Finance Operations Associate

Ernst & Young is hiring for the role of Finance Operations Associate!

Responsibilities of the Candidate:

• Client set-up/Client acceptance
• Business Development: Conduct market research on potential clients
• Background research on the client (for code setup purposes only), including Google search on company/ directors/ key personnel
• Setting up a new client in Mercury
• OMS and PACE
• Filling and submitting the OMS form
• OAR approval (i.e., processes and OAR approval for engagements exceeding the specified limit).
• Submission of the ICD Form and follow-up for approvals
• Engagement acceptance (Filling PACE forms), checking Markups/conflicts.
• Obtaining clearance from GCSP/CSP/Audit Partner on Channel conflict/allowable services – PE/SEC type of accounts etc.
• Drafting ELs/SOWs/MSAs/PSMs/Acknowledgement agreements/Fee side letter based on standard templates. Engagement Life Cycle
• Managing the engagement life cycle in Mercury.
• Engagement set-up: Setting up engagement code, updating GST details.
• Verifying PSMs received from EY overseas offices & suggesting changes required as per QRM guidelines on PSMs.
• Monitoring WIP / AR status – Follow up with the engagement team for write off/reversal
• ERP, WIP & Unbilled OPEs adjustments (w/off, w/up, transfer, etc) as per instructions from client team
• Closure of Code, followed by Sub code for code closure
• Subcontracting to other SSLs / issuance of Work order. Invoicing
• Raising draft Invoice/final invoice
• Invoice reversal/re-issue
• Raising foreign office invoices
• Verifying SEZ documents for SEZ billing (LOA, SEZ Declaration, Manager email, etc.)
• Follow up with the client/foreign office for collection (wherever mandated)
• TDS follow-up
• TDS reconciliation
• Tax Convention Forms
• Making overseas payments through OPRS requests (Verifying PSMs, TRC, 10F, etc.)
• BRET compliance (submissions and timely renewals)
• Compliance with the procurement process in case any third-party services are procured, EY IMD and GEAR
• Creation of EYI-MD workspace (only for new codes) and basic documents upload
• Uploading ELs on GEAR Preparation of Reports
• Daily/monthly Reports preparation & analysis
• Preparing weekly reports like Cost Analysis, MIS and Actual vs Budgeted
• Weekly tracking of BU – Revenue, Utilization, AR & WIP for the respective locations

Requirements :

• Bachelor of Commerce
• Bachelor of Business Administration
• Master of Commerce
• Master of Business Administration
• Post Graduate Diploma in Management
• 0-2 years in Finance.