Senior Associate- Fixed Assets & Lease Accounting

About the Role:

OSTTRA India

The Role: Senior Associate- Fixed Assets & Lease Accounting

The Team: Osttra Finance Team is based out of the UK, India, Penang, Sweden and US. It is an entrepreneurial  team, who is highly energetic, flexible, dynamic and works beyond boundaries to deliver the real values. We are standing up an independent global finance team.  

The Impact: OSTTRA has the largest financial institutions in the world as clients. We believe that long-term value to the client is the most important goal of our team, and technology is the tool to bring that value, and your contribution in the form of delivery, improvements and innovations can have a significant impact on the financial system.

What’s in it for you : As a Senior Associate will be part of the Record to Report team within OSTTRA Finance Team, focusing specifically on the accurate and timely accounting and management of Fixed Assets & Lease Accounting. This position requires a good understanding of accounting principles (particularly US GAAP, ASC 842 & IFRS 16) and meticulous attention to detail to ensure the integrity of financial records. The successful candidate will be responsible for the end-to-end accounting of fixed assets, lease accounting including asset creation, disposal, retirement, depreciation runs, owning & managing lease accounting schedule and associated journal entries, ensuring compliance and providing insightful commentary.

Working Hours: India Hours (the candidate must be flexible to support UK hours)

Responsibilities and Impact

The Senior Associate is responsible for ensuring the ledger integrity encompassing several duties, including but not limited to:

• Fixed Assets Lifecycle Management: Managing the end-to-end accounting of fixed assets, including asset creation, capitalization, disposal, and retirement processes in the SAP ERP system.
• Depreciation & Amortization: Executing regular depreciation runs and ensuring accurate calculation and posting of depreciation and amortization expenses in compliance with US GAAP.
• Month-End Close - Fixed Assets: Managing the month-end close cycle specific to fixed assets, ensuring all associated accounting adjustments are accurately recorded within stipulated timelines and in adherence to OSTTRA's month-end closing calendar.
• Lease accounting: Working knowledge of lease accounting and able to manage aspects of OSTTRA's lease accounting in compliance with IFRS 16 and ASC 842, including the maintenance of lease schedules and monthly journals.
• Compliance (US GAAP): Ensuring all fixed asset accounting practices and reporting are in strict compliance with US GAAP.
• Reporting & Commentary: Preparing month-on-month commentary and analysis on fixed asset movements, depreciation trends, lease accounting and significant variances to support management reporting. Exposure in creating and maintaining reports in SAP to support management reporting.
• Internal Controls: To ensure month end processes are governed as per local policies and procedures and are complied with the internal financial control process at OSTTRA.
• Reconciliation & Substantiation: Performing sub-ledger to general ledger reconciliation and substantiation of fixed asset accounts to ensure accuracy and resolve any discrepancies promptly.
• Audit Support: Leading the engagement with auditors for the end-to-end fixed assets process and ensuring timely closure of audit items.
• Process Improvement: Proactively identifying opportunities to enhance and streamline fixed asset accounting processes, leveraging automation and best practices to improve efficiency and accuracy.
• Initiatives / Projects: Leading initiatives/projects as required to support any business-driven/system changes related to fixed assets.
• Collaboration: Collaborating with respective cross-functional teams to obtain necessary inputs for fixed asset capitalization and disposals. Collaborate cross-functionally with Business Functions (such as Technology, Facilities, etc ) Group Financial Control, Legal Entity Control, FP&A, and Technical Accounting teams to strategically address and resolve ad-hoc financial and operational challenges.

What We’re Looking For:

Basic Required Experience:

Senior Associate Fixed Assets & Lease Accounting, must possess a mix of Technical & Professional competencies. Looking for 8-10 years of relevant experience. They must be adept at:

• Experience: 8-10 years of relevant experience in an accounting or finance role, with a strong focus on Record to Report activities and comprehensive experience in fixed assets & lease accounting.
• Financial & Accounting Acumen: Good understanding of accounting principles (US GAAP) and financial reporting with specialization in fixed assets accounting.
• Driving Change & System Implementation: Good working experience in process & system transition (Preferably SAP). As a process owner, can play a key role in implementations before go-live and can manage post go-live. Someone who embraces and champions change, thrive in dynamic environments, and drives innovation.
• Team Management: Team lead experience in global working environment, effective delegations within team, goal setting and performance discussions, can build a high performing team with a clear sense of ownership and accountability.
• Communication: Exceptional verbal and written communication skills, with the ability to present complex financial information clearly and concisely to key stakeholders.
• Analytical skills: Strong ability to analyze financial data, identify trends, and explain variances related to fixed assets.
• Attention to Detail: Meticulous approach to reviewing financial data, reconciliations, and journal entries to ensure 100% accuracy.
• Adaptability: Ability to thrive in a fast-paced, dynamic environment and manage competing priorities effectively.
• Problem-solving: Proactive and solution-oriented mindset, with the ability to identify issues and implement effective resolutions.

Technological proficiency: Strong proficiency in Microsoft Excel (VLOOKUP, pivot tables, advanced formulas) and extensive experience with ERP systems (e.g., SAP, Oracle) for fixed asset modules and general ledger functionalities.

Qualifications:

• Graduates in Finance, and preferred are CA / ICWA / MBA Finance

The Location: Gurgaon, India

About Company Statement: 

OSTTRA is a market leader in derivatives post-trade processing, bringing innovation, expertise, processes and networks together to solve the post-trade challenges of global financial markets.  OSTTRA operates cross-asset post-trade processing networks, providing a proven suite of Credit Risk, Trade Workflow and Optimisation services. Together these solutions streamline post-trade workflows, enabling firms to connect to counterparties and utilities, manage credit risk, reduce operational risk and optimise processing to drive post-trade efficiencies.  

OSTTRA was formed in 2021 through the combination of four businesses that have been at the heart of post trade evolution and innovation for the last 20+ years:  MarkitServ, Traiana, TriOptima and Reset.  These businesses have an exemplary track record of developing and supporting critical market infrastructure and bring together an established community of market participants comprising all trading relationships and paradigms, connected using powerful integration and transformation capabilities.

About OSTTRA

Candidates should note that OSTTRA is an independent firm, jointly owned by S&P Global and CME Group.  As part of the joint venture, S&P Global provides recruitment services to OSTTRA - however, successful candidates will be interviewed and directly employed by OSTTRA, joining our global team of more than 1,200 post trade experts.

OSTTRA was formed in 2021 through the combination of four businesses that have been at the heart of post trade evolution and innovation for the last 20+ years:  MarkitServ, Traiana, TriOptima and Reset.  OSTTRA is a joint venture, owned 50/50 by S&P Global and CME Group.

 With an outstanding track record of developing and supporting critical market infrastructure, our combined network connects thousands of market participants to streamline end to end workflows - from trade capture at the point of execution, through portfolio optimization, to clearing and settlement.

Joining the OSTTRA team is a unique opportunity to help build a bold new business with an outstanding heritage in financial technology, playing a central role in supporting global financial markets. 

Learn more at www.osttra.com.

What’s In It For You?

Benefits:

We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.

Our benefits include: 

• Health & Wellness: Health care coverage designed for the mind and body.

• Flexible Downtime: Generous time off helps keep you energized for your time on.

• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.

• Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.

• Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families.

• Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.

For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries

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