Pune, Maharashtra, in Business and Financial Operations Occupations
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If you desire to be part of something special, to be part of a winning team, to be part of a fun team – winning is fun. We are looking forward to an Sr Analyst,APAC Region in Eaton’s Global Financial Shared Services Center, based in Pune, India. In Eaton, making our work exciting, engaging, and meaningful; ensuring safety, health, wellness; and being a model of inclusion & diversity are already embedded in who we are - it’s in our values, part of our vision, and our clearly defined aspirational goals.
Identify reason customers deduct and resolve deductions/dispute in tandem with various Eaton Departments, communicate credit department and company payment policy, participate in process improvement projects, and support other management directives as prescribed.
This exciting role offers opportunity to:
The individual in the role will be part of GFSS Pune team responsible and accountable to perform the key accounting and high end PTP transactional activities for daily operations of the customers in EMEA from GFSS, Pune. The incumbent will be part of the team that would work together with the transitions team. The individual should understand the process workflows well and be able to decipher the process interconnect and impacts. This role is instrumental in supporting the Plant Controller and accounting manager to ensure an adequate internal controls environment throughout the plant. This includes the effective deployment of accounting and resolution in areas of Indirect Taxation (VAT), invoice hold resolution, cash management for payments, interface management, comprehensive account reconciliation and reporting etc. to name a few. This position also has responsibilities for ensuring financial accounting activities at the location are in compliance with generally accepted accounting principles, local statutory requirements and Eaton Corporate policies and practice.
Process Centric – Thorough and in-depth understanding of the entire Purchase to Pay life cycle which includes Master record maintenance, Invoice Management, Invoice matching and resolution, Payment, Interface, reconciliation, reporting etc. Key focus will be to ensure effective management of the various stages of the PTP activities that drive accurate and timely accounting. Responsibilities include effective gatekeeping for Vendor Master Maintenance, Indirect Tax (VAT) Accounting and reconciliation including Withholding tax (if applicable), hold/block invoice resolution, cash management for timely payments including forecasting, interface management and resolution from inbound applications, reconciliations (GRIR, Vendor etc.), proposal for write offs (if any), reporting – DPO, AP to name a few. Demonstrate high level of efficiency, learning agility and ensure a high level of accuracy. Provide business partnership to all areas of plant with regard to functional expertise and cross-functional support, providing guidance and education as needed to plant personnel to achieve financial objectives.
Control & Compliance - Promote and maintain an effective Internal Control environment that supports compliance with both US GAAP and all local & statutory requirements in all countries where the GFSS, Pune provides transactional services. This includes compliance with all the requirements of Sarbanes Oxley (SOX), and controls as defined by the Internal Control Program Office.
Process Standardization: Ensure alignment to globally defined SSC processes including the periodic review of existing controls and governance of the standard processes.
Collaboration - Collaborates with the stakeholders to support overall goals and objectives. Work closely with the Team Leader - Accounting in achieving the required goals and timelines. Ability to cut across functions and drive cross functional initiatives which contribute to ultimate Eaton Goals
Continuous Improvement- Drive a lean culture using EBS Lean tools – Six Sigma, BPIs etc. and, using technology like Robotics Process Automation (RPA). Quality culture: Drive and leverage various systems and tools to automate processes and drive process improvements. Must use quality tools like BPI, EBE, etc.
Collaborate with peers in GFSS to ensure engagement, participation, and contribution to broader goals, policies, and initiatives
Record any measurable statistics which your position impacts such as production expenses, maintenance expenses, sales volumes, payroll costs, capital expenditures, research budgets, cost of purchases, value of inventories controlled, employees supervised (direct and indirect).
Adherence to Timelines as per the statutory calendar with proactive planning and execution for the ledgers
Zero gaps in Audits – SOX/Internal/External/II BSR
Standardized processes that are compliant to global standards
No aged items in GRNI reconciliations, Holds, payments on time to vendor are some of the measure for the contribution and success of the incumbent
MBA-Finance or B.com. (Accounting) with required experience
Must have an end-to-end process knowledge for Purchase to Pay process and working understanding of RTR functions like understanding financial statements
Hands on experience of SAP ERP / Oracle R12
Strong data analytics mindset and knowledge of data analytics tools like Power BI, Hyperion, Tableau, etc.
8-10 years of relevant experience
Knowledge of U.S. GAAP, SOX
Knowledge of direct and indirect tax
Excellent analytical, written and oral English communication skills
Ability to work collaboratively across boundaries/business lines.
Manufacturing experience preferred.
Excellent MS Office knowledge (Word, Excel, PowerPoint etc.), Excel Macro
Shift working 14.30 to 23.30 however needs to stretch beyond the shift and be flexible based on the requirements
Dealing with ambiguity, with regards to changes in regulations/external requirements
Systematic process orientation, strong analytical and problem-solving skills
Commitment to compliance
Be a self-starter & be able to operate without close supervision
Drive, enthusiasm, openness, honesty
Influencing skills with relationship building with the customers and stakeholders
Yes! Because you are the one we are looking for, we hope to hear from you now!
We make what matters work. Everywhere you look—from the technology and machinery that surrounds us, to the critical services and infrastructure that we depend on every day—you’ll find one thing in common. It all relies on power. That’s why Eaton is dedicated to improving people’s lives and the environment with power management technologies that are more reliable, efficient, safe and sustainable. Because this is what matters.
We are confident we can deliver on this promise because of the attributes that our employees embody. We’re ethical, passionate, accountable, efficient, transparent and we’re committed to learning. These values enable us to tackle some of the toughest challenges on the planet, never losing sight of what matters.
Region: Asia Pacific Organization: Corporate Sector
Job Level: Individual Contributor Schedule: Full-time Is remote work (i.e. working from home or another Eaton facility) allowed for this position?: No Does this position offer relocation?: No Travel: No