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Team Lead For Cash & Bank
Siemens Energy
posted 1d ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
A Snapshot of Your Day
Team Leadership : You will manage a team of domain guides, handling accounting issues, analyzing errors, initiating vital corrections, and leading process improvement activities with support from the Head of Accounting Services IN. You will supervise daily Cash Bank transactions and month-end closing activities, ensuring timely and accurate recording in accordance with IFRS, local GAAP, and other relevant regulations.
Collaboration Teamwork : You are expected to collaborate and build strong partnerships with internal and external customers, including regional accounting hubs, local business teams, and other partners within Siemens Energy s communities. Actively listen to customer requests, manage sophisticated operational issues, and take ownership of decisions with the Head of Accountng Services IN. Share standard processes with all relevant collaborators.
Critical issues Process Improvement : With your experience, lead the Cash Bank team in resolving accounting issues and serve as a competent contact person. Lead the team in operational improvement, finance transformation projects, or other beneficial solutions in your area of expertise
How You ll Make an Impact Validating that bank statement imports/uploads automatic and manual are performed in a timely manner and free from error in SAP
- Perform bank accounts reconciliations in a timely manner and that aged items are followed-up on and clarified by following-up with any reasonable party
- Reconcile account balances between SAP and bank interface
- Perform special booking transactions (e.g. overpayments, employees, tax authorities, wage tax etc.)
- Create journals to internal / external Bank Account
- Monitoring of outgoing payments (MOP Process)
- Bank related interim account clearing
- Recording of all cash transactions and follow-up on items to be clarified
- Perform Interim Cash related General Ledger Account Reconciliations
- Investigate and resolve payment rejection
- Perform month end activities related to Cash and Bank
- Ensuring stability in monthly, quarterly and annual financial closing activities, actively providing support to Cash Bank team members as a relevant specialist and leader.
- You assist with ad-hoc duties required by management to meet the needs of the business, and coordinate solutions with your team if required.
- Working independently and proactively supporting the Cash Bank team members, also providing feedback for more complex issues to the Head of Accounting Services IN.
- You will be responsible for internal controls in Cash Bank accounting, also participating in internal and external audits by providing timely and qualitative information and resolve queries from the auditors (where applicable for the assigned countries/legal entities).
- You own the implementation and continuous update of DTP (Desktop Procedure) documentation for existing and creation of DTPs new processes/variances.
- You are actively involved in leading, proposing and coordinating people and processes in continuous improvement initiatives as part of finance transformation projects. You will support projects related to Cash Bank, Mergers and Acquisitions and ERP migration projects, among others.
- Contributing and engaging in standardizing and automating our workflows and Cash Bank processes and our multi-functional processes throughout the company.
- Bachelor s degree in Accounting or related field
- Minimum 7 years of experience in the field of Cash Bank or Accounting Finance Operations, and minimum 2 years in Team Leadership
- Extensive knowledge of accounting and IFRS is required
- Very good MS-Office skills (especially in MS-Excel)
- Very good understanding of business processes in SAP
- Experience in transitions and transformation projects
- Willingness to travel for knowledge transfer, training/workshops, if needed.
Employment Type: Full Time, Permanent
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What people at Siemens Energy are saying
Rating based on 5 Team Lead
reviews
Anonymous · Engineering - Software & QA
in Mumbai
Likes
Very good working culrure
- Salary - Excellent+6 more
Dislikes
Nothing to be deslike
Team Lead salary at Siemens Energy
reported by
14
employees
with 10-17
years exp.
₹11
L/yr - ₹27
L/yr
116%
more
than the average Team Lead Salary in India
View more details
What Siemens Energy employees are saying about work life
based on 622 employees
Flexible timing
Monday to Friday
No travel
Day Shift
Siemens Energy Benefits
View more benefits
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