Job Title:  F&A Operate: Record to Report | Bengaluru | Finance Transformation

Analyst will be responsible for ensuring completion of delivery of day-to-day activities within the Record to Report (R2R) function/process, (for e.g., Intercompany activity, accounting and reporting, GL period end activities, Bank Reconciliation and B/S reconciliation, lease accounting, Royalty accounting).

Key responsibilities for the Analyst will include:

Performance and day-to-day delivery of R2R processes, sub-processes, activities, and transactions

·    Knowledge to perform and deliver one or more of the following R2R activities:

·    Intercompany Activities:

•    Record intercompany transactions, ensuring proper elimination and reconciliation in line with accounting policies.

•    Coordinate with relevant teams to ensure accuracy of intercompany balances and resolve discrepancies.

·    Accounting & Reporting:

•    Assist in the month-end and year-end closing processes to ensure financial reports are completed on time.

·    GL Period End Activities:

•    Perform general ledger (GL) period-end close activities, ensuring the accuracy of financial transactions and proper recording in the GL system.

•    Prepare journal entries and account reconciliations as required for period-end activities.

·    Bank Reconciliation and BS Account Reconciliation:

•    Perform monthly bank reconciliations and ensure timely resolution of discrepancies between the company’s bank accounts and financial records.

•    Perform BS Account reconciliations.

·    Financial Reporting:

•    Generate and analyze financial reports to provide key insights into the company’s financial health.

•    Ensure the completeness, accuracy, and consistency of all financial reports.

·    Lease Accounting:

•    Creation of lease contracts, analysing financial reports and posting JE adjustment

·    Royalty Accounting:

•    Analysing Royalty pay outs per contract, posting JE's and accruals.

•    Creation of Royalty set up, Preparation of Royalty statements, coordination with F&A

·    Withholding tax:

•    Review of taxes withheld, reconciliation of tax rates b/w SAP and statutory liability

·    Provide necessary documentation and reports for financial reporting

·    Ensure compliance with company policies, accounting principles, and relevant regulations

·    Stay informed about changes in accounting standards and best practices in R2R function

Experience:

·      2-5 years of previous work experience

·      Basic / working knowledge of R2R processes and applications

·      Knowledge of MS office and other computer skills

·      Effective communication, problem solving and analytical skills

·      Prior experience in BPO sector (preferred)

Knowledge of SAP S4 HANA will be an added advantage

Qualification

·     B. Com / BBA / BMS or similar three-year graduate course

M.Com / CA Inter