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Genpact

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3.9

based on 29.7k Reviews

Proud winner of ABECA 2024 - AmbitionBox Employee Choice Awards

Top Rated Mega Company - 2024

Top Rated Company for Women - 2024

Top Rated IT/ITES Company - 2024

2163 Genpact Jobs

Management Trainee

Headstrong (GENPACT)

3.9

based on 29.7k Reviews

0-5 years

₹ 5.2 - 8.5L/yr (AmbitionBox estimate)

Gurgaon / Gurugram

1 vacancy

Management Trainee

Genpact

posted 13d ago

Job Role Insights

Flexible timing

Key skills for the job

Medical Coding Customer Service Financial Analysis Analytical Chemistry MS Office Financial Reporting

+ 4 more

Job Description

This role will be responsible for successful transition of the process and responsible for setting it up FTR (First Time Right)

Act as Subject Matter Specialist for the Property Accounting process , complete know how and understanding of the value chain.

Property Accounting

Financial Reporting: Prepare and analyze financial statements, including income statements, balance sheets, and cash flow statements, for individual properties or property portfolios. Ensure accuracy, compliance with accounting standards (e.g., Cash, Accrual, GAAP etc. ), and timely delivery of financial reports .

Responsible to interact with the client property managers posted onsite at property.

Respond telephonically and e-mails to ad hoc questions/ request related to property financials on day -to-day basis.

Presenting the financials to the Client Property Manager and Property Board Members.

Interacting with client stakeholders within and outside client organization to support reporting and decision-making related activities at property level.

Preparation of Journal entries to ens ure all transactions have been recorded in the correct GL code.

Capital Expenditure ( Capex ) Management : Track and manage capital expenditures for property improvements, renovations, and major repairs. Maintain Capex budgets, coordinate with project teams/vendors, and ensure proper accounting treatment of Capex items.

Property Tax Compliance: Monitor property tax assessments, payments, abatements, and compliance with tax regulations. Work with tax advisors or authorities to resolve tax issues, apply for tax incentives or exemptions, and manage property tax appeals or reassessment.

Fund transfers (Internal & External ): Setting aside sufficient funds from operating to escrow to meet major financial obligations like taxation, capital project, big insurance payments etc. Ensure we have sufficient funds in the operating account for payment to vendor etc.

Funds reinvestment: Tracking of Treasury Bills, Certificates of deposits etc. so funds can be appropriately re-invested on a timely basis . Provide information to the stakeholder/board for some re-investment options available to them by coordinating with Treasury team.

Property Budgeting and Forecasting : Collaborate with property managers and stakeholders to develop annual budgets, forecasts, and financial plans for properties. Monitor actual performance against budgeted figures, analyze variances, and provide insights for cost management and revenue optimization.

Expense Management : Monitor and analyze property operating expenses, including utilities, maintenance, repairs, insurance, taxes, and other costs. Ensure accurate coding, allocation, and recording of expenses to the appropriate property accounts.

Approve vendor invoices through Yardi/AvidXchange by looking into the supporting documentation and funds available in the bank accounts to pay those invoices.

Perform bank reconciliation of operating and non-operating account for all the properties and clearance of open items .

Prepare Cash Positioning/Projection Report and share with Account Executive/Boards for the cash availability on their properties.

Audit and Compliance: Prepare documentation and support for internal audits, external audits, and financial compliance reviews. Support the annual audit process, including preparation of audit schedules and responding to auditor enquiries.

Collaborate with property managers to ensure accurate reporting and compliance as per accounting standards.

Reconcile bank statements, accounts payable and accounts receivable.

Calculate and distribute fund to t he Owners after adjusting the revenues and expenses for the month.

Ad-Hoc Analysis and Projects: Conduct financial analysis and modelling to support business decisions.

Ensure accurate and timely reporting of financial data to stakeholders .

Rent and Lease Management : Manage rent rolls, lease agreements, and tenant accounts receivable/payable. Calculate and process rent payments, track lease terms and expirations, handle lease renewals, adjustments, and escalations, and reconcile tenant accounts.

Understand tenant lease language and ensure it is input properly to the designated accounting software .

Maintain and review Rent Roll, Tenant Ledger, Aged Delinquency, and Lease Expiration reports monthly.

Other Responsibilities

Independently work to resolve discrepancies with clients and departments or individuals throughout the firm.

Ability to deal with multiple stakeholders within client organization, excellent written and verbal communication skills.

Review the SOP Documentation and content creation/improvement.

Will be responsible to deliver the process improvements and transformation as committed as per the contractual obligations.

Establish effective relationship with different client partners through written and verbal communication.

Ensure the accuracy and timeliness of all reports delivered for all entities and at the consolidated level.

Qualifications we seek in you.

Minimum qualifications ( All as highlighted in bold are mandate)

Relevant Accounting Experience

B. Com, M. Com, MBA, CA, CPA

Bachelor s degree with a major in Finance and Accounting.

Relevant years of overall experience in Record to Report (Financial Analyst) processes, prior experience of working with real estate client will be a preference.

Strong Knowledge of US GAAP and property Accounting Principles for US markets.

Proficient in MS Office applications, especially in Advanced MS-excel knowledge .

Excellent verbal communication, Interpersonal, highly proactive in approach

Ability to work independently and collaboratively in work environment.

Excellent analytical, organization and problem-solving skills.

Understanding of Yardi , JD Edwards, MRI will be a preference.

Thorough knowledge of Real Estate industry and property accounting, Month Close & Period End Accounting and Budgeting , Cash Analysis .

Strong attention to detail and accuracy.

Personal skills:

A great teammate with an excellent interpersonal skill

Able to work under pressure .

Equipped with a high degree of integrity and drive.

Ability to deliver as per timelines.

Be able to provide an excellent level of customer service.

Understanding to customers concerns whilst maintaining focus on business needs

Shift

Working for the US Client.

Evening Shift: 5:30PM -2:30AM IST

Employment Type: Full Time, Permanent

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What people at Genpact are saying

3.7

Rating based on 2.3k Management Trainee reviews

Anonymous · Accounting & Taxation in Gurgaon / Gurugram, Haryana

Likes

There is nothing which is like in terms of Genpact . There is no straightforward promotion policy in Genpact Even in some process micromanagement and office politics are at very broad level.

Dislikes

Manager do not know how to communicate with their colleagues. Even in some cases proper nepotism is exist

Read 2.3k reviews