Accounts Receivables, Accounts Payables, GSA, and financial transactions
Other Business Support Services:
Freight Audit, TCTO Voyage Registration, and additional logistics function
With a focus on
efficiency, cost-effectiveness, and process excellence
, IPS India continues to drive operational success for MOL's global businesses.
For further details about organization, please visit
www.mol-it.com/
Video - An Introduction to MOL-IT - YouTube
Job Summary
This role is part of
Accounting Services
, which includes
Accounts Receivables, Accounts Payables, GSA, and financial transactions
. The
Senior Executive - General Ledger (GL) & Financial Reporting
is responsible for managing
financial records, general ledger transactions, reconciliations, financial statement preparation, and compliance with financial policies
.
As a key contributor to the
accounting function
, this role ensures smooth
Record to Report (RTR) operations
, including
month-end and year-end closing, lease accounting, and process optimization
. The position involves
collaboration with global stakeholders, audit support, and continuous process improvements
. Additionally, the
Senior Executive is expected to transition into a leadership role in RTR operations
, taking on greater responsibilities in
mentorship, process transitions, and automation initiatives
.
Key Responsibilities:
Financial & General Ledger Management
Maintain
accurate and timely reconciliations
of vendor and customer accounts.
Manage
financial reports, records, and general ledger entries
to ensure accuracy.
Ensure
correct posting of fixed asset adjustments
and lease accounting transactions.
Close accounts and perform reconciliations
as part of month-end and year-end processes.
Prepare financial statements, including
P&L statements, balance sheets, and trial balances
.
Conduct
variance analysis, revenue, and expenditure assessments
to support financial planning.
Ensure compliance with
taxation, branch accounting, and internal financial policies
.
Support budgeting and forecasting activities for business decision-making.
Process & Operations
Monitor
compliance with SLAs, KPIs, and internal controls
for service delivery.
Identify and implement
process improvements and automation
in RTR operations.
Support
financial audits
by preparing and maintaining necessary documentation.
Participate in
daily huddles and governance meetings
, providing operational insights.
Maintain
audit readiness
by ensuring proper documentation and record-keeping.
Develop and update SOPs, workflow charts, and process manuals to standardize financial operations.
Collaborate with
external auditors and stakeholders
to ensure adherence to compliance and controls.
Transition & Knowledge Management
Support
knowledge transfer (KT) sessions and SOP creation
with Team Leads.
Ensure
adherence to current procedures
while identifying & implementing improvements to enhance efficiency.
Participate in
transition governance meetings
, providing operational insights.
Document
key learnings and best practices
to facilitate future transitions.
Governance & Compliance
Participate in
daily huddle meetings
to align on priorities and address issues.
Follow the
governance and service management framework
, ensuring compliance with risk controls and performance reviews.
Maintain
audit readiness
by ensuring proper documentation and record-keeping.
Adhere to
risk controls, financial reporting standards, and compliance policies
.
Coordinate with
onshore PICs and support teams
to address challenges in RTR operations.
Process Improvement & Automation
Analyze existing
RTR processes to identify inefficiencies
and recommend enhancements.
Work with
stakeholders to implement automation tools
for improved accuracy and efficiency.
Drive
continuous improvement initiatives
, monitoring performance metrics and gathering feedback.
Learning & Development
Act as a
mentor and trainer
for junior team members, guiding them on best practices.
Stay updated on
industry standards, taxation regulations, and financial compliance
.
Participate in
process enhancement initiatives and knowledge-sharing sessions
.
Key Outputs / Measurable Deliverables:
Accurate and timely financial statements, reconciliations, and reports
.
Effective
financial closing, audit support, and compliance adherence
.
Process
efficiency improvements through automation and optimizations
.
Smooth transitions and process migrations
aligned with global finance standards.
Timely
issue resolution and enhanced stakeholder communication
.
Meeting SLAs, KPIs, and internal control requirements
.
Technical & Skill-Based Competencies:
Educational Qualifications
Graduate/Postgraduate in Commerce
.
Basic MS Office Certification
.
Technical Skills
Experience in the shipping industry
(preferred).
Basic knowledge of
Geography (Continents, Countries & Ports)
and experience in
working with foreign countries.
Proficiency in Advanced MS Excel
for financial data analysis.
Experience in
BPO/Outsourcing business
(preferred).
Minimum
6 years of relevant experience
in
financial reporting, reconciliations, and general ledger accounting
.
Experience in SAP is must
Ability to work in shifts
as per global business requirements.
Compensation
* As per industry standards.
Beware of fraud agents! do not pay money to get a job
MNCJobsIndia.com will not be responsible for any payment made to a third-party. All Terms of Use are applicable.