Cost Accountant Job at OFI, United States

  • OFI
  • United States

Job Description

Accounting Manager

As a leading provider of high-quality food and beverage ingredients, we work with farming communities across the globe to grow, source and produce ingredients that are good for consumers, farmers, and the world around us. We supply household food brands and manufacturers worldwide with cocoa, coffee, dairy, nuts and spices ingredients which are often grown on our own farms and estates and sourced from hundreds of thousands of farmers across ~50 countries. Along with our diverse manufacturing and innovation capabilities, this means we can provide ingredients for a range of products, from a plant-based latte mix to an almond based snack bar or a dairy-free ice cream. Making a positive impact on people and planet is a core component of our Purpose, to be the change for good food and a healthy future. With a deep-rooted presence in the countries where our ingredients are grown, we are closer to farmers, enabling better quality, and more reliable, traceable, and transparent supply. And whoever we're with, whatever we're doing, we always make it real.

Position Summary: Reporting to the Finance Manager based in Chicago, USA, the Accounting Manager will be a key member of the offshore finance team supporting the Olde Thompson business. This role is responsible for executing and overseeing day-to-day accounting operations, ensuring accuracy and integrity of financial records, and serving as the primary accounting point of contact for US-based finance leadership. The Accounting Manager will coordinate closely with US counterparts on the month-end close process, AR/AP oversight, and financial reporting, while managing a small team of local accounting staff in India. This role requires strong technical accounting skills, a high degree of ownership, and excellent cross-cultural communication skills to operate effectively in a global, matrixed environment.

Key Responsibilities
  • Team Supervision & Coordination
    • Supervise and guide a team of junior accounting staff in India, assigning work, reviewing output, and ensuring quality and timeliness
    • Act as the primary liaison between the India-based accounting team and the US Finance Manager, facilitating clear communication and alignment on priorities
    • Support onboarding, training, and development of local team members
  • Accounting Hygiene & Fundamentals
    • Maintain accurate and complete records for core balance sheet accounts, including prepaids, accruals, deposits, and deferred items, ensuring proper classification and cutoff
    • Ensure subledger-to-general ledger integrity across key cycles (AR, AP, inventory, fixed assets)
    • Prepare and review journal entries with proper support and documentation in adherence to internal controls
    • Ensure all balance sheet accounts are supported by clear, audit-ready documentation with appropriate aging, rollforwards, and explanations of reconciling items
    • Identify, investigate, and resolve aged or unusual balances in a timely manner, escalating to the US Finance Manager where appropriate
    • Maintain consistency in accounting treatment and flag areas requiring policy clarification
  • Close & Financial Reporting
    • Execute assigned components of the monthly, quarterly, and annual close process, coordinating with the US Finance Manager to meet group deadlines
    • Prepare and own balance sheet account reconciliations with complete and timely supporting documentation
    • Perform variance analysis (P&L, balance sheet, working capital) and provide clear explanations to the Finance Manager
    • Support preparation of monthly group reporting packages, including trial balance mapping, intercompany reporting, and consolidation inputs
  • Accounts Receivable & Payable
    • Oversee AR and AP accounting activities executed by the India team, ensuring accuracy, proper cutoff, and timely processing
    • Review aging reports and assess collectability of receivables; flag deteriorating balances and support bad debt reserve analysis
    • Monitor AP aging and payment cycles to ensure appropriate liability recognition
    • Strengthen internal controls around invoicing, collections, vendor payments, and approvals in coordination with US leadership
    • Monitor and account for factoring and supplier financing programs
  • Property, Plant & Equipment (PP&E) and Lease Accounting
    • Maintain and reconcile the fixed asset subledger, including additions, disposals, transfers, and depreciation
    • Ensure proper capitalization of assets in accordance with company accounting policies
    • Account for leases under IFRS 16, including Right-of-Use (ROU) assets and lease liabilities
    • Prepare lease schedules, amortization, and related disclosures
  • Inventory, Controls & Compliance
    • Support inventory accounting, including variance analysis, NRV assessments, and obsolete inventory reserves
    • Assist with audit preparation and support responses to internal and external audit queries
  • Ad-hoc Support
    • Support tax-related activities as directed by US Finance Manager
    • Assist with budget preparation and overhead reporting
    • Identify and implement process improvements, including automation and standardization initiatives
    • Provide ad hoc support to the US finance team as required
Qualifications & Requirements

Bachelor's degree in Accounting, Finance, or Commerce required; CA (Chartered Accountant) qualification strongly preferred. Minimum of six (6) years of progressive accounting experience, with at least one (1) to two (2) years in a supervisory or team lead capacity. Strong knowledge of IFRS; familiarity with US GAAP is an advantage. Experience with ERP systems such as SAP is an asset (Plex is our ERP; training will be provided). Advanced Microsoft Excel skills, including pivot tables, lookups, and data analysis. Experience in manufacturing, food industry, or inventory-heavy environments preferred. Strong analytical, problem-solving, and organizational skills. Excellent written and spoken English communication skills; ability to work effectively with US-based stakeholders across time zones. Comfortable operating in a fast-paced, deadline-driven, multi-entity environment.

Work Environment & Additional Details: Location: India (city TBD / remote-eligible) Reporting Line: Finance Manager, Chicago, USA Working Hours: Overlap with US Central Time required; flexibility to attend early morning or evening calls as needed Travel: Occasional travel to US offices may be required on an as-needed basis ofi is an equal opportunity employer and values diversity. All qualified applicants will receive consideration for employment without regard to racial or ethnic origin, color, age, religion or belief, sex, nationality, disability, sexual orientation, gender identity, gender expression, genetic information, or any other characteristic protected by applicable law. Applicants are requested to complete all required steps in the application process including providing a resume/CV in order to be considered for open roles.

Job Tags

Local area, Remote work, Worldwide, Afternoon shift, Early shift

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