Global PAFA CoE Manager

Overview

Lead PAFA COE, oversee global capital projects, ensure accurate accounting and compliance

Key Responsibilities

• financial forecasting
• capital accounting
• fixed assets
• car management
• audit support
• team leadership

Tasks

-Hosts monthly meetings with project and finance managers reviewing project/program financials, Analyze project and program costs comparing actuals to the approved budget and forecast to explain variances, calculate monthly journal accrual entries, and forecast amounts for capital and expense. -When applicable, gathers and provides information related to capital project which are provided to the tax department for the year end accounting close and annual tax return. -Provide training and guidance to US and international finance and project managers on the monthly accounting, forecasting, and reporting for capital projects to ensure compliance with Eaton accounting policy and US GAAP. -The PAFA COE Manager will oversee the Pune PAFA team, ensuring compliance with PAFA financial policies and internal control requirements. -Reads and interprets complex, external contract proposals involving costs up to several million dollars to understand and determine if the work to be performed qualifies as capital or expense in compliance with accounting policy to ensure the proper accounting treatment. -Assist project and program teams with forecasts and profit plans for capital projects to be included in the corporate forecasts and profit plans. -Proactively Monitor & follow up complex, global, multi-project CARs CIP from capital spend to capitalization to address items before they age. -Assist with creation and review of CAR documents prepared by project managers or other finance personnel and participates in the CAR review meetings with senior management. -Support and execute Fixed Asset & Project Accounting strategy. -Interacts with the Enterprise IT Finance group to help ensure processes are practiced consistently between the corporate teams. -Assists with the recommendation, development, and implementation of process improvements in PAFA and Lease CoE in support of corporate goals. -This position is responsible for proactively monitoring & follow up of budgets and managing the financials, forecasts and reporting and corporate global programs for corporate capital initiatives with capital costs ranging up to and above $100M. -Responsible for understanding program/project initiatives to provide accounting guidance in creating CAR budgets and identifying costs as either capital or expense. -This role will lead a team of professionals, provide technical accounting guidance, and drive process improvements across the organization. -Prepares the documentation for asset capitalization of corporate software projects/programs to ensure assets are capitalized timely in the fixed asset system. -Obtains the necessary documentation requested and responds to internal and external audit questions timely on capital projects & leased assets managed within the PAFAL COE. -Assists with mid-year and year-end ledger capital audit requests from Eaton’s external auditors -A number of these programs are international, multi-faceted, and complex, so this position advises Finance, IT and senior management on the accounting treatment for non-routine capital expenses including both hardware products (tangibles), software (intangibles) & leases. -Providing accounting guidance and communicating with senior level management is a key part of this position. This role is critical to managing Eaton’s general ledger for major capital projects by ensuring accurate and compliant project financials (i.e., cash flow, balance sheet and income statement). -Assist with calculating the amount of capitalizable cost of GFA employee time reported on the GFA Time Tracker submitted for calculation monthly as well as for Subject Matter Experts as required. -The leader will act as a subject matter expert for fixed asset accounting, partnering with cross-functional teams to ensure accurate financial reporting and operational excellence. -The incumbent would work closely with the GFA teams, site & regional controllership teams.

Requirements

• erp
• mba
• us gaap
• excel
• leadership
• supervisory

What You Bring

-Proficiency in ERP systems (SAP, Oracle) -MBA, CA or CMA is preferred. -Strong technical accounting expertise and analytical skills. -Bachelors Degree in Accounting, Finance or Business . -Supervisory/management experience - both direct reports and project management -CAR documents include CAR Financials, CAR Narrative, CAR form and contractual agreements. -Working knowledge of foreign currency ledgers and the conversion to US currency -Ability to work independently in a fast-paced, rapidly changing environment. -Strong knowledge in the creation of project budgets, the accounting close and forecast processes -Strong professional presence, interpersonal, presentation and communication skills to effectively interact with and influence employees at all levels within the organization -Excellent leadership, communication, and stakeholder management skills.Solid understanding of US GAAP and Eaton's financial policies -9-10 years experience in corporate or public accounting. -Ability to manage multiple projects and responsibilities on a constant basis while maintaining a high standard of quality with parallel critical deadlines -Knowledge of capital accounting and the ability to determine costs that qualify for capital versus expense. Lease accounting experience is preferred. -Strong PC Skills: General ledger systems, Sub ledger systems PAFA, Excel -Strong excel skills -Strong analytical skills to calculate variances and determine the reason for the variances -Ability to understand, interpret and implement corporate policies and procedures to global capital projects providing guidance on accounting application to various levels of management.

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About Eaton

-global leader in power management, providing energy-efficient solutions for managing electrical, hydraulic, and mechanical power. -products and services span across industrial, commercial, residential, and infrastructure markets. -innovative solutions in energy storage, electrical distribution, and industrial automation. -instrumental in advancing technologies for utilities, transportation, and energy management. -recent standout projects include large-scale energy management systems for smart cities and utilities. -systems are crucial for sectors ranging from renewable energy to water resources management. -history of growth through acquisitions, continuously expanding global footprint and product offerings.

Sector Specialisms