Process Specialist - Intercompany

Role: Professional, Record to Report

Job Purpose and Impact

Considered an experienced professional in the financial services operations space. Uses comprehensive and thorough knowledge, under some oversight, to conduct moderately complex operations activities across a subset of complex processes. Responsible for executing operational activities for several businesses or functions in the region. This includes: operational processes & procedures / compliance, customer / client interaction & business partnership, financial products and services and systems & data management.

Complexity Differentiators:

• Individual Contributor
• Moderately Complex Activities
• Multiple BUs/Functions

Key Accountabilities

70% Operational Performance:

• Lead various RTR Inter Co. activities, which includes handling the month close - processing journal entries, process intercompany transactions/ reconciliations, and other close process activities, Corporate Financial Reporting (need basis) as per business requirement.
• Should be able to suggest the Post close adjustments for the business/country aligned and discuss with relevant stakeholders from Inter Co. perspective.
• Working knowledge of Derivatives, Hedging, Mark to Market, Inventory valuation preferred but not mandatory.
• Responsible for reconciling and reviewing Accounts for Balance Sheet Reconciliations within the scope of Inter Co. Should be able to take a call on Balance sheet account movements with the business stakeholders as part of the Balance sheet review process.
• Handle Management/Statutory/Compliance audit effeiciently. Knowledge of GAAP would be an added advantage.
• Collaborate with different towers (RTR/P2P/O2C and COEs) and stakeholders to perform day-to-day Inter Company activities.
• Knowledge of Power BI, Power Automate, Macros, KNIME preferred.
• Prior Transition experience with knowledge of SOP drafting is an advantage.
• Support Change management.

15 % Continuous Improvement

• May lead process improvements efforts in Inter Co. processes
• Applies a comprehensive understanding of operational practices, procedures and internal controls to identify areas of improvement across a BU or function.
• Stays abreast of standard industry best practices related to operational capabilities, and provides suggestions to more senior team members and mangers to ensure they are appropriately assimilated into improvement initiatives
• Provides comprehensive insight to supervisors and individuals regarding the interpretation and delivery of processes
• May train new hires on the process
• May train teams on process changes and communicating the continuous improvement process to the team.
• Implements and provides input to the development of operations policies, procedures and internal controls
• Ensure documentation is accurate based on each process. Ensure process continuity.

5% Stakeholder management:

• Develops and maintains established relationship with Enterprise segment controllers, R2R, O2C, P2P, Cash Applications and other business partners which include but are not limited to Traders, Plant operations, Master data maintenance, tax etc.
• Competent in Handling Escalations and ad-hoc requests on a timely manner

10%Projects:

• May provide guidance to a group or team with the purpose of achieving goals and metrics.
• Responsible for understanding and navigating though moderately complex information associated with financial products or services which includes but is not limited to transaction specifics data integrity documentation, settlement processes as well as the attributes of relevant market and geography.
• Participate in Special projects to drive efficiency
• Active participation in GPO Initiatives and Global Projects as an SME(Subject Matter Expert)

Required Qualifications:

• B.com graduate with Inter CA or CMA with work experience in Manufacturing/Trading industry.
• Minimum 8-10 years of experience in accounting/finance operation with good expertise in RTR vertical and related processes
• Capable of working independently with multiple projects and groups at the same time with minimum supervision
• General knowledge of the accounting cycle and deep understanding of the financial functions.
• Proficiency in Microsoft Office applications (advanced knowledge of excel preferred)
• Excellent verbal and written communication skills
• Attention to detail
• Experience working across countries and cultures
• Proficiency in English (oral and written communiation) and Hindi (verbal).
• Project management experience
• Demonstrated strong analytical, problem solving skills, and decision-making skills
• Strong team player.

Preferred Qualifications:

• Knowledge of JD Edwards and SAP S4 Hana General Ledger would be an added advantage.
• Experience working in a Shared Service Center
• Lean Six Sigma background
• Demonstrated understanding and commitment to internal controls
• Strong knowledge of IFRS, US GAAP
• Motivated by continuous improvement