Intermediate Representative, Accounting Position Summary : Describe below the primary purpose and function of this job The Analyst is responsible for Month end close activities and preparing General Ledger Balance Sheet Account Reconciliations. The key role includes :
3 to 5 year experience in Month end close and reconciliations
Qualification - B.Com / M.Com / MBA (with 3+years of experience )
Preferable have working knowledge on ERP (PeopleSoft / Oracle and SAP) and Blackline reconciliations.
Preparation of process documentations
Experience in Client handling (preferably Overseas Clients)
Better communication skills
Basic knowledge on Sarbanes Oxley (SOX) and its relevant compliance
Basic knowledge on internal controls and audit.
Good if he / she had already handled transitions either through remote KT (knowledge Transfer) or in person
Basic knowledge in various system, how interface happens and data flows between two systems thus understanding the flow of transactions.
Basic knowledge in upstream / downstream processes
Basic awareness about some of the critical words used in the industry like Key Performance Indicators (KPI), Service level agreement (SLA), Continuous Process improvement (CPI), preparation of metrics like dashboard, error register and issue log.
The key role includes for Journal entry process and Blackline General ledger reconciliations.
Knowledge in Accrual & Prepaid concept and Golden rules.
Knowledge and experience in Month end close.
Prepare / post journal entries for complex or routine business transactions including inter-company transactions.
Expertise in Journal entries process for prepaid amortization, accruals and journal entries Intercompany transaction using with Affiliates.
Assist with the month end close, quarter-end close and the year-end close activities.
Perform basic research of financial data to support senior colleagues in the analysis of financial information.
Knowledge and experience in preparing General ledger balance sheet account reconciliations like Prepaid, Accrual, BRS, Loans, Equity, VAT reconciliations.
Knowledge and experience in Identification of R items (Required Adjustments) and ageing of reconciling & outstanding items.
Escalate items of concerns or those past the business standard to management in accordance with the GL reconciliation policy.
Understanding of application of some key GAPS and the companies’ policies and in case of issues timely escalate to the Team Leader.
Ensure that all items of concerns or those past the business standards have been escalated to the management.
ESSENTIAL FUNCTIONS - Key Roles & Responsibilities : List up to 6 key roles and responsibilities of this job. (Percentages must sum to 100%) Percentageof Time 1.
Month end close activities and Preparation of General Ledger Balance Sheet Account Reconciliations 70% 2. Prepare critical / complex General Ledger Balance Sheet Account Reconciliations 20% 3.
Compilation of MI and its reporting 10% Job Qualifications : Indicate the minimum and preferred education and experience for this job and any licenses and certifications required Minimum Education : Graduate Preferred Education :
Ideally CA / ICWA (Intermediate).
Minimum Experience :
A minimum of 2 to 5 year of strong accounting experience.
In-depth knowledge and experience of month end close and General ledger reconciliations & associated accounting controls
Strong general accounting knowledge of transaction processing & use of control accounts
Ability to solve problems, self starter & highly motivated to deliver quality service
Should be comfortable in multitasking (production / review / query resolution / training / giving feedback etc.)
Should proactively identify & resolve reconciliations issues Preferred Experience :
Experience obtained through training / exposure in an Operational accounting environment for a minimum of 2 to 5 years.
Knowledge of the financial services sector would be beneficial but not essential.
Ability to work and meet stringent deadlines, work under pressure and maintain focus on detail is the key to being successful in this role.
B.COM / M.COM