Job Description

Job Overview

About the Role:

The Record to Report (R2R) Associate will play a crucial role within the OSTTRA Finance Team, focusing specifically on the accurate and timely closure of operating costs in the ledger. This position requires a good understanding of the underlying business and accounting principles, along with a keen attention to detail to support the integrity of financial records. The successful candidate will primarily be responsible for the preparation and posting of month-end journals (Accruals, Prepayments, Provisions, Reclassification), Reconciliations & Substantiation.

The Team:

Osttra Finance Team is based out of the UK, India, Penang, Sweden and US. It is an entrepreneurial team, who is highly energetic, flexible, dynamic and works beyond boundaries to deliver the real values. We are standing up an independent global finance team.

Location:

Gurugram, India

Working Hours:

India Hours (the candidate must be flexible to support UK hours)

Responsibilities and Impact:

Role and responsibilities of an Associate - Record to Report

The Associate is responsible for ensuring the accurate and timely closure of general ledger encompassing several duties, including but not limited to:

Month-End Close: Responsible for preparing and posting the recurring and ad hoc month-end journals, including accruals, prepayments, reclassifications, and provisions, ensuring adherence to the month-end closing calendar. Reporting: Assisting the manager in creating and maintaining the reports in SAP to support the management reporting. Internal Controls: Executing month-end processes in compliance with local policies and the internal financial control process at OSTTRA. Reconciliation & Substantiation: Supporting sub-ledger to general ledger reconciliation and preparing substantiation files for month-end journals and balance sheet accounts related to operating costs to ensure accuracy. Audit Support: Supporting internal and external audit requirements by gathering, organizing, and providing clear documentation. Process Improvement: Proactively identifying opportunities to enhance and streamline accounting processes, leveraging automation and best practices to improve efficiency and accuracy. Initiatives / Projects: Assisting manager by supplying the underlying dataset to support the initiatives or projects related to system changes / business drivers. Stakeholder Management: Collaborate effectively with immediate team members and internal finance functions (e.g., Accounts Payable, General Ledger, Fixed Assets & Revenue) to resolve operational queries and ensure timely data flow.

What We're Looking For:

Basic Required Qualifications:

To be successful in this role, the Record to Report Associate must possess a mix of Technical & Professional competencies. They must be adept at:

Experience: 4-6 years of relevant experience in an accounting or finance role, with demonstrated experience in general ledger and month-end closing activities. Accounting Acumen: Fundamental understanding of accounting principles (US GAAP) and experience with operating costs accounting is an added advantage. Teamwork: A collaborative and cooperative attitude, with the ability to work effectively with cross-functional teams. Communication: Good verbal and written communication skills, with the ability to highlight the operational / financial information clearly in daily huddle / team meetings. Analytical skills: Good ability to analyse financial data, identify trends, and explain variances. Attention to Detail: A meticulous and accurate approach to preparing and reviewing financial data, reconciliations, and journal entries. Problem-solving: Proactive and solution-oriented mindset for identifying and flagging operational issues.

Technological proficiency:

Strong proficiency in Microsoft Excel (VLOOKUP, pivot tables, advanced formulas) and experience with ERP systems (e.g., SAP, Oracle).

Qualifications:

Graduate in Finance, MBA Finance is preferred. Experience with month-end close procedures and financial reporting.

Our benefits include:

Health & Wellness: Health care coverage designed for the mind and body. Flexible Downtime: Generous time off helps keep you energized for your time on. Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills. Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs. Family Friendly Perks: It's not just about you. OSTTRA has perks for your partners and little ones, too, with some best-in class benefits for families. Beyond the Basics: From retail discounts to referral incentive awards--small perks can make a big difference.

About OSTTRA



Launched in 2021, OSTTRA unites four businesses that have been at the heart of post-trade evolution and innovation for over 20 years: MarkitServ, Traiana, TriOptima and Reset.

With an outstanding track record of developing and supporting critical market infrastructure, our combined network connects thousands of market participants to streamline end to end workflows - from trade capture at the point of execution, through portfolio optimisation, to clearing and settlement.

Joining the OSTTRA team is a unique opportunity to help build a bold new business with an outstanding heritage in financial technology, playing a central role in supporting global financial markets. Learn more at www.osttra.com.