What you’ll do:
The Intercompany Analyst is responsible to execute the Receivables and Payables ICO process; ensuring to be reliable and complies with the Company’s Policies and procedures, legal guidelines, and tax requirements in a timely manner.
Transaction Processing :
• Verifies and reviews details (both sending and receiving) of intercompany requests received for chargebacks
• Determines appropriate Intercompany accounting details (e.g. GL accounts, Cost Objects, Transaction Type, Tax Code, Plant Code, etc.), to post the transactions
Posts Intercompany journal entries on both sides for cross-company enabled locations as applicable or to one location if not cross-company enabled basis the instructions for Non-po invoicing or recharges
• Monitors pending Intercompany recharges requests (either Sending or Receiving) and provides status updates to ICPs and followup
• Prepares accruals for recurring transactions (e.g. goods in transit and cash in transit) ensure to review the OOB report and perform the analysis on WD2/3. Book the OOB accruals as per policy threshold each month
• Ensures timely expense recognition (on both sides) for year-end Intercompany related accruals
Reconciliation:
• Performs preliminary and final netting reconciliations for all in scope sites/company codes to avoid Cash on account
• Resolves intercompany reconciling items (>90 days) within month-end reporting timelines
• Resolves intercompany reconciling items (below the threshold) within a two-month time frame.
• Ensure the appropriate followup for aged receivable and payables each month and provide aging schedule on monthly basis to capture the actions and commentary for each customer /vendor
• Prepares balance sheet reconciliations in ARCS and update the action plan for each aged item above 90 days and provide appropriate support for recons.
• Detailed understanding on AR and AP Processes and key areas such as Invoice management such as Holds, interface errors, Payment process including pay methods, pay terms etc.
Analysis:
• Perform the OOB analysis throughout month the reduce the past due invoices
• Perform the OOB Accruals on WD2 and ensure to follow for OOB
Settlement:
• Coordinates with Treasury for any settlement requirements such as flag off the invoices or removal of invoices from co-process to avoid COA
• Perform the AR and AP recons with treasury statements for Preliminary and final netting each month
Others
• Provides data to Audit requirements, ensure the ARCS audit support
• Identifies process improvement opportunities and implements related CI projects
• Perform the AR Balance confirmation and share email with counterparts to confirm their balances
• Support providing the balances confirmation for AP side for received emails until WD2
Qualifications:
Markview/Dolphin AP systems awareness or handling experience
Skills:
Reconciliation
• Basis Financial Analysis
• Basic Accounting Knowledge /Principles
• Financial Systems and Process
• Control Environment (SOX)
• Communication
Hands on knowledge on SAP /Oracle
Advance excel knowledge
Power BI queries will be added skills
Drives Innovation – Develops new insights into solutions that result in organizational improvements; promotes a work environment that fosters creative thinking, innovation and rational risk-taking
Collaborative with System, Customers and Key Stakeholders –
Act like an Owner – Focuses on the critical few objectives that add the most value to deliver results that meet or exceed expectations.
Inspire Others – Builds and maintains relationships that motivate, guide, and/or reinforce the performance of others toward goal accomplishments
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