InterCo
- Responsible for supporting Honeywell SBG Specific Intercompany activities
- Need end to end understanding of Intercompany cycle/workstreams, including Intercompany Accounting, Intercompany Reporting, FX Hedging, IC Settlements & Policy Compliance
- Month end reconciliation for accurate month end reporting.
- Ensure Inter Co accounts are analyzed for aged imbalances and action plan being timely documented and makes sure account reconciliations are delivered with quality.
- Identify and resolve month-end close issues and material differences.
- Cleanse IC master data for obsolete trading partners.
- Work on resolving out of balances, and ensure entities line up to IC policy and procedures.
- Analysis of the IC GL accounts on a periodical basis, including policy enforcement.
- Ensure Interco practices are compliant to locations supported
- Manage Intra-company and resolution of Equity reporting for cross company transactions for multi-SBG entities.
- Manage and propose appropriate corrections to GRIR account working alongside controllers and procurement.
- Be the focal point to co-ordinate Corp recharges, including coding and recording
- Monitor Interco queues; act as tier 2/3 resolution/coordinator
- Ensure month-end discrepancies are resolved and closed out within the set timelines.
- Focus on relevant metrics and develop action plans based on metric outcome.
- Reduce exceptions through root cause analysis and implementation of solutions.
- Build effective working relationships with business contacts.
- Act as Subject matter expertise (SME) and help drive process re-engineering & transformation efforts.
- Work closely with key stakeholders like controllers, CFLs/RFLs, and other SBG Inter Co. contacts
- Reduce exceptions through root cause analysis and enforce standardization, unless inevitable due to local legal compliances.
Education and Certifications
- MBA Finance and B. Com or CA/CMA/CS Intermediate Level
Required Experiences
- 7 + years of overall finance experience.
- Finance or Accounts graduate. Must have worked in finance domain for at least 7+ years
- Minimum 7+ years of experience in Accounting.
Knowledge and Skills
Critical
- Hands on experience with SAP GL, AR & AP and Data analytics tools
- Preferable Work experience on consolidation platforms like Hyperion Reporting systems.
- Good knowledge of Inter Company billing concepts, processes & best practice.
- Good knowledge of US and/or other GAAPs.
- Strong technical and analytical skills.
- Knowledge of R2R concepts, processes, best practices and value addition process initiatives and execution, & Banking domain expertise.
Excellent communication and interpersonal skill are desirous.
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Preferable
- Exposure to full close processes for a multi-national group.
- Proactive, ability to use own initiative and partner to devise creative solutions.
- Having an audit experience will be an added advantage.
- Strong knowledge of MS Office (Word, Excel, PowerPoint).
- Flexibility to work shifts & exposure to global customers.
Honeywell helps organizations solve the world's most complex challenges in automation, the future of aviation and energy transition. As a trusted partner, we provide actionable solutions and innovation through our Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments – powered by our Honeywell Forge software – that help make the world smarter, safer and more sustainable.
