CA NeWs Beta*: Vacancy for CA/ICWA in Eaton

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Sunday, March 23, 2014

Vacancy for CA/ICWA in Eaton

Eaton is a diversified power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. A global technology leader, Eaton acquired Cooper Industries plc in November 2012. The 2012 revenue of the combined companies was $21.8 billion on a pro forma basis. Eaton has approximately 102,000 employees and sells products to customers in more than 175 countries. For more information, visit www.eaton.com.

The International Shared Service Center (ISSC) is one of the five Finance & Accounts (F&A) shared
service centers operating within Eaton Corporation. The ISSC-Pune provides services such as Accounts Payable (including Payment Processing), Travel & Entertainment (T&E) Expense Management, Accounts Receivable (including Credit, Collection & Cash Application), General Ledger (Controllership), Fixed Assets, Treasury, FP&A and Reporting & Analysis (R&A) to Eaton’s Business Units located globally. ISSC provides the above services and supports Asia-Pacific, Europe and North America regions. ISSC is a key enabler to Eaton’s overall growth strategy while maintaining the highest levels of internal control, compliance to SOX and transparency of financial reporting. The critical success factors for the ISSC are delivering outstanding customer service, exceptional quality and a culture of continuous improvement.

Primary Function

• To take accountability and responsibility for the day to day delivery of the Accounts Payable process to the end customer.

• Developing Strategies: In tandem with the Process Leader & Site Leader ISSC-Pune to enhance the capability and growth of the shared service centre. Getting Results & developing strong process culture not limited to AP process would be primary function. Deploys Shared Service Strategy within the Accounts Payable function.

• Operation and Functional Responsibility: This position would report directly to the Process Leader Transaction Services with Operation and functional responsibilities. The position is operationally and functionally responsible for the Accounts Payables process APAC (including Concur- T&E Management process) for ISSC. The primary task would be to build a scalable and capable organization to deliver quality services at optimal cost. Should focus on expanding the scope of services offered in APAC region. This position would also require working in collaboration functionally with ISSC-Glasgow and NAFSC. To provide functional expertise in support of one or more end to end business process/service.

• Customer Engagement: This position would be responsible for building customer relationship across all customer segments. Developing initiatives, scheduling regular operational reviews in the process enhancing the quality of services to the customers. Customer visits to enhance visibility of ISSC organization and regular updates to the stakeholders.

• People Management: This position would be responsible for managing the teams with responsibility for mentoring and developing potential team leads/managers. Building Organizational Capability would be one of the primary objectives of this position. Manages, motivates, and appraises the performance of a team of Accounts Payables professionals.

• Control & Compliance: Control Changes & Governance of the standard process and reviews regularly with Process Leader/Peer Reviews/IA/ SOX/ EY audit team. Ensuring compliance of the entity with Sarbanes-Oxley Act (Section 404/302) and Co-ordinate with the Statutory/Internal auditors to facilitate the audit process. Keeps up-to-date with key business changes and process/technical trends and acts quickly to acquire the knowledge and skills that will contribute to making the organization an industry benchmark.

• EBS Culture: Implement EBS Pull to the core.


• Customer Focus & Meet and exceed customer expectations – Develop Customer facing KPIs, periodic meetings to discuss performance and monitors closely to close out open issues. To plan, schedule and manage the defined business services, delivering to agreed timescales, budget, quality criteria and contractual commitments. Stretch to achieve high quality standards through external benchmarking and process best practice studies


• Service Delivery: To ensure that the service delivery is being managed in accordance with the agreed processes and procedures with regard to.


• To report and escalate service issues in an appropriate and timely fashion and initiate timely, corrective action where required.

• Process Centric: Develops the organization to make creativity and innovation a process rather than an occurrence, to address efficiency and process cycles.

• Strong Control environment: Ensure processes are compliant with SOX and Internal audit guidelines. To ensure compliance of the entity financial practices with all respective statutory and Indian Accounting/Eaton Financial Policies requirements. Responsible for conforming to corporate policies and reporting, legal requirements, Indian statutory and US GAAP.

• Quality culture: Drive and leverage various systems and tools to automate processes and drive process improvements. Encourage use of quality tools like BPI, EBE, etc.

• To participate in projects, provide support to working parties and advise on financial practice within the accounting and related transactions area.

• To identify and manage risk in his/her business activities and take responsibility for reporting risks in a timely, open and appropriate manner. Understands and appreciates diversity of approaches and opposing perspectives on issues and adapting one’s approach to changing requirements & situations.
Educational Qualifications

Candidate must be CA/MBA/ICWA
•Experienced Leader of People (10-12 years) is essential

Skillset Required
• Knowledge of ERP required.
• Process knowledge or internal control experience
• Effective communication with executive leadership
• Excellent written/oral communication skills
• Demonstrated process improvement and project leadership skills
• Ability to independently achieve consensus and bring forward new ideas to remove barriers
• Proactive work style
• Ability to work under pressure and balance many projects at one time
• Proven Record of delivery of process improvements.
• Ability to own a project and bring it to a logical and successful completion
• Change Management Experience is preferred
• Analytical bent of mind and problem solver
• Core knowledge of AP- Purchase to Pay Cycle

Click here to apply

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