Lead, Inter-Company Accounting

Lead, Inter Company Accounting

About Medline:

Medline India was setup in 2010 in Pune, primarily as an offshore Development center and to augment resources for Medline Industries LP headquartered in Chicago, USA. We are a 1300+ strong and growing team of technology, finance & and business support professionals who support our businesses worldwide towards a mission to make healthcare run better. Medline India is proud to be certified as a Great Place to Work by the Great Place to Work Institute® (India) for the duration May 2023 – May 2024.

We are an organization with a conducive work environment, ample opportunities to learn, contribute and grow with a highly empowered & engaged team. We encourage our people to share their best ideas and create new opportunities for our customers and ourselves to work together in order to solve today’s toughest healthcare challenges. These are testimonies to Medline been consistently ranked as Best Employers in multiple categories by Forbes for the last couple of years. We have also been listed at #16 place on Fortune 500 list with $20 Billion sales last year. At Medline India #PeopleMatter.

Medline Industries is a healthcare company–a manufacturer, distributor and so much more, doing business in more than 125 countries and territories around the world. We provide the quality medical products and solutions our customers need to deliver their best care to every person in every care setting. Together, we free up the clinical and supply chain resources required to improve the overall operating performance of healthcare.

Job Description:

This person will be responsible for leading the Intercompany Team, work closely with global Controllers, reviewing monthly IC invoices, reconciliations, aging trackers, and should be able to provide solutions to resolve Global IC variances, support consolidation with analytics and business understanding and work closely with different stakeholders e.g. IC controllers, Tax Team, Treasury Team & multiple offshore teams 

Responsibilities:

• Handle End of End IC process and manage team of 3-4 members and oversee their day-to-day operations and resolve queries/problems
• Understand the IC accounting process at Medline and learn the IC balances elimination logics set in Oracle FCCS
• Review the Month End activities performed by the IC team, including -
• Handling billing for IC transactions of US entity
• Review Global IC BS and P&L Variances and Coordinate with stakeholders to resolve global IC variances
• Post a top-side entry in Oracle FCCS for high-value variances that remain open at ME
• Review BS reconciliation of IC GLs in detail, making sure all necessary backups are available and well documented and give feedback to team members with required action plan
• Timely and effectively follow-up with global Controller's on any pending data/ open queries
• Handle queries from Audit and Tax teams from time to time
• Provide solution to multiple stakeholders on adhoc and regular queries
• Establishing effective communication between the team and the stakeholders
• Process Improvisation -
• Standardize the IC process and assigned end to end activities to team members to enhance their business knowledge
• Identify potential solution to automate manual activities via transformation projects
• Strategizing plans to achieve team goals in a timely manner within the stipulated time frame
• IC Process Documentation & Cross Training - Improved Standard Operating Procedures with detailed steps and created back-up layer for business continuity planning
• Team Management -
• Monitor team performance and report on metrics to ensure efficiency and documenting the same to make accurate reports and discover training needs and provide coaching
• Managing the schedule and delegating tasks to team members effectively
• Provide guidance to team members on active projects
• Intercompany Accounting (RTR) in-depth knowledge is required

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Work Experience & Skills:

Qualification and experience

• CA – 7+ years of work experience in Finance Controllership / Consolidations, Inter-Company Accounting
• Thorough knowledge of Consolidations accounting principles and procedures
• Experience in handling Inter company accounting / IC ledger reviews / reconciliations etc.
• Month end close experience is required
• Transformation projects experience will be add on
• Team handling experience is required
• End to end process knowledge of intercompany process
• Experience in handling multiple stakeholders from different global regions

IS experience

• Multiple ERP systems knowledge (SAP & QAD)
• Consolidation Platform Experience (Oracle FCCS, Hyperion, Tagetik, Trintech etc.)
• Excellent excel skills

Soft skills:

• Ability to communicate strongly and influence
• Ability to build successful relationships across the organization through collaboration, consensus building and interpersonal effectiveness
• Flexibility and good team leader
• Multi stake holder management
• Multitasking and effective delegation
• Proactiveness