Intercompany Sr. Accountant

Somani Technologies; Bengaluru; On-site; INR 900,000 - 1,800,000; Full time

Job summary

Somani Technologies is seeking an experienced Intercompany Accountant to manage AP/AR processes across global entities from Bengaluru. You will review invoices, perform reconciliations and ensure timely settlements, while supporting monthly and quarterly closes and maintaining strong internal controls.

The role requires solid accounting knowledge, 5–8 years in related roles, and proficiency with SAP, Basware and related tools. Collaboration with global stakeholders is essential.

Qualifications

• Bachelor's Degree in Accounting, Finance, Commerce, or related field.
• Proven experience in Accounts Payable, Accounts Receivable, Intercompany Accounting, Financial Operations, or Shared Services.
• Strong knowledge of accounting principles, financial processes, and Intercompany accounting.

Responsibilities

• Process Intercompany AP/AR transactions across global entities.
• Review and validate intercompany invoices, debit notes, credit notes, chargebacks and settlements.
• Ensure timely recording, matching and settlement per SLAs.
• Perform intercompany account reconciliations and balance confirmations.
• Investigate and resolve intercompany discrepancies, age balances and disputes.
• Support monthly, quarterly and annual financial close activities.

Skills

Intercompany AP & AR processes

Reconciliations

Excel

SAP

CFIN

Basware

PowerPoint

Analytics

Stakeholder management

Communication

Education

Bachelor's degree in Accounting/Finance/Commerce or related field

Tools

SAP

CFIN

Basware

Blackline

SAP Group Reporting

ServiceNow

Job description

Key Responsibilities:

• Experience with process deliverables and change management initiatives.
• Manage high volumes of Intercompany AP and AR transactions across multiple legal entities.
• Support process improvement initiatives, standardization activities, and implementation of new processes.
• Provide process guidance and support to junior team members.
• Ensure adherence to company policies, accounting standards, and internal controls.
• Support global stakeholders on Intercompany AP and AR operational activities.

Primary purpose of this position:

• Process Intercompany Accounts Payable and Accounts Receivable transactions accurately and timely across global entities.
• Review and validate Intercompany invoices, debit notes, credit notes, chargebacks, allocations, and settlements.
• Ensure timely recording, matching, and settlement of Intercompany transactions in accordance with agreed service levels.
• Perform Intercompany account reconciliations and balance confirmations to ensure accuracy and completeness.
• Investigate and resolve Intercompany discrepancies, invoice disputes, unmatched items, and aging balances in a timely manner.
• Monitor outstanding Intercompany receivables and payables and drive timely settlement of open balances.
• Support monthly, quarterly, and annual financial close activities, including accruals, reconciliations, reporting, and settlements.
• Analyze Intercompany transaction trends, variances, and exceptions to identify potential issues and improvement opportunities.
• Collaborate with Procurement, Accounts Payable, Treasury, Tax, Logistics, Supply Chain, and Business stakeholders to ensure consistency in Intercompany processes.
• Act as a key contact between global affiliates and business units to facilitate communication and issue resolution.
• Maintain accurate and up-to-date documentation of Intercompany agreements, invoices, settlements, reconciliations, and supporting records.
• Ensure compliance with accounting policies, procedures, internal controls, and regulatory requirements.
• Prepare and distribute periodic reports on Intercompany AP & AR activities, aging, settlement status, and key performance indicators.
• Demonstrate the ability to prioritize work, manage process activities, and support junior team members.
• Identify and implement opportunities for automation, standardization, and continuous process improvement.
• Communicate accounting procedures and Intercompany requirements effectively to finance and non-finance stakeholders.

Main Accountability or KPIs:

• Ensure timely and accurate processing of Intercompany invoices, settlements, and reconciliations.
• Achieve invoice processing, reconciliation, and settlement targets in accordance with service level agreements.
• Monitor and reduce aged Intercompany receivables, payables, and unresolved open items.
• Ensure timely completion of Intercompany balance confirmations and account reconciliations.
• Maintain compliance with PCAOB controls, company policies, and audit requirements.
• Ensure accuracy and completeness of transaction processing, reporting, and financial data.
• Analyze transactional details and provide timely resolution to stakeholder inquiries.
• Research transactions in SAP and supporting systems to identify and resolve processing issues.
• Drive continuous process improvement initiatives and operational excellence.

This job description reflects management's assignment of essential functions; it does not prescribe or restrict responsibilities that may be assigned.

Qualifications:

• Bachelor's Degree in Accounting, Finance, Commerce, or related field.
• Proven experience in Accounts Payable, Accounts Receivable, Intercompany Accounting, Financial Operations, or Shared Services.
• Strong knowledge of accounting principles, financial processes, and Intercompany accounting.

Work Experience

• 5 to 8 years business related process experience preferred

Knowledge/Skills Requirements:

• Strong knowledge of Intercompany AP & AR processes, reconciliations, settlements, and financial controls.
• Good understanding of accounting principles, month-end close activities, and financial reporting.
• Advanced proficiency in Microsoft Excel and working knowledge of PowerPoint.
• End-user knowledge of SAP, CFIN, Basware, Blackline, SAP Group Reporting, and ServiceNow.
• Strong analytical, problem-solving, and stakeholder management skills.
• Excellent communication and customer-service orientation with the ability to work across global teams.
• Ability to manage multiple priorities, meet deadlines, and work independently.
• Strong understanding of PCAOB, IFRS, and internal control requirements.
• Experience driving process improvement, automation, and standardization initiatives.