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Accountant General Ledger

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Valeo

3mo ago

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

AI generated summary

  • You need a Master's in Finance or CA/ICWA (Intermediate) plus 2-5 years of industrial experience and preferred SAP knowledge.
  • You will post GL entries, run SAP closing transactions, perform reconciliations, manage fixed assets and inventory, prepare financial statements, and ensure compliance with accounting standards.

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 main responsibilities of the GL Accountant position?

The main responsibilities include posting general ledger entries, running closing transactions in SAP, formalizing accounts reconciliation, performing accounts review, updating accruals, monitoring the period close, and preparing financial statements while ensuring compliance with Valeo standards.

What qualifications are required for the Accountant General Ledger role?

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

What is the work schedule for this position?

The position is full-time.

What type of contract is offered for this role?

A permanent contract (CDI).

Where is the department for this role located?

The department is located in SSC Financial Control VHG.

What kind of company culture does Valeo promote?

Valeo offers a multi-cultural environment that values diversity and international collaboration, providing opportunities for career growth.

How does Valeo view its impact on the environment?

Valeo is highly committed to limiting the environmental impact of its activities and is recognized as the number one company in the automotive sector for sustainable development by Corporate Knights.

Can I expect to work with a global team at Valeo?

Yes, you will work with colleagues from over 31 countries, making it a diverse and international workplace.

What tools or systems will I use in this role?

The role involves using SAP for running closing transactions and monitoring financial activities.

Is prior experience in accounting necessary for this role?

Yes, prior industrial experience of 2-5 years in accounting is necessary for this position.

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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.