BS remediation Project

Key Responsibilities

1. Reconciliation Preparation

• Prepare end-to-end balance sheet reconciliations for assigned accounts (GL vs sub-ledger/source systems).
• Ensure completeness, accuracy, and proper substantiation of account balances.
• Follow standardized templates and reconciliation formats (e.g., BlackLine, ARCS).
• Meet strict month-end, quarter-end, and year-end deadlines.

2. Supporting Documentation & Validation

• Compile and attach appropriate supporting documents for each reconciliation.
• Validate balances using system data, reports, and schedules.
• Ensure all reconciling items are clearly explained and appropriately categorized.

3. Open Items & Ageing Management

• Identify, investigate, and track reconciling differences.
• Maintain ageing analysis of open items and ensure timely follow-ups for closure.
• Flag long-outstanding and high-risk items to reviewers/management proactively.

4. Issue Resolution & Coordination

• Coordinate with internal teams (R2R, P2P, O2C, Treasury, etc.) to resolve discrepancies.
• Perform root cause analysis for recurring reconciling differences.
• Support implementation of corrective actions and process fixes.

5. Controls & Compliance

• Ensure adherence to internal control frameworks (SOX/ICFR guidelines where applicable).
• Maintain proper audit trails and documentation for reconciliations.
• Support internal and external audits by providing required data and explanations.

6. Quality & Process Adherence

• Ensure all reconciliations meet defined quality standards with minimal review comments.
• Adhere to SOPs, client-specific guidelines, and reconciliation policies.
• Proactively identify process gaps and suggest improvements.

7. MIS & Reporting Support

• Update reconciliation trackers and dashboards with accurate status.
• Provide inputs for reporting metrics such as:
  • Reconciliation completion status
  • Open items ageing
  • Pending action items
• Support reviewers and managers during governance reviews.

8. Continuous Improvement & Automation

• Identify opportunities for standardization and automation.
• Support implementation of tools and process enhancements.
• Participate in transformation initiatives (e.g., reconciliation automation tools).

Key Skills & Competencies

• Strong understanding of Balance Sheet Reconciliations and GL Accounting
• Basic knowledge of R2R processes and financial reporting
• Analytical thinking and problem-solving ability
• Attention to detail and strong documentation skills
• Working knowledge of reconciliation tools (BlackLine / ARCS / Excel-based recs)
• Ability to manage deadlines and handle multiple accounts
• Good communication and stakeholder coordination skills

• B.Com / M.Com / MBA (Finance) / CA Inter (preferred)
• 3–7 years of experience in finance & accounting, with exposure to reconciliations
• Experience in shared services / outsourcing environment preferred