Executive - Record To Report (LATAM)

Job Summary

We are seeking a dedicated and detail-oriented Financial Close and Consolidation Executive to join our dynamic Finance team within our Financial Shared Services center. The ideal candidate will play a crucial role in ensuring accurate and timely support to local finance teams for financial close and reporting processes, as well as the consolidation of financial data across our global organization. This position requires strong analytical skills, technical proficiency, and a solid understanding of accounting principles and financial reporting standards.

Key Responsibilities

• Financial closing. Collaborate with various user departments (such as Business Finance, Sales, Marketing, Procurement, Admin, etc.) to gather financial data and ensure the accuracy and completeness of entries during preparation for month-end, quarter-end, and year-end close to support year-end close.
• Provide support in terms of reconciliations of accounts, investigate discrepancies, and ensure appropriate adjustments are made.
• Prepare and post journal entries in SAP after ensuring sufficient and appropriate supporting documentation.
• Assist in the review of ledger balances and preparation of audit schedules to support balances reflecting in financial statements, to ensure compliance with accounting standards and company policies.
• Ensure necessary actions are taken against aged / non-moving items per the schedule.
• Work closely with local finance teams to gather necessary data and explanations and ensure consistent accounting and reporting, providing support during adjustments, and reconciliations.
• Preparation of daily/weekly Bank Reconciliations, ensuring the balances as per statement match those as per Bank Confirmation and ensuring no aged items in the reconciliations.
• Ensuring all aged GRIR balances are cleared and necessary follow-ups with business users to maintain GL hygiene.
• Fixed asset accounting.
• Ensure the creation of internal orders and the assignment of AUC in accordance with the CER requests that have been approved.
• Review the Capital Work in Progress (CWIP) balances regularly and ensure timely and accurate capitalization of projects that have reached their completion or are due for capitalization.
• Ensuring timely depreciation runs to maintain accurate financial records.
• Manage and respond to requests related to the disposal, impairment, or write-off of fixed assets in accordance with organizational policies and Ind AS.
• Develop and present a reconciliation schedule that is consistent with the trial balance to ensure accuracy and completeness of financial reporting.
• Intercompany accounting.
• Perform accurate and timely recording of intercompany transactions, ensuring adherence to accounting principles and company policies.
• Review and process intercompany invoices, receipts & payments while maintaining proper documentation.
• Perform regular reconciliations of intercompany accounts and identify & resolve discrepancies promptly.
• Prepare and present intercompany account reconciliations for review and approval.
• Investigate and resolve intercompany-related issues, addressing inquiries from stakeholders across markets.
• Implement corrective actions to prevent future discrepancies and errors.
• Collaborate with various departments and entities within the organization to ensure proper intercompany transactional flows.
• Continuously assess and enhance intercompany accounting process activities to streamline operations and increase accuracy.
• Ensure month-end balances are correctly eliminated while consolidation.
• Compliance and reporting.
• Ensure compliance with corporate accounting policies & procedures, international accounting standards and transfer pricing policies & regulations.
• Ensure adequate controls and approvals are in place at all times.
• Assist in the preparation of local and consolidated financial statements and reports for management, board meetings, and external stakeholders.
• Contribute to the development and enhancement of financial reporting processes and systems to improve efficiency and accuracy.
• Process improvement.
• Identify opportunities for RTR process optimization, automation, and standardization within the financial accounting and close processes.
• Collaborate with cross-functional and operation excellence teams to implement improvements and enhance overall efficiency.
• Audit support.
• Assist with internal and external audit requests, providing necessary documentation & information to ensure a smooth audit process within the timelines.
• Support in timely audit closure by assisting in query resolution.
• Address audit findings and implement corrective actions as needed.

Education and Qualifications

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field is required.
• A professional qualification such as CA Inter or CMA is highly desirable and will be considered a plus.
• Proficiency in Spanish Language is a must.

Experience

• 7 to 12 years of experience in Record to Report, Bank Reconciliation, intercompany accounting, controlling & consolidation or a similar role within a finance or accounting function is required.
• Experience working in a financial shared services environment is preferred but not mandatory.
• Prior exposure to working with international financial reporting standards (IFRS) and Indian Accounting Standard (Ind AS) is essential.
• Proven track record of successfully managing and coordinating the financial close process for complex organizations will be advantageous.

Key Skills

• SAP s/4hana
• FCC
• Accrual engine
• Microsoft Excel
• IFRS
• Ind AS
• Tableau
• Power BI
• Spanish

Disclaimer: This job posting 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.