Manager, Accounting in Mumbai at PayPal

Date Posted: 11/15/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    Mumbai
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    11/15/2019
  • Job ID:
    R0049845

Job Description

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 286 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

This role is part of the India Controllership team which is responsible for the financial integrity of the accounts for multiple entities in India as well as compliance with policies and standards by maintaining effective controls and corporate governance. This person reports directly to the India Controller and is based in Mumbai

Responsibilities

  • Be a Trusted Partner and advisor to the business and shared functions
  • Work closely with Global Accounting and shared services teams to ensure consistent application of accounting policies across Indian Entities
  • Review of financials and ensure financial statements comply with US GAAP as well as the IND-AS
  • Preparation of monthly financial reports and analytics to support a monthly management review
  • Prepare quarterly financials and analytics for Board meetings for Indian entities
  • Preparation of the statutory financial statements and ensure timely completion of statutory audits for the Indian entities. Point of contact for the external auditors. Prepare all supporting information, coordinate with various internal teams and ensure timely completion of the audit.
  • Ensure regular review of account reconciliations including follow up on closure of open items based on reconciliations
  • Ensure timely corporate tax filings, provide necessary support and response on queries for tax and keep track of various tax assessments by working closely with external tax consultants
  • Identifying risks, monitoring and enforcing internal controls. Drive process control rigor to support quarterly certification on financials. Review business processes to improve/strengthen internal controls and track remediation of control deficiencies.
  • Ensure compliance with all local regulatory and compliance reporting needed for Indian entities.
  • Prepare cash flow forecasts in accordance with organizational requirements.
  • Coordinate on corporate secretarial requirement with internal teams.
  • Ad-hoc projects as assigned, such as new product launches/ initiatives, OE improvements, strengthening of accounting controls, streamlining reports, improving close processes, etc.

Key Internal and External Contacts

  • Accounting policy Group
  • Financial system group and accounting group
  • Global Shared Services group
  • Direct and Indirect tax teams
  • Functional & Regional Business Risk and Internal Controls Community
  • International Finance team
  • India business and functional teams
  • Consulting firms and Auditors
  • Tax Departments and Regulatory authorities
  • Customers and Vendors

Essential

  • Ability to manage local statutory audit, tax returns and filing process for Indian entities
  • Good working knowledge of ERP system and accounting processes in AP, IC, FA and GL
  • Ability to proficiently use Microsoft Office tools, specially MS excel
  • Strong knowledge in indirect tax, corporate income tax, transfer pricing and exchange control regulations
  • Ability to effectively analyse and present financial information to management in a clear and concise manner
  • Good business partnering skills working with various people across different organizations both internal as well as external
  • Excellent communication, coordination and problem-solving skills
  • Able to drive changes to improve processes
  • Ability to document work processes, procedures and policies
  • Project and vendor management skills

Qualifications

  • Bachelor's degree in Commerce from an accredited university
  • Chartered Accountant qualification is a pre-requisite
  • Strong knowledge of US GAAP, IND AS and IFRS
  • 4-6 years of relevant experience
  • Experience with audit procedures and SOX compliance requirements
  • Prior working experience in Big 4 consulting firms preferred

We're a purpose-driven company whose beliefs are the foundation for how we conduct business every day. We hold ourselves to our One Team Behaviors which demand that we hold the highest ethical standards, to empower an open and diverse workplace, and strive to treat everyone who is touched by our business with dignity and respect. Our employees challenge the status quo, ask questions, and find solutions. We want to break down barriers to financial empowerment. Join us as we change the way the world defines financial freedom.

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at paypalglobaltalentacquisition@paypal.com.

R0049845

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