Organization Background
Mitsui O.S.K. Lines (MOL) is one of the world's largest multimodal deep-sea carriers, with a rich maritime legacy spanning over 140 years. Operating across Asia, the Middle East, Europe, Africa, North America, South America, and Oceania, MOL connects global trade routes with a strong presence in international shipping and logistics.
MOL Information Technology (MOL-IT) is the dedicated ICT solutions provider for the MOL Group, delivering customized technology solutions across the shipping, logistics, and supply chain domains. Established in 1997, MOL-IT has expanded significantly, operating from four offices in Kolkata, Hyderabad, Mumbai, and Hong Kong, with a talented team of over 380 software and management professionals. As part of its growth strategy, MOL-IT is enhancing its suite of ICT solutions for existing customers while exploring opportunities to diversify beyond the MOL Group.
IPS (Information processing Services) another solution of MOL-IT specializes in providing 24x7 offshore support services to MOL Group companies worldwide. The IPS team manages key operational processes, categorized into:
- Documentation Services: Export & Import documentation processing
- Accounting Services: Accounts Receivables, Accounts Payables, GSA, and financial transactions
- Other Business Support Services: Freight Audit, TCTO Voyage Registration, and additional logistics function
With a focus on efficiency, cost-effectiveness, and process excellence, IPS India continues to drive operational success for MOL’s global businesses.
For further details about organization, please visit www.mol-it.com/ Video - An Introduction to MOL-IT - YouTube
Job Summary
This role is part of Accounting Services, which includes Accounts Receivables, Accounts Payables, GSA, and financial transactions. The Senior Executive – General Ledger (GL) & Financial Reporting is responsible for managing financial records, general ledger transactions, reconciliations, financial statement preparation, and compliance with financial policies.
As a key contributor to the accounting function, this role ensures smooth Record to Report (RTR) operations, including month-end and year-end closing, lease accounting, and process optimization. The position involves collaboration with global stakeholders, audit support, and continuous process improvements. Additionally, the Senior Executive is expected to transition into a leadership role in RTR operations, taking on greater responsibilities in mentorship, process transitions, and automation initiatives.
Key Responsibilities:
Financial & General Ledger Management
- Maintain accurate and timely reconciliations of vendor and customer accounts.
- Manage financial reports, records, and general ledger entries to ensure accuracy.
- Ensure correct posting of fixed asset adjustments and lease accounting transactions.
- Close accounts and perform reconciliations as part of month-end and year-end processes.
- Prepare financial statements, including P&L statements, balance sheets, and trial balances.
- Conduct variance analysis, revenue, and expenditure assessments to support financial planning.
- Ensure compliance with taxation, branch accounting, and internal financial policies.
- Support budgeting and forecasting activities for business decision-making.
Process & Operations
- Monitor compliance with SLAs, KPIs, and internal controls for service delivery.
- Identify and implement process improvements and automation in RTR operations.
- Support financial audits by preparing and maintaining necessary documentation.
- Participate in daily huddles and governance meetings, providing operational insights.
- Maintain audit readiness by ensuring proper documentation and record-keeping.
- Develop and update SOPs, workflow charts, and process manuals to standardize financial operations.
- Collaborate with external auditors and stakeholders to ensure adherence to compliance and controls.
Transition & Knowledge Management
- Support knowledge transfer (KT) sessions and SOP creation with Team Leads.
- Ensure adherence to current procedures while identifying & implementing improvements to enhance efficiency.
- Participate in transition governance meetings, providing operational insights.
- Document key learnings and best practices to facilitate future transitions.
Governance & Compliance
- Participate in daily huddle meetings to align on priorities and address issues.
- Follow the governance and service management framework, ensuring compliance with risk controls and performance reviews.
- Maintain audit readiness by ensuring proper documentation and record-keeping.
- Adhere to risk controls, financial reporting standards, and compliance policies.
- Coordinate with onshore PICs and support teams to address challenges in RTR operations.
Process Improvement & Automation
- Analyze existing RTR processes to identify inefficiencies and recommend enhancements.
- Work with stakeholders to implement automation tools for improved accuracy and efficiency.
- Drive continuous improvement initiatives, monitoring performance metrics and gathering feedback.
Learning & Development
- Act as a mentor and trainer for junior team members, guiding them on best practices.
- Stay updated on industry standards, taxation regulations, and financial compliance.
- Participate in process enhancement initiatives and knowledge-sharing sessions.
Key Outputs / Measurable Deliverables:
- Accurate and timely financial statements, reconciliations, and reports.
- Effective financial closing, audit support, and compliance adherence.
- Process efficiency improvements through automation and optimizations.
- Smooth transitions and process migrations aligned with global finance standards.
- Timely issue resolution and enhanced stakeholder communication.
- Meeting SLAs, KPIs, and internal control requirements.
Technical & Skill-Based Competencies:
Educational Qualifications
- Graduate/Postgraduate in Commerce.
- Basic MS Office Certification.
Technical Skills
- Experience in the shipping industry (preferred).
- Basic knowledge of Geography (Continents, Countries & Ports) and experience in working with foreign countries.
- Proficiency in Advanced MS Excel for financial data analysis.
- Experience in BPO/Outsourcing business (preferred).
- Minimum 8 years of relevant experience in financial reporting, reconciliations, and general ledger accounting.
- Experience in SAP is must
- Ability to work in shifts as per global business requirements.
Compensation
- As per industry standards.
