· Prepare Transfer pricing entries globally for all regions (Reseller, R&D, Cost plus) etc., and Stock taxes (Payroll recharges) uploading in the Oracle system and running various programs if the entries are integrated in the system like Accounts Receivables, Accounts Payables, General Ledger and generate Summary report for the same.
· Sending the TP and Stock taxes entries summary report to AP team for tax coding and processing and following up for confirmation.
· Action on the stuck invoices in the ledger that are not transferred to General Ledger or Subledger along with BT team and close the period post clean report.
· Extract ICO elimination report and checking on variances and proving comments and action points and sharing across with Global Process Owner ‘s and Regional Process Owner’s.
- Prepare and post Manual JEs for Cleanup of accounts, Write-off, Reclass entries and review accounting classifications, in accordance with generally-accepted accounting principles during month close and Quarter close.
· Responsible for global intercompany transactions, including transfer pricing, Stock Taxes, Payroll Recharges, ESPP, Intercompany loans, Intercompany funding, Intercompany royalty, and other non-product Intercompany charges.
- Support transfer pricing arrangements, intercompany loan agreements, and treasury agreements.
- Monitor intercompany balances and help identify resolutions when out of balance.
- Coordination with other intercompany partners to properly settle aged intercompany AR/AP balances.
- Prepares monthly balance sheet reconciliations (Blackline) and identifies and researches reconciling items
- Own primary responsibility for the fulfilment of audit (internal and external) requests, as needed
- Perform ad hoc reporting and analysis and investigate issues providing explanations and interpretation
- Assist with both internal and external audit requests.
- Document and test Standard Operation Procedures (SOP)
- Posts Intercompany journal entries on both sides for cross-company enabled locations and to one location if not cross-company enabled
- Works with appropriate accounting contact persons for Intercompany transactions not going through the tool (e.g. marketing charges, fees & commissions, royalties, loans, interest and dividend related transactions)
- Prepare and sign off settlement document on Quarterly basis.
- Coordinates with Treasury for any settlement requirements and provide supporting’s relating to Intercompany.
- Run the netting process and perform netting for Intercompany.
- Identify and escalate any gaps to enhance daily operations and improve SLA for month-end and year-end closing and reporting activities.
- Hands on experience in Tableau, Salesforce and/or Oracle reporting tool- reconciliations
- Experience in ERP migration (Oracle to Workday) , perform UATs and assist implementation and migration reconciliation and cleaning of accounts and supported in Data conversion.
- Maintains thorough documentation of all processes in compliance with SOX requirements.
- Preparation of Secondary ledger reconciliations and sending to SL team.
- Prepare and post-Secondary ledger (SL) entries in Oracle on a yearly basis.
- Check and confirm on the ICCA Interest accruals to the team.
- Coordinate with the Cash team for Cashless and FINCO settlements within same entity transactions.
- Review and provide FLUX commentary along with analysis and explanation for the increase and decrease in BS and PnL.
- Part of Workday testing and familiar with the functionalities and process.
Reconcile Subledger and General Leger balances for Intercompany and send across to teams if unreconciled and request the teams to correct or post the necessary entries.