Company : Honeywell Technology Solutions Lab Pvt Ltd
Website : www.honeywell.com, www.honeywellautomationindia.com
Education : CA/ICWA (Inter) or CFA or M.Com / MBA (finance)
Experience : 0 – 1 Years
Location : Bangalore
Honeywell Technology Solutions (HTS)
is an integral arm of Honeywell, one of the world’s premier global and
progressive companies. As Honeywell’s key regional arm of excellence,
HTS provides technology, product and business solutions meeting global
standards of quality, innovation and lifetime performance. With over
6000 employees, HTS has operations in Bangalore, Madurai &
Hyderabad, India; Shanghai & Beijing, China and Brno, Czech
Republic.
Honeywell International (www.honeywell.com) is a Fortune
100 diversified technology and manufacturing leader, serving customers
worldwide with aerospace products and services; control technologies for
buildings, homes and industry; automotive products; turbochargers; and
specialty materials. Based in Morris Township, N.J, Honeywell Inc, the
technology leader has 120000 employees and across 100 countries world
wide.
Designation : HIPI – Audit Associate
Industry Type : Accounting / Finance
Role : Accounts Executive/Accountant
Functional Area : Accounts, Finance, Tax, Company Secretary, Audit
Job Description :
Auditing function:
>Royalty reports
>Verify royalty reports are submitted on a timely basis
>Issuance of letter for late submissions
>Ensure information submitted is accurate and fully supported
>Validate and recalculate information on royalty report submission
>Place royalty report and supporting documentation onto docushare drive
>Desk audits (function will report to HIPI audit lead)
>Perform desk audits on contracts
>Based
upon a selected period the following steps will be performed :Obtain an
understanding of the contractual obligations of the agreement
>Validate all royalty reports have been received
>Validate all payments have been received on a timely manner
>
Schedule a
conference call with licensee finance team to discuss
> Process for identifying information to be used in the
calculation of the royalty report
>Specific names of documents used to support documentation
>In summary, gather enough information to create a high level process flow and validate with licensee
>Once
process flow is complete, validate the accuracy of the process flow to
the royalty reports and ensure the information can be traced to
supporting documentation
>Document findings in a summary.
>Determine penalties and
calculate interest>Validate
required supporting documentation has been received on the contract
and it is current (i.e. insurance requirements, dos agreements, etc.).
>Review contractual requirements and assess whether further testing or review will be required.
This could include:> Contacting the business to ensure that the licensee is purchasing the required goods.
> Validating the patent to ensure it is active Etc.
Back up to the LMS and accounting functions
Qualifications:
Essential: CA/ICWA (Inter) or CFA or M.Com / MBA (finance) with Audit experience in IP
Experience: Years of Experience: 0-1 year
Nature of Experience ( Area/Function/Environment/ Domain/Product):
>Audit experience in
Intellectual properties>Essential Skills / Aptitude
>Excellent written and verbal communication skills
>Ability to work in a team environment
>Ability to understand the customers requirement, and deliver the same in an effective manner
>Good interpersonal skills
>Self starter who can work without a lot of supervision and can tolerate ambiguity
