Manager - General Accounting (BPPL)
- Bayer Zydus
- 2 - 3 Years
- Mumbai
- 3 years ago
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Job Description
POSITION PURPOSE:
Responsible for the complete, timely execution of the Accounting Operations in good quality in the area of General Ledger & Local Statutory Financial Reporting for Bayer Pharmaceuticals Private Limited (BPPL) and Bayer Foundation India (BFI) (not for profit charitable company).
Contribute to the reliability of the books in his/her scope of responsibility allowing a certification by external auditors.
YOUR TASKS AND RESPONSIBILITIES:
A. General Ledger:
Initiate creating and changing request for GL accounts according to defined work procedures.
Perform manual General Ledger posting for special cases as defined within the activity split. Support the increase of standard cases and involve business into the defined workflows. Support the reduction of postings as long as in line with Bayer AG group reporting guideline. Monitoring of Accounts which are in responsibility of the country.
Monitor Accounts/ accrual requests and perform automatic clearing.
Is responsible to do local GAAP postings and evaluation (perform plausibility checks). This being important activity on account of local financial year is Apr-Mar and significant GAAP differences.
Provide accural & provision tracking for balances as on March for with Holding Tax compliance and reporting.
B. Closing:
Support the overall closing process together with the Shared Service Center Delivery Network (SSCDN).
Coordinate the overall closing process.
Review of monthly financial statement variation.
Review the result of different kind of processes from local GAAP perspective e.g. revenue recognition and follow up with business Calculate impending losses and perform manual posting.
Responsible for coordinating with Group Actuary & HR Department for valuation of Long Term Employee Benefit provision 2 times in a year, accounting thereof on monthly basis and getting the same audited from Statutory Auditors.
C. Reporting:
Plan and perform actual annual local statutory reporting incl. implementation of new regulation/ law, posting, review and reporting.
Handling of audit of Bayer Foundation India with the help of external accounting service provider
Prepare additional 4 times local statutory financials for Advance Tax.
Perform evaluation of accounting treatment and its disclosure in local statutory financials for new business transactions/ agreements.
Perform XBRL (eXtensible Business Reporting Language) reporting (as prescribed by the Local Authority) for local statutory financials in specific format.
D. Audit and Control & Others:
Support external & internal audit. Perform Internal Control System (ICS) controls in his/her own area of expertise and responsibility.
Support audit and other accounting function related activity of other Bayer Group of Companies
Specialized ad hoc support and project support specific to own area of expertise including but not limited to merger/ divestment projects own area of operation and beyond.
Arranging ad-hoc Certification related to financials of the Company from Qualified Chartered Accountant/ Statutory Auditor.
WHO YOU ARE:
Chartered Accountant qualification with minimum 2-3 year working experience in finance and/or accounting dept. or other similar positions along 1 years experience in preparation of local statutory financials under Ind AS in Accounting department of manufacturing/ marketing company and excellent knowledge on system settings and internal controls
Basic knowledge of Bayer Group accounting and reporting requirements
Sound knowledge of local GAAP and local laws for local statutory reporting requirements
Basic knowledge of HealthCare related accounting practices
Strong interpersonal and communications skills
Good knowledge of MS office and related software
Experience with SAP is required
Fluent English in writing and speaking
Employement Category:
Employement Type: Full timeIndustry: Chemicals
Functional Area: Finance & Accounts
Role Category: Software Engineer
Role/Responsibilies: Manager - General Accounting (BPPL)
Contact Details:
Company: Bayer ZydusLocation(s): Mumbai
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Bayer Zydus
Bayer Zydus Pharma Private Limited Bayer is a Life Science company with a more than 150-year history and core competencies in the areas of health care and agriculture. With our innovative products, we are contributing to finding solutions to some of the major challenges of our time.
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