Associate Director Financial Management Reporting

Year    Chennai, Tamil Nadu, India

Job Description


About Us

Olam International is a leading food and agri-business supplying food, ingredients, feed and fibre to over 19,800 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of 4.8 million farmers. Through our purpose to \'Re-imagine Global Agriculture and Food Systems\', Olam aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders. Headquartered and listed in Singapore, Olam currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.

Olam Information Services (OISL) is a captive subsidiary of Olam International, Singapore offering IT Services & Global Business Services across its operations in 65 countries in Asia, Africa, EU & Americas. In Chennai, we currently have onboard more than 1000 highly motivated employees. Olam Digital has received International Innovation Award 2019 for Best Services and Solutions.

Olam Global Business Services (OGBS) is a captive unit that offers End to End business process and analytics solutions. OGBS currently offers its solutions in 6 Platforms: Finance, Supply Chain, People services, Risk & Market Compliance, Big Data Analytics and Business Intelligence. At this moment, OGBS is located in City of Chennai, India and provides its services to over 20 countries. Olam GBS has received Best Shared Services in India Award - 2019, by Shared Services Forum and Asia\'s No.1 Shared Services in Process Improvement and Value Creation, 2019 by Shared Services and Outsourcing Network Forum.

Job Summary

The incumbent is expected to perform a variety of Finance and Accounting operations role including preparation of budget and operating plans, analyzing and reporting actual vs. forecast numbers, reviewing and analyzing cost and related trends. S/he is responsible to manage all the areas under Financial and Management Reporting like General Ledger, Fixed Assets, Cash Management, Payables and Receivables etc., with a team of finance leads and specialists.


  • Ensure that the roles and responsibilities in the month closing and reporting process (including a required understanding of the entity\'s operations and appropriate accounting knowledge) are clearly defined, documented, updated, and communicated to counterparts on a timely basis
  • Ensure that financial statements of the Entity/BU handled adhere to accounting policies defined by the Corporate and any changes thereof from time to time and any exceptions identified are clearly highlighted to onsite teams
  • Application of the entity\'s accounting policies to each non-routine event or transaction is independently reviewed for appropriateness and ensures any exceptions are highlighted to business on an immediate basis. Unusual items and exceptions are investigated and properly resolved/recorded in the general ledger in the appropriate accounting period
  • All intercompany transactions and balances are identified, reconciled, and appropriately eliminated in consolidation in the appropriate accounting period
  • All Profit Centre, Cost Centre and GL Accounts of the Entity are mapped as per standard chart of accounts
  • Supports the annual budget and operating plan preparation, reviewing and analyzing cost and related trends, conduct analysis and reporting of actual Vs. forecast numbers
  • Ensure month close and reporting process (review) is well established and documented
  • Ensure adherence to Timeline and Accuracy SLAs and meet internal / corporate deadlines.
Profile Description
  • Qualified Chartered Accountant with at least 10 years of experience in an FMCG/Food Processing industry
  • Hands-on experience in all RTR areas in SAP - general ledger, fixed assets, cash management, accounts payable, accounts receivable etc.
  • Good understanding of SAP FI, CO, CO-PA & interdependencies
  • Excellent knowledge of FP&A and commercial operations in a FMCG set up
  • Thorough understanding of standard costing in manufacturing and ability to work as a supply chain finance partner - cost accounting qualification in addition to CA, is a clear advantage
  • First-hand experience on multiple entity financial consolidation; understanding of eliminations and specific consolidation journal entries
  • Value stream mapping/productivity projects experience in shared services centre
  • Should be a self-starter and be able to manage critical business transformation projects independently
  • Good communication and interpersonal skills; ability to manage multiple stakeholders - flexibility to work in different shift hours as and when needed to be able to handle stakeholder from multiple geographies
  • Willingness to travel (for shorter duration and during transitions), flexibility to stretch during month-end/year-end closures, excellent analytical capabilities and ability to manage a team of 15-20 members are all essential attributes.
Olam is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, nationality, disability, protected veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law.

Applicants are requested to complete all required steps in the application process including providing a resume/CV in order to be considered for open roles.

Olam

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Job Detail

  • Job Id
    JD3023003
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Chennai, Tamil Nadu, India
  • Education
    Not mentioned
  • Experience
    Year