Deputy Manager

Job Summary

The Intercompany Accountant is responsible for managing and reconciling intercompany transactions across group entities, ensuring timely month-end close, accurate financial reporting, and compliance with accounting policies.

The role involves ownership of intercompany balances, Goods in Transit (GIT), Netting and Allocation Processes (NAP), Hold Accounts, AP/AR reconciliations, and GRIR analysis while collaborating with global stakeholders.

Intercompany Accounting


* Manage end-to-end intercompany accounting processes across multiple legal entities.


* Ensure timely recording, validation, and settlement of intercompany transactions.


* Prepare and post intercompany journal entries in compliance with accounting standards and company policies.


* Investigate and resolve intercompany mismatches and reconciliation differences.


* Coordinate with regional finance teams to clear aged outstanding balances.

Goods in Transit (GIT)


* Perform monthly review and reconciliation of Goods in Transit balances.


* Analyze aging items and collaborate with logistics, supply chain, and business teams for timely resolution.


* Ensure accurate recognition of inventory and corresponding intercompany entries.


* Monitor open transit transactions and support period-end reporting requirements.

NAP (Netting and Allocation Process)


* Execute intercompany netting activities and settlement processes.


* Validate netting positions and ensure proper allocation of balances between entities.


* Investigate exceptions and discrepancies in netting cycles.


* Support cash settlement and treasury teams during intercompany settlements.

Hold Account Management


* Review and reconcile hold/suspense accounts on a periodic basis.


* Analyze unidentified transactions and coordinate with stakeholders for proper classification.


* Ensure timely clearance of outstanding hold balances and maintain supporting documentation.


* Drive reduction of aged items through regular follow-up and escalation.

Accounts Payable & Accounts Receivable Reconciliation


* Perform monthly AP and AR intercompany reconciliations.


* Reconcile sub-ledger balances with general ledger accounts.


* Investigate and resolve invoice, payment, and booking discrepancies.


* Work with global counterparts to achieve intercompany balance alignment before close.


* Ensure compliance with account reconciliation policies and SOX/internal control requirements.

GRIR (Goods Receipt Invoice Receipt)


* Review and reconcile GRIR accounts on a monthly basis.


* Analyze aged GRIR items and coordinate with Procurement, Operations, and AP teams for resolution.


* Monitor unmatched goods receipts and invoices.


* Ensure accurate accruals and timely clearing of open GRIR balances.


* Support audit requests by providing detailed reconciliation and supporting documents.

Month-End Close Activities


* Support m...