Accounting Consultant I

Allstate; Bengaluru; On-site; INR 600,000 - 900,000; Full time

Job summary

Allstate India seeks a detail-oriented Accounting Consultant to join our finance team in Bengaluru. You will handle accounting transactions, AP processes, reconciliations, and support audits while collaborating with internal stakeholders and external vendors.

The role requires strong fundamentals in accounting, experience with multi-currency and ERP systems, and the ability to deliver accurate financial records on time in a fast-paced shared services environment.

Qualifications

• Bachelor's degree in Accounting, Finance, Commerce, or a related field.
• 2-5 years of relevant experience in Accounting and Finance operations.
• Strong understanding of accounting principles and financial processes.
• Hands-on experience in Accounts Payable functions.
• Excellent analytical and problem-solving skills.
• Strong verbal and written communication skills with customers and stakeholders.
• Bookkeeping experience.

Responsibilities

• Process and record accounting transactions accurately and timely.
• Prepare and maintain journal entries, reconciliations, and financial records.
• Manage Accounts Payable activities, including invoice processing and vendor payments.
• Ensure compliance with accounting policies, procedures, and financial controls.
• Support month-end and year-end closing activities.
• Investigate and resolve accounting discrepancies and queries.
• Collaborate with internal teams and external customers regarding accounting-related matters.
• Maintain accurate documentation and records for audit purposes.
• Assist with reviewing claim and inventory data files with inputs from third party vendors to prepare payment amounts and initiate the payment process.
• Assist with preparation balance sheet reconciliations of inventory, claims paid and other insurance recoveries.
• Monthly reconciliations to supplier statements.
• Provide support for additional ad-hoc accounting duties to help the Finance team workload.
• Documentation, implementation and monitoring of accounting treatments and financial controls.

Skills

Accounting Fundamentals

Accounts Payable

Financial Reconciliations

Excel

Attention to Detail

Communication

Multi-currency

Education

Bachelor's degree in Accounting/Finance/Commerce

Tools

SAP

GRID or ERP software

SAP S/4HANA

Job description

At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers' evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

Job Description

We are seeking a detail-oriented and knowledgeable Accounting Consultant to join our team. The ideal candidate will possess strong accounting fundamentals, hands-on experience in financial transactions and account payable processes, and the ability to communicate effectively with internal and external stakeholders.

Key Responsibilities

• Process and record accounting transactions accurately and timely.
• Prepare and maintain journal entries, reconciliations, and financial records.
• Manage Accounts Payable activities, including invoice processing and vendor payments.
• Ensure compliance with accounting policies, procedures, and financial controls.
• Support month-end and year-end closing activities.
• Investigate and resolve accounting discrepancies and queries.
• Collaborate with internal teams and external customers regarding accounting-related matters.
• Maintain accurate documentation and records for audit purposes.
• Assisting with reviewing claim and inventory data files with inputs from third party vendors to prepare payment amounts and initiate the payment process.
• Assisting with preparation balance sheet reconciliations of inventory, claims paid and other insurance recoveries.
• Monthly reconciliations to supplier statements.
• Provide support for additional ad-hoc accounting duties to help the Finance team workload.
• Documentation, implementation and monitoring of accounting treatments and financial controls.

Required Qualifications

• Bachelor's degree in Accounting, Finance, Commerce, or a related field.
• 2-5 years of relevant experience in Accounting and Finance operations.
• Strong understanding of accounting principles, accounting entries, and financial processes.
• Hands-on experience in Accounts Payable functions.
• Excellent analytical and problem-solving skills.
• Strong verbal and written communication skills with the ability to interact confidently with customers and stakeholders.
• Bookkeeping experience.
• Experience of working with multi currencies, multiple suppliers and people across a complex business desirable.
• SAP, GRID or relevant ERP software experience desirable.

Preferred Qualifications

• Experience working with SAP S/4HANA is highly desirable/advantage.
• Exposure to ERP systems and financial reporting tools.
• Experience in a shared services or global business environment is an added advantage.

Key Skills

• Accounting Fundamentals
• Journal Entries
• Accounts Payable
• Financial Reconciliations
• SAP S/4HANA (Preferred)
• Customer/Stakeholder Communication
• Attention to Detail
• Problem Solving
• Attention to detail
• Accurate data entry skills
• Proficient in Excel
• Self-motivated
• Quick to learn
• Efficient
• Able to work under pressure and in a fast-moving environment

Primary Skills

• Accounting, Corporate Accounting, Financial Accounting, Financial Analysis, Preparation of Financial Reports

Shift Time

Shift B (India)

About Allstate

Joining our team isn't just a job - it's an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger - a winning team making a meaningful impact.

The Allstate Corporation is one of the largest publicly held insurance providers in the United States. Ranked No. 84 in the 2023 Fortune 500 list of the largest United States corporations by total revenue, The Allstate Corporation owns and operates 18 companies in the United States, Canada, Northern Ireland, and India. Allstate India Private Limited, also known as Allstate India, is a subsidiary of The Allstate Corporation. The India talent center was set up in 2012 and operates under the corporation's Good Hands promise. As it innovates operations and technology, Allstate India has evolved beyond its technology functions to be the critical strategic business services arm of the corporation. With offices in Bengaluru and Pune, the company offers expertise to the parent organization's business areas including technology and innovation, accounting and imaging services, policy administration, transformation solution design and support services, transformation of property liability service design, global operations and integration, and training and transition.

Learn more about Allstate India here .