Please note: This is not a Remote role and will require the incumbent to be based in Gurugram, India and work a hybrid schedule.
This is an individual contributor role.
In The Coca-Cola Company's Finance Hub, we are a world-class partner, providing tech-enabled, data-driven insights to our stakeholders, enabling business and operational decision-making. All core processes within the Finance Hub aim to drive improvement to overall shareholder value. As a team, we foster a culture of partnership, integrity, and accountability. The Global Record-to-Report Operations team, within the Finance Hub, is tasked with delivering the end-to-end operational accounting process and activities, uphold quality and gain efficiencies across finance functions.
We are hiring for a
Manager, Record to Report and Tax Accounting, for the Company's India Operations. This role will report to Legal Entity Controller of India & Southwest Asia (INSWA) and be a member of a team of Legal Entity Controllers (LECs), Accounting Managers and Analysts responsible for managing the end-to-end Local GAAP financial reporting, statutory reporting, and tax compliance processes. This role is specifically responsible for statutory reporting and income tax compliance for the Company's Operations in India.
What You'll Do For Us
- Member of the India Record to Report team responsible for managing the financial reporting, statutory reporting, and tax compliance process, which includes support to INSWA Operating Unit and legal entities/companies. Local country statutory filings are done typically annually for financial statements and typically monthly and/or as required for tax compliance. This role is specifically responsible for statutory financial reporting and income tax compliance for the Company's operations in India.
- Partners with Center Finance (primarily the Controller's Group, Corporate Treasury, and Corporate Tax), Region/Franchise, Operating Unit (OU) and CPS India teams to execute work driving business results and regulatory compliance. Collaborates with various Finance teams (i.e., Platform Services/Financial Hub, Controller's Group, Corporate Audit Department, Corporate Treasury, Corporate Tax) to ensure timeliness and accuracy of the company's accounting records, financial statements, and statutory (financial and tax) filings.
- Collaborates with accounting operations teams at a Managed Services Provider in accordance with established governance protocols & procedures. Provides guidance to and oversees the activities and output of the Managed Services Provider team for the specific geography/process.
- Maintains data quality, ensuring compliance with standards and consistency of information output for financial reporting, tax compliance and business consumption in partnership with various teams and stakeholders.
- Supports a healthy internal control environment by executing activities in accordance with designed processes that address control risks as defined in the company's Risk and Control Matrix.
- Contributes to global initiatives that standardize and automate work across the networked organization, and supports changes to policies, procedures, and systems where they can alleviate constraints, risks, and issues.
Specific Role & Responsibilities
- Reviewing the Local GAAP Financial Statements and ensuring compliance with local accounting and auditing standards, Indian Companies Act 2013 (as amended), Indian Income Tax Act, 1961 (as amended), GST Act and other applicable legal acts in India.
- Managing end to end Statutory Audits of Indian Legal entities comprising of CPS operations in India. This includes review, supervision, co-ordination with auditors, external stakeholders and internal stakeholders in CPS, OU, Finance Hub, and Managed Service Provider.
- Review of various filings and forms under MSMED Act, FEMA Act, Companies Act and other applicable legal acts in India.
- Review, compile and co-ordinate with relevant stakeholders for Board Meeting information.
- Managing end-to-end Internal Audit conducted by an external independent audit firm.
- Reviewing and preparing Indian income tax provision on a monthly/quarterly/annual basis.
- Compiling and analyzing financial information for the preparation of Indian income tax filings and managing quarter end and year-end tax processes.
- Reviewing Indian withholding tax filings and forms like Form 15CA; royalty computation, manual debit notes, treasury related information and other ad-hoc support.
- Managing GST Audit and co-ordination with external auditors and internal stakeholders.
- Partnering with various stakeholders to support external audits, tax notices and litigations.
- Managing other ad-hoc accounting and Indian income tax related projects (as necessary).
- Compiling and reviewing the detail of leases as per Local GAAP for the Indian Legal entities.
- Reviewing pension accounting and co-ordination with actuary and local CPS teams.
- Reviewing monthly Trial Balance analysis prepared by Managed Service Provider.
- Reviewing Balance Sheet narratives, Cash Flow statements, Cash Flow Narratives and Balance Sheet Reconciliations, year-end forms and supporting the disclosure processes.
- Reviewing and providing support for lease accounting and lease submissions to Corporate.
- Supporting the annual process of identification of Company Related Parties transactions.
- Reviewing intercompany transactions and stock transfers between entities in India.
- Partners with various stakeholders in implementing new business transactions or models including CPS brownfield and greenfield operations, as required.
Qualification & Requirements
- Bachelor's degree in finance & accounting is required. Professional certifications (CPA/ACCA/Chartered Accountant) would be desired.
- 6-8 years of financial accounting/reporting and tax reporting/compliance experience in a multi-national company with a global footprint. Preferably experience in working with a Managed Services Provider across diverse cultures and time zones.
- Strong knowledge of Indian GAAP, IFRS, Companies Act 1913 (amended) and Indian Income Tax, 1961 and Transfer Pricing Regulations.
- Strong understanding of SAP S/4 Hana and/or equivalent financial and tax reporting tools and systems.
- Relevant involvement in change projects and initiatives, with an operational excellence mindset.
- Critical thinking, business knowledge, and problem-solving skills working with multiple internal and stakeholders, internal and external auditors, third party vendors, understanding risk and urgency in the preparation and delivery of an appropriate response balanced against competing deliverables.
- Able to work in a fast-paced environment, with ability to multi-task with proven follow-through and adherence to changing priorities and deadlines.
- Strong demonstration of business acumen, financial competency, English language fluency, global thinking, effective communication, systems proficiency, change adaptability, flexibility, being able to operate in ambiguous situations, business partnership and collaboration, and risk management.
What can help you be successful in the role
Growth Behavior
- Growth Mindset: Demonstrates Curiosity. Welcomes failure as a learning opportunity.
- Smart Risk: Makes bold decisions/recommendations.
- Externally Focused: Understands the upstream and downstream implications of his/her work.
- Performance Driven & Accountable: Has high performance standards. Outperforms her/his peers.
- Fast/Agile: Removes barriers to move faster. Experiments and adapts. Thrives under pressure and fast pace.
- Empowered: Brings solutions instead of problems. Challenges the status quo. Has the courage to take an unpopular stance.
Leadership Behavior
- Act Like an Owner: Deliver results, creating value for our brands, our System, our customers and key stakeholders.
- Collaborate with the System, Customers and Key Stakeholders
- Develops Self and Others: Develop self and support others development to achieve their full potential.
- Drive Innovation: Generate new or unique solutions and embrace new ideas that help sustain our business.
What We Can Do For You
- Career growth and development: Leveraging our boundaryless network, we provide access to educational platforms and provide coaching, mentoring and feedback, as a part of our Leadership & Development process.
- Diverse and inclusive culture: You'll be embraced for who you are and empowered to use your voice to help others find theirs. We want to make our culture inevitable.
- International Experience: Become part of international projects and work along multicultural teams, through our global network.
Skills
Statutory Reporting; Finance; Tax Compliance
