Record To Report - Consultant (Contractual )

Godrej Properties; Mumbai; On-site; INR 900,000 - 1,350,000; Full time

Job summary

Godrej Properties in Mumbai is seeking a seasoned finance professional to support month-end, quarter-end and year-end closing with journal entries in SAP and ledger reviews.

The role covers fixed asset accounting, CWIP capitalization, depreciation, intercompany transactions, and consolidation, ensuring compliance with Ind AS and reporting standards. Collaboration with local finance teams is essential for accurate and timely financial statements.

Responsibilities

• Collaborate with various user departments 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
• 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
• 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
• 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
• 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
• 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.

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

2. 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.