Accountant - General Ledger
Location
Pune | India
Job description
Job Title
Accountant - General Ledger
Job Description - Should possess in depth knowledge of General Accounting and other related finance activities
- As a part of pre-closing activities, has to ensure all the transactions jobs related to bank, AR & AP and other financials are properly accounted completely processed accurately in the system
- Has to ensure all orders / projects are booked, and all checks have been followed to complete the revenue recognition process
- Perform reconciliations on monthly basis for all GL accounts and able to identify the variances
- Involved in processing Accruals required as per the policies and process followed
- Book reclass journal entries required to the relevant account code
- Book fixed journal entries on monthly or bi-monthly basis
- Book journals for Provisions for Doubtful debts, and should also perform Loss making adjustments based on the financial reports every month end
- Should have hands on experience on the financial reports and take required action as a part of rectification entries, cost reclass etc
- Perform Forex revaluations as per the SLA's every month
- Run accounts receivable aging report and verify that total agrees with balance on trial balance
- Ensure all inventory related transactions are processed, Stock integrity issues have been resolved, Closely involved in Stock calculation, take adequate steps to clear stock obsolete items.
- Check for any unposted and transactions for the month and take required action
- Keep a close tab on accruals, Unbilled receivables etc and ensure those are cleared from the list on timely basis
- Identify fixed assets additions and disposals during a period and take required action
- All ad hoc journal entries related to opex & capex to be considered as a part of closing activities
- Ensure all Tax / Vat related activities are completed on monthly basis, and also to perform transfer pricing activities
- Accountable for tracking and recording the costs of newly acquired fixed assets
- Record fixed assets by creating and supervising a system of procedures, forms, and controls including depreciation rate & useful life of assets
- Check all tag numbers have been coded to all fixed assets on timely basis as per the process
- Involvement in updating the accounting policies related to fixed assets on timely basis
- Monitoring closely the disposals related to fixed assets and take required action involving management team on regular basis
- Post depreciation on monthly basis as per accounting guidelines
- Track the project's cost in Fixed assets accounts and close out those assets account once the projects or milestones are achieved
- Review the fixed assets schedule and depreciation on monthly basis
- Perform reconciliations of Fixed Assets to GL on monthly basis and take required action for any variances / deviations observed
- Closely monitor the fixed assets accounting every month and work on reclass entries if needed
- Should be able to identify if the Purchase orders, costs are incorrectly coded to wrong account codes.
- Perform asset retirement obligation calculations for ARO applicable assets
- Perform asset retirement obligation calculations for ARO applicable assets
- Opening and closing of financial period once all the financial transactions & journals have been posted
- Should be involved in the post closing activities like MIS Reporting, Perform Mass allocations, identify variances in GL accounts
- Perform all cash and bank transactions on daily basis as per the SLA's
- Post all bank transactions manually or through automated tool (BCM)
- Monitor and reconcile bank accounts on timely basis
- Perform daily / Month end reconciliations and process required journal posting during month end closing
- Perform quality and control reviews of Cash and Bank accounting transactions getting processed
- Work closely with the treasury teams and monitor in flow and out flow of cash / bank transactions on timely basis
- Disclose the Cash flow statement to the management as a part of month end activities
- Closely monitor any unidentified transactions in the bank statement and take required action to clear such unidentified items
- Perform reconciliation of Bank to GL accounts on monthly basis and identify variances if any
- Maintain the accounting procedures and policies as agreed while performing wire transfers, cheque payments etc
Ensure ageing of interim accounts like Payment in transit should be 30 days
Skillsets - At least 4-6 years of experience in GL teams of a Shared services set-up preferably
- Possess strong knowledge of GAAP, IFRS (Preferred to have)
- Conceptually sound in the financial activities & Accounting and General Ledger
- Good Analytical skills
- Good verbal and written communication skills
- Attention to detail approach with logical thinking
- Proactive approach and active involvement in driving process improvements, automations if any
- Displays the ability to multitask and handle multiple issues at the same time without stress
- Should be good team player as he / she will be aligned with within the team based on the business requirements particularly during month ends / quarter ends
- Proficiency in MS Office - Word/ Excel/PPT
- Good to have knowledge on Blackline tool
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