Skill required: Record To Report - Account Reconciliations
Designation: Record to Report Ops Analyst
Qualifications:BCom
Years of Experience:3 to 5 years
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song— all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Our 784,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com
What would you do You will be aligned with our Finance Operations vertical and will be helping us in determining financial outcomes by collecting operational data/reports, whilst conducting analysis and reconciling transactions. Record to Report (R2R) is a finance and accounting process that involves collecting, processing, and delivering accurate financial data. This includes recording transactions, reconciling accounts, and preparing financial statements. The goal is to provide a clear and accurate picture of a companys financial performance. Effective R2R processes ensure compliance with accounting standards and support informed decision-making. It is essential for financial transparency and accountability. keyword includes:-(Fixed asset,Amortization,Depreciation,Accruals,Finacial Consolidation,Account recon/ bank,Treasury,Finanacial reporting standard'financial analysis,SOX) A type of general ledger account which contains a summary of sub-ledger accounts. Because the reconciliation account only provides a summary, no transactions are directly posted to the account.
What are we looking for General Ledgers Accounting:
- Journal Entries: Ability to prepare, post, and analyze journal entries.
- Month-End Close Process: Experience in performing monthly close tasks (e.g., fixed asset, prepaids, accruals, intercompany accounts).
- Reconciliations: Proficiency in balancing accounts, specifically bank reconciliations and balance sheet reconciliations.
- Financial Reporting: Understanding the preparation of the income statement, balance sheet, and cash flow statement.
- Double-Double-Entry Bookkeeping: Solid understanding of how to record financial transactions, including debiting and crediting appropriate accounts.
- GAAP/IFRS Knowledge: Working knowledge of Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) to ensure compliance.
- Accrual Accounting: Understanding cash vs. accrual accounting methods, as well as posting accruals (revenues/expenses).
- Chart of Accounts: Familiarity with account classification (Assets, Liabilities, Equity, Revenue, Expenses To maintain the integrity of financial records by recording, classifying, and summarizing financial transactions to produce accurate, timely financial statements. They ensure compliance with GAAP or IFRS, manage the month-end close process, reconcile accounts, and support audit requirements Roles and Responsibilities:
- Flexible to work in shifts
- Sound Knowledge of ERP tools ( SAP is an added advantage ) and Reconciliation tools ( Blackline is an added advantage ).
- Excellent communication skills, verbal and written
- Strong interpersonal and problem-solving abilities.
- Customer-oriented mindset with empathy and patience.
- Proficiency in MS Office (Excel, Outlook, Word).
- Ability to multitask and manage time efficiently.
- Analytical thinking and attention to detail. Archiving, Records Retention and Audit Support
- Manage records retention in accordance with policies and practices
- Provides internal and external audit support as requested Training, teaming and collaboration
- Regularly identify the training needs of the team members, work with the TL and ensure that the required training is provided in a timely manner.
- Additionally, ensure that the changes in the process are documented and all members are provided training on such changes
- Work closely with all members and TL to ensure that all compliances are met. Develop and follow the tracking mechanism to ensure compliances
