Job Detail

Financial Compliance & Assurance Manager - GKN Aerospace

Date Posted:Sep 15, 2022

Job Detail

  • Location:
    Bangalore, Karnataka, India
  • Company:
  • Type:
    Full Time
  • Career Level:
    Experienced Professional
  • Experience:
    10 Year
  • Gender:
    No Preference
  • Degree:
    Graduate
  • Apply Before:
    Nov 15, 2022

Job Description

GKN Aerospace is the world's leading multi-technology tier 1 aerospace supplier. With 38 manufacturing locations in 12 countries, we serve over 90% of the world”s aircraft and engine manufacturers. We design and manufacture innovative smart aerospace systems and components. Every time you travel by air almost anywhere in the world, it is likely that GKN is helping you on your way.

We are looking for people who want to make a difference, talented members with the skills and passions to become the best of the future in what they do.

Job Summary

To provide assurance over:

  • the judgments and key risks in GKN Aerospace site balance sheets,
  • compliance in the operation of key transactional controls at site level.

This shall be achieved through a combined program of on site visits and building / maintaining relationships with site and business line finance teams, together with divisional finance and Melrose as applicable.

Job Responsibilities

Site visits & Balance Sheet Reviews

  • Develop and maintain relationships with site, business line and divisional finance teams to ensure a robust and prudent financial control environment, with particular focus on the transparent sharing and resolution of issues, and compliance with the Division’s minimum required financial controls.
  • Work with the site Financial Controllers, business line VPs Finance Operations and SVPs Finance and Head of Financial Compliance & Assurance to arrange, perform and report out against an annual program of risk-based, financial compliance site visits and / or six monthly balance sheet reviews. Communicate and agree improvement actions with site teams to close compliance gaps and ensure robust / proportionate controls are put in place.
  • Ensure that agreed remediation actions are implemented on time. Ensure appropriate escalation of issues to the Head of Financial Compliance & Assurance and / or Divisional VP Finance Governance.
  • Balance sheet judgments and key risks
  • Identify specific areas of balance sheet judgment and risk per sites in scope of responsibility.
  • Work proactively with site and business line financial leads to assess whether judgments are robust, transparent and appropriate. If they are not, work with sites to develop remediation actions and ensure timely implementation or escalation.
  • Key transactional controls
  • Support sites in reviewing documentation on the operation of key financial controls. Where appropriate (based upon the complexity and size of the site), review and monitor for conflicts in segregations of duties.
  • In response to identified deficiencies, carry out reviews of the effective operation of key transactional controls.
  • Support sites in continuous improvement activity around key transactional controls:
  • Reduction in manual workarounds and judgments by improved use of ERP systems;
  • Identifying and building solutions with non-financial stakeholders where appropriate; and
  • Simplification of processes.
  • Other
  • Deliver ad hoc projects for the VP Finance Governance, Head of Financial Compliance & Assurance and business line financial leadership, as required. This may also include short term cover to local finance teams due to unplanned absences or staffing.
  • Travel as required to fulfil the needs of the role – anticipated being above 50%.
  • Lead on the regional monthly (GKN Aerospace) and six monthly (Melrose Group) certification process. Ensure escalation of untimely completion and review of exceptions reported from sites.  Challenge areas of non-compliance and ensure those matters are resolved at the next iteration.
  • Support sites in readiness activities before internal audits. To include logistics, validation of previously agreed actions, escalation of delays etc.  After the audit, ensure timely review and submission of management responses through division.  Take responsibility for monitoring and pursuing agreed actions from internal audit activity through to their satisfactory completion.
  • Provide input to the development and review of GKN Aerospace finance policies, including areas for improvement or inconsistency.

Job Qualifications

  • Specific Functional Capabilities, Knowledge and Skills Required
  • Minimum 10+yrs exp.

Essential: 

  • Financial and technical Expertise
  • IT literate (Excel and PowerPoint)
  • Desirable:
  • Experience of one or more of the following – OneStream, SAP, BAAN/LN
  • Experience in Internal Audit / financial controls compliance
  • Experience in assessment and management of segregation of duties risks
  • Statutory Accounts experience

Qualification :

 desirable Qualified accountant from a recognised professional body

  • Capabilities of ideal candidate
  • Excellent and proven track record of building effective relationships
  • Works effectively across different cultures
  • Works independently
  • Influences and communicates effectively
  • Excellent listening skills
  • Coaches and supports others

Skills Required

Company Overview

Redditch, England, United Kingdom

GKN Ltd is a British multinational automotive and aerospace components business headquartered in Redditch, Worcestershire. It is a long-running business known for many decades as Guest, Keen and Nettlefolds. It can trace its origins back to 1759 and... Read More

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