Oracle Hiring for Accountant 3-Fin at BENGALURU, India Full Time

Job Description

Maintain general accounting systems, policies, and procedures to ensure that proper information is reported in accordance with Generally Accepted Accounting Principles.

Role:

Senior Assistant Financial controller is responsible for Financial accounting, statutory audit, Internal audits, Management reporting and responsible for compliance of the legal entity. The Senior Assistant Financial controller will support the Financial controller by independently taking judgment and recommending actions while managing USGAAP closure, Statutory accounts, Financial reporting, risk reporting, regulatory compliance of the legal entity that they manage. They will support Financial Controller in carrying out the Fiduciary responsibility for compliance and protecting the interest of the legal entity. Ability to work in a matrix organization and drive the requirement.

Key Responsibility Areas

1. Maintenance of Books of accounts – (US GAAP / Local GAAP)

2. Adhere to corporate deadlines for submission & reporting

3. Adherence to monthly close calendar published by corporate

4. Timely review of financials and reporting

5. Quarterly reporting

6. Review of income statement (Opex)

7. Review of balance sheet

8. Representation letter signoff

9. Reporting’s related to 10K, 10Q and other SEC reporting purpose

10. Balance sheet reconciliation review on a monthly basis and timely clean and reporting on any P&L Exposure.

11. Ensure the books of accounts are correct

12. Analyze the accounts for reasonableness

13. Review with Regional controller and Lines of Business

14. Ensure critical issues are addressed and remedial action taken. Address the go forward process.

15. Compliance with Oracle policies

16. Implement policy/process changes and Pro-actively communicate process exceptions & bottlenecks to Senior Management / Stakeholders, as required

17. Entity Compliance

18. 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.

19. Ensure all the compliances are take care including managed by other LOB’s.

20. Ensure any new compliance requirement are take care.

21. Controller would be overall responsible for the entity.

22. Coordination & complying with all audit requirements

23. Internal Audit

24. SOX

25. USGAAP Audit

26. Statutory Audit

27. Tax Audit

28. Conducting periodic review calls with all stakeholders

Ensure that the audit per the Local GAAP is completed on time and filed with relevant authorities

1. Ensuring all requirements from Auditors & Tax Consultants are met

2. Ensure the final audit & statute timelines are met.

3. Maintenance of Key accounting matters

4. Preparation of financial statements and notes to accounts including variance analysis with detailed explanations

5. Preparation of Board pack covering financial highlights

6. Maintaining a clear trail of all STAT adjustment entries and STAT schedules.

7. Preparing reconciliation between US GAAP and local GAAP and initiate necessary steps to bridge the balances as required.

8. 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

9. Stake holder (Business, Tax, Legal, GBF, Other lines of business, etc.,) Relationship Management

10. Interacts with stakeholders through regular reviews to resolve their queries and follow-up till resolution

11. Handles critical communication and issues related to process with stakeholders

12. Builds and maintains long term relationship with the stakeholders

13. Mergers & Acquisition related tasks in coordination with regional M& A team

14. Coordinate with regional M&A team for any new acquisition to work on due diligence, migration of balance, Asset Purchase Agreement etc.

15. Collaborate with Tax team to ensure that the merger structuring and accounting are in compliance with the Country laws.

16. Study the impact of acquisition for Statutory requirements.

17. Identify areas for processing GW adjustment entries.

18. Clearing the old o/s items on the earlier acquisitions.

19. Process documents, country exception updation and periodical review

20. Creation of documents for new process

21. Updating and validating the documents vis-à-vis existing process

22. Identifying and updating process and country exception

23. Update the SRG for the statutory audit completed

24. Process improvement & Organization initiatives

25. Executes quality projects as per the instruction

26. Assists in identifying and reducing non-value add activities

27. Best practice implementation for Local / US GAAP

28. Actively participate in various country level, regional, global projects as may be assigned

Preferred qualification: Chartered Accountant

IC3 – 3 to 5 years of post-qualification experience

1. Strong accounting fundamentals: Sound knowledge of Accounting and reporting Standards (eg. Ind AS/ IFRS) and ability to assimilate, interpret and apply the standards/concepts in real life scenarios.

2. Working knowledge in an ERP environment. Knowledge on ERP/ tools like Consolidation tools, Reconciliation tools, Analytical tools etc. would be an added advantage.

3. High level knowledge of Corporate and Taxation laws

4. Reasonably good verbal and written communication skills

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.

About Us

An Oracle career can span industries, roles, Countries and cultures, giving you the opportunity to flourish in new roles and innovate, while blending work life in. Oracle has thrived through 40+ years of change by innovating and operating with integrity while delivering for the top companies in almost every industry.

In order to nurture the talent that makes this happen, we are committed to an inclusive culture that celebrates and values diverse insights and perspectives, a workforce that inspires thought leadership and innovation.

Oracle offers a highly competitive suite of Employee Benefits designed on the principles of parity, consistency, and affordability. The overall package includes certain core elements such as Medical, Life Insurance, access to Retirement Planning, and much more. We also encourage our employees to engage in the culture of giving back to the communities where we live and do business.

At Oracle, we believe that innovation starts with diversity and inclusion and to create the future we need talent from various backgrounds, perspectives, and abilities. We ensure that individuals with disabilities are provided reasonable accommodation to successfully participate in the job application, interview process, and in potential roles. to perform crucial job functions.

That’s why we’re committed to creating a workforce where all individuals can do their best work. It’s when everyone’s voice is heard and valued that we’re inspired to go beyond what’s been done before.

Oracle is an Equal Employment Opportunity Employer * . All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability and protected veterans’ status, or any other characteristic protected by law. Oracle will consider for employment qualified applicants with arrest and conviction records pursuant to applicable law.

* Which includes being a United States Affirmative Action Employer