Job Description
The role
In this capacity, you will integrate into the Accounting team, with a distinct focus on intercompany operations and cost reporting. Your role will entail the accounting for cost allocations as per Transfer pricing principles, insight of financial transactions and reporting budget vs actual variances. Furthermore, you will be entrusted with the preparation of comprehensive financial reports for the management, emphasizing critical intercompany and cost-related metrics.
Who you will work with
You will work with a high performing Central Interoffice function. And this role gives you an exciting opportunity to lead and shape a team of experienced associates.
Key responsibilities
Operational Responsibilities
- Review of Trial Balances and Variance analysis before GL close in order to ensure all the costs for Global operating firm are booked and transferred to relevant offices from both from statutory and management perspective
- Collect, analyse, and interpret cost data to identify trends and variances.
- Track actual costs against budgeted figures and report on discrepancies with clear commentary. Conduct ad-hoc analysis of actual vs forecasts and serve as first line of support to Local office Heads of finance as well as senior stakeholders.
- Reviewing the cost allocations for Statutory costs invoiced to global offices and suggesting scope for changes and improvement in the process
- Monitor and report on cost drivers and trends for the central costs allocated to offices.
- Assisting the team with the calculation and account analysis for the Foreign exchange valuation of Central Interoffice accounts, as well as ensuring the correct FX accounting for the accounts involved.
- Managing timely and accurate Inter Office reconciliations as well as other deliverables/reports.
- Preparation of Quarterly/Annual HFM forms to assist with reporting.
- Monthly review of Balance Sheet account reconciliations of the designated accounts and analysis of the open aged items therein .Following up with Local offices to ensure they are resolved at earliest
- Reviewing related dashboards along with management commentary and provide actionable insights through data-driven analysis.
- Prepare monthly management packs.
- Reviewing the Payment Matrix & follow ups for Initiating the payments between offices.
- Pitch into deliverables and assist the team wherever required with a tendency to work independently whenever required
Strategic Responsibilities
- Assist in risk assessment and mitigation strategies.
- Review the current control environment around the process and suggest changes to improve and make it more efficient.
- Drive efficiency initiatives in conjunction with the Continuous improvement and RPA team and assist with implementation of new PMS
- Ensuring SOP and policies are kept aligned with current processes
- Recommending process improvement ideas
- Validation and distribution of regular Management reports, KPIs and all ad- hoc reports as required.
- Ensuring compliance with rules and Internal Audit recommendations
Team
- You will work with the supervisors to aid the development of the skills of each team, aiding the career development of your staff.
- You will aid to the development of the skills of the team, aiding the career development of your members by sharing regular feedback, regular catch up. You will be responsible for Appraisal process of your team.
- Share the best practices in your process.
Qualifications
Your experience
- Professional certification e.g Qualified CA/ICWA/MBA Finance (Regular) with 8+ years of post-qualification experience with experience of working in an MNC in shared service environment.
- Proficient in MS Office Suite: Word, Visio, Advanced Excel, and PowerPoint.
- Experience in using HFM module and Oracle 12/SAP is preferred
- Proven ability to handle complexity of the Finance Processes.
- Strong problem solving, trouble shooting and analytical skills
- Ability to manage multiple projects and meeting timelines
- Excellent stakeholder management and communication skills.
- Experience working with offshore teams and effectively manage teams and stakeholders
- Strong organisational skills and attention to detail.
- Comfortable working in a team as well as on your own.
How we will support you
From your first day with us, you will have varied opportunities to continuously grow and development your skills and knowledge. From formal training, informal coaching and mentoring through to skills-based and technical training and on the job learning.
Company Description
Who we are
We are one of the largest international law firms in the world. With over 30 offices across the globe, we strive to exceed the expectations of our clients, providing them with the highest-quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.
Our firm, work and people span jurisdictions, cultures, and languages. We offer our clients a truly international perspective. We believe every career should be rewarding and stimulating - full of opportunities to learn, thrive, and grow. That’s why we’re so proud of our inclusive, friendly, and team-based approach to work.
You’ll find our clients in commercial and industrial sectors, the financial investor community, governments, regulators, trade bodies, and not-for-profit organisations. But no matter who they are or why they’ve reached out to us, we provide a world-class service every step of the way. And that’s possible thanks to the entrepreneurial spirit and conscientious approach to work that you’ll find across all of our teams.
Whichever area of the business you join, you’ll become an integral part an innovative, diverse and ambitious team of people. Clifford Chance is a place where the brightest minds and the best of colleagues meet.
Additional Information
Equal opportunities statement
At Clifford Chance, we understand that our true asset is our people. Inclusion is good for our team and their families, our firm and society.
We are committed to treating all employees and applicants fairly and equally regardless of their gender, gender identity and expression, marital or civil partnership status, race, colour, national or ethnic origin, social or economic background, disability, religious belief, sexual orientation, or age. This applies to recruitment and selection, terms and conditions of employment including pay, promotion, training, transfer and every other aspect of employment.
We have a variety of flourishing employee networks. These networks are a place for colleagues to share experiences and advocate for change wherever they see an opportunity for improvement.
Our goal is to deliver an equality of opportunity, an equality of aspiration and an equality of experience to everyone who works in our firm.
Find out more about our inclusive culture here
