Manager - Audit & Reconciliation

Gurugram | 4 - 16 Years of Experience

Roles & Responsibilties :

Accountabilities

Responsibilities

Control Points

Effective management of GL accounts. General Ledger Reconciliation Process

Ensuring GL accounts are reconciled at any point of time. Make sure the general ledger balances agrees with Sub Ledgers. Investigate any discrepancies and process any journal entries needed to ensure the two are in balance.

Financial statements and books of accounts are accurate. Effective month, quarter and year end closings.

Statutory, Internal and Tax Audits Management.

Handling Audits and providing schedules / reports and information for timely closure of audit observations. Liaison with internal and statutory auditor to clarify and respond to their queries.

Timely closure of Audits without any negative audit observations.

Process Improvement and compliance

Identify gaps in current F&A processes resulting in unusual movement of transaction in GL accounts. To drive process improvement projects to plug those gaps.

No. of improvements and value added inputs to ensure accurate transactions in GL accounts / financial statements.

Improvements in systems and controls

Provide complete support to the service delivery leader and be a part of the team to lay down processes and systems to make continuous improvements.

Identification & Implementation of Industry Best Practices.

MIS reports to Businesses

Preparing periodical MIS and other reports to communicate the status with all stakeholders

Monthly reports and as and when required.

Vendor Reconciliation and balance confirmation.

Collection of Information from Units and effectively reconciling Vendor Accounts.

Timely completion of all vendor reconciliation’s as per company policies.

 

 

 


Job Function

Audit & Reconciliation

Age

25 - 37 Years

Experience

4 - 16 Years

Qualification

ICWA, CA. CA or ICWA - Post Graduate in Finance.

Key Skills

  • The job requires thorough knowledge of corporate accounting and Systems.
  • Complete understanding of companies accounting procedures and policies.
  • To keep updated with respect to changes taking place in the compliance regime (Corporate laws and Taxes) related to GST and TDS on vendor payments (tax laws, legislative changes, court rulings etc.)
  • Excellent understanding of End to End Finance processes in ERP environment preferably in Oracle R12.
  • Inconsistency and non-standard practices which may operate in different units /businesses.
  • Collection of information from all units and compilation for compliance of audit queries and other proceedings is difficult.
  • Any non-compliance leads to serious implications.

Background

1. The general ledger is the main accounting record of the company. Consequently, general ledger reconciliation is the process of ensuring that accounts contained in the general ledger are correct. 2. GL reconciliations are key to maintaining the integrity of a company’s books and are one of the most important tasks in the closing process. Regularly review and monitor relevant GL accounts to ensure accuracy of financial reports and statements.

Posted On

19th September 2018