Logo of Huzzle

Assistant Financial Controller

image

Oracle

12d ago

  • Job
    Full-time
    Mid Level
  • Accounting & Tax

AI generated summary

  • You should be a CA with 3+ years' experience, strong accounting knowledge (Ind AS/IFRS), ERP proficiency, and good communication skills. Be prepared for audits and financial reporting responsibilities.
  • You will assist in accounting functions, maintain the general ledger, conduct reconciliations, develop financial reports, and ensure compliance with audit specifications while supporting management decisions.

Requirements

  • Preferred qualification: CA
  • IC2 - Minimum 3 Years Of Post-qualification Experience.
  • Strong accounting fundamentals: Sound knowledge of accounting and reporting Standards (eg. Ind AS/ IFRS) and ability to interpret, assimilate and apply the standards/concepts in real life scenarios. Prior hands-on working knowledge will be an added advantage.
  • Working knowledge in an ERP environment
  • High level knowledge of various laws and compliance requirements thereof, governing the country operations
  • Review and approval of journal entries and perform monthly / quarterly reporting submissions to corporate as per the Global close guidelines.
  • Monthly review of the financial position of the legal entities assigned including the operating cash flows and liaising with Treasury / Tax on the intercompany settlements.
  • BS recs review on a monthly basis and driving resolution of aged open items liaising with various internal teams and timely risk reporting on P&L exposure to management
  • Ensure critical issues are addressed on priority & appropriate remedial action initiated and streamline the go-forward process.
  • Ensure timely and qualitative audit completion (entity Statutory Audit, tax Audits, USGAAP group audit, internal and SOX audits)
  • Preparation of financial statements and notes to accounts including variance analysis with detailed explanations as well as Board pack covering financial highlights
  • Maintaining a clear trail of all STAT adjustment entries and STAT schedules.
  • Preparing reconciliation between US GAAP and local GAAP and initiate necessary steps to bridge the balances as required.
  • Maintain the country exceptions document up to date by reviewing the current process vis-à-vis the changes, if any, driven by local regulatory requirements
  • Reasonably good verbal and written communication skills - ensure stakeholder queries / adhoc requests are appropriately addressed on time without any delay there by avoiding escalations.
  • Actively participate in various country level, regional, global projects as may be assigned

Responsibilities

  • As a member of the finance division, you will assist in accounting functions which may include general ledger, accounts payable, accounts receivable, fixed assets, and inter-company transactions.
  • Maintain the general ledger to include the preparation of journal entries, analysis, reconciliation and reporting.
  • Maintain and implement general accounting systems.
  • Conduct account reconciliation periodically, ledger close activities, and provide accurate financial data to support management in decision making.
  • Develop and prepare financial reports including profit and loss, income and balance sheet statements.
  • Review and analyze inter-company transactions.
  • Ensure all journal entries comply with internal and external audit specifications.
  • Participate in the ongoing development and maintenance of internal procedures and processes.
  • May participate in special projects.

FAQs

What qualifications are required for the Assistant Financial Controller position?

A Chartered Accountant (CA) qualification is preferred, along with a minimum of 3 years of post-qualification experience.

What are the key responsibilities of the Assistant Financial Controller?

The key responsibilities include maintaining the general ledger, preparing journal entries, conducting account reconciliations, reporting financial data, and ensuring compliance with internal and external audit specifications.

Is prior experience in an ERP environment necessary for this role?

Yes, a working knowledge in an ERP environment is required for the Assistant Financial Controller position.

What reporting standards should candidates be familiar with?

Candidates should have sound knowledge of accounting and reporting standards such as Ind AS/IFRS and the ability to interpret and apply these standards in real-life scenarios.

Are communication skills important for this role?

Yes, reasonably good verbal and written communication skills are essential to ensure stakeholder queries and ad hoc requests are addressed timely.

Will the Assistant Financial Controller participate in company projects?

Yes, the Assistant Financial Controller will actively participate in various country-level, regional, and global projects as assigned.

What is the career level for this position?

The career level for the Assistant Financial Controller position is IC2.

Does Oracle offer opportunities for community involvement?

Yes, Oracle encourages employees to give back to their communities through various volunteer programs.

What benefits does Oracle provide to its employees?

Oracle offers a highly competitive suite of employee benefits, including flexible medical, life insurance, and retirement options, designed on the principles of parity and consistency.

What is Oracle's stance on diversity and inclusion in the workplace?

Oracle is committed to expanding its inclusive workforce that promotes diverse insights and perspectives, ensuring everyone’s voice is heard.

Information Technology & Services

Technology
Industry
10,001+
Employees
1977
Founded Year

Mission & Purpose

We’re a cloud technology company that provides organizations around the world with computing infrastructure and software to help them innovate, unlock efficiencies and become more effective. We also created the world’s first – and only – autonomous database to help organize and secure our customers’ data. Oracle Cloud Infrastructure offers higher performance, security, and cost savings. It is designed so businesses can move workloads easily from on-premises systems to the cloud, and between cloud and on-premises and other clouds. Oracle Cloud applications provide business leaders with modern applications that help them innovate, attain sustainable growth, and become more resilient. The work we do is not only transforming the world of business--it's helping defend governments, and advance scientific and medical research. From nonprofits to companies of all sizes, millions of people use our tools to streamline supply chains, make HR more human, quickly pivot to a new financial plan, and connect data and people around the world. At work, we embrace diversity, encourage personal and professional growth, and celebrate a global team of passionate people developing innovative technologies that help people and companies tackle real-world problems head-on.