Skill required:
Record To Report - Financial Consolidation & Close Operations
Designation:
Record to Report Ops Senior Analyst
Qualifications:
MCom/Master of Business Administration/Master of Financial Management
Years of Experience:
5 to 8 years
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song— all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 699,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com
What would you do?
JOB TITLE: Analyst (SME), Associate & New Associate Group: Industry Specific BPO LEVEL: CL10 Business Unit/Deal: F & A/ Record to Report –Controlling & Operations Work Location: Jaipur/Work from Office Objectives of Role To be responsible for the knowledge transfer in the areas of Systems, applications and activities that follow Reports and control process. Responsible for documentation and changes thereof. Ensure that the necessary guidelines are complied with and necessary documents are maintained as applicable for all day-to-day processes. Play a key role in the team, being the link between the team and TL and ensure that adequate process knowledge is developed and be the first point of contact for all members. Act as a back for the TL You will be aligned with our Finance Operations vertical and will be helping us in determining financial outcomes by collecting operational data/reports, whilst conducting analysis and reconciling transactions. The Record to Report team helps clients and organizations in their operational efficiency and balance sheet integrity, cuts time to close and safeguards compliance with regulatory requirements. The areas where this team s expertise lies is in posting journal entries, preparing balance sheet reconciliations, reviewing entries and reconciliations, preparing cash forecasting statement, supporting month end closing, preparing reports and supports in audits. The Account Reconciliation team focuses on general ledger accounting which contains a summary of sub-ledger accounts. The role requires a good understanding of P&L accounts, bookkeeping, journal entries, vouch voucher entry, trial balance, and month-end reporting. The role may also need expertise around intercompany reconciliations, cut-off policies, transfer pricing policies, formal confirmation policy & procedure, dispute resolution policy & procedure, and general procedure. The Financial Consolidation & Close Operations team is responsible for general ledger processes including year-end closing, journalizing, etc. They help create & maintain ledgers, currencies, budgets, & journal entries, deliver solutions including a flexible accounting structure, comprehensive journal processing, hierarchical summaries, intuitive inquiry & reporting, dynamic allocations & the management of commitments & expenditures, run interface reports & perform close books of accounts. The team reviews P&L accounts errors, omissions, or inconsistencies and managing the preparation of all reports.
What are we looking for?
Requirements
- For CL10: 5-8 years of experience
- Proficiency in MS Office (Excel, Outlook, Word), CRM platforms and Power BI reporting.
- Ability to multitask and manage time efficiently and analytical thinking and attention to detail.
- Master’s degree in Commerce, Finance, Accounting.
- Flexible to work in shifts
- Knowledge of SAP, COGNOS, WEXLOG is an added advantage
- Excellent communication skills, verbal and written
- Excellent attention to detail, numerical accuracy, excellent communication, organizational, and time management skills Archiving, Records Retention and Audit Support
- Manage records retention in accordance with policies and practices
- Provides internal and external audit support as requested Training, teaming and collaboration
- Regularly identify the training needs of the team members, work with the TL and ensure that the required training is provided in a timely manner.
- Additionally, ensure that the changes in the process are documented and all members are provided training on such changes
- Work closely with all members and TL to ensure that all compliances are met. Develop and follow the tracking mechanism to ensure compliances Serial No Functional Competency Required Prof. Level (as per JD) 1 Qualification Commerce Graduate 2 Accounting knowledge Level 4 3 MS Office Level 4 Serial No Professional Competency Required Prof. Level 1 Analytical Thinking Level 4 2 Communication & Presentation Skills Level 4 3 Decision Making Skills Level 4 4 Focus on Goals / Result Orientation Level 5 Proficiency Level Definition Level 1 Exhibits basic competency indicators occasionally. Level 2 Exhibits basic competency indicators consistently and effectively. Level 3 Exhibits competency indicators of medium complexity occasionally. Level 4 Exhibits competency indicators of medium complexity consistently and effectively. Level 5 Exhibits advanced competency indicators occasionally. Level 6 Exhibits advanced competency indicators consistently and effectively. They also work on posting journal entries, preparing balance sheet reconciliations, investigating and reporting open items, reviewing entries and reconciliations, supporting month-end closing, preparing various reports as required, and supporting audits. The team also oversees improvement projects, including automation, simplifications, and enhanced controls. Roles and Responsibilities:
- Process Management: Manage the end-to-end R2R cycle, including data collection, recording of financial transactions (journal entries), general ledger maintenance, and financial consolidation.
- Financial Close and Reporting: Lead the monthly, quarterly, and annual financial close activities to ensure timely and accurate reporting. This includes preparing and reviewing financial statements such as the balance sheet, profit and loss account, and cash flow statements for internal and external stakeholders.
- Reconciliation and Analysis: Oversee and perform balance sheet and intercompany reconciliations, account analysis, and variance analysis. This involves investigating and correcting discrepancies to maintain data integrity.
- Compliance and Controls: Ensure adherence to internal controls and accounting standards, such as GAAP and IFRS. The Team Lead is often responsible for managing Sarbanes-Oxley (SOX) compliance and maintaining robust internal control frameworks.
- Auditing and Documentation: Coordinate with internal and external auditors, providing necessary documentation and explanations of accounting practices to ensure a smooth audit process.
- Team Leadership and Development: Supervise, mentor, and develop the R2R team members, providing guidance, coaching, and training. This includes managing performance, setting goals, and fostering a positive and collaborative work environment.
- Process Improvement: Proactively identify and implement process improvements, standardizations, and automation initiatives to enhance the efficiency and effectiveness of the R2R function.
- Stakeholder Communication: Serve as a primary point of contact for various stakeholders (e.g., country finance teams, tax department, management), providing financial insights and support for decision-making processes.
- Act as a back up to the TL, MCom,Master of Business Administration,Master of Financial Management
