Process Analyst, Financial Reporting
Year Bengaluru, Karnataka, India
Job Description
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Context/Scope:
Global Business Operations (GBO) in Diageo support standard processes and systems with effective and efficient shared services across the globe. Financial Controlling and Analysis (FC&A) Tower is part of GBO and provides oversight on financial activities and controls including general accounting, management and external reporting and financial planning and analysis.
Financial reporting team is part of FC&A tower. Its main responsibility is to support the preparation, review and publish the legal entity wise BFC financial packs for various entities within the respective regions in accordance with the group reporting timelines.
Market Complexity:
Complex & critical demand and supply entities.
Purpose of Role:
- Ensure smooth and accurate month-end closes
- Ensure that management and statutory reporting is completed accurately and on time and that the surrounding internal control procedures are strictly adhered to
- Perform reconciliations review
- BS review and file preparation
- Preparation and posting of journals
- Contribute ideas, energy, enthusiasm and support to the continuous
- improvement of the financial and operational process
Leadership Responsibilities
- Executional excellence - should prepare reports and provide solutions on a simple and straight forward way
- Challenge to improve - should focus on improvement opportunities by positively challenging existing forms and ways of working
- Control focus - a controlling mindset is inevitable to contribute to the design and operation of our control environment
- Positive intent and personal impact - interact with various departments with a positive outlook when looking for solutions.
- Has the self-confidence to present own ideas and convince other in a motivating way.
Top 3-5 Accountabilities:
- Posting accruals and support accruals calculation
- Timely cross charge of project costs and management charges
- Provide and keep sufficient backup for intercompany recharges
- Perform GL reconciliations, BS analysis
- Help the team to prepare for PWC audit (both group and statutory)
- Active involvement in fixed asset, accrual area.
- Update annual statutory reports (BS, CF, PL and appendix).
- Responsible for daily operational accounting and financial activities. Solves arising issues, liaises with stakeholders and with other financial colleagues to solve specific issues.
- Participate to the month-end close, BFC reporting and reconciliation process in accordance with the agreed internal and group timetable. Ensure the completeness and the accuracy of financial records.
- Working closely with other in-house and local financial teams (Commercial Finance, Costing, BPM, FP&R, Compliance, Cash Cycle, Treasury, Tax, etc)
- Liaise with outsource providers and actively participate on the captive migration RTR project.
- Driving issue resolution, pro-actively seek out better ways of doing things and drive implementation of simpler, faster, better processes and ways of working.
- Proactively suggests improvements/additional control points to build in and takes an active part in process improvement projects, in implementation and in the follow up.
Qualifications and Experience Required:
- Graduate in Finance or Accounting
- 6-8 years experience in Accounting, technical accounting skills is required
- Financial Reporting (end to end view of Financial Statement Prepaeration)
- Legal entity controllership
- Stakeholders management
- Process Expertise and improvement
- Capable of working in a deadline driven environment.
- Experience of working in a multi-national SSC environment
- Has customer focus to be able to build excellent relationships with relevant internal and external customers
- Hard working personality, flexibility
- International (part) qualification (IAS/UK/US GAAP) is an advantage.
Language skills
- Good business English, able to communicate effectively
PC skills/System knowledge
- MS applications
- Relevant experience with SAP FI /CO modules / Blackline
- Strong Excel knowledge
Barriers to Success in Role (Optional):
- Inability to work as part of a team
- Lack of communication and language knowledge skills
- Lack of positive attitude
- Lack of personal motivation/drive
- Insufficiently open-minded and not flexible
- Not willing to take ownership
Flexible Working Options:
Depending on market needs
Worker Type : Regular
Primary Location: Bangalore Karle Town SEZ
Additional Locations :
Job Posting Start Date : 2024-05-21
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Job Detail
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Job IdJD3331530
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationBengaluru, Karnataka, India
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EducationNot mentioned
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ExperienceYear