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.
Key Responsibilities 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.
- 4-6 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.
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€40 billion global revenue
+9% organic growth
150 000+ employees in 100+ countries
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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.
Key Responsibilities 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.
