IFRS Recon

Skill: IFRS Recon

Location: Delhi NCR & Pune

Exp Range: 4 to 8 years

Job Description:

We are seeking a detail-oriented and analytical Bank & GL Reconciliation Analyst to support reconciliation processes for our Banking, Financial Services, and Insurance (BFSI) clients. The role is responsible for ensuring accuracy and completeness of reconciliations between bank accounts, sub-ledgers, and the general ledger. The analyst will investigate breaks, resolve mismatches, and ensure compliance with financial controls, audit requirements, and regulatory standards.

Key Responsibilities

• Bank Reconciliations

• Perform daily, weekly, and monthly reconciliations of bank accounts across multiple entities. • Identify and investigate discrepancies between bank statements and internal records. • Ensure timely clearance of outstanding items, unallocated receipts, and unmatched transactions. • Liaise with treasury and operations teams to resolve reconciling items.

• General Ledger (GL) Reconciliations

• Perform reconciliations of sub-ledgers (accounts payable, receivable, claims, investments, etc.) with the general ledger. • Ensure all entries are valid, authorized, and comply with accounting standards. • Post adjustments, accruals, or corrections to ensure accurate financial reporting. • Maintain proper documentation and evidence for all reconciliations.

• Controls & Compliance

• Ensure compliance with SOX/ICFR, internal policies, and regulatory requirements for reconciliation processes. • Maintain audit-ready documentation with clear evidence of review and approvals. • Support statutory, regulatory, and internal audits with reconciliation reports and explanations.

• Month-End Close & Reporting

• Support month-end closing by ensuring timely completion of all reconciliations. • Prepare reconciliation dashboards, exception reports, and aging of outstanding items. • Provide variance analysis and commentary to finance controllers and management.