Process Lead- Financial Control

About the OpportunityJob Type: Permanent

Application Deadline: 12 January 2025

Job Description

Title Process Lead - Financial Control

Department Financial Control

Location Gurgaon

Reports To Senior Manager - Financial Control

Level 4

About Fidelity International

Fidelity International offers world class investment solutions and retirement expertise. As a privately owned, independent company, investment is our only business. We are driven by the needs of our clients, not by shareholders. Our vision is to deliver innovative client solutions for a better future.

Our people are passionate, engaged, smart and curious, and we give them the independence and the confidence to make a difference. While we take pride in the excellence of our investment solutions and client service, we know we can always do better. We are honest, respectful and make tough calls, challenging the status quo to achieve better outcomes through innovation. Above all else, we always put our clients first.

Department Description

The financial control team is responsible for month-end closing, board reporting, CFO reporting and regulatory reporting for the legal entities. The team is also responsible for providing management information, monitoring risks & controls, ensuring compliance with the financial regulations of the local regulators, etc.

Finance Services in India supports Financial Services, Group and some parts of Eight Roads and Canada businesses. Core activities for Financial Planning & Analysis, Financial Control and Procure to Pay are centralized with an aspiration to accelerate finance for future

Purpose of your Role and Key Responsibilities

You will be primarily responsible for leading Intercompany capability hub team and its significance in Legal Entity Controllership. This covers working with Regional controllers and Group Control team on all inter-company matters.

Key responsibilities for the role are as follows:

• Work with Treasury for finalizing Net Settlement numbers for FIL Group of entities
• Performing Intercompany accounting entries through AP/AR and GL module for settlement of monthly IC balances
• Performing Direct cost recharge for FIL Group of entities
• Resolves intercompany variances (exceeding the threshold) within month-end reporting timelines
• Performs preliminary and final Intercompany reconciliations for all locations
• Works with appropriate accounting contact persons for Intercompany transactions not going through CFP
• Month end governance on all Intercompany account balances and resolves breaks at Entity ICP level.
• Preparing Loan walks and currency wise exposures analysis for Inter-company accounts.
• Dealing with ad-hoc queries from stakeholders and finance community. This will include assisting with handling internal or external reporting and other financial analysis.
• Ensure the year-end audit process related to Intercompany balances with different counter parties happens smoothly and in a timely manner.
• Responsible for maintaining a constructive and professional relationship with similar onshore grade levels as well as other key onshore and offshore stakeholders.
• Responsible for maintaining up to date procedure & governance documentations.
• Work closely with the global financial control teams across UK, Europe, Asia and India.
• Work on key initiatives based on business requirements. Identify, design, and implement process improvement initiatives for increased efficiency

Experience and Skills Required

Technical

• Qualified Accountant with 3-5 years post qualification experience with Accounting / Audit / Assurance background or graduate/post-graduate with 4-6 years of experience
• Strong Microsoft Excel alongside good IT skills particularly Outlook, Word & PowerPoint.
• Knowledge of CFP/ Oracle Fusion and SmartView will be an advantage.
• Collaborative approach to develop, share, accept and implementation of ideas;
• Strong financial reporting knowledge and awareness of current accounting issues;
• Prior knowledge of consolidation as well as regulatory entities accounting, and reporting would be an advantage.
• Strong communication skills with the ability to interact effectively at all levels

Essential Skills

• Ability to work as part of a team and contribute towards team goals, but equally able to work independently and deliver results
• Ability to complete multiple tasks against tight deadlines, able to prioritise and organise effectively
• Shows attention to detail, intellectual curiosity and an appetite to investigate and resolve issues when they arise.
• Strong verbal and written communication skills.
• Ability to embrace change and adapt quickly.
• Experience of working in an extended (offshore-onshore) global team model would be preferred.

Feel rewarded

For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.

For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.