General Accounting & Recon - Gandhinagar - B1(11)B3/4/5
Job Description:
Finance reporting
US GAAP - Mandatory
Security reports - SEC
CA - Mondatory
Shifts : night shifts
General Accounting and Reconciliations
Team Objectives:
Given below are the broad objectives of the entire team. Each band of FTE has a different role to perform and hence the skills and competency requirements are different for each role.
- Prepare and review daily and monthly bank reconciliations in adherence with Finance Policies.
- Prepare and review daily and monthly suspense account reconciliations in adherence with Finance Policies.
- Prepare and review all other daily and monthly balance sheet reconciliations in adherence with Finance Policies.
- Process accrual, re-class, and other journal entries in adherence with Customer’s Finance Policies.
- Maintain assets in the fixed asset system including additions, disposals and depreciation, generate fixed asset reporting.
- Prepare bank uploads and wires reporting.
- Perform accounting checks and validations reporting.
- Produce all general accounting reports, including cash flow and reconciliation summaries.
- Manage and clear outstanding items in adherence with Customer’s Finance Policies.
- Liaise with respective business units for queries, seeking information / details relevant for financial preparation
Band wise skills and competencies:
|
Evaluation criteria |
Band 1 – 3 |
Band 4-5 |
Band 6-7 |
|
Education |
BCom, MCom, MBA Finance, BBA |
BCom, MCom, MBA Finance, BBA |
BCom, MCom, MBA Finance, BBA |
|
Experience |
1-3 years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Reconciliations areas |
3-8 years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Reconciliations areas |
10+ years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Reconciliations areas |
|
Domain / Accounting knowledge and skills |
· Basic understanding of accounting principles |
· Advanced understanding of performing various types of reconciliations is required · Advanced understanding of accounting principles · Knowledge of insurance products and operations desirable as this helps in performing reconciliations and open item management · Should be able to provide domain support to team members · Should be able to understand the effects of Journal Entry adjustments |
· Advanced understanding of performing various types of reconciliations is required · Expert understanding of accounting principles · Knowledge of insurance products and operations desirable as this helps in performing reconciliations and open item management · Should be able to mentor and guide the team on regular basis · Should be able to understand the effects of Journal Entry adjustments |
|
Knowledge of Reconciliations Tools |
Basic understanding of TLM, Intellimatch, Blackline or any reconciliations tool is preferable |
Advanced understanding of TLM, Intellimatch, Blackline or any reconciliations tool is preferable |
Advanced understanding of TLM, Intellimatch, Blackline or any reconciliations tool is preferable |
|
Knowledge of ERP / Accounting / Financial reporting systems |
Basic knowledge will be preferred |
Advanced knowledge will be preferred |
Advanced knowledge will be preferred |
|
MS Excel / Access skills |
Basic |
Advanced |
Advanced |
|
General Ledger Reconciliations |
Basic knowledge desirable but not necessary |
Advanced knowledge desirable but not necessary |
Advanced understanding required |
|
Team Management |
Not required |
Process supervision and oversight, manage deliverables of smaller teams |
Supervise and manage the entire Financial Reporting team |
|
|
|
|
|
|
Other requirements: |
• Responsible for executing processes based on written instructions. • Transaction based activities include sorting, verifying for accuracy and completeness, formatting data, posting, and preparing output (various types of reconciliations, system to system reconciliations, balancing, open item management, reports etc) |
• Responsible for executing complex processes that involve greater subjective thinking • Transaction based activities and processing are at a much higher volume of transactions than lower level staff • Also Responsible for managing the day-to-day workload and first-level process escalation, and reviews processes for accuracy and timeliness. |
• Responsible for leading and directing the work of others and the overall process. Reviews client critical deliverables, manages the overall workload, and second-level process escalation. • Familiar with a variety of the field's concepts, practices, and procedures - relies on extensive experience and judgment to plan and accomplish goals. A wide degree of creativity and latitude is expected. |
|
|
• Proficient in MS Office applications • Good command of English both in written and spoken • Customer centricity • Understanding of financial processes and applications as per the requirement of the role |
• Good command of English both in written and spoken with customer centricity • Analytical, decision making, problem solving, and people management skills • Strong understanding of financial processes and applications as per the requirement of the role |
• Results-oriented leader • Analytical, decision making, problem solving, and people management skills • Strong understanding of processes and process improvement • Excellent command of English both in written and spoken with customer service orientation |
General Accounting and Reconciliations
Team Objectives:
Given below are the broad objectives of the entire team. Each band of FTE has a different role to perform and hence the skills and competency requirements are different for each role.
- Prepare and review daily and monthly bank reconciliations in adherence with Finance Policies.
- Prepare and review daily and monthly suspense account reconciliations in adherence with Finance Policies.
- Prepare and review all other daily and monthly balance sheet reconciliations in adherence with Finance Policies.
- Process accrual, re-class, and other journal entries in adherence with Customer’s Finance Policies.
- Maintain assets in the fixed asset system including additions, disposals and depreciation, generate fixed asset reporting.
- Prepare bank uploads and wires reporting.
- Perform accounting checks and validations reporting.
- Produce all general accounting reports, including cash flow and reconciliation summaries.
- Manage and clear outstanding items in adherence with Customer’s Finance Policies.
- Liaise with respective business units for queries, seeking information / details relevant for financial preparation
Band wise skills and competencies:
|
Evaluation criteria |
Band 1 – 3 |
Band 4-5 |
Band 6-7 |
|
Education |
BCom, MCom, MBA Finance, BBA |
BCom, MCom, MBA Finance, BBA |
BCom, MCom, MBA Finance, BBA |
|
Experience |
1-3 years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Reconciliations areas |
3-8 years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Reconciliations areas |
10+ years within Finance and Accounting BPO, accounting practice or finance department of commercial organization or Reconciliations areas |
|
Domain / Accounting knowledge and skills |
· Basic understanding of accounting principles |
· Advanced understanding of performing various types of reconciliations is required · Advanced understanding of accounting principles · Knowledge of insurance products and operations desirable as this helps in performing reconciliations and open item management · Should be able to provide domain support to team members · Should be able to understand the effects of Journal Entry adjustments |
· Advanced understanding of performing various types of reconciliations is required · Expert understanding of accounting principles · Knowledge of insurance products and operations desirable as this helps in performing reconciliations and open item management · Should be able to mentor and guide the team on regular basis · Should be able to understand the effects of Journal Entry adjustments |
|
Knowledge of Reconciliations Tools |
Basic understanding of TLM, Intellimatch, Blackline or any reconciliations tool is preferable |
Advanced understanding of TLM, Intellimatch, Blackline or any reconciliations tool is preferable |
Advanced understanding of TLM, Intellimatch, Blackline or any reconciliations tool is preferable |
|
Knowledge of ERP / Accounting / Financial reporting systems |
Basic knowledge will be preferred |
Advanced knowledge will be preferred |
Advanced knowledge will be preferred |
|
MS Excel / Access skills |
Basic |
Advanced |
Advanced |
|
General Ledger Reconciliations |
Basic knowledge desirable but not necessary |
Advanced knowledge desirable but not necessary |
Advanced understanding required |
|
Team Management |
Not required |
Process supervision and oversight, manage deliverables of smaller teams |
Supervise and manage the entire Financial Reporting team |
|
|
|
|
|
|
Other requirements: |
• Responsible for executing processes based on written instructions. • Transaction based activities include sorting, verifying for accuracy and completeness, formatting data, posting, and preparing output (various types of reconciliations, system to system reconciliations, balancing, open item management, reports etc) |
• Responsible for executing complex processes that involve greater subjective thinking • Transaction based activities and processing are at a much higher volume of transactions than lower level staff • Also Responsible for managing the day-to-day workload and first-level process escalation, and reviews processes for accuracy and timeliness. |
• Responsible for leading and directing the work of others and the overall process. Reviews client critical deliverables, manages the overall workload, and second-level process escalation. • Familiar with a variety of the field's concepts, practices, and procedures - relies on extensive experience and judgment to plan and accomplish goals. A wide degree of creativity and latitude is expected. |
|
|
• Proficient in MS Office applications • Good command of English both in written and spoken • Customer centricity • Understanding of financial processes and applications as per the requirement of the role |
• Good command of English both in written and spoken with customer centricity • Analytical, decision making, problem solving, and people management skills • Strong understanding of financial processes and applications as per the requirement of the role |
• Results-oriented leader • Analytical, decision making, problem solving, and people management skills • Strong understanding of processes and process improvement • Excellent command of English both in written and spoken with customer service orientation |
Key Skills :
Company Profile
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