Job Family: Finance
Req ID: 400631
CF R Head of Controlling and Guidelines and Principles
Job Summary –
The Head of Controlling defines local accounting principles, policies and guidelines and decides on accounting relevant matters. Ensures consistency of application of internal and statutory Accounting Guidelines and related Controls. The role will also be responsible for defining key financial processes and governance over GBS (shared service) operations. The role is responsible for ensuring that forecasting and budgeting process is completed in a timely manner. All key KPIs are monitored regularly and deviations if any, are analyzed appropriately. There is a full responsibility for Siemens Limited and a functional responsibility for the other Siemens Group Companies in India.
Education and Experience –
• Chartered Accountant with more than 10 years of experience
• 3/4 years of leadership experience in Finance or Accounting
• Highly developed skills in application of accounting principles and financial processes
• Excellent analytical skills and strong problem solving ability
• Excellent executive communication skills and interpersonal skills at all levels both internally and externally
Team Size – 10 individuals (largely qualified Chartered Accountants)
CORE WORK ACTIVITIES
Guidelines and Principles
Ensure Governance in Accounting and that local internal guidelines are in place that are in conformity with the Siemens internal as well as with statutory requirements and assess forthcoming changes in regulations to develop strategy for its early adoption.
Responsible for ensuring ICFR requirements are adequately implemented to have an effective and efficient internal control system.
Responsible for implementing new accounting standards.
Responsible for providing accounting solutions to business for complex commercial transactions and business constellations.
Imparting training on various accounting topics on a monthly basis
Coordination with the external auditor and internal stake holders for implementing adequate measures to remediate audit findings.
Interacting with Siemens AG colleagues on need basis to align on complex accounting topics.
Process
Responsible for formulating local accounting process notes
Responsible for governance over GBS (shared service operations) to bring in process improvements and efficiencies.
Responsible for managing cost audit.
Responsible for accounting of special topics like ECL, embedded derivatives, forex accounting etc.
MIS
Responsible for monthly forecast and yearly budget submissions in timely manner
Responsible for preparing, coordinating and participating in monthly business review meetings with Business Heads and Country management.
Responsible for monitoring of Key performance indicators (revenue, profit, cash etc.) and analysis of deviations if any
Analyze performance by vertical and suggest remedial measures where needed.
Monitor Working Capital development and identify issues to ensure optimal use of working capital
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