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Assistant Financial Controller
Oracle
posted 12d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
The 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 :
- Maintenance of Books of accounts - (US GAAP / Local GAAP)
- Adhere to corporate deadlines for submission & reporting
- Adherence to monthly close calendar published by corporate
- Timely review of financials and reporting
- Quarterly reporting
- Review of income statement (Opex)
- Review of balance sheet
- Representation letter signoff
- Reporting related to 10K, 10Q and other SEC reporting purpose
- Balance sheet reconciliation review on a monthly basis and timely clean and reporting on any P&L Exposure.
- Ensure the books of accounts are correct
- Analyze the accounts for reasonableness
- Review with Regional controller and Lines of Business
- Ensure critical issues are addressed and remedial action taken. Address the go forward process.
- Compliance with Oracle policies
- Implement policy/process changes and Pro-actively communicate process exceptions & bottlenecks to Senior Management / Stakeholders, as required
- Entity Compliance
- 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.
- Ensure all the compliance are taken care including managed by other LOB s.
- Ensure any new compliance requirement are take care.
- Controller would be overall responsible for the entity.
- Coordination & complying with all audit requirements
- Internal Audit
- SOX
- USGAAP Audit
- Statutory Audit
- Tax Audit
Ensure that the audit per the Local GAAP is completed on time and filed with relevant authorities
-
- Conducting periodic review calls with all stakeholders
- Ensuring all requirements from Auditors & Tax Consultants are met
- Ensure the final audit & statute timelines are met.
- Maintenance of Key accounting matters
- Preparation of financial statements and notes to accounts including variance analysis with detailed explanations
- Preparation of Board pack covering financial highlights
- Maintaining a clear trail of all STAT adjustment entries and STAT schedules.
- Preparing reconciliation between US GAAP and local GAAP and initiate necessary steps to bridge the balances as required.
- Maintain the country exceptions document up to date by reviewing the current process vis- -vis the changes, if any, driven by local regulatory requirements
- Stake holder (Business, Tax, Legal, GBF, Other lines of business, etc.,) Relationship Management
- Interacts with stakeholders through regular reviews to resolve their queries and follow-up till resolution
- Handles critical communication and issues related to process with stakeholders
- Builds and maintains long term relationship with the stakeholders
- Mergers & Acquisition related tasks in coordination with regional M& A team
- Coordinate with regional M&A team for any new acquisition to work on due diligence, migration of balance, Asset Purchase Agreement etc.
- Collaborate with Tax team to ensure that the merger structuring and accounting are in compliance with the Country laws.
- Study the impact of acquisition for Statutory requirements.
- Identify areas for processing GW adjustment entries.
- Clearing the old o/s items on the earlier acquisitions.
- Process documents, country exception updation and periodical review
- Creation of documents for new process
- Updating and validating the documents vis- -vis existing process
- Identifying and updating process and country exception
- Update the SRG for the statutory audit completed
- Process improvement & Organization initiatives
- Executes quality projects as per the instruction
- Assists in identifying and reducing non-value add activities
- Best practice implementation for Local / US GAAP
- Actively participate in various country level, regional, global projects as may be assigned
Preferred qualification: Chartered Accountant
- 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.
- Working knowledge in an ERP environment. Knowledge on ERP/ tools like Consolidation tools, Reconciliation tools, Analytical tools etc. would be an added advantage.
- High level knowledge of Corporate and Taxation laws
- Reasonably good verbal and written communication skills
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Assistant Finance Controller roles with real interview advice
What people at Oracle are saying
Rating based on 5 Assistant Finance Controller
reviews
Anonymous · Other
in Bangalore / Bengaluru
Likes
Culture is good and you will get work life balance also
- Salary - Excellent+5 more
Dislikes
Appraisals and promotion takes time
- Promotions - Poor
Assistant Finance Controller salary at Oracle
reported by
58
employees
with 1-6
years exp.
₹10
L/yr - ₹15
L/yr
17%
less
than the average Assistant Finance Controller Salary in India
View more details
What Oracle employees are saying about work life
based on 5.1k employees
Flexible timing
Monday to Friday
No travel
Day Shift
Oracle Benefits
Submitted by Company
Career development and internal mobility Health and well-being Financial security Benefits that suit your lifestyle
Submitted by Employees
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