Asset Recovery Financial Analyst

Description -

Asset Recovery

HP Inc Asset Recovery professionals provide a full range of multidimensional and complex assessments & reviews, consulting, financial advisory, risk management, compliance & tax reviews, process improvements, process reengineering etc. with a view to improve the bottom line of the company.

Inhouse and external process specialists allow the Asset Recovery team to provide best in class services to both our internal and external stakeholders.

Comprehensive Procure to Pay and Order to Cash process knowledge coupled with access to data, places us in a unique position with the ability to map end to end process, provide significant analytical insights, suggest process standardization & automation, and most importantly identify financial leakages within these functions.

Asset Recovery’s purpose is associated with making an impact that matters to the Business’  direct bottom-line savings. Our multi-layered analytics approach across our extensive spectrum of services enables us to help our clients improve their processes and become front-runners wherever they choose to compete.

Constant innovation and improvising audit strategies to meet QoQ Financial goals keeps an Asset Recovery professional looking for greenfield projects and new initiatives every Quarter.

We are committed to investing in our people and empowering them to achieve more in a dynamic and intricate business environment.

Roles & Responsibilities

• Review of HP’s financial processes which involves examining financial records, verifying transactions, assessing internal controls and identifying any possible errors or irregularities that may lead to incorrect payments to HP suppliers or partners.
• Reviews to be conducted across all functional areas within the Procure to Pay and Lead to Cash domains including but not limited to world-wide tax reviews, contract compliance, financial and physical claims, quote reviews, manufacturing costs, overheads, PO reviews, freight cost management reviews etc.
• Use internal data, systems, and proprietary tools to identify payment variances and determine appropriate actions to address inaccurate payments to HP’s suppliers or partners.
• Investigate and maintain sufficient evidence supporting validity and completeness of the claim which may include reviewing MSA’s, SOW’s, agreements, PO’s, Sales Orders. transactions etc.          
• Engage with internal and external stakeholders to review and evaluate the validity of potential incorrect disbursement identified.
• Developing and managing internal and external client relationships which includes addressing concerns and effectively communicating recovery details, root cause analysis, and method of recovery.
• Documenting and preparing audit trail supporting the recovery process which includes risk identified, stakeholder and accounting details.
• Actively participating in training programs and acquiring knowledge of auditing standards, accounting regulations, and industry-specific developments. Pursuing relevant professional certifications, such as the Cost and Management Accounting (CMA) or Project Management Professional (PMP), may also be encouraged.
• Collaborating with a diverse team of analysts, including managers and directors, to complete review engagements efficiently and effectively. This involves working closely with colleagues, seeking guidance when needed, and sharing knowledge and best practices.
• Adhering to HP’s ethics, policies, and applicable regulations. Upholding independence, objectivity, creativity, and growth mindset is crucial in maintaining the integrity of the recovery review process.

HP WAY :

• Defy the status quo.
• Move fast, learn, adapt.
• Act with uncompromising ethics.
• Collaborate for best results.

Skillset Requirements:

• Strong background in accounting systems with an emphasis on Procurement and Accounts Payable or Sales Operations or Order Management
• In-depth knowledge of accounting principles, including such concepts such as cost accounting and allocations, overhead, manufacturing costs, general ledger and financial statements
• Basic understanding of the recovery reviews and cost savings. Has financial business acumen, end to end knowledge of P2P, O2C, Contra and Procurement functions, common business practices and contract language.
• Proficient with Microsoft Office programs including Excel, Access, and PowerPoint
• Takes a systematic and logical approach to problem solving.
• Works effectively under pressure and rises to challenge - Recovers quickly from setbacks without losing momentum.
• Excellent spoken and written communications skills.
• Experience with reporting
• Should be able to maintain high accuracy and productivity standards and should have willingness to learn.
• Working knowledge on SAP S4 Hana, Ariba, Oracle, P360, Orion, Power BI will be an added advantage.
• Align recovery and team objectives with the company’s goals.

Education and Experience Required:

• Bachelor’s degree or above in finance, accounting, economics, business, management, related disciplines
• Typically, 5+ years of work experience.
• Typically, 3+ years’ experience in an accounting environment

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Equal Opportunity Employer (EEO) - 

HP, Inc. provides equal employment opportunity to all employees and prospective employees, without regard to race, color, religion, sex, national origin, ancestry, citizenship, sexual orientation, age, disability, or status as a protected veteran, marital status, familial status, physical or mental disability, medical condition, pregnancy, genetic predisposition or carrier status, uniformed service status, political affiliation or any other characteristic protected by applicable national, federal, state, and local law(s).

Please be assured that you will not be subject to any adverse treatment if you choose to disclose the information requested. This information is provided voluntarily. The information obtained will be kept in strict confidence.

If you’d like more information about HP’s EEO Policy or your EEO rights as an applicant under the law, please click here: Equal Employment Opportunity is the Law Equal Employment Opportunity is the Law – Supplement