Senior Accountant - Compliance & Audits

About SKF

SKF started its operations in India in 1923. Today, SKF provides industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence.

SKF's solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability. With a strong commitment to research-based innovation, SKF India offers customized value-added solutions that integrate all its five technology platforms.

About the organization: www.skf.com/in

SKF Purpose Statement

Together, we re-imagine rotation for a better tomorrow.

By creating intelligent and clean solutions for people and the planet

JOB DESCRIPTION

Job Title: Senior Accountant – Compliance & Audit

Reports to: Chief Accountant R2R

Role Type: Team Manager/Individual contributor

Location: Chinchwad, Pune

Job Roles & Responsibilities:

Your day-to-day work/ Key Responsibilities

• Supervise the preparation of journal entries and reconciliation of financial statements and accounts ensuring data accuracy. Ensure effective maintenance of general ledger accounts
• Manage monthly account reconciliations, general ledger accounts, review financial reports to identify and explain variances, and follow documentation & maintain accounting files
• Perform general ledger closing, preliminary financial statements, consolidation, and month-end reports
• Direct accounting analysis and reporting and prepare journal entries for accruals and variances
• Provide technical support and advice to Process Analysts
• Maintain all financial information and records
• Ensure documentations are prepared in compliance with all related regulatory guidelines and applicable policies
• Lead the team in performing month-end and year-end closing by ensuring any reconciling items are addressed and overall timely execution of high quality and accurate processes
• Respond in an effective and timely manner to all Business Unit needs concerning areas such as expenditures and inventory
• Responsible for Fixed Assets Accounting, Inventory Accounting and Payroll Accounting
• Lead Statutory Audit and Complete it within the required time frame
• Provide support to all internal and external audits as initiated from time to time
• Work in close collaboration with external service provider/outsource partner
• Lead all continuous improvement and optimization projects for R2R
• Responsible for performance delivery according to agreed SLAs & KPIs in line with the Shared Service Centre standards and respective country norms
• Calculation of tax provision including deferred tax working
• Prepare withholding Tax return
• Prepare Monthly, Quarterly return of Indirect Tax GST etc.
• Provide guidance to the team on application of accounting standard for any special business transactions
• Perform Weekly review of Trial balance and ensure correctness in accounting
• Perform Cost Center wise review

We offer:

• A stimulating and challenging job in an international and developing environment
• Opportunity to be part of an experienced and open-minded team
• Get an in-depth knowledge of best-in-class Finance processes

We expect you to have

• Superior understanding of overall Finance & Accounting with strong exposure to R2R processes
• Expert Knowledge on Accounting Standards
• Experience in Audit and Preparation of Financial Statements
• Leadership skills for team management and keep team motivated.
• Good Organizational and planning skills, including ability to: prioritize work, handle multiple tasks simultaneously, set goals and enforce deadlines, while maintaining flexibility to reassess and prioritize goals
• Experience with MS Office required and superior understanding of Finance systems/ERP
• Strong written and verbal communication and analytical skills
• Ability to challenge the standard/Status- Quo in order to secure accounting and improve processes. Open minded when it comes to changes.

Academic & Work Profile

• CA – Qualified
• 5+ years of professional work experience in R2R function (Accounting, Reporting and Audits) with 2+ years of experience in leading a team responsible for ongoing reporting and processing
• Experience of working in a Manufacturing Set-up/ Exposure working in a Shared services Centre will be an added advantage
• Relevant Experience/ Knowledge in reputed Captive/Outsourcing RTR Ops.
• Good Written/Verbal Communication
• Excel Knowledge.
• Preferred someone with exposure of SAP for 2+ years
• Stakeholder Management experience
• Power BI Dashboard/ Worked with Power Query for data cleaning, transformation, and preparation
• Quality Lean/Process Improvement knowledge

Interested candidate/s can share their resume to hema.chaudhary@skf.com