Designation : Manager
Location : Chennai
Timing : 9 AM to 6 PM US EST time (6 : 30 / 7 : 30 PM to 3 : 30 / 4 : 30 AM India time)
You are expected to lead the REITs fund book closure and collaborate with multiple stakeholders with a focus on automation.
The role involves managing entity financials, including monthly close processes, account reconciliation, Intercompany Eliminations, and substantiation. The role requires a strong review and control background, with the ability to manage Accounting and Controls, and work closely with auditors. The ability to understand the system architecture and manage projects will be useful.
Other skills may include the following, not necessarily limited to :
- Strong financial background, including exposure to US GAAP or IFRS.
- Postgraduate degree in finance, Accounting, or a related field.
- Excellent communication with the ability to articulate and present clearly.
- People leadership and other soft skills.
Key Responsibilities :
Prepare and present accurate and timely financial statements periodically (monthly / quarterly / annual) :
This includes balance sheets, income statements, cash flow statements, and other required reports, ensuring compliance with relevant accounting standards.Review and analyze the monthly and quarterly Net Asset Value (NAV) of real estate fundsEnsure the accuracy of the fund's financial statements in accordance with relevant accounting standardsPrepare a detailed analysis of monthly P&L variances for senior management, analyzing risks and returns, and resolving discrepancies between expected and actual returns.Manage accounting records :
This involves maintaining accurate and organized accounting records for all transactions, ensuring proper documentation and segregation of duties.Perform periodic / monthly intercompany / bank statement / balance sheet and GL reconciliations and analysis.Resolve discrepancies and respond to team / management requests.Cater to ad hoc accounting / financial reporting requests from clients & management.Collaborate with the reporting team to align the financial statements' numbers.Ensure compliance with accounting standards and regulations :
This includes understanding and applying accounting standards such as IFRS (International Financial Reporting Standards) or GAAP (Generally Accepted Accounting Principles), as well as relevant local regulations.Risk Management :
Identify, assess, and mitigate financial risks.This involves identifying potential risks to the company's financial stability, evaluating their likelihood and impact, and implementing strategies to mitigate them.Report on financial risks for senior colleagues.This ensures that senior management is aware of potential risks and can make informed decisions.Audit, Controls, and Policies :
Support the VP in the development and maintenance of a robust system of internal controls.This includes establishing policies and procedures to safeguard assets, prevent fraud, and ensure the accuracy of financial data.Regularly assess the effectiveness of internal controls.This involves taking ownership to manage risk and strengthening controls in relation to the work done.Implement up-to-date financial policies and procedures :
Coordinate with external auditors in support of audits and examinations.Background / Experience
7-12 years of accounting and financial reporting experience.MBA in Finance / Qualified CA and / or CFA (US).High proficiency in MS Excel.Experience working with accounting software is a must.Experience with Microsoft Dynamics (Business Central) ERP is a plus.Strong English skills, both written and verbal.Must have applicable accounting and financial reporting skills. Thorough understanding of General Ledger, Consolidations, and financial statements : Balance Sheet, Income Statement, Cash Flow Statement, and Partners' Capital.