Principal Accountant – Intercompany Accounting

Aegistech; Virginia; On-site; USD 120,000 - 190,000; Full time

Job summary

Aegistech is seeking a Principal Accountant to lead the global intercompany accounting practice, driving governance, reconciliation, and timely settlements across all legal entities while ensuring compliance with US GAAP.

The role partners with Treasury, Tax, and Global Controllership to standardize processes, oversee multi‑currency settlements, close and consolidation activities, TSA transitions, and ongoing improvements that reduce aging and manual entries.

Qualifications

• Bachelor’s degree in Accounting or Finance; CPA preferred.
• 8+ years of progressive accounting experience.
• Experience in a publicly traded company ($1B+ revenue preferred).
• Significant experience with complex multi-entity intercompany accounting environments.

Responsibilities

• Lead global intercompany accounting oversight, governance, reconciliation, elimination, and settlement processes across legal entities.
• Oversee intercompany transactions including management fees, shared services allocations, cost recharges, cross-border transfers, intercompany loans and interest, and equity movements.
• Ensure consistent accounting treatment across regions and compliance with US GAAP; partner with regional accounting teams for global alignment.

Education

Bachelor’s degree in Accounting or Finance

CPA preferred

Job description

Principal Accountant – Intercompany Accounting

Position Overview

Our client is establishing a centralized and controlled global intercompany accounting function to ensure accuracy, transparency, and timely settlement across all legal entities. We are seeking a highly operational and technically strong Principal Accountant to support and execute the company’s global intercompany accounting strategy and settlement framework across the enterprise.

This role will lead the day-to-day governance, reconciliation, elimination, and settlement processes for intercompany transactions globally, while partnering closely with Treasury, Tax, and the broader Global Controllership organization. The role will also play a critical leadership role in supporting the company’s long-term process standardization efforts.

Core Responsibilities:

Global Intercompany Accounting Oversight

• Support and maintain the company’s global intercompany accounting policies and governance framework.
• Oversee intercompany transactions across legal entities, including:
• Management fees
• Shared services allocations
• Cost recharges
• Cross-border product and service transfers
• Intercompany loans and interest
• Equity transactions and capital movements
• Ensure consistent accounting treatment across regions and compliance with U.S. GAAP.
• Partner with regional accounting teams to drive alignment and operational consistency globally.

Settlement & Netting Operations:

• In coordination with Treasury, manage centralized intercompany settlement and netting processes.
• Oversee monthly and quarterly intercompany true-ups and settlement activities.
• Ensure timely and accurate settlement execution across multi-currency environments.
• Monitor FX-related impacts and reconciliation activities.
• Drive standardization of intercompany invoicing and payment practices.
• Support cash management and funding coordination activities with Treasury.

Close & Consolidation Support:

• Lead timely intercompany reconciliations in support of monthly and quarterly close cycles.
• Support accurate elimination of intercompany balances and transactions during consolidation.
• Resolve out-of-balance conditions and reconciliation discrepancies proactively.
• Partner with global controllership teams to reduce intercompany aging and disputes.
• Support accurate legal entity and segment reporting.

Spin-Off & TSA Transition Support:

• Support implementation of standalone intercompany accounting structures in partnership with Tax and Treasury.
• Oversee accounting and settlement activities related to Transitional Service Agreements (TSAs).
• Assist in implementing scalable long-term intercompany processes replacing inherited legacy structures.
• Coordinate with Tax to align operational accounting with transfer pricing policies.

SOX, Controls & Governance:

• Maintain SOX-compliant controls over intercompany accounting, reconciliations, and eliminations.
• Ensure appropriate documentation and approval workflows are in place.
• Partner with SOX and Internal Audit teams on testing and remediation activities.
• Identify opportunities to reduce manual journal entries and improve automation.

Systems & Process Optimization:

• Support ERP and consolidation system enhancements to improve automated matching and eliminations.
• Assist with standardized intercompany coding structures and chart of accounts governance.
• Drive process improvement initiatives to reduce reconciliation cycle times and recurring disputes.
• Evaluate automation opportunities and scalable solutions for intercompany operations.

Cross-Functional Partnership:

• Partner closely with:
• Tax
• Treasury
• Global Controllership
• FP&A
• Technical Accounting
• External service providers
• Serve as a key escalation point for intercompany accounting and settlement issues.
• Support leadership reporting and executive visibility into intercompany risks and aging trends.

Qualifications:

• Bachelor’s degree in Accounting or Finance (CPA preferred).
• 8+ years of progressive accounting experience.
• Experience in a publicly traded company ($1B+ revenue preferred).
• Significant experience with complex multi-entity intercompany accounting environments.