Intercompany Accountant

Job Title: Intercompany Accountant

Job Summary:

The Intercompany Accountant is responsible for managing and reconciling intercompany transactions and balances across the organization. This role involves ensuring accurate and timely processing of intercompany transactions, preparing reconciliations, and working closely with different entities to resolve discrepancies. The Intercompany Accountant will also play a key role in the monthly close process and ensure compliance with accounting policies and standards.

Key Responsibilities:

1. Intercompany Transactions:
• Process and record all intercompany transactions, including sales, purchases, and expense allocations, in accordance with company policies and accounting standards.
• Ensure all intercompany transactions are properly documented, supported, and aligned with transfer pricing policies.
• Coordinate with different entities within the organization to obtain the necessary information for accurate intercompany accounting.

1. Reconciliation:
• Prepare and review intercompany reconciliations on a monthly basis, ensuring that all balances agree between entities.
• Investigate and resolve intercompany discrepancies in a timely manner.
• Ensure intercompany reconciliations are completed accurately and on time, and that all intercompany accounts are fully reconciled at month-end.

1. Month-End Close:
• Participate in the month-end close process, ensuring all intercompany transactions are recorded, reconciled, and adjusted as necessary.
• Prepare and post intercompany journal entries as part of the month-end close process.
• Assist in the preparation of consolidated financial statements, ensuring that intercompany balances are properly eliminated.

1. Compliance & Reporting:
• Ensure compliance with relevant accounting standards (e.g., IFRS, GAAP) and internal policies related to intercompany transactions.
• Prepare and submit intercompany reports to management and other stakeholders as required.
• Assist with internal and external audits related to intercompany accounts, providing necessary documentation and explanations.

1. Process Improvement:
• Identify and implement process improvements to enhance the efficiency and accuracy of intercompany accounting.
• Work with the finance team to streamline intercompany processes and improve internal controls.
• Participate in the implementation or enhancement of accounting systems related to intercompany transactions.

1. Cross-Functional Collaboration:
• Collaborate with finance teams across different entities to ensure consistent application of intercompany accounting policies and procedures.
• Work closely with tax and transfer pricing teams to ensure proper tax treatment and compliance of intercompany transactions.

Qualifications:

• Bachelors degree in Accounting, Finance, or a related field.
• CA, or equivalent accounting certification preferred.
• 5+ years of experience in intercompany accounting or general accounting.
• Strong understanding of accounting principles, particularly in intercompany transactions and reconciliations.
• Experience with accounting software (e.g., SAP, Oracle, or similar ERP systems).
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills.
• Ability to manage multiple priorities and work independently.