Job Description
Main Purpose:
This role is responsible for the accounting, reporting and control of the Trading legal entities with primary responsibilities of monthly closing of the books, entity-specific accounting policy, legal entity maintenance, account reconciliation & account structure management. The role will require an in-depth understanding of these entities including their business strategies, associated technical accounting and disclosure requirements.
Knowledge Skills and Abilities, Key Responsibilities:
Experience, Knowledge and Skills
• Chartered Accountant / post-graduation accounting qualification
• 2-4 Years of relevant experience
• Strong communication skills
• Self-driven and able to take end-to-end ownership
• Keen to question and challenge the existing processes with a view of creating reporting efficiencies and improvements.
• Can work with multiple data sets, various systems and Excel
• Eager to take up fresh challenges and support the team wherever required
• Comfortable to work with non-accounting teams for regular activities and projects
Key Responsibilities
Balance Sheet Review & Control
- Provide and support input into the end-to-end control and ownership of legal entity balance sheets for the division supported
- Drive the monthly financial close which entails analytical review and sign off of the balance sheet, profit and loss accounts for entities of the specified trading division
- Perform the month end close process including but not limited to revenue recognition checks, stock verification and valuation, debtors aging along with provision review, intercompany & related party balance confirmation
- Ensure strong control framework by implementing and maintaining effective internal controls
- Address ad hoc requests from various stakeholders and counterparts like tax, consolidation and regional accounting teams
- Coordinate with multiple teams on matters relating to intercompany settlements, transfer pricing, legal, compliance
- Analyse impact of various journals and processes on trial balance areas.
MIS reporting
- Inter-co, Portfolio and Broker reconciliation
- Debtor/Creditor reconciliation
- Debtor/Creditor reporting
- VAT reconciliation and reporting
- Inter/Intra-co invoicing and reallocation of costs/income
- Daily suspense balance clearing and reporting
Audit
- Liaise with external auditors during the group & statutory audits
- Coordinate with various functions to provide auditable support & evidence to external auditors
- Prepare disclosure schedules and audit documentation
Change Management
- Drive change projects to support any accounting policy changes or new reporting requirements for the legal entities in scope
- Challenge the current processes for improvement and constantly review processes for efficiencies
- Steer a wide variety of projects in the transformation of the trading and GL systems from the design, functional requirements and testing to supporting implementation
Key Relationships and Department Overview:
• Business Controllers
• Deals Desk (Product Control team)
• Operations /Chartering (logistics)
• Trade Finance
• Treasury and Bank reconciliation
• External Audit teams
This role is responsible for the accounting, reporting and control of the Trading legal entities with primary responsibilities of monthly closing of the books, entity-specific accounting policy, legal entity maintenance, account reconciliation & account structure management. The role will require an in-depth understanding of these entities including their business strategies, associated technical accounting and disclosure requirements.
Knowledge Skills and Abilities, Key Responsibilities:
Experience, Knowledge and Skills
• Chartered Accountant / post-graduation accounting qualification
• 2-4 Years of relevant experience
• Strong communication skills
• Self-driven and able to take end-to-end ownership
• Keen to question and challenge the existing processes with a view of creating reporting efficiencies and improvements.
• Can work with multiple data sets, various systems and Excel
• Eager to take up fresh challenges and support the team wherever required
• Comfortable to work with non-accounting teams for regular activities and projects
Key Responsibilities
Balance Sheet Review & Control
- Provide and support input into the end-to-end control and ownership of legal entity balance sheets for the division supported
- Drive the monthly financial close which entails analytical review and sign off of the balance sheet, profit and loss accounts for entities of the specified trading division
- Perform the month end close process including but not limited to revenue recognition checks, stock verification and valuation, debtors aging along with provision review, intercompany & related party balance confirmation
- Ensure strong control framework by implementing and maintaining effective internal controls
- Address ad hoc requests from various stakeholders and counterparts like tax, consolidation and regional accounting teams
- Coordinate with multiple teams on matters relating to intercompany settlements, transfer pricing, legal, compliance
- Analyse impact of various journals and processes on trial balance areas.
MIS reporting
- Inter-co, Portfolio and Broker reconciliation
- Debtor/Creditor reconciliation
- Debtor/Creditor reporting
- VAT reconciliation and reporting
- Inter/Intra-co invoicing and reallocation of costs/income
- Daily suspense balance clearing and reporting
Audit
- Liaise with external auditors during the group & statutory audits
- Coordinate with various functions to provide auditable support & evidence to external auditors
- Prepare disclosure schedules and audit documentation
Change Management
- Drive change projects to support any accounting policy changes or new reporting requirements for the legal entities in scope
- Challenge the current processes for improvement and constantly review processes for efficiencies
- Steer a wide variety of projects in the transformation of the trading and GL systems from the design, functional requirements and testing to supporting implementation
Key Relationships and Department Overview:
• Business Controllers
• Deals Desk (Product Control team)
• Operations /Chartering (logistics)
• Trade Finance
• Treasury and Bank reconciliation
• External Audit teams
💡 Quick Summary
Seeking a career-building opportunity? The Analyst | Accounting position is now open for candidates interested in the MIS Executive sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in MIS Executive is a plus.
