Deputy Manager - FMR 1

Date: 30 Mar 2024

Country: India

Function: Olam Global Business Service

Sub-Function: Centralization

About Us

Olam International is a leading food and agri-business supplying food, ingredients, feed and fibre to over 19,800 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of 4.8 million farmers. Through our purpose to 'Re-imagine Global Agriculture and Food Systems', Olam aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders. Headquartered and listed in Singapore, Olam currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.

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 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.

Job Summary

The Financial and Management Reporting Manager is responsible for compliance of timelines and accuracy of monthly financial transaction processing, take care of addition/deletion/reconciliation with GL to FA register with regards to Fixed Assets. S/he will also be accountable for cash and bank reconciliations, month-end processing (period close), trial balance, PNL and balance sheet review. S/he will also be responsible for managing multiple stakeholders, respective team(s).

Job Description

Support in preparation of annual budget and operating plans
Review and analysis of manufacturing cost and related trends
Analysis and reporting actual Vs. forecast numbers
Ensure month close and reporting process (review) is well established and documented
Ensure adherence to Timeline and Accuracy SLAs and meet internal / corporate deadlines
Ensure that the roles and responsibilities in the month closing and reporting process (including a required understanding of the entity’s operations and appropriate accounting knowledge) are clearly defined, documented, updated, and communicated to counterparts on a timely basis
Ensure that financial statements of the Entity / BU handled adhere to accounting policies defined by the Corporate and any changes thereof from time to time and any exceptions identified are clearly highlighted to onsite teams
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
Journal entries are independently reviewed, validated, authorized, and properly recorded in the appropriate accounting period
All intercompany transactions and balances are identified, reconciled, and appropriately eliminated in consolidation in the appropriate accounting period
All Profit Centre, Cost Centre and GL Accounts of the Entity are mapped as per standard chart of accounts

Profile Description

CA/Cost & Management Accountant with minimum 8+ years with experience in F&A domain from FMCG / Automobile / Manufacturing / Captive / Third-Party environment
Experience in setting up Validation checklists for all processes and ensure to review on a continuous basis for completeness and accuracy
Should be able to identify and implement Continuous Improvement Projects (Six Sigma, Lean, YB projects) to improve team’s productivity and efficiency and overall quality of processes
Extremely well versed with MS Office – Excel, Word Power Point
Working knowledge of SAP is mandatory and Oracle and SAP BPC/BO/BI would be an added advantage

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.