Balance Sheet Remediation

Key Responsibilities

• Reconciliation Oversight & Review
  
  

Perform detailed review of balance sheet reconciliations (including GL, sub-ledger, and source system reconciliations) to ensure accuracy and completeness.

Validate supporting documentation, ageing, open items, and justification of balances.

Ensure all reconciliations are completed in line with defined timelines (monthly/quarterly/year-end).

Review high-risk and complex reconciliations, including intercompany, suspense, and clearing accounts.

• Team Leadership & Management
  
  

Manage and mentor a team of reconciliation preparers and reviewers across multiple finance towers.

Allocate workload and ensure optimal resource utilization and adherence to SLAs.

Conduct periodic performance reviews, provide feedback, and identify training needs.

Act as the first point of escalation for reconciliation-related issues.

• Controls & Compliance
  
  

Ensure compliance with internal control frameworks (e.g., SOX, ICFR) and audit requirements.

Maintain proper documentation and audit trails for all reconciliations.

Support internal and external audits by providing required reconciliations, documentation, and explanations.

Identify control gaps and implement remediation actions.

• Exception Management & Resolution
  
  

Analyze aged/open items and ensure timely resolution through coordination with cross-functional teams (R2R, P2P, O2C, Treasury, etc.).

Drive root cause analysis for recurring issues and implement corrective/preventive actions.

Monitor and track reconciliation breaks, ensuring closure within agreed timelines.

• Process Improvement & Automation
  
  

Lead initiatives for standardization and automation of reconciliation processes (e.g., BlackLine, ARCS, Trintech, or similar tools).

Identify opportunities to improve efficiency, reduce manual effort, and enhance data accuracy.

Drive best practices across teams and ensure consistent adherence to templates and guidelines.

• Stakeholder Management
  
  

Collaborate with onshore/client stakeholders to provide updates on reconciliation status, risks, and issues.

Prepare and present MIS, dashboards, and management reports on reconciliation health.

Communicate effectively with auditors, controllers, and senior leadership.

• MI Reporting & Governance
  
  

Track And Report Key KPIs Such As

Reconciliation completion rate

Ageing of open items

Unreconciled balances

SLA adherence

Conduct governance calls and present insights to leadership.

Key Skills & Competencies

Strong understanding of Reconciliation, GL Accounting, and R2R processes

Expertise in Balance Sheet substantiation and controls

Experience with reconciliation tools (BlackLine, ARCS, Cadency, etc.)

Strong analytical and problem-solving skills

Leadership and team management capability

Excellent stakeholder communication and presentation skills

Knowledge of SOX / Internal Controls / Audit framework