Associate Director - Finance Job in Mumbai at Morningstar, Inc.

Morningstar, Inc. is hiring for the role of Associate Director - Finance!

Responsibilities of the Candidate:

• Manage and oversee the relationship with outsourced accounting partners, ensuring high-quality and compliant financial services.
• Review and analyze financial reports produced by outsourced teams for 6 locations viz. China, Hongkong, Singapore, Taiwan, Thailand, and S. Korea, addressing any discrepancies and providing guidance for improvement.
• Ensure that the periodic financial closing processes are followed by the outsourcing partner.
• Ensure that expenses are recorded as per global guidance as well as, as per budgets.
• Take full ownership of the financial results, ensuring accuracy, completeness, and timeliness of financial reporting balancing it with materiality and efficiency of processes.
• Develop and maintain financial models to analyze the company's periodic financial results.
• Collaborate/guide the annual budgeting process and rolling forecasts, working closely with department heads to establish realistic financial goals.
• Ensure synchronization in recording expenses between budgets and actuals.
• Ensure continuity of business through periodic cash flow planning.
• Develop and own the mechanism to stay updated with global and local compliance requirements
• Ensure compliance with regulatory requirements, accounting standards, and internal policies are met by outsourced partners.
• Implement and monitor effective internal controls to safeguard company assets and mitigate financial risks.
• Be a bridge between business stakeholders and outsourced accounting partners for various operational processes like Payables, Receivables, and Reporting.
• Collaborate with the local and Global FP&A team to provide accuracy in budgeting and analysis processes.
• Collaborate with the internal Financial Shared Services (IFS) team and find opportunities for streamlining operations by optimizing activities between IFS and outsourced accounting partners.

Requirements:

• Proven experience in a senior finance role, with a track record of financial leadership and collaboration in a multi-stakeholder environment.
• Experience in managing outsourced accounting functions
• Extensive knowledge of accounting principles, financial regulations, and best practices.
• Strong analytical and problem-solving skills with the ability to translate complex financial concepts into clear and actionable insights.
• Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments.
• Bachelor's degree in Finance / Accounting, or a related field; MBA or relevant professional certification (e.g., CA, CMA) is a plus.
• Experience in managing outsourced accounting for China/ASEAN locations could be an added advantage.