Analyst, Accounting Shared Services Centers
Schneider Electric · Bengaluru · onsite · Posted today
Undisclosed3–8 yrsfulltimeSourced from
About a minute. You'll make an account on the way through.
About this role
Job Summary
Responsibilities
Required Qualifications
Key Skills
Disclaimer: This job posting and Location has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Intercompany Accounting Manage end-to-end intercompany accounting processes across multiple legal entities. Ensure timely recording, validation, and settlement of intercompany transactions. Prepare and post intercompany journal entries in compliance with accounting standards and company policies. Investigate and resolve intercompany mismatches and reconciliation differences. Coordinate with regional finance teams to clear aged outstanding balances.
Responsibilities
- Goods in Transit (GIT) Perform monthly review and reconciliation of Goods in Transit balances.
- Analyze aging items and collaborate with logistics, supply chain, and business teams for timely resolution.
- Ensure accurate recognition of inventory and corresponding intercompany entries.
- Monitor open transit transactions and support period-end reporting requirements.
- NAP (Netting and Allocation Process) Execute intercompany netting activities and settlement processes.
- Validate netting positions and ensure proper allocation of balances between entities.
- Investigate exceptions and discrepancies in netting cycles.
- Support cash settlement and treasury teams during intercompany settlements.
- Hold Account Management Review and reconcile hold/suspense accounts on a periodic basis.
- Analyze unidentified transactions and coordinate with stakeholders for proper classification.
- Ensure timely clearance of outstanding hold balances and maintain supporting documentation.
- Drive reduction of aged items through regular follow-up and escalation.
- Accounts Payable Accounts Receivable Reconciliation Perform monthly AP and AR intercompany reconciliations.
- Reconcile sub-ledger balances with general ledger accounts.
- Investigate and resolve invoice, payment, and booking discrepancies.
- Work with global counterparts to achieve intercompany balance alignment before close.
- Ensure compliance with account reconciliation policies and SOX/internal control requirements.
- GRIR (Goods Receipt Invoice Receipt) Review and reconcile GRIR accounts on a monthly basis.
- Analyze aged GRIR items and coordinate with Procurement, Operations, and AP teams for resolution.
- Monitor unmatched goods receipts and invoices.
- Ensure accurate accruals and timely clearing of open GRIR balances.
- Support audit requests by providing detailed reconciliation and supporting documents.
- Month-End Close Activities Support monthly, quarterly, and annual close processes.
- Prepare balance sheet reconciliations and review schedules.
- Ensure all reconciliations are completed within agreed timelines.
- Provide variance analysis and commentary on key balance sheet accounts.
- Support internal and external audits.
Required Qualifications
- Bachelor's degree in Commerce, Accounting, Finance, or related field.
- CA Inter, CMA, MBA Finance, ACCA, or equivalent qualification preferred.
- 3-8 years of experience in Intercompany Accounting, Record-to-Report (R2R), or General Ledger functions.
- Strong understanding of AP, AR, GIT, GRIR, and balance sheet reconciliations.
- Experience working in a shared services/BPO/Global Capability Center environment.
Key Skills
- Intercompany Accounting
- Record-to-Report (R2R)
- General Ledger
- AP
- AR
- GIT
- GRIR
- Balance Sheet Reconciliations
- SOX/Internal Control
Disclaimer: This job posting and Location has been aggregated from external source. Role details, content, and availability are subject to change. Applicants are advised to confirm the latest information directly on the company website before applying.
Sourced from naukri
Skills
CA interAccounts PayableAutomationAccount ReconciliationclassificationauditsAccrualsAPAccounts ReceivableCyber SecuritybpoAccountingAccounting Standardscompliancefinanceaccount managementCMABalance Sheet
About Schneider Electric
Schneider Electric
Industrial Automation
37.0k+
employees
1999
27 years old
Paris
France
About
Global leader in energy management and automation, driving sustainability and efficiency with €38.15 billion in 2024 revenue, innovating for a more sustainable future worldwide.
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