Consultant - (RTR)

ScaleneWorks; Bengaluru; On-site; INR 600,000 - 1,200,000; Full time

Job summary

ScaleneWorks in Bengaluru seeks an experienced finance professional to support Record to Report processes in a shared services environment. You will coordinate month-end, quarter-end, and year-end closings, ensure accurate reconciliations, and prepare SAP journal entries with robust documentation and controls.

The role requires IFRS/Ind AS knowledge, intercompany accounting experience, and the ability to work with cross-functional teams across markets to maintain consolidated reporting accuracy

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• CA Inter or CMA is desirable.
• 2–5 years in RTR, bank reconciliation, intercompany accounting, consolidation.
• Experience with IFRS/Ind AS.
• Experience in a financial shared services environment is preferred.

Responsibilities

• Coordinate month-end, quarter-end, and year-end closings and ensure accuracy of entries.
• Reconcile accounts, investigate discrepancies, and post adjustments.
• Prepare and post SAP journal entries with proper documentation.
• Review ledger balances and prepare audit schedules for financial statements.
• Record intercompany transactions and perform intercompany reconciliations.
• Capitalize CWIP and manage depreciation, asset disposals per policy.
• Prepare bank reconciliations and maintain GL hygiene.
• Support internal and external audits and ensure timely closure.

Skills

Financial closing

Intercompany accounting

Ledger review

Audit support

Analytical skills

Education

Bachelor's degree in Accounting/Finance

CA Inter / CMA desirable

Tools

SAP S/4HANA

Excel

Tableau/Power BI/QlikSense/Alteryx

Job description

Key Responsibilities

• 1. Financial closing
• Collaborate with various user departments (such as Business FInance, Sales, Marketing, Procurement, Admin, etc.) to gather financial data and ensure the accuracy and completeness of entries during preparation for month-end, quarter-end, and year-end close to support year-end close.
• Provide support in terms of reconciliations of accounts, investigate discrepancies, & ensure appropriate adjustments are made.
• Prepare and post journal entries in SAP after ensuring sufficient and appropriate supporting documentation.
• Assist in the review of ledger balances and preparation of audit schedules to support balances reflecting in financial statements, to ensure compliance with accounting standards and company policies. Ensure necessary actions are taken against aged / non-moving items per the schedule.
• Work closely with local finance teams to gather necessary data and explanations and ensure consistent accounting and reporting, providing support during adjustments, and reconciliations.
• Preparation of daily/weekly Bank Reconciliations, ensuring the balances as per statement match those as per Bank Confirmation and ensuring no aged items in the reconciliations
• Ensuring all aged GRIR balances are cleared and necessary follow-ups with business users to maintain GL hygiene
• 4. Fixed asset accounting
• Ensure the creation of internal orders and the assignment of AUC in accordance with the CER requests that have been approved
• Review the Capital Work in Progress (CWIP) balances regularly and ensure timely and accurate capitalization of projects that have reached their completion or are due for capitalization
• Ensuring timely depreciation runs to maintain accurate financial records
• Manage and respond to requests related to the disposal, impairment, or write-off of fixed assets in accordance with organizational policies and Ind AS
• Develop and present a reconciliation schedule that is consistent with the trial balance to ensure accuracy and completeness of financial reporting
• 3. Intercompany accounting
• Perform accurate and timely recording of intercompany transactions, ensuring adherence to accounting principles and company policies.
• Review and process intercompany invoices, receipts & payments while maintaining proper documentation.
• Perform regular reconciliations of intercompany accounts and identify & resolve discrepancies promptly.
• Prepare and present intercompany account reconciliations for review and approval.
• Investigate and resolve intercompany-related issues, addressing inquiries from stakeholders across markets.
• Implement corrective actions to prevent future discrepancies and errors.
• Collaborate with various departments and entities within the organization to ensure proper intercompany transactional flows.
• Continuously assess and enhance intercompany accounting process activities to streamline operations and increase accuracy.
• Ensure month-end balances are correctly eliminated while consolidation
• 4. Compliance and reporting
• Ensure compliance with corporate accounting policies & procedures, international accounting standards and transfer pricing policies & regulations.
• Ensure adequate controls and approvals are in place at all times.
• Assist in the preparation of local and consolidated financial statements and reports for management, board meetings, and external stakeholders.
• Contribute to the development and enhancement of financial reporting processes and systems to improve efficiency and accuracy.
• 5. Process improvement
• Identify opportunities for RTR process optimization, automation, and standardization within the financial accounting and close processes.
• Collaborate with cross-functional and operation excellence teams to implement improvements and enhance overall efficiency.
• 6. Audit support
• Assist with internal and external audit requests, providing necessary documentation & information to ensure a smooth audit process within the timelines.
• Support in timely audit closure by assisting in query resolution.
• Address audit findings and implement corrective actions as needed.

Key Skills

Technical Skills

• Proficiency in using SAP S/4HANA mandatory. Familiarity with other SAP modules (ICMR, FCC & Accrual engine) and BPM Solution will be a plus.
• Excellent command of Microsoft Excel, including pivot tables, complex formulas, and data manipulation techniques to facilitate financial analysis and reporting.
• Familiarity with financial consolidation tools and software to manage intercompany transactions, eliminations, and reporting across entities.
• Strong understanding of financial reporting frameworks and ability to apply relevant accounting standards (Ind AS) to complex transactions.
• In-depth knowledge of accounting standards (IFRS, Ind AS) and financial reporting requirements.
• Strong knowledge of accounting practices, legalities and compliances pertaining to direct and indirect tax regulations in India. Knowledge of local tax regulations for Bangladesh, Sri Lanka, Indonesia & Africa would be an added advantage.
• Familiarity with reporting tools such as Tableau, Power BI, QlikSense, Alteryx or other data visualization platforms to create clear and informative reports for stakeholders.
• Familiarity with data integration and automation tools that could enhance the efficiency of the financial closing processes.

Soft Skills

• Candidate should be well versed in English. Proficiency in Bahasa/Portuguese/Spanish will be a plus.
• Strong attention to detail, accuracy, and commitment to data integrity.
• Excellent analytical and problem-solving skills to identify issues and propose solutions.
• Effective communication skills to interact with various stakeholders, including finance teams, auditors, and management.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Team player with the capability to collaborate across departments, geographies, and cultures. Proactive attitude towards process improvement and the ability to drive change.

Education

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field is required.
• A professional qualification such as CA Inter or CMA is highly desirable and will be considered a plus.

Experience

• 2 to 5 years of experience in Record to Report, Bank Reconciliation, intercompany accounting, controlling & consolidation or a similar role within a finance or accounting function is required.
• Experience working in a financial shared services environment is preferred but not mandatory.
• Prior exposure to working with international financial reporting standards (IFRS) and Indian Accounting Standard (Ind AS) is essential.
• Proven track record of successfully managing and coordinating the financial close process for complex organizations will be advantageous.

Who will you partner with?

• Your manager
• You will report to DGM - Record-to-Report (RTR).
• Your team
• You will have the opportunity to work with and learn from the colleagues of other finance processes in the Shared Service Center.
• Other partners
• Internal: Finance teams across various business markets & other business functions
• External: Auditors.

Who are we looking for?