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Analyst - Accounting and Reporting

Date: Sep 23, 2022

Location: Hyderabad, IN, 500081

Company: IFF Family of Companies

Req Id: 419181

Job Description

Are you passionate about service excellence? Would you love to work for a global organization that is doing more good for people and planet?


IFF is a global leader in food, beverage, health, biosciences and sensorial experiences. We are now seeking a highly motivated and results driven individual to join our Finance function as Analyst.

 

Your Focus
As Analyst, at our Finance Shared Service Center in Hyderabad, India, you will be responsible for performing the role of accountant role for a variety of subsidiaries. You will manage responsibilities for overall data integrity of items such as the subsidiary’s financial statements, USGAAP compliance, client satisfaction, cross process coordination, account reconciliation coordination, individual reconciliation responsibilities as well as being a focal point for audits support, income statement forecasting, and other related duties.


The role reports to Senior Manager Operations Finance.


How you will Contribute

  • Ensure the integrity of the financial statements for the legal entity. This is achieved by defining accounting procedures in compliance with local accounting policies, running SAP reports required to review Income Statement, Balance Sheets and Trial Balances, performing account reconciliations, analyzing trends and completing fluctuation analysis, comparing USGAAP and local books and analyzing differences, follow-up on unusual items, reviewing and approving significant or unusual accounting entries, ensure corrections required are correctly recorded, etc.
  • Perform account reconciliations, review and approve the account reconciliations performed by the members of the team. In addition, the accountant will periodically request to see the reconciliations prepared by other Finance departments.
  • Act as focal point for external financial and statutory filings necessary to meet internal auditing and governmental requirements, in compliance with USGAAP and local accounting principles and with various laws and official requirements. Incomplete or missing data can cause serious consequences.
  • Ensure timely and successful completion of the external audit of the Financial Statements by acting as focal point for communications with the client, ensuring information required by the auditors/client is provided on time, participating in review meetings, answering audit comments if needed, etc.
  • Responsible for producing the Income Statement Forecast (ISF) at a legal entity level. This is achieved by coordinating the efforts of the different processes and businesses required to meet the Income Statement Forecast requirements. The ISF is a key element for Tax to estimate the corporate tax rate and tax provision and for Treasury to plan cash flow and dividend distributions.
  • Act as consultant to Area sub-process Controllers and other Finance processes in the region on financial accounting and internal control matters.
  • Coordinate the completion of Regional year-end schedule packages for Corporate Controllers required to comply with information to be reported to the Security Exchange Commission.
  • Understanding on employee related liabilities and their accounting treatment.
  • Analyze the calculations for appropriateness and process the journal requests received from payroll operations. 
  • Coordinate the Financial and Statutory requirements related to compliance with SOX rules and Internal Control self-assessments.
  • Prepares quarterly reporting of foreign debt required by Central Bank regulations and necessary to be able to process payment of imports.
  • Coordinate statutory presentations and responses to information requirements from the Companies Inspection Board related to Financial Statements and legal books in electronic format.

Job Requirements

What you will need to be successful 

  • Qualified CA or any additional qualifications would be an added advantage.
  • Atleast 3 to 5 years of experience with preferably a managerial role with a medium to large organization. 
  • Knowledge of BPM processes quality systems, tools and best practices, critical to transactional effectiveness (e.g. Workflow, 6 sigma, complaint / case management processes etc.) would be an added advantage.
  • Good communication skills, both verbal and written.
  • Ability to identify root causes of issues and discover/implement practical solutions.
  • Open to and proposes new ideas to improve existing work processes.
  • Helps drive change to reduce complexity.
  • Use customer/client information to improve work processes.
  • Capable to challenge status quo for process improvement.
  • Flexibility to operate in shifts.

 

At IFF, we believe that your uniqueness unleashes our potential. 

 

We value the diverse mosaic of the ethnicity, national origin, race, age, sex or veteran status. We strive for inclusive workplace that allows each of our colleagues to bring their authentic self to work regardless of their religion, gender identity & expression, sexual orientation, or disability. Visit IFF.com/careers/workplace-diversity-and-inclusion to learn more