Director, Accounting Department

Year    Bengaluru, Karnataka, India

Job Description


POSITION SUMMARY:
The incumbent will be responsible for the financial statements of a key segment of the company, including preparing and maintaining the financial records, day to day accounting and contributing to internal management reporting. This role will also maintain a strong control environment to ensure accuracy of financial information and compliance with Sarbanes-Oxley internal control over financial reporting.
JOB FUNCTIONS AND RESPONSIBILITIES:

  • Summarize and report the statement of operations, financial position and changes in financial position and other financial information related to Ocwen\xe2\x80\x99s Servicing department to both internal and external customers.
  • Partner and collaborate with Business Partners and Accounting & Reporting Controllers, business/finance contacts and Subject Matter Experts to understand and resolve the US GAAP technical requests and queries and provide leadership accordingly.
  • Review of primary financial instruments and transfer related accounting issues.
  • Collaborate and review accounting and reporting Memos.
  • Coordinate with business partners (e.g., Financial Reporting, Lending, Servicing, Valuation, Chief Investment Office, etc.) to identify, develop and communicate additions or updates to accounting policies.
  • Regularly compile updates and formulate opinions on emerging accounting issues related to lines of business for discussion with the CAO.
  • Participate in the accounting and reporting functions for Ocwen.
  • Ensure monthly closing process and account reconciliations are completed within the preset timelines.
  • Devise processes to cut down close timelines by process improvements and automation of information flow from the source to the accounting systems.
  • Assist in the development and maintenance of a system of internal controls that are Sarbanes-Oxley compliant.
  • Support Company\'s other functions within the Finance umbrella- such as Tax, Treasury, FP&A, Internal Audit, Corp Strategy, etc.
  • Supervise completion of monthly reports to management.
  • Support management and business units through the preparation of analytical reports, trend and variance analysis.
  • Direct and participate in special projects & process re-engineering efforts.
  • Facilitate cost optimization through process improvements and providing inputs to management.
  • Liaise with the internal and statutory auditors to provide timely and accurate information.
  • Leading the preparation of financials statements of the company under statutory framework of various laws.

QUALIFICATIONS:
  • Accounting professional / Controller with minimum 12 years of experience; CA / CPA preferred but not required.
  • In-depth Knowledge of US GAAP accounting.
  • In-depth knowledge and strong exposure of scrutinization of general ledger and accrual process.
  • Strong knowledge of mortgage lending and servicing businesses
  • A successful track record of developing strong relationships across a broad range of leadership functions allowing the person to effectively influence and effect change.
  • Must have very strong written and verbal communication skills, with the ability to clearly and concisely translate technical accounting terms into simpler form.
  • Must have a demonstrated and proven ability to multi-task and meet deadlines in a fast-paced deadline-driven and constantly changing environment.
  • Strong people management, leadership and interpersonal skills

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Job Detail

  • Job Id
    JD3168211
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Bengaluru, Karnataka, India
  • Education
    Not mentioned
  • Experience
    Year