FAAS - Finance Transformation - Senior

Financial Accounting Advisory Services (FAAS) professionals provides advisory services including Accounting and regulatory support for accounting change and special matters; accounting processes and controls support.

We are looking for an experienced professional to join EY FAAS team to help drive growth and support delivery teams and bring subject matter expertise in Finance Transformation solutions.

The Senior should be competent to support a portfolio of clients and be responsible for the timeliness and quality of the work as per EY Global Standards for our FAAS team. While the Senior will be based out of our Cochin or Trivandrum offices, the individual will be responsible for supporting EY practices and clients across the MENA Market. Also, the individual will be required to travel to other countries (short-term/long term) for executing the client engagements.

Primary Responsibilities

The Senior will support teams of FAAS professionals during engagements covering a broad spectrum of areas. The Senior will be responsible for the following tasks:

• Collaborate with the Managers, Senior Managers and the Partners to execute a FAAS strategy that satisfies high client expectations, support the planning, budgeting, execution and delivery of the engagements.
• Actively contribute to the FAAS engagement team by understanding and responding to client's needs and expectations. Develop client-focused, clear, accurate and well-presented work products.
• Execute finance transformation engagements using Global Service Delivery framework, ensuring timely delivery and compliance with EYs high standard requirements.
• Participating in meetings and interviews with client personnel to gather insights and foster strong working relationships.
• Knowledge and working experience in key business processes including Record to Report, Plan-to-Perform, Order-to-cash, Procure-to-Pay, Acquire to Dispose and Hire-to-Retire.
• Demonstrate finance process design or improvement skills by critically reviewing existing finance processes, making recommendations for rationalization and improvement, and implementing operational changes.
• Define and develop a finance target operating model. Design business and process models, and help define finance technology strategy, architecture, and roadmap.
• Design the finance performance management system by identifying performance drivers, aligning them to strategy, defining metrics and KPIs and benchmarking against industry standards.
• Execute technology led finance transformation projects for clients, leveraging innovative solutions to enhance efficiency and effectiveness.
• Identify engagement and client service issues. Benchmark client data against industry data to provide actionable recommendations for improvements.
• Work collaboratively with team members to ensure timely completion of work deliverables while managing time spent against budget constraints.
• Support the development of new service offerings and go-to-market strategies.
• Participating in development of proposals related to our offerings, contributing to the creation of proposals related to our offerings.
• Contribute to the creation of new services, tools and materials to enhance market success and client satisfaction.
• Ensure quality in delivering client service by directing daily progress of fieldwork, informing Managers / Senior Managers etc. of engagement status.
• Support the development and management of the relationships with external and internal (EY) clients fostering collaboration and trust.
• Supporting other ad-hoc internal initiatives geared towards improving our groups efficiency, effectiveness and integration with other service lines.
• Demonstrate a solid understanding of accounting concepts. Stay informed of professional standards and firm policies; effectively applying this knowledge to moderately difficult and/or complex client situations.
• Apply independent and objective professional judgment in applying accounting standards to meet engagement expectations, including regulatory requirements.

Qualifications, skills and experience

To qualify, candidates must have:

Professional Certification:

• IT Systems Experience:

  Strong preference for candidates with experience in IT systems such as SAP, Oracle, Microsoft Dynamics 365, or similar platforms.

• Finance Transformation Project Experience:

  Demonstrated experience in Finance transformation projects, including but not limited to:

• Finance Performance Management:

  • Identifying performance drivers and aligning them with strategic objectives.
  • Defining metrics and KPIs while benchmarking against industry standards.
  • Optimizing cost management protocols.
  • Implementing working capital productivity solutions.
  • Enhancing the cost efficiency of the finance function.

• Finance Process Improvement:

  • Accounts Payable and Receivable management.
  • Fixed Assets and Capital Budgeting processes.
  • Banking and Cash Management.
  • Closing, Consolidation, and Reporting.
  • Business Planning, Budgeting, and Forecasting.

• Finance Operating Model Design:

  • Exposure to finance operating model design, service management, and performance management (including SLAs and KPIs).
  • Exper

    i

    ence in developing target operating models for Lean finance.

• Finance Information and Systems Optimization:

  • Finance data management and optimization of the Chart of Accounts.
  • Experience with ERP Systems Implementation (SAP, Oracle, Microsoft Dynamics 365, etc.).

• Travel Requirements:

  Willingness and ability to travel approximately 50% to 80% of the time.

• Accounting Regulatory Knowledge:

  Strong understanding of IFRS.

• Analytical and Problem-Solving Skills:

  Excellent problem-solving and analytical abilities.

• Interpersonal Skills:

  Strong listening skills, inquisitive nature, intellectual curiosity, and self-starter qualities.

• Communication Skills:

  Effective written and verbal communication skills, with a demonstrated ability to present complex information clearly and concisely.

• Management Interface:

  Ability to interface with all levels of management, both within EY and with clients.

• Project Management:

  Experience managing multiple projects under tight deadlines.