Process Lead- Financial Control

About the Opportunity

Job Type : Permanent

Application Deadline : 12 January 2025

Title

Process Lead - Financial Control

Department

Financial Control

Location

Gurgaon

Reports To

Senior Manager - Financial Control

Level

About Fidelity International

Fidelity International offers world class investment solutions and retirement expertise. As a privately owned, independent company, investment is our only business. We are driven by the needs of our clients, not by shareholders. Our vision is to deliver innovative client solutions for a better future.

Our people are passionate, engaged, smart and curious, and we give them the independence and the confidence to make a difference. While we take pride in the excellence of our investment solutions and client service, we know we can always do better. We are honest, respectful and make tough calls, challenging the status quo to achieve better outcomes through innovation. Above all else, we always put our clients first.

Department Description

The financial control team is responsible for month-end closing, board reporting, CFO reporting and regulatory reporting for the legal entities. The team is also responsible for providing management information, monitoring risks & controls, ensuring compliance with the financial regulations of the local regulators, etc.

Finance Services in India supports Financial Services, Group and some parts of Eight Roads and Canada businesses. Core activities for Financial Planning & Analysis, Financial Control and Procure to Pay are centralized with an aspiration to accelerate finance for future.

Purpose of your Role and Key Responsibilities

You will be primarily responsible for leading Intercompany capability hub team and its significance in Legal Entity Controllership. This covers working with Regional controllers and Group Control team on all inter-company matters.

Key responsibilities for the role are as follows :

• Work with Treasury for finalizing Net Settlement numbers for FIL Group of entities
• Performing Intercompany accounting entries through AP / AR and GL module for settlement of monthly IC balances
• Performing Direct cost recharge for FIL Group of entities
• Resolves intercompany variances (exceeding the threshold) within month-end reporting timelines
• Performs preliminary and final Intercompany reconciliations for all locations
• Works with appropriate accounting contact persons for Intercompany transactions not going through CFP
• Month end governance on all Intercompany account balances and resolves breaks at Entity ICP level.
• Preparing Loan walks and currency wise exposures analysis for Inter-company accounts.
• Dealing with ad-hoc queries from stakeholders and finance community. This will include assisting with handling internal or external reporting and other financial analysis.
• Ensure the year-end audit process related to Intercompany balances with different counter parties happens smoothly and in a timely manner.
• Responsible for maintaining a constructive and professional relationship with similar onshore grade levels as well as other key onshore and offshore stakeholders.
• Responsible for maintaining up to date procedure & governance documentations.
• Work closely with the global financial control teams across UK, Europe, Asia and India.
• Work on key initiatives based on business requirements. Identify, design, and implement process improvement initiatives for increased efficiency.

Experience and Skills Required Technical

Essential Skills

Feel rewarded

For starters, well offer you a comprehensive benefits package. Well value your wellbeing and support your development. And well be as flexible as we can about where and when you work finding a balance that works for all of us. Its all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com .

Locations - Gurgaon Office