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Accountant General Ledger

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Valeo

Nov 2

  • Job
    Full-time
    Junior, Mid & Senior Level
  • Accounting & Tax
    Banking & Finance
  • Chennai
  • Quick Apply

AI generated summary

  • You need a Master's in Finance or CA/ICWA (Intermediate) and 2-5 years of industrial experience, along with preferred SAP working knowledge.
  • You will post GL entries, run transactions in SAP, reconcile accounts, manage fixed assets, prepare financial statements, ensure compliance, and monitor period close activities.

Requirements

  • Masters degree in Finance , CA/ICWA (Intermediate) with Industrial Experience of 2-5 years + SAP working knowledge Preferred

Responsibilities

  • Post GL entries
  • At the Managing Entity level and provided by the SAS through the MAES sheet after checking consistency, relevance and that proper supporting documentation is available
  • At the Legal Entity level based on guidance provided from the SSC Chief Accountant
  • In MAF accounting (IFRS) as well in Statutory Accounting (Indian GAP)
  • Run the closing transaction in SAP
  • Valuation of balance sheet at closing rate for debtors/creditors in foreign currency
  • Depreciation expense for the period
  • Account clearing (GRNI, cenvat, custom..)
  • Formalize Accounts Reconciliation
  • Perform Bank Reconciliation on monthly basis
  • Fixed Asset Ledgers reconciled with Trial Balance
  • Roll forward of equity (opening + P&L + capital infusion - dividend paid = closing)
  • Roll forward of Fixed Assets (opening + acquisition – disposal = closing) supported with Site documentation
  • Roll forward of Fixed Assets Depreciation (opening + depreciation expense from P&L - depreciation from disposed assets = closing)
  • Roll forward of Inventory by class of inventory (opening + variation accounts from P&L = closing)
  • Roll forward of Inventory provision by class of inventory (opening + variation accounts from P&L = closing)
  • Roll forward of accrued liability by nature (opening + increase – reversal = closing)
  • Documentation of all manual accounts with proper supporting documentation by nature
  • Perform Accounts Review
  • Review of Asset Under Construction including aging and signed In Service Certificate for transfer in FA and start of amortization
  • Review Site inventory review and Stock in transit documentation for proper
  • Run the MAF allowance for doubtful account
  • Update Accruals
  • Reverse prior month accrued interest, assess and record the current month accrued interest
  • Reverse prior month accrued taxes, assess and record the current month accrued taxes
  • Review the aging of all accruals and request guidance from Site accordingly
  • Monitor the Period Close
  • Insure proper period close in Compass
  • Insure proper carry forward of closing balances
  • Prepare the Financial Statements
  • Insure proper presentation of the Financial Statements both in MAF (RM, RS) and Statutory (Schedule 6) passing the required reclassification entries
  • Compliance
  • Perform all activities in line with the Valeo MAF, the SSC GL User Manual and the Valeo Code of Ethic

FAQs

What are the primary responsibilities of the GL Accountant?

The primary responsibilities include posting general ledger entries, conducting account reconciliations, managing closing transactions in SAP, and preparing financial statements while ensuring compliance with Valeo's MAF and ethical standards.

What qualifications are required for this position?

A Master's degree in Finance or CA/ICWA (Intermediate) is required, along with 2-5 years of industrial experience and preferred SAP working knowledge.

Is prior experience in accounting necessary?

Yes, candidates should have 2-5 years of industrial experience in accounting.

What type of contract is offered for this position?

The position is offered as a permanent contract.

Where is the job location?

The job is organized under SSC Financial Control VHG, but specific location details may vary; it’s recommended to check with the HR department for exact information.

What is the work schedule for this role?

The work schedule for this role is full-time.

Are there opportunities for career growth within the company?

Yes, Valeo offers a multi-cultural environment with many opportunities for career growth due to its large workforce and international presence.

Does Valeo prioritize environmental sustainability?

Yes, Valeo is highly committed to reducing the environmental impact of its activities and has been ranked by Corporate Knights as the top company in the automotive sector for sustainable development.

What kind of work environment can an employee expect at Valeo?

Employees can expect a multi-cultural environment that values diversity and encourages international collaboration among colleagues.

Is SAP knowledge mandatory for this job?

While it is preferred, prior working knowledge of SAP enhances a candidate's suitability for the role.

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Valeo

Smart technology for smarter mobility.

Manufacturing & Electronics
Industry
5001-10,000
Employees
1923
Founded Year

Mission & Purpose

As a technology company and partner to all automakers and new mobility players, Valeo innovates to make mobility cleaner, safer and smarter. Valeo is a technological and industrial leader in electrification, driving assistance systems, reinvention of the interior experience and lighting everywhere. These four areas, vital to the transformation of mobility, are the Group's growth drivers. Valeo in figures: 20 billion euros in sales in 2022; 109,900 employees at December 31, 2022; 29 countries, 183 plants, 21 research centers, 44 development centers, 18 distribution platforms. Valeo is listed on the Paris Stock Exchange. Valeo, entreprise technologique, partenaire de tous les constructeurs automobiles et des nouveaux acteurs de la mobilité, œuvre pour une mobilité plus propre, plus sûre et plus intelligente, grâce à ses innovations. Valeo dispose d’un leadership technologique et industriel dans l’électrification, les aides à la conduite, la réinvention de la vie à bord et l'éclairage à l’intérieur et à l’extérieur du véhicule. Ces quatre domaines, essentiels à la transformation de la mobilité, sont les vecteurs de croissance du Groupe. Valeo en chiffres : 20 milliards d’euros de CA en 2022 ; 109 900 collaborateurs au 31 décembre 2022 ; 29 pays, 183 sites de production, 21 centres de recherche, 44 centres de développement, 18 plateformes de distribution. Valeo est coté à la Bourse de Paris.