Senior Accountant Commercial Finance

Posted Yesterday
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Mumbai, Maharashtra, IND
In-Office
Senior level
Digital Media • Kids + Family • Music • News + Entertainment
The Role
Lead commercial finance and financial controlling for India BU: support pricing, forecasting, budgeting, month-end close, fixed assets, statutory and tax/transfer pricing audits, inventory valuation, and A&P accounting while partnering with regional finance and commercial teams.
Summary Generated by Built In
Company Description

CREATIVITY IS OUR SUPERPOWER. It’s our heritage and it’s also our future. Because we don’t just make toys. We create innovative products and experiences that inspire fans, entertain audiences and develop children through play. Mattel is at its best when every member of our team feels respected, included, and heard—when everyone can show up as themselves and do their best work every day. We value and share an infinite range of ideas and voices that evolve and broaden our perspectives with a reach that extends into all our brands, partners, and suppliers.

Job Description

The Opportunity: 

Opportunity to work closely with India Commercial team to drive the growth agenda for the BU. This role balances commercial Finance with Financial controlling — driving FP&A, accounting & taxation and financial controls. As a key member of APAC Finance team, work closely with Regional Finance and Commercial teams.

What Your Impact Will Be: 

1. Commercial Finance:

  • Evaluate the financial impact of discounts, pricing proposals, and promotional offers submitted by Sales team.
  • Leading the quarterly rolling forecast and Annual Budgeting process
  • Review of YTD spend vs latest forecast and variance analysis
  • Support the bi-annual pricing exercise

2. Month end – Financial closing:

  • Lead the month-end closing activities for India business unit and ensuring accurate and timely financial reporting including commentary vs Forecast & Budget
  • Manage fixed asset accounting in coordination with Shared Services team.

3. Statutory Audit & Compliance

  • Lead statutory audit engagements by preparing statutory financial statements, supporting schedules, and audit documentation.
  • Serve as the primary point of contact for external auditors, coordinating audit requests and resolving queries efficiently.
  • Ensure timely completion of Tax Audit and Transfer Pricing Audit in compliance with statutory regulations.
  • Support year-end tax provisioning in accordance with US GAAP.

4. Inventory Valuation:

  • Perform monthly inventory valuation and related account reconciliations to ensure inventory balances are accurate and fully reconciled
  • Monthly costing reconciliation is prepared and signed off
  • Annual Standard cost updation in ERP

5. Advertising & Promotion (A&P) Accounting

  • Record month-end accruals for Advertising & Promotion expenses in accordance with US GAAP and forecasts.
  • Review open purchase order commitments with the Marketing team to determine

Qualifications

What We’re Looking For: 

Education & Experience

  • Chartered Accountant with Industry experience
  • 8-10 years of experience, including exposure to:
    • Manufacturing or Retail organization, MNC experience preferred
    • Financial Controlling, Statutory Audit, Sales Finance or Manufacturing Finance.
    • Knowledge of Indian Accounting Standards

Capabilities & Character 

  • Ability to work as individual contributor
  • Proven ability to coordinate across multiple stakeholders
  • Fluency in English and Hindi
  • Advanced MS Office proficiency, Oracle or any other ERP, Hyperion
  • A collaborative partner comfortable working in a matrix organization
  • Detail-oriented, organized, and deadline-driven
  • Passionate about numbers and toys! 

Additional Information

Don’t meet every single requirement? At Mattel, we are dedicated to an inclusive workplace and a culture of belonging. If you’re excited about this role but your past experience doesn’t align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

How We Work:
We are a purpose driven company aiming to empower generations to explore the wonder of childhood and reach their full potential. We live up to our purpose employing the following behaviors:

  • We collaborate: Being a part of Mattel means being part of one team with shared values and common goals. Every person counts and working closely together always brings better results. Partnership is our process and our collective capabilities is our superpower.
  • We innovate: At Mattel we always aim to find new and better ways to create innovative products and experiences. No matter where you work in the organization, you can always make a difference and have real impact. We welcome new ideas and value new initiatives that challenge conventional thinking.
  • We execute: We are a performance-driven company. We strive for excellence and are focused on pursuing best-in-class outcomes. We believe in accountability and ownership and know that our people are at their best when they are empowered to create and deliver results.

Our Approach to Flexible Work:
We embrace a flexible work model designed to empower a culture of growth, optimism, and wellbeing, where every employee can reach their full potential. Combining purposeful in-person collaboration with flexibility, our focus is to optimize performance and drive connection for moments that matter.

Who We Are:
Mattel is a leading global toy and family entertainment company and owner of one of the most iconic brand portfolios in the world. We engage consumers and fans through our franchise brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO, Masters of the Universe, Matchbox, Monster High, MEGA and Polly Pocket, as well as other popular properties that we own or license in partnership with global entertainment companies. Our offerings include toys, content, consumer products, digital and live experiences. Our products are sold in collaboration with the world’s leading retail and ecommerce companies. Since its founding in 1945, Mattel is proud to be a trusted partner in empowering generations to explore the wonder of childhood and reach their full potential.

Mattel’s award-winning workplace culture has been recognized by Forbes, Fast Company, Newsweek, Great Place to Work, TIME, and more.

Visit us at https://jobs.mattel.com/ and www.instagram.com/MattelCareers.

Mattel is an Equal Opportunity Employer where we want you to bring your authentic self to work every day. We welcome all job seekers, and all applicants will receive consideration for employment.

Videos to watch:
The Culture at Mattel
Corporate Philanthropy

Skills Required

  • Chartered Accountant
  • 8-10 years of relevant experience
  • Experience in Manufacturing or Retail organizations
  • MNC experience
  • Experience in Financial Controlling, Statutory Audit, Sales Finance or Manufacturing Finance
  • Knowledge of Indian Accounting Standards
  • Fluency in English and Hindi
  • Advanced MS Office proficiency
  • Experience with Oracle or other ERP systems
  • Experience with Hyperion
  • Month-end close and financial reporting experience
  • Experience with inventory valuation, costing reconciliation and ERP standard cost updates
  • Experience coordinating statutory, tax and transfer pricing audits

Mattel Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Mattel and has not been reviewed or approved by Mattel.

  • Leave & Time Off Breadth Leave & Time Off Breadth: Unlimited paid time off for many salaried roles, generous holiday schedules, and flexibility programs are highlighted across company materials. Practices like half‑day Fridays or end‑of‑year breaks appear in some areas, though specifics vary by team and location.
  • Healthcare Strength Healthcare Strength: Comprehensive medical, dental, vision, and disability coverage is paired with an Employee Assistance Program, mindfulness tools, and on‑site fitness centers at key locations. Recent updates add a company‑paid at‑home cancer‑screening program for those enrolled in medical plans.
  • Parental & Family Support Parental & Family Support: Paid leave for new parents, phase‑back‑to‑work options, and global fertility and family‑building resources are emphasized. Select campuses offer on‑site childcare, and adoption assistance and caregiver support are included.

Mattel Insights

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The Company
HQ: El Segundo, CA
10,467 Employees
Year Founded: 1945

What We Do

We are a purpose driven company with a mission to create innovative products and experiences that inspire, entertain, and develop children through play. We treat play as if the future depends on it — because it does. Play is our language, and we speak to our consumers authentically by representing the world as they see and imagine it. Mattel is a leading global toy company and owner of one of the strongest catalogs of children’s and family entertainment franchises in the world. We engage consumers through our portfolio of iconic brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO, Masters of the Universe, Monster High and MEGA, as well as other popular intellectual properties that we own or license in partnership with global entertainment companies. Our offerings include film and television content, gaming and digital experiences, music, and live events. We operate in more than 35 locations and our products are sold in more than 150 countries in collaboration with the world’s leading retail and ecommerce companies. Mattel is recognized for the second year in a row as a Great Place to Work™ and as one of Fast Company’s Best Workplaces for Innovators in 2022.

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