Team Lead Accounting role

Closing on: Nov 14, 2024

At Eastvantage, our mission is to create meaningful jobs and provide careers that are knowledge-based, inspiring, and always with the potential for development and growth. We are an independently owned Global business solutions company enabling offshore operations from our locations in the Philippines, India, Bulgaria, Vietnam, and Belgium. With European roots, we provide our services to global companies with offices in every populated continent. We have been in the industry for over a decade, growing from a handful to over 1200 happy employees over the years. We invite you to navigate through our website to get to know who we are and to see what sets us apart in culture and thinking. Join us and be part of our success story!

· Job Title: Team Lead – Finance Operations

· Location: Bangalore

· Education: Advanced professional certifications preferred (CA, CA Inter, CMA), MBA, bachelor’s degree in commerce (BCOM), Finance, Accounting, or related field.

Experience: 7 to 9 years of experience with a focus on leading finance operations in Procure to Pay (P2P) & Record to Report (R2R).

Job Description:

We are looking for a proactive Team Lead with strong leadership skills and extensive experience in finance operations. The Team Lead will oversee a team of analysts and ensure the smooth execution of finance processes across various verticals.

Responsibilities:

· Lead, mentor, and manage a team of finance professionals across R2R and P2P processes.

· Allocate tasks, monitor performance, and ensure timely completion of objectives.

· Support team development through regular feedback, training sessions, and career growth opportunities.

· Oversee general ledger (GL) maintenance, ensuring accurate and timely recording of financial transactions.

· Lead the month-end, quarter-end, and year-end close processes, including journal entries, balance sheet reconciliations, and P&L variance analysis.

· Ensure compliance with accounting standards (IFRS/GAAP) and internal policies.

· Manage fixed assets accounting, accruals, prepayments, and intercompany reconciliations.

· Collaborate with internal and external auditors, providing required reports and documentation for financial audits.

· Generate and analyse financial statements and provide insights for business decision-making.

· Oversee the end-to-end P2P process, including vendor management, purchase order (PO) creation, invoice processing, and payment runs.

· Handle resolution of vendor disputes and issues, escalating when necessary to ensure minimal impact on operations.

· Ensure compliance with procurement policies, payment terms, and tax regulations.

· Implement and monitor key P2P performance metrics (e.g., DPO, invoice processing time, and supplier satisfaction).

· Drive continuous improvement initiatives and promote best practices within the finance function.· Standardize processes across teams and locations to maintain consistency in financial operations.

· Provide regular updates and reports to Finance leadership on key performance indicators, risks, and opportunities.

· Ensure proper documentation and controls for audits, approvals, and authorizations in both verticals.

· Analyse operational data, KPIs, and financial metrics to provide actionable insights to senior management.

Skills & Qualifications:

· Bachelor’s degree in accounting, Finance, or related field (master’s degree or MBA preferred).

· Professional certification such as CPA, CMA, or ACCA is a plus.

· 7-9 years of finance experience with hands-on exposure to both R2R and P2P processes.

· At least 2-3 years in a supervisory or leadership role, managing teams of finance professionals.

· Strong knowledge of IFRS/GAAP and local statutory regulations.

· Proficiency in ERP systems (e.g., SAP, Oracle, Microsoft Dynamics) and advanced Excel skills.

· Excellent analytical skills with the ability to synthesize data and present actionable insights.

· Strong leadership and team management capabilities.

· Excellent communication and interpersonal skills for stakeholder management.

· Problem-solving aptitude with a continuous improvement mindset.

· Ability to work under tight deadlines, especially during month-end close and audits.

· Attention to detail and a high level of accuracy in financial operations.

Job Category: Finance and Accounting
Contract Type: Full-Time
Location: Bangalore India
Language: English
Division: Business Support
Organization: Eastvantage
Assigned Recruiter: varsha

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