When our values align, there's no limit to what we can achieve.
At Parexel, we all share the same goal - to improve the world's health. From clinical trials to regulatory, consulting, and market access, every clinical development solution we provide is underpinned by something special - a deep conviction in what we do.
Each of us, no matter what we do at Parexel, contributes to the development of a therapy that ultimately will benefit a patient. We take our work personally, we do it with empathy and we're committed to making a difference.
Specialist, Central Accounting Support
About Parexel
Parexel is a leading global clinical development partner delivering insights-driven clinical and consulting solutions to the life sciences industry. With 22,000+ employees worldwide, we partner with biopharmaceutical companies and research sites to design and deliver patient-focused clinical trials that broaden access and make research a care option for anyone, anywhere.
We work with focus, agility, and shared purpose, moving with urgency to address patient needs and accelerate the delivery of new therapies. We embrace bold thinking, adapt quickly to change, and continually raise the bar for the speed and quality of clinical research. We are expanding our team and seeking talented individuals to help drive industry leading innovation, With Heart®.
About the Role
We are seeking a Specialist, Central Accounting Support to join our Finance team in Hyderabad in a hybrid capacity. As a Cash Management Specialist, you will support the accuracy and timeliness of Parexel's financial operations by managing day-to-day cash management and reconciliation activities for assigned entities and bank accounts. This position plays a key role in bank and cash reconciliations, open item management, controls and audit readiness, and month-end close. You'll collaborate with AP, AR, General Ledger (GL), Treasury, and other Finance teams, follow industry-standard processes, and contribute to reliable financial results that help keep our clinical development business strong.
Responsibilities include ensuring accurate reconciliations, timely resolution of outstanding items, and completion of activities within month-end close deadlines, with opportunities to deepen your expertise and influence process improvements.
You'll join a fast-paced, growth-oriented environment focused on making a meaningful impact through accurate reconciliations, timely clearance of open items, and strong controls. With diverse teams and continuous learning opportunities, the Specialist, Central Accounting Support can explore career paths and expand skills across finance operations.
Key Responsibilities
- Perform monthly reconciliation of assigned bank accounts, Cash in Transit (CIT), Cash, and Petty Cash accounts, investigating and following up on reconciling items for timely clearance
- Maintain assigned activities within Oracle Cash Management and support accurate recording and reconciliation of cash transactions
- Complete assigned cash accounting and reconciliation activities within month-end close deadlines, including payment transfers to the GL and follow-up of outstanding items
- Review aged items and coordinate with AP, AR, GL, Treasury, and other teams to drive resolution
- Maintain reconciliation support and documentation, and provide schedules and support for internal and external audit requirements
- Work effectively with Finance and Treasury stakeholders and provide backup coverage during month-end and quarter-end close
- Support process improvement and automation by identifying repetitive activities and opportunities for standardization and efficiency
Candidate Profile
You'll thrive in this role if you bring:
- Strengths in bank reconciliation, basic accounting, and cash management
- Experience in accounting, bank reconciliation, cash management, or finance operations
- The ability to investigate and resolve reconciliation differences and drive reconciling items to timely clearance
- The ability to work effectively with Finance and Treasury stakeholders and communicate clearly
- A detail-oriented mindset and the ability to meet close deadlines
- Comfort working with Excel, accounting systems, and Oracle Cash Management
Required Qualifications
- Graduate in Commerce
- 2 to 4 years of relevant experience in accounting, bank reconciliation, cash management, or finance operations
- Strong bank reconciliation and basic accounting knowledge
- Good analytical skills with the ability to investigate and resolve reconciliation differences
- Good working knowledge of Excel and accounting systems
- Oracle Financials or Oracle Cash Management experience
- Good communication skills, attention to detail, and the ability to meet close deadlines
Preferred Qualifications
- MBA, M.Com, B.Com, CA, or CMA/ICWA Intermediate
- Experience handling multiple bank accounts and/or currencies
- Exposure to AP/AR interfaces, GL activities, or cash accounting
We believe in flexibility, growth, and creating space for people to do their best work. Join us and be part of a team where your contributions help shape the future of clinical research.
If this job doesn't sound like the next step in your career, but perhaps you know of someone who'd be a perfect fit, send them the link to apply!
Skills Required
- Graduate in Commerce
- 2 to 4 years of relevant experience in accounting, bank reconciliation, cash management, or finance operations
- Strong bank reconciliation and basic accounting knowledge
- Good analytical skills with the ability to investigate and resolve reconciliation differences
- Good working knowledge of Excel and accounting systems
- Oracle Financials or Oracle Cash Management experience
- Good communication skills, attention to detail, and ability to meet close deadlines
- MBA, M.Com, B.Com, CA, or CMA/ICWA Intermediate
- Experience handling multiple bank accounts and/or currencies
- Exposure to AP/AR interfaces, GL activities, or cash accounting
Parexel Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Parexel and has not been reviewed or approved by Parexel.
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Healthcare Strength — Health coverage is described as comprehensive, including medical, dental, vision, HSA/FSA options, and company-paid disability insurance. Descriptions often portray the package as strong or “top notch,” adding meaningful value.
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Retirement Support — Retirement offerings include a 401(k) with company matching and, in some regions, generous pension contributions. Core financial protections are emphasized as a solid part of the total rewards.
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Leave & Time Off Breadth — Time-off programs include ample PTO or flexible/unlimited RTO alongside flexible schedules and remote/hybrid options. Work-life balance support from managers is highlighted as a practical advantage.
Parexel Insights
What We Do
Parexel is among the world’s largest clinical research organizations (CROs), providing the full range of Phase I to IV clinical development services to help life-saving treatments reach patients faster. Leveraging the breadth of our clinical, regulatory and therapeutic expertise, our team of more than 21,000 global professionals collaborates with biopharmaceutical leaders, emerging innovators and sites to design and deliver clinical trials with patients in mind, increasing access and participation to make clinical research a care option for anyone, anywhere. Our depth of industry knowledge and strong track record gained over the past 40 years is moving the industry forward and advancing clinical research in healthcare’s most complex areas, while our innovation ecosystem offers the best solutions to make every phase of the clinical trial process more efficient. With the people, insight and focus on operational excellence, we work With HeartTM every day to treat patients with dignity and continuously learn from their experiences, so every trial makes a difference. For more information, visit parexel.com. Community Guidelines Because Parexel’s social media channels are open to the general public and employees, we are not responsible for views expressed other than our own. However, we do not tolerate posts that are: • Abusive, harassing or threatening to others. • Defamatory, offensive, obscene, vulgar or depicting violence. • Hateful targeting by race/ethnicity, age, color, creed, religion, gender, sexual preference or orientation, nationality or political beliefs. • Sexually explicit or pornographic. • Fraudulent, deceptive, libelous, misleading or unlawful. • Referencing criminal or illegal activity. • Spamming. We reserve the right to remove any comments that do not adhere to our guidelines as well as report users who violate the rules of our page.
