Job Description

FC Global Services India LLP (First Citizens India), a part of First Citizens BancShares, Inc., a top 20 U.S. financial institution, is a global capability center (GCC) based in Bengaluru. Our India-based teams benefit from the company’s over 125-year legacy of strength and stability. First Citizens India is responsible for delivering value and managing risks for our lines of business. We are particularly proud of our strong, relationship-driven culture and our long-term approach, which are deeply ingrained in our talented workforce. This is evident across all key areas of our operations, including Technology, Enterprise Operations, Finance, Cybersecurity, Risk Management, and Credit Administration. We are seeking talented individuals to join us in our mission of providing solutions fit for our clients’ greatest ambitions. Job Description Job Title: Lead Analyst - India Accounting Job Category: Manager Job Level: P3 Job context: Accounting professional with 8 to 10 years of hard-core experience in Indian corporate Accounting with detailed exposure into financial accounting, Analytics, Indian taxations, statutory compliances around SEZ, FEMA, MCA. The ideal accounting professional must have strong knowledge of Indian GAAP, US GAAP and regulatory governance. Technical Skill Requirements Financial Accounting & Reporting End to end financial accounting – Month end closing, Accruals, Prepaid accounting, Lease accounting, PPE, export revenue calculations in compliance with Indian accounting standards. Prepare and post GL monthly journal entries with detailed supporting documentation to provide a clear audit trail within agreed timelines. Prepare monthly and annual financial statements along with applied schedules, disclosures and detailed substantiation and work with auditors to accomplish statutory audit. Follow monthly /quarterly / annual compliances with ROC, SEZ, MSME, FEMA. Engagement with AD Banker, timely submission of SOFTEX and clearing EDPMS/ IDPMS breaks. Transaction processing such as bank payment advises, invoice preparations, debit/credit notes. Preparation of Controller/CFO pack covering all key highlights, variance analysis, GAAP analysis, compliance tracking, ongoing projects, open issues, and mitigation action plans. Reconcile balance sheet accounts with utmost accuracy. Escalate variances to process owners for resolution and facilitate resolution of exceptions/aged items. Understanding about tax computations, deferred tax accounting, AMT accounting, GSTR2A/ GSTR 2B reconciliations, etc. Payroll & compliances Understanding & Accounting of payroll components, benefits awarded, recoveries, F&Fs, stock option plans issued to employees. Coordinate with HR & Payroll team ensuring all statutory balances in accounting books align to HR records and timely payment of statutory dues. Understand actuarial calculations on Gratuity, leave encashment & accounting treatment. Department & Business owners Establish good governance with business owners & understand the ongoing projects, vendor contracts, SOW, Purchase orders etc. Coordinate with business owners to best accrue the expenses to avoid deviation with actual invoice. Challenge business owners on any process deficiencies, delay in receiving invoices or any information. Internal control and accounting compliance Maintain detailed standard operating process documents relating to accounting, compliances, and internal controls. Understand and follow the applicable internal controls in place and highlight risks / delays in timely manner to management. Ensure high level of accuracy in General Ledger and adhere to period-end close SLAs. Operational excellence Recommends potential process improvements, coaches team, and participates in the coordination of efforts and drive special Projects as assigned by management. Builds relationships with internal/external customers and collaborates to resolve issues and strengthen the process. Stakeholder management skills including ability to present business packs at key forums. Exposure to system implementation Stay connected and build good connect with all departments personnels in AP, FPA, Tax, Payroll, Facility, Business to be aware of India operations & impact on accounting & associated compliances. Personal Skill Requirements Excellent written and spoken communications skills. Strong analytical skills Efficient and well organized, able to work under tight deadlines. Outstanding attention to detail, accuracy, and ability to multitask. Comfortable working in standard shift timings of 1 pm to 10 pm IST Ability to be flexible with job duties, scope of work, and shift timings (especially during period-end close) Being innovative and suggesting process improvements and simplification ideas Proven capability to work independently without hand holding and exercising sound judgment & initiative. Required Education And Experience Education and certifications: CA / CPA / CA Inter/ master’s degree in finance or accounting. Good knowledge of Microsoft Office (Word, Excel, PowerPoint, and Outlook) Strong knowledge & understanding of Indian GAAP & US GAAP requirements. Work Experience 8 - 10 years of experience in Core corporate Indian Accounting, Statutory compliances, Indian taxation, statutory Audits, with focus on financial accounting and reporting activities. Working knowledge of PeopleSoft ERP system (PSGL), Tally, EDPMS, SEZ portals, DGFT, Internet Banking. Preferred to have US GAAP and Indian GAAP exposure and prior experience of working with MNCs / GCCs / GICs / Big4. Equal Employment Opportunity FC Global Services India LLP (First Citizens India) is an Equal Employment Opportunity Employer. We are committed to fostering an inclusive and accessible environment and prohibit all forms of discrimination on the basis of gender, religion, caste, disability, sexual orientation, economic status or any other characteristics protected by the law. We strive to foster a safe and respectful environment in which all individuals are treated with respect and dignity. Our EEO policy ensures fairness throughout the employee life cycle. Show more Show less