Deputy Manager

Job Summary

The Intercompany Accountant is responsible for managing and reconciling intercompany transactions across group entities, ensuring timely month-end close, accurate financial reporting, and compliance with accounting policies. The role involves ownership of intercompany balances, Goods in Transit (GIT), Netting and Allocation Processes (NAP), Hold Accounts, AP/AR reconciliations, and GRIR analysis while collaborating with global stakeholders.

Intercompany Accounting

• Manage end-to-end intercompany accounting processes across multiple legal entities.
• Ensure timely recording, validation, and settlement of intercompany transactions.
• Prepare and post intercompany journal entries in compliance with accounting standards and company policies.
• Investigate and resolve intercompany mismatches and reconciliation differences.
• Coordinate with regional finance teams to clear aged outstanding balances.

Goods in Transit (GIT)

• Perform monthly review and reconciliation of Goods in Transit balances.
• Analyze aging items and collaborate with logistics, supply chain, and business teams for timely resolution.
• Ensure accurate recognition of inventory and corresponding intercompany entries.
• Monitor open transit transactions and support period-end reporting requirements.

NAP (Netting and Allocation Process)

• Execute intercompany netting activities and settlement processes.
• Validate netting positions and ensure proper allocation of balances between entities.
• Investigate exceptions and discrepancies in netting cycles.
• Support cash settlement and treasury teams during intercompany settlements.

Hold Account Management

• Review and reconcile hold/suspense accounts on a periodic basis.
• Analyze unidentified transactions and coordinate with stakeholders for proper classification.
• Ensure timely clearance of outstanding hold balances and maintain supporting documentation.
• Drive reduction of aged items through regular follow-up and escalation.

Accounts Payable & Accounts Receivable Reconciliation

• Perform monthly AP and AR intercompany reconciliations.
• Reconcile sub-ledger balances with general ledger accounts.
• Investigate and resolve invoice, payment, and booking discrepancies.
• Work with global counterparts to achieve intercompany balance alignment before close.
• Ensure compliance with account reconciliation policies and SOX/internal control requirements.

GRIR (Goods Receipt Invoice Receipt)

• Review and reconcile GRIR accounts on a monthly basis.
• Analyze aged GRIR items and coordinate with Procurement, Operations, and AP teams for resolution.
• Monitor unmatched goods receipts and invoices.
• Ensure accurate accruals and timely clearing of open GRIR balances.
• Support audit requests by providing detailed reconciliation and supporting documents.

Month-End Close Activities

• Support monthly, quarterly, and annual close processes.
• Prepare balance sheet reconciliations and review schedules.
• Ensure all reconciliations are completed within agreed timelines.
• Provide variance analysis and commentary on key balance sheet accounts.
• Support internal and external audits.

Required Qualifications

• Bachelor's degree in Commerce, Accounting, Finance, or related field.
• CA Inter, CMA, MBA Finance, ACCA, or equivalent qualification preferred.
• 3-8 years of experience in Intercompany Accounting, Record-to-Report (R2R), or General Ledger functions.
• Strong understanding of AP, AR, GIT, GRIR, and balance sheet reconciliations.
• Experience working in a shared services/BPO/Global Capability Center environment.

Required Qualifications

• Bachelor's degree in Accounting, Finance, Commerce, or related field.
• CA/CPA/ACCA/CMA qualification (completed or pursuing) preferred.
• 4-6 years of experience in Intercompany Accounting, Record-to-Report (R2R), or General Ledger accounting.
• Strong understanding of intercompany accounting principles and financial reporting processes.
• Experience with ERP systems such as SAP, Oracle, or similar platforms.
• Advanced proficiency in Microsoft Excel.

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€40 billion global revenue
+9% organic growth
150 000+ employees in 100+ countries

You must submit an online application to be considered for any position with us. This position will be posted until filled.

Schneider Electric aspires to be the most inclusive and caring company in the world, by providing equitable opportunities to everyone, everywhere, and ensuring all employees feel uniquely valued and safe to contribute their best. We mirror the diversity of the communities in which we operate, and 'inclusion' is one of our core values. We believe our differences make us stronger as a company and as individuals and we are committed to championing inclusivity in everything we do.

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Responsibilities

Job Summary

The Intercompany Accountant is responsible for managing and reconciling intercompany transactions across group entities, ensuring timely month-end close, accurate financial reporting, and compliance with accounting policies. The role involves ownership of intercompany balances, Goods in Transit (GIT), Netting and Allocation Processes (NAP), Hold Accounts, AP/AR reconciliations, and GRIR analysis while collaborating with global stakeholders.

Intercompany Accounting

• Manage end-to-end intercompany accounting processes across multiple legal entities.
• Ensure timely recording, validation, and settlement of intercompany transactions.
• Prepare and post intercompany journal entries in compliance with accounting standards and company policies.
• Investigate and resolve intercompany mismatches and reconciliation differences.
• Coordinate with regional finance teams to clear aged outstanding balances.

Goods in Transit (GIT)

• Perform monthly review and reconciliation of Goods in Transit balances.
• Analyze aging items and collaborate with logistics, supply chain, and business teams for timely resolution.
• Ensure accurate recognition of inventory and corresponding intercompany entries.
• Monitor open transit transactions and support period-end reporting requirements.

NAP (Netting and Allocation Process)

• Execute intercompany netting activities and settlement processes.
• Validate netting positions and ensure proper allocation of balances between entities.
• Investigate exceptions and discrepancies in netting cycles.
• Support cash settlement and treasury teams during intercompany settlements.

Hold Account Management

• Review and reconcile hold/suspense accounts on a periodic basis.
• Analyze unidentified transactions and coordinate with stakeholders for proper classification.
• Ensure timely clearance of outstanding hold balances and maintain supporting documentation.
• Drive reduction of aged items through regular follow-up and escalation.

Accounts Payable & Accounts Receivable Reconciliation

• Perform monthly AP and AR intercompany reconciliations.
• Reconcile sub-ledger balances with general ledger accounts.
• Investigate and resolve invoice, payment, and booking discrepancies.
• Work with global counterparts to achieve intercompany balance alignment before close.
• Ensure compliance with account reconciliation policies and SOX/internal control requirements.

GRIR (Goods Receipt Invoice Receipt)

• Review and reconcile GRIR accounts on a monthly basis.
• Analyze aged GRIR items and coordinate with Procurement, Operations, and AP teams for resolution.
• Monitor unmatched goods receipts and invoices.
• Ensure accurate accruals and timely clearing of open GRIR balances.
• Support audit requests by providing detailed reconciliation and supporting documents.

Month-End Close Activities

• Support monthly, quarterly, and annual close processes.
• Prepare balance sheet reconciliations and review schedules.
• Ensure all reconciliations are completed within agreed timelines.
• Provide variance analysis and commentary on key balance sheet accounts.
• Support internal and external audits.

Required Qualifications

• Bachelor's degree in Commerce, Accounting, Finance, or related field.
• CA Inter, CMA, MBA Finance, ACCA, or equivalent qualification preferred.
• 3-8 years of experience in Intercompany Accounting, Record-to-Report (R2R), or General Ledger functions.
• Strong understanding of AP, AR, GIT, GRIR, and balance sheet reconciliations.
• Experience working in a shared services/BPO/Global Capability Center environment.