Specialist

HCL Technologies Limited; Hyderabad; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

HCL Technologies Limited in Hyderabad, India seeks a Senior Analyst for Settlement Accounting to support the transition and steady-state delivery of settlement accounting activities for a global F&A operation. You will execute journal postings, accruals, bank and cash accounting, and balance sheet reconciliations.

The role requires strong accounting knowledge, attention to detail, proactive issue resolution, effective stakeholder communication, and adherence to internal controls, SOX, and close

Qualifications

• Strong knowledge of accounting principles and R2R close cycle.
• Journal entries, accruals, reconciliations and balance sheet substantiation.
• Variance analysis and audit support.
• SOX compliance and internal controls awareness.
• Proficiency in Excel (lookups, pivots, formulas).
• Experience with ERP/accounting systems (SAP/Oracle/PeopleSoft).
• Strong written and verbal English communication with stakeholders.

Responsibilities

• Participate in month-end, quarter-end and year-end close activities with journal postings and period-end controls.
• Prepare and post settlement accounting entries including provisions and accruals.
• Perform bank reconciliation and record open items across bank accounts.
• Clear balance sheet reconciliations including subledgers and intercompany accounts.
• Conduct safeguarding reconciliations and support variances reporting.
• Prepare financial reports and variance explanations for management and audits.

Skills

R2R close cycle

Journal entries

Bank reconciliations

SOX controls

Excel proficiency

ERP systems

English communication

Transition readiness

Education

B.Com/M.Com with CA/CWA Inter , CMA Inter

Tools

SAP

Oracle

PeopleSoft

BlackLine

Job description

Requisition ID190914-Posted11/10/2026

Function Finance & Accounting - Record to Report (R2R), Settlement Accounting

Role Title Senior Analyst - Settlement Accounting (Accountant)

Location Hyderabad, India

Experience 6+ years of accounting experience , preferably in F&A shared services, settlement accounting, R2R, banking/financial services, payment operations, money transfer, or regulated transaction-based environments.

Job Profile Summary The Settlement Accounting Accountant will support the transition and steady-state delivery of settlement accounting activities for a global F&A operation. The role will execute journal postings, accrual calculations, bank and cash accounting, balance sheet reconciliations, subledger clearances, safeguarding reconciliations, reporting, variance analysis, and audit support. The role requires strong accounting knowledge, attention to detail, ability to investigate open items and variances, effective stakeholder communication, and adherence to internal controls, SOX requirements, company policies and close calendars.

Key Responsibilities

Key Responsibilities / Role Description

• Participate in month-end, quarter-end and year-end close activities, including accounting validations, journal entry preparation/posting, accrual calculations and period-end close controls.
• Prepare and post settlement accounting entries covering bad debt provisions, commission/agent or processor expenses, revenue, balance sheet reclasses and other required accruals.
• Perform bank accounting and record open items in bank accounts, including daily cash reconciliation, cash-in-transit reconciliation, booking and clearing activities.
• Prepare, review and clear balance sheet reconciliations, including BlackLine reconciliations, unbilled accounts, consumer liability accounts, advising accounts, suspense accounts, clearing accounts, subledgers and intercompany accounts.
• Execute safeguarding reconciliations and reporting, including daily safeguarding reconciliation/reporting and weekly safeguarding review activities.
• Prepare standard and specialized financial reports, including FX analysis, revenue analysis, MAP reporting and quarterly variance explanations.
• Investigate transaction variances, aged open items, reconciliation breaks and unusual balances; coordinate with business partners and internal teams for timely resolution.
• Support escheatment related activities, including yearly reviews, ad hoc changes and payment recording as applicable.
• Support internal audits, SOX testing, external financial audits and preparation of audit schedules, supporting documentation and evidence.
• Establish and maintain working relationships with assigned business units, transition teams, retained organization and cross-functional stakeholders.
• Ensure compliance with internal controls, accounting policies, operating procedures, regulatory expectations and client-specific control requirements.
• Contribute to transition readiness by documenting process steps, validating SOPs, shadowing/reverse-shadowing activities, identifying knowledge gaps and supporting stabilization.
• Identify process improvement opportunities, automation candidates and control enhancements; support implementation of approved process changes.
• Provide process guidance and training support to new and existing team members as required.

Skill Requirements

Skills Required

• Strong knowledge of accounting principles, R2R close cycle, journal entries, accruals, reconciliations and balance sheet substantiation.
• Good understanding of settlement accounting, bank/cash accounting, intercompany accounting, subledger reconciliation, suspense/clearing account management and open item resolution.
• Ability to perform variance analysis, root cause investigation, financial reporting and account analysis with high accuracy.
• Working knowledge of internal controls, SOX, audit evidence requirements, close governance and compliance expectations.
• Proficiency in Microsoft Excel, including lookups, pivot tables, formulas, data validation and reconciliation workbooks.
• Experience with ERP/accounting systems and reconciliation tools such as SAP/Oracle/PeopleSoft/BlackLine or equivalent platforms preferred.
• Strong written and verbal English communication skills with ability to engage daily with business partners and stakeholders.
• Detail-oriented, analytical, organized and able to manage deadlines in a transition and close-driven environment.
• Continuous improvement mindset with ability to recommend process improvements, control enhancements and productivity opportunities.
• Ability to work independently and collaboratively in a global delivery model.

Educational Qualification B.Com/M.Com with CA/CWA Inter , CMA Inter