OSTTRA India
The Role: Legal Entity Controller - India & USA
The Team : Osttra Finance Team is based out of the UK, India, Penang, Sweden and US. It is an entrepreneurial team, who is highly energetic, flexible, dynamic and works beyond boundaries to deliver the real values. We are standing up an independent global finance team.
The Impact: OSTTRA has the largest financial institutions in the world as clients. We believe that long-term value to the client is the most important goal of our team, and technology is the tool to bring that value, and your contribution in the form of delivery, improvements and innovations can have a significant impact on the financial system.
Whats in it for you: Legal Entity Controller will play a crucial role within the OSTTRA Finance Team, focusing on the financial oversight of India business and USA to ensure the integrity and accuracy of their financial statements and reporting. The ideal candidate is detail-oriented, highly analytical, and proactive in identifying and implementing process improvements to enhance accuracy, strengthen internal controls, and increase efficiency. This individual should also thrive in a fast-paced, growing environment.
Location : Gurugram, India
Working Hours : India Hours (the candidate must be flexible to support UK hours partially)
Role and responsibilities of a Legal Entity Controller for India & USA
The candidate is responsible for ensuring the ledger integrity encompasses several duties, including but not limited to:
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Technical Knowhow: Possessing a good understanding of accounting policies and their implementation in accordance with USGAAP/IFRS/IND AS. Also, someone who can collaborate with Group Controllers.
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Periodic Close: Manage the monthly, quarterly and annual closing processes. Prepare financial reports and presentations for senior management and external stakeholders.
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Audit: Lead statutory audit locally and support group audit. Manage Internal Audit across the legal entity.
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Taxation: Ensure local tax compliance obligations (Corporate Tax, GST and Transfer Pricing) are met with a high degree of accuracy and timeliness. Able to work and coordinate with the Group Tax team.
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Compliances: Ensure compliance with all relevant regulatory filings as required by local statutory laws. (FEMA, Company House)
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Internal Controls: Ensure the entity is fully compliant with internal policies and procedures. Set-up a control governance across financial processes.
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Treasury: Coordinate with Global Treasury to manage local treasury Operations (Working Capital requirements, Capital Repatriation, Cash forecast and capex)
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Stakeholder Management : Collaborate cross-functionally with teams such as Group Financial Control, FP&A, Business functions and Technical Accounting to strategically address and resolve ad-hoc financial and operational challenges.
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Reconciliation & Substantiation : Performing sub-ledger to general ledger reconciliation and substantiation of journals and balance sheet accounts to ensure accuracy and resolve any discrepancies promptly.
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Process Improvement: Proactively identifying opportunities to enhance and streamline accounting processes, leveraging automation and best practices to improve efficiency and accuracy.
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Initiatives / Projects: Lead initiatives / projects as required to support any business driven / system changes.
What Were Looking For:
To be successful in this role, a Legal entity controller must possess a mix of Technical, Professional and People Leadership competencies.
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Experience: 10-12 years of relevant experience in an accounting or finance role, with a strong focus on Statutory Audit, Tax, compliances and month-end.
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Financial & Accounting Acumen: Good understanding of accounting principles and financial reporting with specialisation of staff costs accounting.
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Technical Accounting: Advanced knowledge of IND AS and USGAAP.
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Driving Change & System Implementation : Good working experience in process & system transition (Preferably SAP). As a process owner, can play a key role in implementations before go-live and can manage post go-live. Someone who embraces and champions change, thrive in dynamic environments, and drives innovation.
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Communication: Exceptional verbal and written communication skills, with the ability to present complex financial information clearly and concisely to key stakeholders (Group Controller, CFO, Board Members).
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Analytical skills: Excellent quantitative and analytical skills to interpret complex financial data and trends.
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Attention to Detail: Meticulous approach to reviewing financial data, reconciliations, and journal entries to ensure 100% accuracy.
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Adaptability: Ability to thrive in a fast-paced, dynamic environment and manage competing priorities effectively.
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Problem-solving: Proactive and solution-oriented mindset, with the ability to identify issues and implement effective resolutions.
Additional Preferred Qualifications:
