Financial Reporting Accountant jobs at Sap in India, Bengaluru

Key Responsibilities:

• Manage and generate internal and external credit governance reports, ensuring accuracy and compliance with all regulatory and internal standards.
• Develop detailed projections and impact analysis for credits by LOB and credit type, assessing their effect on the company’s financial position, specifically focusing on Free Cash Flow (FCF).
• Oversee and track credit governance processes to ensure compliance with credit policies and guidelines, including mitigating any potential risks or discrepancies.
• Collaborate with key stakeholders across finance, accounting, sales, and operations to provide actionable insights on credit impact and drive informed decision-making.
• Contribute to the preparation of monthly, quarterly, and annual reports for management and other stakeholders, providing a clear analysis of credit data and trends.
• Lead the identification of trends, discrepancies, and potential risks within credit data to improve forecasting and risk mitigation strategies.
• Support ad-hoc reporting and analysis as required, ensuring alignment with business objectives.

Required Skills and Qualifications:

• Strong background in credit management, finance, accounting, or a related field with at least 2-5 years of experience in credit management or financial reporting.
• Proficient in data analysis and reporting tools (e.g., Excel, SAP, or similar), with the ability to manipulate complex data sets and present findings clearly.
• Solid understanding of financial concepts , particularly the impact of credit on Free Cash Flow (FCF), revenue forecasting, and budgeting.
• Exceptional communication skills , with the ability to effectively collaborate with senior stakeholders, present data insights, and make recommendations for process improvements.
• Strong attention to detail , ensuring accuracy in reporting and analysis, and the ability to meet tight deadlines under pressure.
• Proven ability to work independently and within a team , with a proactive approach to solving problems and managing multiple tasks simultaneously.
• Experience in creating financial reports for different business areas, including senior-level stakeholders and external auditors.
• Language Skills: Fluent in English (written and spoken); additional languages are a plus.

Desirable Skills:

• Experience in business forecasting , with a focus on credit and financial planning.
• Knowledge of SAP or similar ERP systems , with experience in working with large-scale data sets and systems.
• Understanding of operational and financial impacts of credit policies , with a proven ability to identify and address inefficiencies or risks.
• Experience in risk management , specifically related to credit governance and financial compliance.
• Ability to develop and implement process improvements within the reporting framework to enhance efficiency and accuracy.
• Advanced Excel skills , including working with pivot tables, macros, and financial modeling tools.

This is an exciting opportunity to contribute to the global operations of a leading organization while developing your expertise in credit management. You will play a key role in ensuring the efficient and effective management of credit processes, working alongside a talented and diverse team.

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What You'll Do

As an, you will play a key role inIntercompany Accounting and Management Allocations, ensuring accurate and timely financial transactions. Your main responsibilities include:

• Posting and reconciling intercompany journal entries to ensure financial accuracy.
• Managing intercompany requests , keeping stakeholders informed and resolving discrepancies.
• Running allocation cycles , including assessment and distribution of costs.
• Processing expense and revenue reclassifications from the CO-reposting inbox.
• Supporting month-end closing activities to ensure smooth financial operations.
• Providing operational support to Controllers and maintaining strong business relations.
• Collaborating with the Allocation Accounting Center of Excellence (CoE) for process improvements.
• Contributing to global standardization efforts , aligning processes across different regions.

What You Bring

To be successful in this role, you should have:

• At least two years of experience in accounting , preferably in management accounting or intercompany processes.
• Fluency in English (both written and verbal) for effective global communication.
• Strong analytical and problem-solving skills to identify and resolve financial discrepancies.
• Proficiency in SAP systems and MS Excel to manage financial transactions efficiently.
• Excellent interpersonal skills to collaborate with internal stakeholders across different locations.
• A team-oriented mindset , capable of working in both virtual and on-site teams.
• Adaptability to an international environment , valuing diversity and inclusion.

Within GFS, theis responsible for. As part of the
Allocations Accounting team, we focus on:

• Management Allocations – Handling cost allocations, approval processes, and operational support.
• Intercompany Accounting – Ensuring compliance in intercompany financial transactions.
• ICO Royalties – Managing cost allocation of third-party royalty expenses and legal license fee calculations.

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WORK EXPERIENCE

• Qualified Accountant with suitable experience in finance & accounting, or special focus on Revenue Accounting.
• At least 1 year of experience in Record-to-Report processes, or at least 3 years of finance experience in other areas.
• Or a minimum of 2 years of practical accounting experience (accounting function in a corporate organization or audit firm).

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In this position, you will not only prepare financial statements, but also leverage your expertise in IFRS, local GAAPs, and technical accounting to manage financial reporting for multiple entities. You will also engage in cross-functional projects, contribute to automation initiatives, and gain exposure to high-impact areas.

• Prepare Financial Statements: Prepare financial statements under IFRS and other GAAPs of SAP subsidiaries, ensuring accurate identification and adjustment of differences between IFRS and local GAAPs.
• Collaboration: Work closely with external and internal stakeholders including Tax, Treasury, and Controlling, providing exposure to diverse areas of financial management.
• Continuous Improvement: Support the automation and standardization of financial statement preparation, in accordance with SAP's strategy to streamline processes, improve efficiency and ensure accuracy and compliance. • Tackle Complexity: Dive into complex topics like hyperinflation accounting, business combinations under common control and consolidation, providing expertise and solutions.
• Technical Analysis: Research and prepare technical memorandums to address scenarios to support the rationale and accounting treatment for relevant topics (only for Senior).

• Qualified accountant with at least 4 to 6 years of experience in preparing and/ or auditing financial statements – Big Four experience is a plus.
• Deep professional experience including application of IFRS accounting.
• Able to articulate positions with excellent communication skills. • Assertive and able to work both independently and within a global team.
• Fluent in spoken and written English is a must (other languages being a plus).
• Excellent in MS Excel, knowledge of accounting-related functionalities in SAP ERP preferred.
• University degree with special topics in finance, preferably accounting and/or auditing (CPA / CA / ACCA a plus).

Yearly bonuses, sick days paid, and sick leaves fully refunded, contributions to the pension/ life insurance, meal vouchers, holidays 5 weeks, educational courses, coaching and mentoring opportunities, free massage, cafeteria plan, free fitness studio, generous shares program, etc.