General Accounting & Recon - Gandhinagar - B1(11)B3/4/5

General Accounting & Recon - Gandhinagar - B1(11)B3/4/5

14 Nos.
6002
Full Time
0.9 Year(s) To 7.0 Year(s)
2.00 LPA TO 20.00 LPA
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

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