Officer - Accounts and Internal Control

Position: Officer/ Executive - Accounts & Internal Control

Department: Finance & Control (Financial Accounting & Reporting)

Location: Gurugram

Main objectives / Purpose of Job
- Drive PEC activities and preparation and reporting of Group Financials in compliance with Nestle Accounting standards (NAS) and Nestle Internal Balance sheet standards (NIBS) and other accounting and reporting requirements for Group reporting purposes
- Provide support to functions and business in the Markets on implementation and compliance of Internal Control framework, and serve as Internal Control Single Point of Contact (IC SPOC) to stakeholders such as Regional ICCC, Global ICOS, External / Internal Audit

Key Outputs:

Preparation and reporting of company's financials and entity level accounting activities for reporting to the Group

 - Driving compliance with IFRS based Nestle Accounting standards (NAS) and Nestle Internal Balance sheet standards (NIBS) and other accounting and reporting requirements for Group reporting purposes.                                               

 - Supporting closure of external audit                                             

 - Effective coordination for execution of period end close (PEC) activities including PEC alignment with F&C Stakeholders in Market/ NBS, Scheduling activities and for timely completion of accounting entries in SAP. preparation of Group (Vevey) Financials in line with NAS/ NIBS requirements, Preparing Variance Analysis for comparative periods                            

- Preparation of Financials statements for Group consolidation.                                                    

- Preparing management commentary and variance analysis with comparative periods for reporting to Group as well for local statutory reporting

Performing Internal Control Activities

 - Monitor and ensure Role Access controls (SOD, Market Residual roles, High Sensitive Roles etc. -->   Trigger local role improvement activities, helping business identify improvement areas,  ensure compensating controls for SOD access and process controls transferred to business streams, understood and executed by them" 

- Perform Data Analytics Reviews (ex : Key Risk Indicators, Balance sheet  Integrity)--> Ensuring thorough validation of exceptions, root cause analysis and sustainable actions plans setting to avoid potential risks

- Driving specific process reviews for simplification  and strengthening internal controls - Identify risk prone activities and drive independent internal control reviews of  E2E processes/ activities to evaluate impact of changes/ new solutions from risk and control perspective and suggest remedial actions; plug gaps highlighted by Internal audit pro-actively             

Driving Risk and Control Assessment and monitor control effectiveness                                              

 - Control Manager Repository maintenance and assessment - Regular updation of control manager repository (with new business process/ activities, global R&Cs, Control attributes etc.) forming base of ICOFR testing, drive the timely completion of quarterly Control manager assessments and reduction in recurring failed controls       

- Validation and localization of Global E2E Risk & Controls required by Group - Play the role of a proactive driver, validate risk and control assessments; not only moderating discussions, but tangibly helping Business in mapping risks and ensuring efficient controls which adds value to business   

Compliance of Internal Control Over Financial Reporting as per Companies Act

 - Support successful ICOFR compliance and certification - E2E facilitation and co-ordination of ICOFR testing exercise for external auditors; query resolution; giving data and explanations; closure of audit observations ; Co-ordinating & ensuring completion of management testing of controls (internal)                                        

Re-inforce Discipline and Internal Control Culture in all Employees                                                      

 - Conduct periodical Internal Control Awareness sessions and issuance of Flyers/ Communications- To re-iterate and re-inforce strong control culture & compliance amongst cross functional stakeholders, Effective engagement/ communication with Internal & External Stakeholders

Key Relationships Internal to Nestlé Group: (shared / conflicting interests)

Market F&C & Non F&C Depts

Key Relationships External to Nestlé Group (shared / conflicting interests)

External Auditors - Understand and furnish audit requirements

External Consultancies - Seek advise on current Internal control landscapes, Risk & Compliance related activities, Accounting and Reporting related support

Key Experiences Required:

1) Prior experience in Finance & Control Role (preferably Audit, Accounting and Reporting) with operational knowledge of E2E processes such as Record to Report (Accounting Operations), Order to Cash (Accounts Receivable), Source to Pay, etc. 

2) Good Understanding of relevant accounting standards (IND AS, IFRS etc.) and relevant reporting requirements (e.g. Sch III) for listed entities and ensuring necessary compliances  

3) Self motivated and take independent Initiatives with strong internal control mindset to perform audits, process reviews, spot checks etc. with ability to identify issues pro-actively, their root causes and propose sustainable solutions which adds value to business

4) Working experience within ERP environments e.g .SAP relating to accounting activities and reports extraction as well working on automated applications 

5) Good communication skills and language proficiency

Nestlé  is committed to providing equal opportunities without any discrimination on the grounds of age, color, disability, origin, nationality, religion, race, gender, or sexual orientation. We are an equal opportunity employer, and we value diversity at our company. For any reasonable accommodation in the recruitment process for persons with disabilities, kindly reach out to your recruiter. Reasonable accommodation includes any appropriate modifications to ensure that persons with disabilities are provided an equal platform in the recruitment process.