Manager, Accounting - US GAAP Ledger

Job Description

Build the future of data. Join the Snowflake team.

Snowflake is looking to hire a Manager to be a part of its world class Accounting and Finance Organization. The position requires a well-rounded individual who has demonstrated the ability to deliver results in a high-growth, dynamic, and fast-paced environment. You are versatile, analytical, motivated, creative, intellectually curious, a strong communicator and collaborator. You will work on areas such as Project Accounting (Accounting for acquired Entities, automation projects) and support PO Accruals, Prepaid, non-PO based accruals, BS and IS Fluxes, Fixed Assets, and Intangible. To be successful in this role you should have a clear understanding of general accounting principles for the above areas. Furthermore, working knowledge of a global ERP system is greatly beneficial. This role also supports monthly reconciliations and audit support. You will also be required to maintain effective internal controls and ensure accounting activities are US GAAP compliant. Additionally, there will be ad-hoc projects to help streamline and update the processes and reporting.

RESPONSIBILITIES – PREPAID AND ACCRUALS

• Support existing and new accrual and prepaid processes by working cross functionally with business partners in operating units and financial analysts.
• Prepare and review monthly accruals and prepaids that are US GAAP compliant by working cross functionally with business partners and develop an understanding of their business, communicating with appropriate vendors, review of financial records and interpretation of data based on account analysis.
• Participate in global standardization efforts for policies and procedures and related accrual processing.
• Collaborate with corporate global accounting operations team to communicate, train and enforce accrual policies with accounting operation team members.
• Participate in the monthly accounting close process as it relates to accrual and prepaids accounting. Strictly adhere to the monthly close calendar
• Take ownership for preparing Balance Sheet Reconciliations for the accrual and prepaid accounts in accordance with internal guidelines and corporate deadlines. Troubleshoot open items in accounting reconciliations through deep dive analysis
• Deep dive and explain significant movements in account balances by way of a commentary (Balance sheet Flux)
• Create process documentation namely Standard Operating Procedures (SOP) and update them at regular intervals in consultation with relevant stakeholders
• Work closely with vendors and cross functional business partners on resolution of open items and issue tracking.
• Prepare and review variance analysis for accruals and ensure accrual levels are appropriately set by adjusting the on-going accruals with updated information.
• Function as a gatekeeper for the accruals being recorded. Raise issues / queries with the Manager / Corporate team and coordinate to resolve them in a timely manner.
• Assist with the creation and preparation of ad hoc schedules and reports as required by management.
• Prepare and report key performance metrics for management review.
• Work with cross functional teams to identify problems, process gaps, and propose reasonable and creative solutions to improve processes including opportunities for automating manual processes or activities within a process.
• Provide the required support for external, internal and SOX audits, process walkthroughs and workflows as and when required (primarily during quarter and year end audits)
• Work with Technical Accounting on various matters for guidance and implementation of proper accounting treatment.
• Ensure completeness of accruals and prepaids by doing URL check and other controls
• Review opex and prepaid lines capitalization classification
• Prepare and enter journal entries for amortization, correction, and classification of prepaid items.
• Identify and process entries for transactions that qualify as prepaid expenses.
• Book monthly/Quarterly prepaid net down and long term reclass entries.
• Prepare schedule for prepaid expenses.

RESPONSIBILITIES – FIXED ASSETS ACCOUNTING:

• Support accounting for fixed assets (addition, depreciation, retirement) per accounting policy and in compliance with US GAAP and close calendar timelines.
• Review CWIP and select opex accounts and ascertain capitalization.
• Knowledge about accounting for Leasehold improvements, Asset Retirement obligations, a fair understanding of CCAs (ASU 2018–15), Internally Developed Software and ASC 842 and would be a plus.

RESPONSIBILITIES – MONTH CLOSE

• Prepare balance sheet reconciliations for all the accounts related to above areas.
• Track open items in the Balance Sheet Accounts and work with stakeholders to resolve them in a timely manner.
• Deep dive and explain significant movements in account balances by way of a commentary (Balance sheet Flux)
• Provide the required support for external, internal and SOX audits, process walkthroughs and workflows as and when required (primarily during quarter and year end audits)
• Work with cross functional teams to identify problems and process gaps and propose reasonable and creative solutions to improve processes including opportunities for automating manual processes or activities within a process.
• Create process documentation namely Standard Operating Procedures (SOP) and update them at regular intervals in consultation with relevant stakeholders.
• Provide the required support for external, internal and SOX audits, process walkthroughs and workflows as and when required (primarily during quarter and year end audits)
• Adhere to the accounting and reporting deadlines as described in the monthly close calendar.

REQUIREMENTS

• Only Qualified CA/CPA/CMA/CS/ACCA with 7 -15 years’ experience with a multinational company. Experience of working in an Information Technology Company in GSS/GBS model will be desirable.
• Required to work shifts to overlap with US time zones on critical days of month / quarter / year end close. Regular working hours is 2PM to 11PM
• Proactively identify process automation and improvement opportunities with a view to making processes scalable
• Hands-on experience of Workday ERP is preferred.
• Working Knowledge on reconciliation tool would be a plus
• Hands-on experience in MS office (Excel, Word etc.). Good command of Excel is required.
• Proactive and problem-solving attitude
• Good command on English speaking and writing.
• Good communication and interpersonal skills
• Adapts quickly to changes in a dynamic organizational structure and business processes.
• Ability to meet tight deadlines.
• Is a team player.