drjobs Head - Shared Services

Head - Shared Services

Employer Active

1 Vacancy
The job posting is outdated and position may be filled
drjobs

Job Alert

You will be updated with latest job alerts via email
Valid email field required
Send jobs
Send me jobs like this
drjobs

Job Alert

You will be updated with latest job alerts via email

Valid email field required
Send jobs
Jobs by Experience drjobs

10-15years

Job Location drjobs

Bangalore - India

Monthly Salary drjobs

Not Disclosed

drjobs

Salary Not Disclosed

Vacancy

1 Vacancy

Job Description

Job Title: Head Shared Services
Department: Finance & Accounting (F&A)

Location: Bengaluru

Type: Fulltime

Job Summary:
The Head Shared Services will be responsible for setting up managing and continuously improving the Finance & Accounting Shared Services function. This role will ensure the smooth establishment and operation of processes related to accounts payable accounts receivable general ledger payroll and other financerelated functions. The role requires deep expertise in setting up shared services from scratch process standardization and driving operational efficiencies. The ideal candidate should have a proven background in managing endtoend F&A functions with strong leadership and project management skills.

Key Responsibilities:
1. Shared Services Setup & Implementation:
o Lead the design planning and execution of the F&A Shared Services Center (SSC) from the ground up.
o Work closely with senior management to define the scope of services and develop an implementation roadmap for the setup.
o Oversee the recruitment and training of the F&A shared services team.
o Identify and select appropriate technology platforms tools and systems to support finance processes (e.g. ERP systems automation tools).
o Develop and document processes and workflows for all F&A functions ensuring scalability and standardization.

2. Process Standardization & Optimization:
o Standardize and optimize finance and accounting processes across multiple business units to achieve operational efficiencies.
o Ensure the implementation of best practices in financial transaction processing reporting and control mechanisms.
o Collaborate with crossfunctional teams (e.g. IT HR Operations) to ensure the smooth integration of processes.
o Drive continuous improvement initiatives to enhance productivity reduce cycle times and improve accuracy.

3. Operational Management:
o Manage daytoday operations of the Shared Services Centre ensuring the accurate and timely processing of financial transactions.
o Oversee key finance processes such as accounts payable (AP) accounts receivable (AR) payroll processing general ledger reconciliations tax reporting and fixed asset management.
o Monitor and ensure adherence to service level agreements (SLAs) and key performance indicators (KPIs) for all financial services provided.
o Act as the primary point of contact for resolving escalations and processrelated issues within the shared services team.

4. Team Leadership & Development:
o Build lead and mentor a highperforming F&A shared services team.
o Foster a culture of accountability collaboration and continuous learning within the shared services environment.
o Develop talent management programs including training and development plans performance appraisals and succession planning.
o Provide leadership and guidance on complex finance issues ensuring the team is aligned with business goals and objectives.

5. Financial Reporting & Compliance:
o Ensure the accuracy completeness and timeliness of financial statements reports and other deliverables.
o Oversee the preparation of monthly quarterly and annual financial reports
ensuring compliance with accounting standards (e.g. GAAP IFRS).
o Ensure compliance with internal controls policies and procedures as well as all applicable regulatory requirements.
o Support internal and external audits by providing required documentation and resolving audit queries.

6. Technology & Automation:
o Lead the automation of repetitive finance tasks using robotic process automation (RPA) or other digital tools to reduce manual workload and improve efficiency.
o Evaluate and implement finance tools (ERP systems financial reporting software) to improve the accuracy and efficiency of financial operations.
o Ensure seamless integration of the shared services centre with other finance and business systems.

7. Stakeholder Management & Collaboration:
o Act as the liaison between the shared services team and senior management business units and external partners.
o Collaborate with key stakeholders to identify their needs and ensure shared services deliverables meet business expectations.
o Manage relationships with thirdparty vendors and service providers for outsourced finance processes.

8. Risk Management & Controls:
o Identify and mitigate financial risks within the shared services function.
o Establish and maintain a strong internal control framework to ensure the integrity of financial data.
o Ensure compliance with all financial regulations and standards minimizing operational risks.

9. Project Management:
o Lead key finance transformation projects from planning and design to execution and evaluation.
o Manage timelines budgets and resources for shared services setup and expansion initiatives.
o Drive postimplementation reviews to assess performance identify gaps and make necessary adjustments.

Qualifications:
Education:
Bachelor s degree in Finance Accounting or a related field. A Master s degree in Finance Business Administration or a related discipline is preferred.
Professional certifications such as CA CPA CMA or ACCA are highly desirable.

Experience:
810 years of experience in Finance & Accounting with at least 35 years of experience in setting up or managing F&A Shared Services.
Prior experience in a leadership role within a shared services environment is essential.

Technical Skills:

o Strong understanding of financial processes such as AP AR payroll general ledger and tax reporting.
o Experience with ERP systems such as SAP Oracle or Microsoft Dynamics. Handson experience with automation tools such as RPA (UiPath Blue Prism etc.) is preferred.
o Knowledge of financial reporting standards (GAAP IFRS) and compliance frameworks.

Key Competencies:

Leadership & People Management: Strong leadership capabilities to build and manage large teams in a shared services environment.
Project Management: Demonstrated experience in managing largescale projects from planning to execution.
Financial Acumen: Deep knowledge of financial operations accounting principles and financial reporting standards.
Process Optimization: Expertise in process standardisation optimization and automation in a shared services setup.
Analytical Thinking: Strong analytical and problemsolving skills with a datadriven approach to decision
making.
Stakeholder Management: Excellent communication and collaboration skills to manage internal and external stakeholders effectively.
Adaptability: Ability to work in a fastpaced and dynamic environment with a focus on continuous improvement and change management.

Benefits:

Competitive salary and performancebased bonuses.
Health and wellness benefits including medical insurance.
Opportunities for career growth within the organization.
Exposure to leading financial technologies and practices.





Qualifications: Education: Bachelor s degree in Finance, Accounting, or a related field. A Master s degree in Finance, Business Administration, or a related discipline is preferred. Professional certifications such as CA, CPA, CMA, or ACCA are highly desirable. Experience: 8-10 years of experience in Finance & Accounting, with at least 3-5 years of experience in setting up or managing F&A Shared Services. Prior experience in a leadership role within a shared services environment is essential.

Employment Type

Full Time

Company Industry

Report This Job
Disclaimer: Drjobpro.com is only a platform that connects job seekers and employers. Applicants are advised to conduct their own independent research into the credentials of the prospective employer.We always make certain that our clients do not endorse any request for money payments, thus we advise against sharing any personal or bank-related information with any third party. If you suspect fraud or malpractice, please contact us via contact us page.