Skill required: Record to Report - Account Reconciliations
Designation: Associate
Qualifications:BCom
Years of Experience:1 - 3 Years
About Accenture
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What would you do? You will be aligned with our Finance Operations vertical and will be helping us in determining financial outcomes by collecting operational data/reports, whilst conducting analysis and reconciling transactions. The Record to Report team helps clients and organizations in their operational efficiency and balance sheet integrity, cuts time to close and safeguards compliance with regulatory requirements The areas where this team's expertise lies is in posting journal entries, preparing balance sheet reconciliations, reviewing entries and reconciliations, preparing cash forecasting statement, supporting month end closing, preparing reports and supports in audits. The Financial Consolidation & Close Operations team is responsible for general ledger processes including yearend closing, journalizing, etc. They help create & maintain ledgers, currencies, budgets, & journal entries, deliver solutions including a flexible accounting structure, comprehensive journal processing, hierarchical summaries, intuitive inquiry & reporting, dynamic allocations & the management of commitments & expenditures, run interface reports & perform close books of accounts. The team reviews P&L accounts errors, omissions, or inconsistencies and managing the preparation of all reports. They also work on posting journal entries, preparing balance sheet reconciliations, investigating, and reporting open items, reviewing entries and reconciliations, supporting month-end closing, preparing various reports as required, and supporting audits. The team also oversees improvement projects, including automation.
What are we looking for? • Check interface execution and generate control reports • Run trial balance reports from ERP's and receive TB from FBU's and Air MI • Reconcile balances between source ERP's and BPC/CFIN • Follow up with the counterparties for resolving the variances, process and post accruals post confirmation from the respective intercompany • Run report to generate list of topside adjustments • Reconcile approvals for topside adjustment • Identify interface exceptions • Process journal entries • Process allocations/reclassifications • Clear open item managed accounts • Run program on the reporting tool to consolidate ledgers • Open ledgers and/or the next reporting period in ERP • Determine if provided information passes Data Quality Review • Generate Adhoc or agreed reports from SAP within the agreed timelines • Experience in team management can manage team staff accountants, review their work and can directly foreign counter parts. • Timely Updation of process documents (SOPs)/procedures • Commitment to quality • Adhering to SLA / KPI / Other relevant metrics reporting • Good understanding of end-to-end RTR process • SAP knowledge is must • Should be well versed with MS-Office • Good communications skills • Ambitious individual who can work under their own direction towards agreed targets/goals • Ability to work under tight timelines and have been part of change management initiatives. • Proven interpersonal skills while contributing to team effort by accomplishing related results as needed • Flexible to work in Shifts and Work from Office
Roles and Responsibilities: •In this role you are required to solve routine problems, largely through precedent and referral to general guidelines • Your expected interactions are within your own team and direct supervisor • You will be provided detailed to moderate level of instruction on daily work tasks and detailed instruction on new assignments • The decisions that you make would impact your own work • You will be an individual contributor as a part of a team, with a predetermined, focused scope of work • Please note that this role may require you to work in rotational shifts