Accountant

Accountant

Job Description:

The Team:

India finance team is an exciting and challenging place that manages and / or executes the stewardship, control, reporting, tax compliance and decision support functions for the India region. The team touches almost every operational area of the organization with almost every activity translating into financial actions, implications or decision support.

A gist of various activities performed by the team:

Accounting and validations: Accounts Payable, Accounts Receivables, Revenue accounting and reconciliation, expense accruals , Petty Cash, Expense accounting, Employee reimbursements, Intercompany cross charge, Monthly and periodic reporting Compliances: Income Tax, including corporate tax, transfer pricing, withholding taxes; GST Compliances; RBI compliance and Compliance support to other functions such as secretarial and T&C (other payroll taxes) Payroll processing and accounting involving Decision support on various organizational options, providing commercial-legal support Ensuring financial controls and risk management framework Dissemination of financial and management information Budgeting / forecasting Banking operations

Responsibilities:

The role will be participating in a combination of the following activities as assigned from time to time

Accounting and Controlling

Ensure that the global guidelines on accounting and reporting are adhered and complied with.

Assist in timely monthly closure of books of accounts with ensuring completeness and accuracy in accordance with US GAAP.

Assist in various areas of accounting operations as assigned from time to time like Billing, A/R, A/P, GL accounting, Revenue Recognition and Accounting for expenses.

Design, implement and present report on the physical verification of fixed assets

Fixed Assets reconciliation with physical verification findings, reconciliation between US GAAP ledger and Indian GAAP, reconciliation with system reports/

Coordinate and provide necessary guidance to the Financial Shared services team and work with them on processes from time to time.

Preparation and analysis of monthly financials for ensuring completeness and accuracy of financial numbers and preparation of account reconciliations.

Identify and help implement process improvements, accounts clean up, modifications or system enhancements.

Establish / improve documentation for accounting processes.

Management information

Generating periodic information as should be relevant from controls and financial oversight perspective.

Support the FP&A team with details needed on various processes.

Controlling

Ensure adherence to control processes, identify gaps and rectify.

Review relevance of controls at periodic intervals

Tax and Compliance

Preparation of monthly TDS payable reconciliation ensuring compliance with income Tax laws.

Preparation and filings of necessary reports with the RBI for compliance and responding to the AD on branch specific queries.

Ensuring compliance with Indirect tax laws (GST) involving monthly return filing, refund applications and providing consultants with the required data/support.

Ensuring compliance with transfer pricing law involving preparation and review of transfer pricing (3CEB) annexures and review of Transfer pricing report.

Audit assistance

Assist in preparation and audits of financial statements in coordination with the Statutory auditors for adherence with accounting standards & guidelines as required by local laws.

Assist in providing information as per required schedules provided for statutory and tax audit and work with the auditors on query resolution.

Presentation of the financial statements to the stakeholders.

Ensure timely submission of financial statement to the board and filling with the local authorities.

Requisites:

Functional skills:

Good understanding of accounting principles Working knowledge and basic understanding of Direct and Indirect tax provisions as applicable in India Excellent organizational, problem-solving and communication skills Logical, analytical and process oriented Knowledge of Oracle 11i / R12 and / or Hyperion preferable, else work experience in another ERP required will also be considered. Working level expertise in Excel is a must. Ability to take ownership and adherence to timelines.

Soft skills

A team player – ability to manage the team through coordination rather than coercion. Organized – Planning the execution before due dates. Communications – The incumbent needs to have excellent communication skills to be able to explain aspects in a clear and timely fashion.

Qualifications and Experience:

Post-qualification experience CA with 1-2 years’ experience in industry

Morningstar is an equal opportunity employer

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

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