ofi is an equal opportunity employer and values diversity. All qualified applicants will receive consideration for employment without regard to racial or ethnic origin, color, age, religion or belief, sex, nationality, disability, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by applicable 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.
Accounting Manager
Location
India
Posted
4 days ago
Salary
0
Seniority
Lead
No structured requirement data.
Job Description
Accounting Manager
ofi
Role Description Reporting to the Finance Manager based in Chicago, USA, the Accounting Manager will be a key member of the offshore finance team supporting the Olde Thompson business. This role is responsible for executing and overseeing day-to-day accounting operations, ensuring accuracy and integrity of financial records, and serving as the primary accounting point of contact for US-based finance leadership. The Accounting Manager will coordinate closely with US counterparts on the month-end close process, AR/AP oversight, and financial reporting, while managing a small team of local accounting staff in India. This role requires strong technical accounting skills, a high degree of ownership, and excellent cross-cultural communication skills to operate effectively in a global, matrixed environment. Key Responsibilities - Team Supervision & Coordination: - Supervise and guide a team of junior accounting staff in India, assigning work, reviewing output, and ensuring quality and timeliness. - Act as the primary liaison between the India-based accounting team and the US Finance Manager, facilitating clear communication and alignment on priorities. - Support onboarding, training, and development of local team members. - Accounting Hygiene & Fundamentals: - Maintain accurate and complete records for core balance sheet accounts, including prepaids, accruals, deposits, and deferred items, ensuring proper classification and cutoff. - Ensure subledger-to-general ledger integrity across key cycles (AR, AP, inventory, fixed assets). - Prepare and review journal entries with proper support and documentation in adherence to internal controls. - Ensure all balance sheet accounts are supported by clear, audit-ready documentation with appropriate aging, rollforwards, and explanations of reconciling items. - Identify, investigate, and resolve aged or unusual balances in a timely manner, escalating to the US Finance Manager where appropriate. - Maintain consistency in accounting treatment and flag areas requiring policy clarification. - Close & Financial Reporting: - Execute assigned components of the monthly, quarterly, and annual close process, coordinating with the US Finance Manager to meet group deadlines. - Prepare and own balance sheet account reconciliations with complete and timely supporting documentation. - Perform variance analysis (P&L, balance sheet, working capital) and provide clear explanations to the Finance Manager. - Support preparation of monthly group reporting packages, including trial balance mapping, intercompany reporting, and consolidation inputs. - Accounts Receivable & Payable: - Oversee AR and AP accounting activities executed by the India team, ensuring accuracy, proper cutoff, and timely processing. - Review aging reports and assess collectability of receivables; flag deteriorating balances and support bad debt reserve analysis. - Monitor AP aging and payment cycles to ensure appropriate liability recognition. - Strengthen internal controls around invoicing, collections, vendor payments, and approvals in coordination with US leadership. - Monitor and account for factoring and supplier financing programs. - Property, Plant & Equipment (PP&E) and Lease Accounting: - Maintain and reconcile the fixed asset subledger, including additions, disposals, transfers, and depreciation. - Ensure proper capitalization of assets in accordance with company accounting policies. - Account for leases under IFRS 16, including Right-of-Use (ROU) assets and lease liabilities. - Prepare lease schedules, amortization, and related disclosures. - Inventory, Controls & Compliance: - Support inventory accounting, including variance analysis, NRV assessments, and obsolete inventory reserves. - Assist with audit preparation and support responses to internal and external audit queries. - Ad-hoc Support: - Support tax-related activities as directed by US Finance Manager. - Assist with budget preparation and overhead reporting. - Identify and implement process improvements, including automation and standardization initiatives. - Provide ad hoc support to the US finance team as required. Qualifications - Bachelor’s degree in Accounting, Finance, or Commerce required; CA (Chartered Accountant) qualification strongly preferred. - Minimum of six (6) years of progressive accounting experience, with at least one (1) to two (2) years in a supervisory or team lead capacity. - Strong knowledge of IFRS; familiarity with US GAAP is an advantage. - Experience with ERP systems such as SAP is an asset (Plex is our ERP; training will be provided). - Advanced Microsoft Excel skills, including pivot tables, lookups, and data analysis. - Experience in manufacturing, food industry, or inventory-heavy environments preferred. - Strong analytical, problem-solving, and organizational skills. - Excellent written and spoken English communication skills; ability to work effectively with US-based stakeholders across time zones. - Comfortable operating in a fast-paced, deadline-driven, multi-entity environment. Work Environment & Additional Details - Location: India (city TBD / remote-eligible). - Reporting Line: Finance Manager, Chicago, USA. - Working Hours: Overlap with US Central Time required; flexibility to attend early morning or evening calls as needed. - Travel: Occasional travel to US offices may be required on an as-needed basis. Company Description ofi is an equal opportunity employer and values diversity. All qualified applicants will receive consideration for employment without regard to racial or ethnic origin, color, age, religion or belief, sex, nationality, disability, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by applicable 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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