Senior Officer, Business Conduct Assurance (Finance)

Summary of the Role:

Verify accuracy, compliance, and documentation of financial processes in SAP. Responsibilities include reviewing transactions, verifying cost allocations, validating workflows, and supporting finance audits across procure-to-pay (P2P), record-to-report (R2R), and order-to-cash (O2C) cycles. Focus areas include journal entries, supplier reconciliations and CapEx/OpEx classifications.

Key Roles:

·      Develop annual verification plan, finalize Key Risk Areas to be verified – based on latest 5-year company Offshore Business Plan, Level 1 KPIs, Previous Verification Findings, Risk Register etc.

·      Lead and manage Finance related Compliance Verifications:

o  Review SAP-based transactions, including Pos, invoices, GRNs, payments and cost allocations.

o  Perform anomaly detection in financial transactions and initiate required deep reviews or investigations, supporting early identification of irregularities or potential fraud in a professional manner.

o  Confirm 3-way match accuracy (PO-GRN-Invoice) and investigate exceptions or manual overrides.

o  Verify the compliance with accounting standards and the guidelines issued.

o  Evaluate the budgeting process, evaluate the division’s performance over the years.

o  Evaluate document management and preservation.

o  Assess the appropriateness of cost allocations, overhead recovery, and interdepartmental charges.

o  Ensure compliance with internal controls, corporate finance policies, and audit frameworks.

o  Identify duplicate entries, overpayments, unbudgeted spend, or non-compliant financial activity.

o  Support the audit trail process, working with finance, procurement, and operations teams.

Key Challenges:

·         Visibility and traceability of financial transactions across multiple divisions, departments and systems.

·         Dealing with incomplete or delayed documentation from stakeholders.

Navigating complex SAP transactional flows and custom workflows across business units

·         Coordinating with multiple stakeholders for timely access to data and clarifications.

Key Success Factors:

·         Strong functional expertise in SAP financial workflows and reporting.

·         Attention to detail and ability to identify inconsistencies or anomalies in financial data.

·         Clear understanding of business and ERP controls, ensuring actionable recommendations.

·         Strong understanding of financial controls and risk.

·         Effective communication with finance and non-finance teams.

Timely and accurate reporting of verification findings and recommended actions.

·      Conduct financial verifications for select business units, divisions or cost centers based on risk or audit plans.

·      Validate cost allocations, budget utilization, and CapEx entries.

·      Prepare clear verification reports, highlighting issues, gaps, and suggested remediation.

·      Build rapport with finance, procurement, and operational teams to streamline data access and clarification.

·      Identify opportunities for automation or efficiency improvements in the financial verification process.

Contribute to improving checklists, templates, and SAP-based verification dashboards in coordination with digital/automation teams.

Progression to roles such as Senior Finance Verifier, Internal Auditor – Finance, Financial Controls Lead, or Finance Compliance Officer.

Potential transition into Risk & Assurance, FP&A, Corporate Governance, or Business Process Improvement functions.