Reporting & Control Principal Analyst

About the job

The Reporting & Control Principal Analyst is responsible for maintaining and reconciling the company's general ledger accounts, ensuring accurate and timely financial reporting. The role will handle various accounting tasks, including journal entries, account reconciliations, and financial analysis and plays a crucial role in ensuring the integrity of financial data and supporting the overall financial management of the organization. The role will be a key player in the closing the financial statement on end of month/year and be proficient in using general ledger software and accounting principles to generate financial reports and provide insights to support decision-making

Responsibilities:

1. General Ledger Maintenance: Maintain and update the general ledger accounts, ensuring accuracy and completeness of financial transactions, adjustments, and journal entries. Prepare asset, liability, and capital account entries by compiling and analyzing account information. Recommend financial actions by analyzing accounting options. Summarize current financial status by collecting information. Record the financial transactions accurately in the general ledger accounts using appropriate accounting codes and classifications. Prepare and post journal entries for various financial transactions, such as revenue recognition, expense accruals, and intercompany transactions.
2. Account Reconciliations: Perform regular reconciliations of general ledger accounts, investigating and resolving any discrepancies or variances. Reconcile general ledger accounts with other business unit ledgers, intercompany transactions, bank statements, and other financial records to ensure consistency and accuracy in financial reporting. Reconcile inventory records with the general ledger to verify the accuracy of inventory balances, cost of goods sold, and inventory valuation methods. Reconcile fixed asset records with the general ledger to verify the accuracy of asset acquisitions, depreciation expenses, disposals, and impairment charges
3. Month-end and Year-end Closing: Participate in month-end, quarter-end, and year-end closing processes by reconciling accounts, preparing closing entries, and generating financial reports to facilitate timely and accurate financial reporting. Post journal entries to the general ledger, including accruals, deferrals, and adjusting entries, to reflect accurate financial information and comply with accounting principles and standards. Calculate and record depreciation expense for fixed assets and amortization expense for intangible assets, ensuring compliance with accounting standards and company policies. Prepare the financial statements, including the income statement, balance sheet, and statement of cash flows, based on the adjusted trial balance and supporting schedules.
4. Accounting Compliance: Ensure compliance with accounting standards regulatory requirements, and internal controls in the preparation of financial statements and disclosures. Ensure compliance with accounting principles, policies, and regulations, such as Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS).
5. Accounting Knowledge Management: Maintain documentation and supporting schedules for general ledger transactions and account reconciliations, ensuring compliance with internal controls and audit requirements. Document financial transactions by entering account information. Provide support in answering accounting procedure questions by researching and interpreting accounting policy and regulations. Maintain professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies
6. Accounting Process Improvement: Identify opportunities to streamline and improve general ledger processes, enhance efficiency, and strengthen accounting practices

Minimum qualifications:

1. Bachelor’s or Master’s degree in in accounting, finance, or a related field is required.
2. At least 5 years of experience in accounting or finance roles, with a focus on general ledger accounting, reconciliation, group consolidation, financial reporting, and month-end closing processes with at least 2 years previous experience in general ledger accounting or related roles specifically. Professional certifications such as Certified Public Accountant (CPA) or Chartered Accountant (CA) are advantageous