It's OK to me. Some of the description is repetitive like Analyzing Financial Statement. May be he mentioned job under 2 designation. In not then club those into one or write designation-wise responsibilities. Also made some changes in the sequence.
Setting up Accounting Systems – He was very actively involved in SAP go live from legacy system. He was responsible completing “User acceptance test”. He was also responsible for applying new ways of doing work on SAP. He was also part of Hyperion up gradation. He liaison with Hyperion consultants & helped other team members who were involved in upload of intercompany numbers into Hyperion.
Internal Controls – Along with complying of internal control & SOx controls, he was also responsible to check that if other team members are adhering to controls or not.
a. He was responsible for maintaining SOx for the whole team & he used to check that all the SOx requirements are complied with.
b. We had some internal controls in journal entry processing like approval matrix, back up requirements, time lines etc. He was responsible to review if these controls complied by team members or not.
Reconciliations – In his initial days, he was also responsible for preparing balance sheet reconciliations. He used to prepare intercompany reconciliations to match intercompany balances at month end closing.
Audit Responsibility – He is responsible for all the audit queries on the Balance Sheet & interacts directly with PwC.
Tax returns – He reviews VAT numbers on quarterly basis before filing with HMRC. He cross checks all the different reports from the system & make sure we are complying with all the legal requirements. He ensures reposting of all zero rated EU purchases in our VAT return. He ran a project on EU vendors who were charging us VAT & agreeing with them to send zero VAT invoices as per EU law.
He is also responsible for preparing corporation tax schedules (as advised by internal tax department) on quarterly basis & calculates quarterly amount payable to HMRC.
He is also responsible for reviewing work of other teams like AP/AR aging report, sub-ledger to GL reconciliation, payment run reviews, Balance Sheet reconciliation reviews. He is also responsible for supporting cash application team in finding account coding for proper accounting of all the cash transactions.
Preparing Reports – He was responsible for preparing several management reports.
a. He used to prepare sales & cost of goods sold report of top ten products.
b. He used to prepare sales & profit reports for which were required by government to maintain periodical statistics.
c. He used to prepare ad-hoc reporting of newly acquired companies.
Analyzing Financial Statements - He used to prepare commentary on comparison analysis of Balance Sheet & P&L numbers. Numbers which used to be compared were Actual numbers of the current month with previous month/same month of last year/budget numbers.
Analyzing Financial Statements – He is responsible for analyzing our Balance Sheet numbers. He ensures that open items sitting in balance sheet gets cleared on time. He also ensures that we have proper backups for the items sitting in Balance sheet. He is also responsible for preparing weekly & monthly cash flow commentary by looking & movement in balance sheet accounts, Operating profit & actual cash. Repetitive.
Supervising work of team – He was responsible for supervising work of other team members. He has supervised & reviewed work of journal processing team, other subordinates who were used to assist in achieving overall objectives of the team. Repetitive.
Training to other team members – He has also trained new joiners on MS-excel, SAP & other soft skills. He has also given training on Hyperion to junior resources who were required to elevated to higher responsibilities in the team. Repetitive.
Others – He was also responsible for once in a year kind of work. He was responsible for completing insurance templates for assets at the time of renewal of insurance policy.
Preparing Reports – He is responsible for preparing forecast numbers. At each month end he has to prepare a report on variance with actual & forecast numbers. On weekly basis he prepares a report on cash forecast of next 12 weeks & also provides analysis of variance in actual cash & forecasted numbers as compare to previous week. Repetitive.
Supervising work of team – He is responsible for delivery of two other team members. He supervise their performance in area of intercompany agreements, regular & ad-hoc journal entries like payroll, interest on loan etc., preparing intercompany schedules. Repetitive.
Setting up Accounting Systems – He is playing a very important role our transition from Oracle to SAP which is our local system. He is responsible for finalizing monthly revaluation method in SAP. He has to compare gain/loss on foreign currency revaluation in SAP & Oracle for couple of months to check if both are giving same results. He is also responsible for setting up bank accounts in SAP, to make sure we have all bank accounts set up in SAP. Repetitive
He is also responsible for P11D & PSA returns. This is regarding payment of NI due on employee benefits which are not covered by payroll like interest free loans etc.
Training to other team members – He explored some of the untouched features of Hyperion like smartview & trained other team members in analyzing the numbers. As a senior resource he used to advise team members on other features in excel, which expedite the completion of work.
