By creating bearings and solutions for everything from industrial applications to vehicles, SKF plays an essential role in our everyday lives. In Q4 2026, SKF intends to spin off its Automotive business and list it as a separate company under the name of SKF Vertevo. A company created to support the future of the automotive market, and to co-drive the future of mobility faster.
This role will be a part of that new company. Would you like to join us, and move people further?
Accountant - O2C- SKF Automotive Business
We are in the process of identifying a suitable candidate for the role of Accountant - O2C. This role will be based in Pune and will report to the Sr. Accountant - O2C.
Purpose of the role:
The O2C Analyst is responsible for managing end-to-end Order-to-Cash processes, ensuring accurate revenue recognition, sales accounting, customer invoicing, reconciliations, statutory compliance support, and audit readiness. The role requires close coordination with Sales, Supply Chain, Tax, Controllership, R2R, and Shared Services teams to ensure accurate financial reporting and effective working capital management.
Key responsibilities (or What you can expect in the role)
Sales Accounting & Revenue Recognition
- Perform Sales Reconciliation between SAP, business reports, and financial records.
- Ensure timely and accurate recognition of Sales Invoices and Credit Notes in SAP.
- Monitor revenue postings and investigate discrepancies impacting sales reporting.
- Conduct Internal Sales Reconciliation and resolve variances with stakeholders.
- Support month-end and year-end sales closing activities.
Credit Note Management
- Process customer Credit Notes related to incentives, rebates, discounts, pricing differences, and claims.
- Validate supporting documents and approvals before processing.
- Track outstanding credit note requests and ensure timely resolution.
Royalty Accounting
- Calculate and process Royalty Provisions as per agreements and accounting requirements.
- Coordinate royalty payments with Treasury and AP teams.
- Reconcile royalty balances and provide supporting schedules for audits.
SAP Process Management
- Monitor and resolve VFX3 errors in SAP to ensure accurate billing and accounting postings.
- Support issue resolution for billing, pricing, and account determination errors.
- Coordinate with SAP support teams for systematic issue resolution and process improvements.
- Generate and analyze SAP reports for management reviews.
Reconciliation & Financial Analysis
- Perform Sundry Invoicing in SAP for miscellaneous customer billings.
- Prepare margin analysis and profitability reports.
- Investigate revenue, pricing, and margin variances.
- Reconcile customer accounts and ensure proper closure of open items.
Audit & Compliance Support
- Handle Internal, Statutory, Tax, and Group Audit requirements.
- Prepare audit schedules, reconciliations, and supporting documentation.
- Respond to auditor queries and ensure timely closure of audit observations.
- Maintain proper documentation in compliance with company policies and accounting standards.
Financial Reporting & Related Party Transactions
- Prepare schedules for monthly, quarterly, and annual financial reporting.
- Maintain and reconcile related-party transaction details.
- Support disclosures for statutory and management reporting.
- Ensure completeness and accuracy of intercompany transactions.
Inventory & R2R Support
- Support R2R team in resolving inventory-related accounting queries.
- Assist in inventory reconciliations and variance analysis.
- Coordinate with Supply Chain and Finance teams for inventory accounting matters.
Tax Support
- Address GST, VAT, withholding tax, and other indirect/direct tax queries related to customer transactions.
- Coordinate with Tax and Finance teams for resolution of tax-related issues.
- Ensure compliance with tax requirements for invoicing and credit notes.
Key Competencies
- Sales and Revenue Reconciliation
- SAP VFX3 Error Resolution
- Credit Note Processing
- Royalty Accounting
- Financial Analysis & Margin Reporting
- Audit Management
- Related Party Reporting
- Revenue Recognition
- Inventory Accounting Support
- Tax Compliance Support
- Problem Solving & Analytical Skills
- Stakeholder Management
Requirements (or We expect you to have/be)
- Bachelor's or Master's degree in Commerce, Finance, Accounting, or related field/MBA.
- 5-10 years of experience in Order-to-Cash, Revenue Accounting, or Commercial Finance processes.
- Strong SAP knowledge, including SD-FI integration.
- Experience in handling audits and financial reporting activities.
- Advanced Excel and data analysis skills.
If you want to go further
This position will be located Pune, India. You will report to Sr. Accountant - O2C, who is located in Pune. For questions regarding the recruitment process, please contact Supriya Joshi, Talent Acquisition Specialist, by email supriya.joshi@skfvertevo.com. Please note that we can't accept applications via email.
Apply with your CV in English throughout the system, no later than 11-15-2026. We will screen candidates continuously, so make sure to submit your application as soon as possible.
If you want to know more about SKF Automotive business, please visit our webpage.
SKF Automotive: Bearings & aftermarket solutions since 1907
Transparency and fairness matter to us
At SKF, we see diversity in our workforce as an asset that supports better business results. We are committed to having a fair and inclusive recruitment process where all hiring decisions are based on objective, job-related criteria, ensuring equal opportunities for all candidates.
To support a fair and transparent recruitment process, the process may include assessments, and before hiring, we may also carry out background checks and verify application information. Any employment offer will be based on the requirements of the role and an overall assessment of the candidate’s qualifications and potential. Our recruitment process may differ from country to country and will always be in line with applicable country-specific laws and regulations.
Come as you are – just be yourself. #weareSKF
