Apply now »

FMR Sr Specialist - Olam Food Ingredients

Date:  17-Mar-2023
Country:  India
Function:  Olam Global Business Service
Sub-Function:  Talent Pool

Job Summary:


The Senior Specialist– FMR (RTR) is responsible for a collection of processes between recording financial transactions and the publication of financial reports. The candidate should be a MBA with 4-5 years of experience in manufacturing/FMCG company in Finance and Accounts domain. S/he is responsible of providing both strategic, financial, and operational feedback on business performance as well as financial statements that are compliant with local accounting standards. Responsibilities include posting journal entries, preparing balance sheet reconciliations, reviewing entries and reconciliations, preparing cash forecasting statements, supporting month end closing, preparing various reports as required and supporting audits.



Job Description:


Responsible for monthly book closure, preparation and posting of Journal entries, financial reporting, and reconciliations. Application of the entity’s accounting policies to each non-routine event or transaction is independently reviewed for appropriateness and ensures any exceptions are highlighted to business on an immediate basis
Unusual items and exceptions are investigated and properly resolved / recorded in the general ledger in the appropriate accounting period
Managing the Financial and Management Reporting (RTR) processes and ensuring the service level agreements are met as per the timeline and accuracy
Overall responsibilities include:

  • Inventory accounting (movements and reconciliation with physical stock)
  • Mark-to-Market / Fair Value accounting
  • Month-end processing (period close)
  • Trial balance, PNL and balance sheet review
  • Management Reporting
  • Inter-company reconciliations
  • Account reconciliations (GL to sub-ledger)
  • Budgeting and Forecasting









Profile Description:


  • Commerce Graduate/MBA with 5 to 6 years of experiencein Finance and Accounts domain from a FMCG / Manufacturing environment
  • Experience in setting up Validation Checklists for all processes and ensure to review on a continuous basis for completeness and accuracy
  • Experience in independently reviewing, validating, authorising journal entries and ensure those are recorded in the appropriate accounting period
  • Prior experience in preparing plant costing reports, Inventory Reporting, COML run, MUV (Materials Usage Variance)/PPV (Purchase Price Variance) absorption costing, standard costing etc.
  • Should have excellent knowledge in fixed assets accounting and fair knowledge about Bill of Material creation, production/work order settlement etc.
  • Excellent understanding of Generally Accepted Accounting Principles (GAAP) 
  • Working knowledge of SAP / Oracle and SAP BPC / BO / BI would be an added advantage
    Strong domain expertise, analytical skills and logical reasoning with good leadership capabilities with the ability to handle pressure and work in an environment of strict deadlines
  • Willingness to work in different time zones and willingness to travel (short informed trips) based on the business needs.



About OLAM:

Olam International is a leading agri-business operating from seed to shelf in 70 countries, supplying food and industrial raw materials to over 23,000 customers worldwide. Our team of 70,000 employees has built a leadership position in many businesses including cocoa, coffee, cashew, rice and cotton. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 40 largest listed companies in Singapore in terms of market capitalization and is a component stock in the Straits Times Index (STI), MSCI Singapore Free, S&P Agribusiness Index and the DAXglobal Agribusiness Index. Olam is the only Singapore firm to be named in the 2009 Forbes Asia Fabulous 50, an annual list of 50 big-cap and most profitable firms in the region. It is also the first and only Singapore company to be named in the 2009 lists for the Global Top Companies for Leaders and the Top Companies for Leaders in the Asia Pacific region by Hewitt Associates, the RBL Group and Fortune. More information on Olam can be found at


Olam Information Services (OISL) is a captive subsidiary of Olam International, Singapore offering IT Services & Global Business Services across its operations in 65 countries in Asia, Africa, EU & Americas. In Chennai, we currently have onboard more than 1000 highly motivated employees. Olam Digital has received International Innovation Award 2019 for Best Services and Solutions. Olam Information Services Private Limited (OISL) has been recognized as Kincentric Best Employer India 2020 to become one among the elite group of organizations that have won this coveted recognition.


Olam Global Business Services (OGBS) is a captive unit that offers End to End business process and analytics solutions. OGBS currently offers its solutions in 6 Platforms: Finance, Supply Chain, People services, Risk & Market Compliance, Big Data Analytics and Business Intelligence. At this moment, OGBS is located in City of Chennai, India and provides its services to over 20 countries. Olam GBS has received Best Shared Services in India Award – 2019, by Shared Services Forum and Asia’s No.1 Shared Services in Process Improvement and Value Creation, 2019 by Shared Services and Outsourcing Network Forum.


Know more: follow Olam Information Services on LinkedIn.

Job Description

  • Responsible for monthly book closure, preparation and posting of Journal entries, financial reporting and reconciliations
  • Providing general accounting, internal control support & completion of the close for the Business Unit
  • Ensure the general ledger account balances and trial balance are accurate and reflect the proper amounts in accordance with the given guidelines
  • Prepare monthly journals after analysis of prepaid and accruals account etc.
  • Prepare monthly closure of accounts and report the completion status to the immediate supervisor on a regular basis
  • Perform analysis of balance sheet and P&L accounts monthly, quarterly, and annually
  • Responsible for balance sheet reconciliations and making necessary journal entries/corrections to address reconciling items
  • Prepare performance budget Vs. variance analysis

Profile Description

  • CA Fresher/CA Inter/B.Com/MBA Finance with 5-8 years of experience
  • Knowledge on SAP and MS Office
  • Flexible for shift timings

Olam is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, nationality, disability, protected veteran status, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by law.

Applicants are requested to complete all required steps in the application process including providing a resume/CV in order to be considered for open roles.

Apply now »