Accountant R2R

Gruppo SKF; Pune District; On-site; INR 600,000 - 900,000; Full time

Job summary

SKF India is seeking a skilled R2R Intercompany Reconciliation Analyst to ensure accurate intercompany reconciliations and maintain the integrity of the General Ledger. The role involves coordinating with finance, O2C, P2P, Treasury, and business teams to resolve discrepancies and ensure timely close.

You will support month-end, quarter-end, and year-end close activities, prepare reconciliation reports, and assist audits while driving process improvements, SOPs, and automation opportunities to

Qualifications

• CA/CA- inter., MBA, CMA – Inter. with accounting experience in RTR/Intercompany
• Strong intercompany reconciliation and GL processing knowledge
• Proficient in MS Excel and SAP knowledge a plus

Responsibilities

• Reconcile intercompany balances and transactions across entities.
• Maintain ICP and GL accounts, ensure accurate recording of all postings.
• Document reconciliations, schedules, and reports; support month-end and year-end closing.

Skills

Intercompany Reconciliation

General Ledger

Excel

Stakeholder Management

Process Improvement

Education

CA/CA- Inter., MBA, CMA – Inter.

Tools

SAP

MS Excel

Job description

Location: Pune, IN

About SKF

SKF started its operations in India in 1923. Today, SKF provides industry leading automotive and industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence.

SKF's solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability. With a strong commitment to research-based innovation, SKF India offers customized value-added solutions that integrate all its five technology platforms.

Together, we re-imagine rotation for a better tomorrow.

By creating intelligent and clean solutions for people and the planet

JOB DESCRIPTION

Reports to: Sr. Accountant R2R

Purpose of the role:

The R2R Intercompany (ICP) Reconciliation Analyst is responsible for ensuring accurate and timely reconciliation of intercompany transactions and balances across group entities. The role involves maintaining the integrity of General Ledger accounts, identifying and resolving reconciliation differences, supporting month-end and year-end close activities, ensuring compliance with accounting standards, and collaborating with multiple stakeholders across Finance, O2C, P2P, Treasury, and Business teams.

Key Responsibilities

• Intercompany Reconciliation & General Ledger Management
• Perform timely and accurate reconciliation of intercompany balances and transactions across legal entities.
• Monitor and maintain Intercompany (ICP) and General Ledger accounts, ensuring all transactions are recorded accurately and completely.
• Investigate and resolve reconciliation differences, mismatches, aging items, and out-of-balance conditions within agreed timelines.
• Ensure proper documentation of reconciliations, supporting schedules, and exception reporting.
• Support month-end, quarter-end, and year-end closing activities related to intercompany accounting.
• Reconciliation and Issue Resolution
• Complete periodic reconciliations of assigned balance sheet and P&L accounts in compliance with company policies.
• Identify root causes of reconciling items and coordinate with relevant stakeholders for timely closure.
• Track open items, monitor aging, and drive resolution through regular follow-ups with counterparties and business teams.
• Prepare reconciliation reports and provide status updates to management.

Compliance and Financial Controls

• Ensure compliance with accounting standards, internal control requirements, company policies, and statutory regulations.
• Maintain adequate audit trails and supporting documentation for all reconciliation activities.
• Support control testing and remediation activities related to Intercompany processes.

Audit Support

• Provide reconciliation reports, supporting schedules, transaction details, and explanations to internal and external auditors.
• Assist during statutory audits, internal audits, and corporate reviews.
• Address audit queries accurately and within agreed timelines.

Stakeholder Management and Cross-Functional Collaboration

• Liaise with business stakeholders, finance controllers, and shared service teams to resolve intercompany discrepancies.
• Collaborate closely with O2C, P2P, Treasury, Tax, and accounting teams to resolve transaction and posting issues impacting GL and ICP accounts.
• Support management with timely financial information and analysis for decision-making.
• Participate in regular governance meetings and reconciliation review calls with global counterparts.

Process Improvement and Continuous Excellence

• Identify opportunities to enhance reconciliation efficiency, standardization, automation, and control effectiveness.
• Drive reduction of aged reconciling items and recurring exceptions through process improvements.
• Support implementation of process optimization initiatives, system enhancements, and automation solutions.
• Contribute to the development of standard operating procedures (SOPs), process documentation, and knowledge-sharing initiatives.

Academic & Work Profile:

• CA/CA- Inter., MBA, CMA – Inter. 3 – 8 yrs. exp. in accounting
• Strong in Accounting and intercompany Reconciliation process
• Relevant Experience/ Knowledge in reputed Captive/Outsourcing RTR Ops.
• Ms Excel Knowledge.
• Preferred someone with exposure of SAP for 1+ years
• Quality Lean/Process Improvement knowledge

Interested candidate/s can share their resume to [e-mail]