Finance Shared Services Job Description
Finance shared services
provides leadership on simplification and efficiency of processes and tools (Excel, sub-ledger detail, reconciliations, allocation calculations, etc.).
Finance Shared Services Duties & Responsibilities
To write an effective finance shared services job description, begin by listing detailed duties, responsibilities and expectations. We have included finance shared services job description templates that you can modify and use.
Sample responsibilities for this position include:
Manage our existing US shared services organization, which includes finance and accounting, credit and collections, accounts payable, procurement, and royalties / participation accounting
Focus on Revenue Accounting -Waterfall Revenue Adjustment, Revenue Gross Down, Revenue Transfers, FOB Destinations, Return Merchandise Accounting, Sales Return Accrual Analysis
ENSURES THAT ALL SUPPLIERS ARE PAID IN ACCORDANCE WITH TERMS AND THAT TRANSACTIONS ARE CODED ACCURATELY BEFORE BEING TRANSFERRED TO THE GENERAL LEDGER
OVERSEES ALL FUNCTIONS RELATED TO THE MONTH-END CLOSE, INCLUDING TRANSFERRING INVOICES AND CASH RECEIPTS TO THE GENERAL LEDGER AND RECONCILIATION
RESPONDS TO ALL AUDIT AND ACCOUNTING QUESTIONS, CONCERNS AND INQUIRIES
Develop strategic plans for setting up shared services center for assigned finance/accounting activities
Benchmark shared services organization against other companies to identify and implement process improvements
Maintain and run assigned allocation models for Actual, Forecast and Plan, as required
Identify and implement process and system improvements to increase overall efficiency and accuracy
Update assigned models to accurately reflect requested changes to allocation rates and other business rules housed within the allocation models
Finance Shared Services Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Finance Shared Services
List any licenses or certifications required by the position: PMP, LEAN, ITIL, HR, CSM
Education for Finance Shared Services
Typically a job would require a certain level of education.
Employers hiring for the finance shared services job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Business, MBA, Business/Administration, Education, Economics, Administration, Business/Management, Graduate
Skills for Finance Shared Services
Desired skills for finance shared services include:
Microsoft Excel
Accounting processes and policies
Internal control and reporting standards
SOX
Excel
General ledger
Specific functional area
Accounting
GAAP
MS Office Excel and Access
Desired experience for finance shared services includes:
Candidates will have in depth knowledge of Divisions within the Firm
Prepare and post adjustment capture and/or PeopleSoft allocation journal entries in an accurate and timely manner
Provide timely and accurate monthly, quarterly, forecast and plan allocation reports to finance and business partners within established SLA parameters
Develop and maintain detailed model documentation for assigned models
Maintain current knowledge of models for which backup responsibilities are assigned
Follow all established governance and control processes
Finance Shared Services Examples
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Finance Shared Services Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of finance shared services. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for finance shared services
- Royalty Accounting (Audience Solutions Division data contracts)
- Partner with Technical Accounting Group on implementation of ASC 606
- Breadth of understanding of Finance & Accounting
- Generalist" understanding of Finance and Accounting, Customer Service and Master Data
- Bachelor degree in business, accounting or related discipline
- Act as a subject matter expert and provide proactive advice on items related to cost allocations
- Oversight of client relationships across Business Units
- Develop and oversee administration of internal metrics across Shared Services
- Utilize metrics to influence efficiencies across internal teams and business partners
- Maintain an external lens to ensure the Shared Services organization is consistently monitoring trends and best practices across the industry
Qualifications for finance shared services
- Excellent ability to manage large volumes of data using various systems
- Knowledge and experience with financial systems (EPM), Docunet, OnDemand
- Proven time management, planning, organizational and problem solving skills
- Proficiency in MS Access (running and maintaining querries)
- Working knowledge of various costing techniques including allocations and Activity Based Costing (ABC), SAS ABM / Other Costing Software, experience with OLAP reporting or Enterprise Guide
- CPA, MBA or finance related work experience
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Finance Shared Services Job Description
Job Description Example
Our growing company is looking for a finance shared services. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for finance shared services
- Identify and develop Shared Services priorities, driving an environment of continuous improvement
- Oversee the monthly and quarterly close processes at an operational level for each Business Unit through management of the Close Calendar and ongoing communication
- Lead Projects/Initiatives across the shared Services organization
- Ensure property lease is signed in 2016 and work with the PMO lead to ensure grant
- Lead on the recruitment of the PFS Management team
- Lead the PFS management team ensuring smooth operational running
- Manage the relationship with InvestNI to ensure compliance with the grant contract and receipt
- Manage the PFS training plan, including working with the Department of Employment and
- Create and maintain procedures for managing centre activities, capacity and service
- Define and negotiate the budget for PFS, and manage within the agreed budget
Qualifications for finance shared services
- Project Management experience/PMP designation a plus
- Six Sigma or related process excellence experience a plus
- Experience with leveraging external benchmark reporting and internal operational metrics to drive service levels and demand management
- Ability to influence indirect reporting relationships and business partners
- Oracle Projects experience
- Experience managing Finance related technology projects would be an asset
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Finance Shared Services Job Description
Job Description Example
Our company is searching for experienced candidates for the position of finance shared services. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for finance shared services
- Define and agree SLAs with “in scope” entities, including KPIs, and manage performance
- Lead business development activities in order to deliver transitions to PFS in accordance with
- Procure to Pay (Purchase Order Creation, Accounts Payable, Travel & Expense Reporting)
- Order to Cash (Invoicing/Billing, Credit Management, Collections, Payment Application
- Develop key relationships with customers – both internal and external
- Lead financial shared services team of approximately 34 employees in US
- Ensure adherence to Corporate Policy and Internal Control procedures globally for Order to Cash, Procure to Pay functions
- Focus on customer service and satisfaction, including regularly publishing metrics such as cost, quality, controls and customer satisfaction and engaging key stakeholders on a regular basis
- Developing annual budget and performance goals
- Maintain environment of continuous improvement in financial shared services
Qualifications for finance shared services
- This role requires a proactive approach, a high level of attention to detail, taking responsibility for multiple actions and activities within deadlines
- B.Com /B.Sc/B.C.A/B.Tech / BE/B.A
- Medium level of proficiency in MS Access
- Experieince and/or awareness of SalesForce.com workflow and process capabilities
- Awareness of 3rd party cloud and system solutions for centralizing AR and AP processes
- Bachelor’s Degree and at least 7 years of experience in leading global transformation efforts
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Finance Shared Services Job Description
Job Description Example
Our company is searching for experienced candidates for the position of finance shared services. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for finance shared services
- Proper and timely deduction and deposit of Withhold taxes, provident fund, ESI and other labour compliances like PF UAN linking, transfer/withdrawal process
- Assist in managing shared services order management process (RMA, Credit rebills, Order Reviews etc) and addresses order processing issues of a technical or revenue recognition nature operational issues
- Acts as a true team player to assist others to ensure communicated timelines are met and to work collaboratively with other local, International and US finance team members certain sales, sales operations and legal team members
- Carry out the required data inputs and outputs to and from the SAP vendor Master to include follow up processes bank details for both GB & Ireland
- To carry out the inter and intra company invoicing process through the verification of invoices and the maintenance of proper supporting documentation in order to ensure that charges are allocated to the right accounts
- To carry out all opera related IC transactions on a daily basis in order to ensure balancing
- To carry out all the required process in order to ensure the OC & ENT checks are accurately charged
- To segregate all the HB intercompany vouchers for all the SBU’s separately
- To create and to check intercompany charges in the Paymaster in Opera of all the SBUs
- Reconciliation of F&B Intercompany charges between Accounts Receivable of a SBU and the Accounts Payable of the other SBU
Qualifications for finance shared services
- Proven skills in business partnership, negotiation, and supplier management
- 10 + years of relevant work experience (Chartered Accountancy training preferred) and/or a Bachelors or Master Degree
- Expertise in process analysis, documentation, improvement and automation
- Strong computer and data analysis skills using ERP systems and Microsoft Office
- Strong communication, relationship building, influencing, persuasion, presentation, conflict resolution and business analysis skills
- Consistently demonstrates high integrity combined with good business judgement and strives to identify, recommend and select the best overall solution
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Finance Shared Services Job Description
Job Description Example
Our company is looking for a finance shared services. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for finance shared services
- Monitors the month end accounting close, including the production and review of accounting/financial reports for corporate and subsidiary divisions
- Defines/Ensures accounting applications are properly maintained
- Assists with defining and reviewing accounting and systems support processes and makes suggestions for improvement
- To carryout opera related intercompany settlements on the daily basis
- To complete the AR Settlement of F&B intercompany charges
- To send Backup to all Managed SBU through TNT for F&B charges
- Follow up with other SBUs for rectification of the intercompany charges not posted and the ones posted in wrong AC code
- To post all the credit notes against rebates done by the various SBU’s
- To post an Auto Reversal for all IC remaining days after Opera guest ledger cut off
- To post various cross charges between SBU's
Qualifications for finance shared services
- Be a self-starter with a positive, can-do attitude
- Attention to detail with the ability to present/articulate analytical results and facilitate decision-making
- CA or CPA is required
- Must have the ability to lead and influence the organization with integrity and respect
- Ability to work varied shifts when needed to match the Shared Services requirements during critical periods of month end close, new transitions or strategic projects
- At least 1 year of cumulative work and/or internship experience