IC Process Associate (Pune, India)
Life Unlimited At Smith+Nephew. We design and Manufacture technology that takes the limits off living.
The position will play a key role in monthend close and reporting activities, ensuring compliance with Group Finance policies, SOX controls, and agreed servicelevel agreements (SLAs). The role requires strong analytical capability to perform deepdive analysis, identify root causes of process issues, and support continuous improvement initiatives, particularly in a complex, multiERP environment.
What will you be doing
- Manage endtoend Intercompany OrdertoCash (OTC) activities, including intercompany invoicing, debit/credit notes, and settlement of balances.
- Prepare and post journal entries for intercompany charges, recharges, accruals, reclassifications, and adjustment entries as required.
- Perform regular intercompany Accounts Receivable reconciliations, investigate variances, and drive timely resolution with counterparties.
- Prepare balance sheet reconciliations, analyze aged intercompany receivables, and follow up with structured action plans to ensure timely clearance, supporting working papers and documentation for monthend and reporting requirements.
- Support monthend close activities, ensuring intercompany subledgers are closed accurately and within agreed SLAs.
- Respond to routine and adhoc queries from management, auditors, and internal operational teams.
- Ensure all transactions are processed and documented in compliance with Group Finance policies, MAPs, and SOX control requirements.
- Support HFM and consolidation reporting by submitting accurate and timely intercompany balances prior to book close.
- Collaborate with crossfunctional teams including RTR, AP, Tax, Treasury, and Regional Finance to resolve issues and enhance process efficiency.
- Maintain and update Standard Operating Procedures (SOPs), knowledge repositories, and process documentation.
- Actively contribute to process improvement, standardization, and automation initiatives within the Intercompany OTC function.
What will you need to be Successful
- Bachelor's degree in Commerce / Accounting / Finance
- 26 years of relevant experience in Intercompany Finance, OrdertoCash (OTC), Accounts Receivable (AR),
- Handson experience in Intercompany accounting, reconciliations, and monthend close activities; exposure to GRIR is a plus.
- Experience working in a GBS / Shared Services environment is preferred.
- Prior experience with monthend reporting, control frameworks, and financial close processes.
- Exposure to ERP systems such as SAP, AX, or equivalent platforms; experience with HFM or consolidation tools is an added advantage.
- Strong understanding of endtoend Intercompany OTC, AR, GL postings, reconciliation processes, SOX controls, compliance requirements, and Group Finance policies.
- Strong problemsolving skills with the ability to manage ambiguity and resolve operational challenges.
- Ability to work independently in a global, deadlinedriven environment while managing multiple priorities.
- Excellent English communication skills, both written and verbal.
- Strong interpersonal skills with a proactive and ownershipdriven mindset.
- Flexibility to support monthend close schedules and work across different shifts as required.
- Demonstrates initiative in process improvement, standardization, and automation initiatives, high attention to detail with a strong focus on accuracy
- Exhibits a strong sense of ownership with proactive followup on deliverables.
- Communicates effectively and collaborates well with crossfunctional teams and adopts a continuous improvement mindset with a customerfocused approach
- Should be flexible to work in any shift.
You. Unlimited.
We believe in crafting the greatest good for society. Our strongest investments are in our people and patients we serve.
Inclusion, Diversity and Equity committed to welcoming, celebration and growing on Diversity. Learn more about it on our website: https://www.smith-nephew.com/ .
Other reasons why you will love it here!
- Your future: Major medical coverage + Policy exclusions and Insurance non-medical limit.
- Education assistance.
- Work / Life balance: Flexible Personal / Vacation time off, Privilege leave, Floater leave etc.
- Your Wellbeing: Parents / Parents in law's insurance coverage also available.
- Flexibility: Hybrid work model (for most professional roles).
- Extra Perks: Free Cab Transport facility for all employees, one time meal provided to all employees as per shifts. Night Shift Allowances.
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