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Assistant Manager/Deputy Manager - Finance Operations (Record-to-Report)

Date:  27 May 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

RTR (Record to Report) is a finance and accounting process that involves collecting, processing and delivering relevant, timely and accurate information used for providing strategic, financial and operational feedback to understand how a business is performing. It is an important accounting process that deals with fixed assets, costing reports and general ledger.

Job Description

  • SLA Compliance – Timelines & Accuracy
  • Inventory Accounting (Movements & 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 & Forecasting
  • Stakeholder Management
  • Compliance with Operational Excellence standards

Profile Description

  • Commerce Degree from an Institute of repute with Chartered Accountancy
  • 8+ years in RTR domain from FMCG/Manufacturing/Captive/Third-Party environment        
  • Ensure month close and reporting process (review) is well established and documented
  • Ensure adherence to Timeline and Accuracy SLAs and meet internal/corporate deadlines
  • Gain hands-on knowledge on all deliverables and ensure proper information is provided to Entity / BU heads as per requirement
  • 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
  • Each sub ledger is regularly reconciled to the general ledger, and exceptions identified are resolved and recorded in the general ledger in the appropriate accounting period mainly Inventory, Debtors, Creditors, FA, Prepaids and Provisions. Reconciliations for all significant accounts are performed properly, prepared on a timely basis, and independently reviewed.  Issues identified are resolved and recorded in the general ledger on a timely basis

Virtual Walk-in Interview

We have Virtual Walk-in planned, if interested please register through the below link.

Register Here

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.

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