OverviewFinancial Reporting & audit of Intercompany, crosscharges & Employee related costs for India & Bangladesh
Responsibilities- Accountabilities are statements of the important end results which the job must achieve. These statements should relate to an end result or objective which must be accomplished and against which some measurement of performance can be applied.
- Lead Intercompany activities - cross charges, reconciliations, payments, remittances and rejections. Ensure accuracy and compliance across all transactions.
- Lead the submissions made to the sector team for related party transactions..
- Collaborate with multiple stakeholders, including the IBM support team, sector reporting team, auditors, senior management, and foreign intercompany entities.
- Lead the automation and continuous improvement of intercompany processes to enhance efficiency and accuracy.
- Lead the preparation and management of the audit for related party transaction disclosures & employee related costs in financial statements.
- Conduct monthly reviews of Blackline schedules to ensure accuracy and consistency.
- Ensure compliance with Ind AS, IFC and statutory requirements.
- Resolve for complex reconciliation issues
- Maintain balance sheet for ERC related accounts
- Ensure correct provisioning for ERC month-on-month
- Provide correct cause of change versus AOP to the Planning team.
- Ensuring accurate employee related cost accounting, ensuring accruals, including timely posting of payroll costs.
- Conduct monthly reconciliations between payroll registers and general ledger accounts identifying, investigating, and resolving discrepancies promptly to ensure balance integrity and compliance.
- Leading the monthly preparation of the Employee Related Costs report, delivering detailed analyses of employee expenses including salaries, benefits, and statutory contributions & identifying and explaining key variances.
- Oversee black line reconciliation of employee related expenses and liabilities perform variance analysis, align with GL postings, and manage reviewer sign-offs to certify accuracy.
- Lead vendor invoice reconciliation and clearance, tracking discrepancies, coordinating approvals, and clearing invoices to maintain strong vendor relations.
- Ensuring closure of all the payroll audits as per timelines and plugging the gaps based on the observations.
- Oversee accurate booking of annual bonuses and conduct year-end true-up adjustments to reconcile estimated and actual expenses and managing employee provisioning for cross-charges.
- Overseeing timely statutory filings & compliances and accurate consolidation in financial ledgers.
- Prepare and deliver comprehensive monthly and quarterly payroll finance reports tailored to the specific needs of different departmental POCs, facilitating informed decision-making and planning.
Qualifications- Chartered Accountant,
- 4-6 years experience
