General Ledger Accounting - Specialist

T The General Ledger Accounting - Specialist is responsible for general ledger activities, month-end closing process, preparing reconciliations and resolution of open items, assist with Audits, support for tax filling and act as team lead for GL team.

Job Responsibilities

Statutory & Internal Compliance

• Invoicing for Intercompany transaction and ensure GST compliance.
• Reconciliation between GST return with Books and propose necessary changes.
• Provide relevant information as per requirement of GST audit.
• Ensures compliance with Local IndAs; timely closure of Statutory & Tax audit; support tax team for all tax audits and ITR filling.
• Advance tax working & TDS compliances.
• Liaison with Internal auditor and corrective action on audit findings.
• Balance Sheet quality check and review with management.

IndAs requirements - Local and International

• Responds to account verification requests from districts to ensure costs are assigned to proper accounts.
• Identifies subject matter experts to assist administrative assistants in resolving reconciliation problems.
• Reviews accounting work processes to improve efficiencies.
• Resolves Accounting issues / problems.
• Creates Monthly and Quarterly Financial Reports; manages Inter-Company financial settlements.

Manages Inter-Company Financial Settlements

• Maintains a database of inter-company charges and credits between corporate and international districts to validate financial transactions.
• Co-ordination with IC partners for reconciliation and closure of open item
• Determines appropriate financial settlements to be made.
• Examines production variances to clarify gaps between operations reports and general ledger results.
• Initiates and processes journal entries to finalize monthly cost results.

Closes Monthly General Ledger Accounts

• Receives and loads journal entries to ensure entries are assigned to proper accounts.
• Requests journal entry corrections to ensure awareness and correction of mistakes.
• Notifies districts of closing entry adjustments on high priority accounts (e.g., vacation expense, health and welfare costs, etc.) to ensure changes occur in timely manner.
• Maintains all closing checklist adequately and Forwards journal incident reports to districts to allow for tracking of monthly closing errors.

Prepares and assist with review of Monthly Reconciliations

• Verifies reconciliation ending balances to ensure the general ledger balances.
• Reviews and investigates accounts with large monthly variances to understand charges and reasons for occurrence.
• Reports large monthly variances to Corporate Accounting to ensure awareness of cost impact.
• Verifies all reconciliations adhere to due date requirements to ensure approvals occur in timely manner.
• Reconciles items greater than thirty days to ensure they are resolved for monthly reporting.

Leads team

• Assist team members with understanding of IndAs requirements; new accounting policies.
• Liase with International work groups like WWF; District and have periodic calls; resolve issues.

Job Specific Competencies

Accounting Knowledge

• Applies general accounting theory, principles, and practices as determined by regulatory authorities.
• Demonstrates a broad business and accounting knowledge; describes methods in compliance with Generally Accepted Accounting Principles (IndAs).
• Applies standard IndAs methods; makes recommendations to improve practices or procedures in compliance with IndAs.
• Evaluates compliance to IndAs methods; applies accounting knowledge to complex or unusual contexts; establishes company accounting controls and procedures; anticipates and addresses the impact of new accounting practices.

Detail Orientation

• Plans and completes work with thoroughness, giving attention to specific information, and individual details, conditions, necessary record keeping, and elements of that work.
• Develops plans that balance details and the big picture ; adapts the level of detail required for a given audience and the purpose; completes work with thoroughness; maintains records and information in an organized manner; audits available information for inconsistencies; maintains documentation that support the completion of work and retention of details/decisions.

Qualification

• Chartered Accountant with 2-3 year s experience.