease management system.
AR Accounting:
Lead day-to-day Accounts Receivable (AR) transactions for ensuring that organizational finances are maintained in an effective, up-to-date, and accurate manner.
Review to ensure that the unapplied cash & bank receipts to be properly tracked and cleared on timely basis.
Follow up on recovering aged AR balances and proposing provision for doubtful debts.
Accounting & Reporting:
Lead processing of varied nature of business accruals (PO and non-PO) pertaining to other current liabilities and other current assets (like purchased services, supplies) during MEC based on computations arrived via Trend Analysis.
Review statistical entries.
Review accurate amount spent on varied community benefits schemes.
Lead admin tasks like reconciliation database maintenance and balance upload in recon tool, arrange access to new joiners or additional requests, etc.
Lead and review in group reporting and consolidation.
Review necessary documentation and reports for financial reporting.
Ensure compliance with company policies, accounting principles, and relevant regulations.
Stay informed about changes in accounting standards and best practices in R2R function
Support to Team Lead
Support Team Lead (as required) in the following actions:
Act as the key contributor to the transition right from knowledge transfer (KT) sessions to Go-Live
Contribute to Convert knowledge captured into Process SOPs
Lead the discussions with incumbent during transition
Deliver well on the assigned responsibilities
Collaborate with onshore process owners
Ensure all agreed SLAs are met
Actively participate in review of month close activities and work with Providence entities and global stakeholders in implementing strengthened controls
Ensure smooth handover at the end of the engagement

3) Attributes Required
Experience
Qualifications
8+ years of experience of working in Closing and Reporting process
Working knowledge of R2R processes and applications
Experience in process mapping and developing SOP documentation
Hands on experience in transition
Ability to dissect complex financial data and derive meaningful insights
Experience and understanding of ASC 350 (Tangible PPE), 360 (Intangibles) and ASC 842 Lease accounting would be a plus
Excellent communication, problem solving and analytical skills
High on Collaboration to effectively navigate relationships and organizational politics within a matrixed organization.
Prior experience in working with global stakeholders
Knowledge of Oracle ERP with specialized experience in Lease & Fixed Assets management
Comfortable with working in PST time zone
CA/CMA/CPA

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