Job Description

Senior Management Trainee (CFO Office)

 About HCLTech
HCLTech is a global technology company, home to 211,000+ people across 52 countries, delivering industry-
leading capabilities centered around digital, engineering and cloud powered by a broad portfolio of technology
services and products. We’re powered by our people – a global, diverse, multi-generational talent - representing
167 nationalities whose unique spark, perspective and boundless passion drive our culture of proactive value
creation and problem-solving. We work with clients across all major verticals, providing industry solutions for
Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media,
Retail and CPG, and Public Services. Our purpose is to bring together the best of technology and our people to
supercharge progress. We’re supercharging progress for everyone, everywhere – our clients, partners and their
stakeholders, our people, communities, and the planet.
The company’s DNA of grassroots innovation, its ingrained culture of co-innovation, and its tradition of going
far beyond what is expected, to create customer value, clearly differentiates it and gives it a distinct advantage
in creating value for businesses in the digital and connected world.

Corporate Social Responsibility: HCLTech builds sustainability principles and actions into the strategy, culture
and day-to-day operations of our company. We aim to improve the lives of people around the planet, engaging
our employees, clients, stakeholders, and the communities we live in, to a higher purpose. We focus on areas
where we can make the most difference: health, education, technology, jobs, and people who are denied the
benefits and access afforded by science, technology and innovation. Guided by the United Nations Sustainable
Development Goals, we view sustainability in three ways – economic, social and environmental, known
informally as Profit, People and the Planet. As a company we are deeply focused on accelerating our ESG agenda.
We are also creating technology-enabled sustainable solutions with and for our clients and partners. We embed
ESG imperatives into every aspect of our business and ensure that the progress we supercharge is responsible,
inclusive and beneficial to all our stakeholders in the long-term. We have committed to achieving net-zero by
2040.
 Highlights of the Team
At HCLTech, we offer continuous opportunities for you to find your spark and grow with us. We want you to be
happy and satisfied with your role and to really learn what type of work sparks your brilliance the best.
Throughout your time with us, we offer transparent communication with senior level employees, learning and
career development programs at every level, and opportunities to experiment in different roles or even pivot
industries. We believe that you should be in control of your career with unlimited opportunities to find the role
that fits you best.

Why Us?

• We offer End-to-end digital transformation expertise that helps clients from strategy through execution.
• We work with the biggest brands, offering the opportunity to be a part of industry-leading work.
• We are invested in your growth, offering learning and career development opportunities at every level
to help you find your spark.
• We offer freedom and flexibility on the job, empowering our employees to make decisions.
• We offer a virtual-first work environment, promoting a good work-life balance and real flexibility.
• Our company is extremely diverse with representation of 165 nationalities.
• We offer the opportunity to work with colleagues across the globe.
• We offer comprehensive benefits for all employees.
• We are a certified great place to work and a top employer in 17 countries, offering a positive work
environment that values employee recognition and respect

Website Link: http://www.hcltech.com/

 HCLTech Finance Organization Structure

Chief Financial Officer

(CFO)

Financial
Financial Planning &
Business Budgeting -
Shared Centres of
Controllership Finance Cell Global
Services Excellence
(BFC) Business
(FSS) Organization
(GBO)

Treasury
Legal
Secretarial
M&A
Taxation
Investor
Relations
Internal
Audit*

Controllership

The Controller Function is accountable for the accounting operations of the company. It is responsible for the
preparation of periodic financial reports, maintenance of an adequate system of accounting records and a
comprehensive set of controls designed to mitigate risk of fraud and inaccuracies in accounts, ensuring the
accuracy of the company's reported financial results, and ensure that reported results comply with generally
accepted accounting principles or international financial reporting standards.

Responsibilities

Consolidation (1/7)
• Preparing accurate and timely quarterly and annual consolidated accounts of HCLT group under US
GAAP and IGAAP/ IND-AS
• Regulatory compliances related to financial reporting such as XBRL filings and RBI surveys
• Controlling and maintenance of group chart of accounts for consistent and efficient reporting
• Controlling and maintenance of organization structure in SAP and BPC
• Accounting for corporate actions like Buy Back, acquisitions, Bonus, Dividends
• Maintenance of exchange rate in SAP and BPC
• Audit Committee compliance in relation to group auditors and related party transactions
• SOPs/RCMs review and automation initiatives for controllership and Group Consolidation and
reporting.
Legal Entity Financial Reporting (2/7)
• Preparing accurate and timely financials accounts for Parent and each legal entity as per applicable
GAAP and getting the same audited.
• Timely and accurate monthly book closure for each entity including doing closing activities which
includes:
o Forex revaluation and analysis etc.
o Review of P&L, Balance Sheet and Cash Flows to ensure that accounts are accurate and there
are no material errors and profits are maintained as per transfer pricing guidelines
o Segment allocation
o Accounting of acquisition specific entries such as upload of non-integrated trial balances,
amortization of intangibles, deferred consideration unwinding etc.
o Coordinating with local service providers to prepare the local books and ensuring they are
reconciled with SAP
o FEMA, OBR and other RBI compliances
o Inter-company transactions related to investment, share capital, loans and interest thereon.
o Inter-company cost recharges in relation to corporate guarantees and sales cost
o Wherever separate local books are maintained, reconciliation of the same with books
maintained in SAP
o Compliance of various surveys as per local regulatory requirements
o Finalization of actuarial assumption for leave and gratuity valuation
o Supporting consolidation process through filing of disclosures in BPC tool.

Treasury, Derivatives and ESOP accounting (3/7)

• To ensure that derivatives are accurately recorded, documented and audited as per risk management
policy of the Company and relevant guidance under US GAAP and Ind AS. Also, to ensure proper
exposure management and forex gain (loss) forecasting and validation.
• Accounting for third party loans at group level (other than employees car loans).
• To ensure accurate investment accounting (Fixed deposit. Mutual funds, COD, Bonds) across all
entities as per US GAAP and Ind AS requirements and to keep proper documentation, realization of
interest on time , proper TDS accounting on interest income /capital gain and to have them audited as
per agreed time schedule.
• To ensure that Options are allotted as per approved grant and documented process and related ESOP
cost are accurately recorded , accounted and audited as per US GAAP and Ind AS requirements.

Tax accounting and transfer pricing (4/7)

• To ensure accurate direct tax accounting (current and deferred) in the books of each legal entity based
on relevant Income Tax rules. Responsible for maintenance of unit level books of account for each
STPI/SEZ units in India
• Preparation and audit of Tax Audit and Transfer pricing report required for Return filing of Indian
entities and providing all information required for filing tax returns. Helping the Corp tax team in tax
assessments by providing various required information and implementation of direct tax guidance.
Helping the Corp tax team in tax assessments by providing various required information and
implementation of direct tax guidance
 • Preparation of ETR (effective tax rate) for tax accounting at group level and advance tax projections
based on which corporate tax team decides advance tax payments. Calculating and passing entries for
deferred tax assets and liabilities. Doing analysis of deferred tax asset created on MAT and other DTAs
whether it can be utilized in future or not.

Revenue and AR accounting (5/7)

• To ensure timely and Accurate accounting of company revenue as per applicable GAAP ( US GAAP, I
GAAP) and get the same audited by putting necessary controls and minimize revenue leakages and
under / over cost accruals.
• Discussion and concluding revenue recognition issues with auditors and give guidance on revenue
recognition to shared services team. There are different aspects to the GAAP compliance owing to the
service offerings like T&M projects, Fixed price Projects (the accounting can be based on % of
completion/planned cost vis-à-vis actual cost), outcome/output-based billing. Infra structure business
contracts, multiple services are provided and thus revenue recognition requires through
understanding of US GAAP concepts like multiple deliverables, fair value accounting, transition
accounting, leases etc.
• To review and analyze Bills Receivables and adequacy of the provisioning. This includes review of
provisions based on company policy and case by case review of specific provisions and coordinating
audit for Bills receivable. To Give guidance on sale of bills receivables and other assets (Finance lease
receivables)
• To review and ensure the correct accounting of other direct costs in line with corresponding Revenue
and GAAP. In Depth review at the contract level is required to ensure revenue - cost matching, right
classifications and ensure no under or over provisioning.

Merger and Acquisition Accounting (6/7)

• To account for all merger and acquisition including purchase price allocation of consideration paid into
goodwill, intangibles and other assets
• Mapping of acquired entities trial balance with HCL balances so that these can be uploaded in HCL SAP
• Integration of acquired entities in SAP

GAAP Guidance on various accounting issues (7/7)

• To review various accounting issues and advice accounting based on applicable accounting GAAP and
discussion with auditors if required
• Implementation of new accounting GAAP like Revenue (ASC 606) and Lease ( ASC 842)
 Financial Shared Services

Responsibilities

Order to Cash
Ensure Timely Closure of Billing as per the monthly close calendar:
• Ensure direct submission of invoices for 98% of the Invoices raised
• Billed DSO to be below 63 days at the quarter end
• Unapplied Cash to be below $30M during the quarter end
• Driving efficiencies, increase Direct Customer Contacts and Portal

Global Payroll & Employee Reimbursements

Timely and Accurate processing and Payment of Salaries Globally:
• Claims to be processed within 7 working days from date of Business approval
• Payment and reporting of statutory dues/ compliances within Due Dates
• Completeness & Accuracy of Monthly Provisions and submit Variance analysis to Controllers
• Coordinate and close the local Payroll audits Globally

Transformation
• Deployment Artificial Intelligence/BOTs in Finance Operations
• Drive Automations & process improvement initiatives, deploy interventions across Finance processes
with definite outcomes to Achieve
• Create visibility and transparency by leveraging Dashboards
• Deploy Benchmarks, Best practices to achieve Best in Class processes
• Drive Senior Leadership Independent Projects

Accounts Payable
• Payment to Vendors on Time. Enable end to end visibility of Procure to Pay cycle to stakeholders
• Ensure there are no conflicts of interest and relevant approvals are available as per authority matrix
for all payments processed
• Ensure Accuracy of Monthly Provisions and submit Variance analysis to Controllers

Banking
• Vendor Payment accuracy – 100%
• Customer Collections Posting
• Bank Reconciliations to be completed on monthly basis for all 300+ banks
• Ensure Automated Payment Mechanism to Banks

Indirect Tax
• 100% timely payment of all Indirect Taxes Globally (GST, VAT, Withholding Tax, Sales Tax, Softax)
• Support the Tax team in timely payment and filing of GST return, every month

Fixed Assets, Campus Bill Verification, Transport & Vendor Master

• Timely and accurate capitalization of Fixed Assets
• Complete Physical verification of assets is completed as per IGAAP and US GAAP requirements
• Accurate payment of Campus Bills after measurement verification
 • Creation of all Vendor Masters within agreed SLA
• Ensure Transporters are paid timely and accurately

PF Trust
• Manage the Rs2800+ crore PF Trust and Recommend investment to CFO and Treasury
• Ensure PF settlements for Transfer-in and Transfer-outs, withdrawals are processed within 28 days
• Improve employee experience by responding to employee queries within 48 hours

Business Finance Cell

3-Pronged Role of BFC

Enablers
• Enablers to Commercial construct & Contracting prudence
• To initiate and conclude Commercial Negotiations with the Customer
• Engages in JVs, purchase of undertaking, facility creation, et al
• Participates in MVDs, Yellow pad sessions, finance DDs
• Builds pro-active business cases for a deal pursuit

Thorough Researcher
• BFC brings to you the present operational and HR realities and challenges
• Norm based pricing and norms based on existing performance
• Tracks the complete Macroeconomic changes with respect to currency, inflation, taxation, et al to
neutralize the systematic risks across 50+ countries
• Enablers of key decisions in response to changing commercial trends in the market

Risk Managers
• BFC is a Risk Manager and focuses primarily on deal wins, balancing HCL’s & Customer’s financial and
legal interests
• Benchmarks Contracts & Commercials
• Disseminates the best practices from learnings from large volume of deals
• Focuses on positioning the intrinsic value of an opportunity to the Senior Leadership

Responsibilities

Strategic
• Develop pricing strategies which are competitive and ensures a defined margins threshold for the
company
• Continuous alignment of market driven commercial variables to company defined financial objectives
Operational
• Champion innovative pricing models aligned to the Global Outsourcing Market trends
• Develop pricing strategies which are competitive and ensures a defined margins threshold for the
company
• Model impact of micro and macro risks inherent to global outsourcing contracts
• Serve as primary interface for pricing and analytics between the entire finance organization (Taxation,
FP&A, Administration, Revenue Assurance, etc.) to the rest of the Organization
 • Direct presentation of pricing strategies before Business Leaders and other Senior Executives in
preparation of requisite financial documentation for implementation of pricing decisions

Key Interactions
• Partner with key organization departments to develop, recommend and implement pricing strategies
• Work with World Class Sourcing Advisors to structure deal commercials
• Lead front-end commercial negotiation of contracts with Top notch lawyers and Customers on
commercial clauses

Access and Continuous Learning

• Access to S&P Capital IQ database to pre-assess the quality of Customers to enable taking long term
positions on return on investments
• Access to in house developed play books and best in class benchmarks to enable market
understanding, customer conversations and self-development
• Ensure the creation and timely upkeep of Standard Operating Procedures for pricing development
• Manage day-to-activities, training and career development of pricing managers

Global Business Organization

Responsibilities

P&L Reporting/Forecasting for over 150+ Leaders in Sales, Delivery , Operations heads); Enabling Finance
manages cost of $ 500 M ; M&A Integration ; KPP administration and Biz Analytics dashboards

Process support role

• Transaction support
• Data collation / data integrity
• Adhoc data requirements
• Analysis of data
• Operational queries
• Bonus processing
• Capex – Opex approvals
• Daily Order book updation

Decision Support Enabler

• Capex & Opex Controls
• Budgetary control
• Contractual controls
• Billability assurance
• Operational support
• Follow through for approvals
• Tracking & Monitoring PIP
• Establishing baselines
• Revenue recognition inputs
• Project Profit var. analysis
• Customer level GM variance
Business Partner Role
• Annual Budgeting
• Rev /P&L Reporting/ Forecasts
• New Customer Onboarding
• Revenue Assurance
• P&L Monitoring /Assurance
• Contract Monitoring / Mgt.
• PIP improvement
• Order book & Pipeline review
• Operational Metrics review
• Operational reviews support
• BR / UBR / UAR follow thro’
• FPP monitoring risk
• Budget vs. Fcst. vs. Actual
• M&A Integration
• Corporate Initiatives

Biz Analytics, Automation & Transformation (BAAT)

• SAP BW Management
• Single Version of truth
• Hub for MIS to all systems
• Supporting Automation Initiatives
• Supporting Transformation
• Supporting all Reorg
• Supporting on various Corporate Initiatives either independently or working with LOBs/CEO
office/Corp MIS

Corp MIS
• Consolidation of MIS
• Corporate reporting
• Supporting on various Corporate Initiatives either independently or working with LOBs/CEO
office/Corp MIS
• Competitor Analysis
• Deep dive on cost analysis
• Challenge Revenue and P&L Forecast of Lob’s Business
• Many Adhoc reports

M&A Integration
• SPOC Integration
• Bring and align all finance and business stakeholders to ensure all processes are transitioned well
• Handle any bottle necks
• Support on the GBO role until the business is integrated into the respective Lobs
• Handle Earn Out, monitor the CFO and keep an oversight , front end on any issues.

Enabling
• Working closely with all enabling functions
• Capex-Opex monitoring
• Managing a spend of $ 500M per annum
 • Analytical reports
• Deep dive spend analysis
• Cost out initiatives
• Cost savings ideas and implementation

Centres of Excellence

Taxation

• Statutory compliance in 50+ countries across the globe.

• Tax Optimization
• Business enabler
• Unlocking idle assets
• Identification and mitigation of tax risks
• Litigation- Corporate Tax & Indirect Tax
• Strengthening tax compliance framework in newer geographies.
• Support to payroll/finance team on payroll taxes

M&A

• HCLTech has done major acquisitions done in last few years.

• We have diversified the portfolio from service company to product company by acquiring IBM
products as one of the biggest acquisitions in India

The work to entail:

• Identification of likely targets in consonance with overall company strategy

• Finance and legal due diligence of the target companies.
• Handling post-merger and acquisition integration responsibilities which shall include integrating
systems, processes, controls, legal compliance frameworks and accounting policies

Treasury

• Export to multiple countries provides exposure to Forex

• Bank / Cash management worldwide
• Leasing in / out of equipment.
• Lending exposure
• Exposure in India Fixed Income Market, India and Global Macro-Economics & Interest Rate Curve.
• Regular interaction with debt market participants.
• Managing large size funds in corporate bank or other financial institutions.

Investor Relations & Secretarial

• IR Team acts as front face of HCLTech in dealing with the investors and shareholders.
 Legal

• Provides the exposure to both Indian & Internal legal compliance framework

Internal Audit

• Being a large organization, Internal Audit plays a vital role in Company processes and transactions.
• Aid in compliances of internal policies and procedures.
• Conduct periodic audits to assess the effectiveness and efficiency of controls developed in a particular
function.
 Job Title
Senior Management Trainee (CFO Office)

Job Location
Pan India

Skillset Required

• MBA/PGDM with specialization in Finance, with minimum 60% in 10th, 12th standard, UG and PG.
• Relevant exposure/work experience will be an added advantage.

Key Points

• Candidates should be open to exploring any of the functions under the CFO office as described above
and should not be limited to any specific function
• Candidates will be assigned to one of the functions basis their profile, specialization, exposure and
business requirements after they are onboarded.