HCL is Hiring For R2R /GL/Property accounting - Chennai

Interview Date:2nd Mar -11:00 AM -2pm

Interview Location:HCL TechNo. 602/3/138, Special Economic Zone, Elcot-Sez, Medavakkam High Road, Sholinganallur, Chennai - 600119

Tower 4

R2R role

Property accounting : Fixed asset experience is fine

Analyst -3yrs -6yrs & TL-6yr - 9yrs

Notice period up to 30 days

Candidate should be ready to work in US shift

Job Role:

Job 2:Property Accounting

JD:1. Accounting Journal Entries & Documentation

• Prepare, document, and review journal entries (JEs) in compliance with accounting policies.
• Prepare recurring and reversing journal entries.
• Define and prepare periodic allocation entries.
• Ensure accurate posting and timely processing of all JEs.

2. Intercompany Accounting

• Prepare and record intercompany transactions.
• Research intercompany out-of-balance issues and escalate when required.
• Prepare intercompany eliminating entries.
• Perform intercompany account reconciliations and ensure timely resolutions.

3. Account Reconciliations

• Prepare balance sheet reconciliations for assigned accounts.
• Reconcile sub-ledgers with the general ledger.
• Analyze account balances and clear reconciling items promptly.
• Prepare accounts receivable reconciliations.
• Coordinate with relationship managers to collect past due payments.
• Reconcile daily receipts between GL, subsystems, and bank records.

4. Debt & Deferred Financing Cost Roll-Forwards

• Prepare reconciliations for debt-related balance sheet accounts.
• Reconcile debt schedules and ensure accuracy of supporting documentation.
• Analyze balances and resolve reconciling items for assigned accounts.
• Support all related accounting activities for debt and financing costs.

5. Unclaimed Property Compliance

• Support compliance requirements for unclaimed property based on company policy and regulatory obligations.
• Assist in tracking, reporting, and validating unclaimed property items.

6. Standard Month-End Close Activities

• Execute all close-related tasks assigned according to the close calendar.
• Prepare module/system reconciliations and ensure system accuracy.
• Prepare ledger/system reconciliation and validate system postings.
• Prepare and submit standard corporate reports for pre-validation.
• Run and validate asset depreciation, including manual accelerated depreciation entries, and reconcile results (excluding CWIP).
• Generate monthly system financial reports.
• Provide close status updates and respond to management queries related to the closing process.

Property accounting JD :

1. Property Accounting & Inventory Management

• Manage property inventory and maintain accurate records for all materials and assets.
• Account for all material movements including receipts, returns, consumption, and losses.
• Perform inventory revaluation and ensure accurate stock valuation.
• Reconcile physical inventory [KO1] counts with book and financial records.
• Ensure correct application of tax and duty rates

2. Inventory Accounting

• Track and report materials variances,highlighting key trends and deviations to management.[KO4]
• Maintain comprehensive and audit-ready documentation.
• Support fixed asset, CWIP, and intangible asset accounting and reporting.
• Manage annual fixed asset verification process.
• Reconcile physical inventory counts with book and financial records.

3. Property Ticket Management

• Manage property-related tickets, including reclassifications.
• Coordinate with relevant teams for timely resolution and proper accounting of reclassifications.

4. Capital & Revenue Project Tracking

• Monitor project expenditures and compare spending against approved budgets.
• Prepare and deliver periodic project tracking reports.
• Close completed projects to the fixed asset ledger and P&L as required.

5. Ledger & Fixed Asset Management

• Classify and manage tangible and intangible assets.
• Reconcile asset-related balance sheet accounts regularly[KO5] .
• Maintain updated and accurate fixed asset master data.
• Manage all asset attributes including costs, locations, cost centers, categories, tax jurisdictions, and asset values for book, local GAAP, tax, and insurance purposes.
• Account for financial and operating leases in compliance with applicable accounting standards.
• Perform ERP updates required due to policy changes or tax law updates (post internal validation).

6. Asset Sale, Reclassification & Retirement

• Process accounting entries for asset sales, transfers, reclassifications, and retirements.
• Handle project closeout postings and ensure accurate reflection in the financial statements.

7. Accounting Journal Entries & Documentation

• Prepare, document, and review journal entries (JEs) in compliance with accounting policies.
• Prepare recurring and reversing journal entries.
• Run and validate asset depreciation, including manual accelerated depreciation entries, and reconcile results (excluding CWIP).
• Ensure accurate posting and timely processing of all JEs.