The Role
Manages banking operations, cash pooling, reconciliations, month-end close, GL integrity, payment authorization, and financial reporting processes. Oversees SAP bank statement uploads, Concur reconciliation, aged-item resolution, foreign transaction and hedge recording, controls compliance, audits, and process improvements. Supports bank implementations, UAT, automation, and collaboration with Treasury, IT, banks, and internal stakeholders. Requires substantial accounting or finance experience and expertise in SAP GL, banking, AR/AP, and multinational operations.
Summary Generated by Built In
Key Responsibilities
Critical activities of the job
- Liaising with businesses, banks, Cash Services and internal stakeholders.
- Manage banking operations to ensure timely delivery with quality.
- Closely monitor cash pooling, country specific banking requirements, cash funding, Direct Debit processes etc.,
- Ensure foreign transactions and hedges are properly recorded.
- Ensure queries / transactions are resolved timely and GL is not aged
- Ensure banking recons are delivered on-time & with quality with no unexplained items.
- Execute month end closing activities.
- Initiate and review GL entries to ensure integrity of all transactions and resolve any queries.
- Design and continuously improve processes focusing on standardization & simplification.
- Drive improvement on identified issues within defined scope of responsibility.
- Participate in new bank implementation & support UAT, testing in partnership with Treasury & IT teams
- Ensure relevant GAAP, HON accounting policies
- Participate in external and internal audits.
- Participate in process improvement reviews and projects.
- Overseeing review of MT940 bank statement status file on daily basis. Validate & work with SAP, IT & Bank teams for failure cases if any, and ensure all bank statements are accurately uploaded and match against SAP
- Manage the review of Concur (Employee reimbursement claims) Reconciliation and approvals
- Payment authorization in bank portal with proper adherence to underlying controls and validation of supporting documents.
- Managing setting up auto rules in SAP to clear standard bank open line items.
- Exposure to controls compliance for Sarbanes-Oxley, Process re-engineering & Automation.
- CA/ICWA or CA Inter/ICWA Inter or MBA Finance and bachelor’s in finance/Accounting
- 8+ for CA/ICWA or 10 to 12 + years’ experience for Finance or Accounts graduate.
Critical
- Hands on experience with SAP GL, Banking, AR & AP processes.
- Banking platform technical expertise.
- Multi Bank / bank account reconciliations, analysis & investigation experience to resolve aged items.
- Large multinational environment experience with good communication skills
- Strong technical and analytical skills
- Be a Zealot for Growth
- Be Courageous with Go Beyond Attitude
- Think Big…Then Make It Happen
Skills Required
- CA, ICWA, CA Inter, ICWA Inter, or MBA Finance with a bachelor's degree in Finance or Accounting
- 8+ years of experience for CA/ICWA candidates
- 10 to 12+ years of experience for Finance or Accounts graduates
- Hands-on experience with SAP GL, banking, AR, and AP processes
- Banking platform technical expertise
- Experience with multi-bank and bank-account reconciliations, analysis, and investigation of aged items
- Experience in a large multinational environment
- Strong communication, technical, and analytical skills
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The Company
