Accounting Specialist
Honeywell
Launch innovations in nearly every commercial and defense aircraft platform
Key Responsibilities
Critical activities of the job
InterCo • Responsible for supporting Honeywell SBG Specific Intercompany activities
• Need end to end understanding of Intercompany cycle/workstreams, including Intercompany Accounting, Intercompany Reporting, FX Hedging, IC Settlements & Policy Compliance
• Month end reconciliation for accurate month end reporting.
• Ensure Inter Co accounts are analyzed for aged imbalances and action plan being timely documented and makes sure account reconciliations are delivered with quality.
• Identify and resolve month-end close issues and material differences.
• Cleanse IC master data for obsolete trading partners.
• Work on resolving out of balances, and ensure entities line up to IC policy and procedures.
• Analysis of the IC GL accounts on a periodical basis, including policy enforcement.
• Ensure Interco practices are compliant to locations supported
• Manage Intra-company and resolution of Equity reporting for cross company transactions for multi-SBG entities.
• Manage and propose appropriate corrections to GRIR account working alongside controllers and procurement.
• Be the focal point to co-ordinate Corp recharges, including coding and recording
• Monitor Interco queues; act as tier 2/3 resolution/coordinator
• Ensure month-end discrepancies are resolved and closed out within the set timelines.
• Focus on relevant metrics and develop action plans based on metric outcome.
• Reduce exceptions through root cause analysis and implementation of solutions.
• Build effective working relationships with business contacts.
• Act as Subject matter expertise (SME) and help drive process re-engineering & transformation efforts.
• Work closely with key stakeholders like controllers, CFLs/RFLs, and other SBG Inter Co. contacts
• Reduce exceptions through root cause analysis and enforce standardization, unless inevitable due to local legal compliances.
Education and Certifications • MBA Finance and B. Com or CA/CMA/CS Intermediate Level
Required Experiences • 4 + years of overall finance experience.
• Finance or Accounts graduate. Must have worked in finance domain for at least 7+ years
• Minimum 4+ years of experience in Accounting.
Knowledge and Skills Critical
• Hands on experience with SAP GL, AR & AP and Data analytics tools
• Preferable Work experience on consolidation platforms like Hyperion Reporting systems.
• Good knowledge of Inter Company billing concepts, processes & best practice.
• Good knowledge of US and/or other GAAPs.
• Strong technical and analytical skills.
• Knowledge of R2R concepts, processes, best practices and value addition process initiatives and execution, & Banking domain expertise.
• Excellent communication and interpersonal skill are desirous.
Preferable
• Exposure to full close processes for a multi-national group.
• Proactive, ability to use own initiative and partner to devise creative solutions.
• Having an audit experience will be an added advantage.
• Strong knowledge of MS Office (Word, Excel, PowerPoint).
• Flexibility to work shifts & exposure to global customers.
Additional Information
Key Responsibilities
Critical activities of the job
InterCo • Responsible for supporting Honeywell SBG Specific Intercompany activities
• Need end to end understanding of Intercompany cycle/workstreams, including Intercompany Accounting, Intercompany Reporting, FX Hedging, IC Settlements & Policy Compliance
• Month end reconciliation for accurate month end reporting.
• Ensure Inter Co accounts are analyzed for aged imbalances and action plan being timely documented and makes sure account reconciliations are delivered with quality.
• Identify and resolve month-end close issues and material differences.
• Cleanse IC master data for obsolete trading partners.
• Work on resolving out of balances, and ensure entities line up to IC policy and procedures.
• Analysis of the IC GL accounts on a periodical basis, including policy enforcement.
• Ensure Interco practices are compliant to locations supported
• Manage Intra-company and resolution of Equity reporting for cross company transactions for multi-SBG entities.
• Manage and propose appropriate corrections to GRIR account working alongside controllers and procurement.
• Be the focal point to co-ordinate Corp recharges, including coding and recording
• Monitor Interco queues; act as tier 2/3 resolution/coordinator
• Ensure month-end discrepancies are resolved and closed out within the set timelines.
• Focus on relevant metrics and develop action plans based on metric outcome.
• Reduce exceptions through root cause analysis and implementation of solutions.
• Build effective working relationships with business contacts.
• Act as Subject matter expertise (SME) and help drive process re-engineering & transformation efforts.
• Work closely with key stakeholders like controllers, CFLs/RFLs, and other SBG Inter Co. contacts
• Reduce exceptions through root cause analysis and enforce standardization, unless inevitable due to local legal compliances.
Education and Certifications • MBA Finance and B. Com or CA/CMA/CS Intermediate Level
Required Experiences • 4 + years of overall finance experience.
• Finance or Accounts graduate. Must have worked in finance domain for at least 7+ years
• Minimum 4+ years of experience in Accounting.
Knowledge and Skills Critical
• Hands on experience with SAP GL, AR & AP and Data analytics tools
• Preferable Work experience on consolidation platforms like Hyperion Reporting systems.
• Good knowledge of Inter Company billing concepts, processes & best practice.
• Good knowledge of US and/or other GAAPs.
• Strong technical and analytical skills.
• Knowledge of R2R concepts, processes, best practices and value addition process initiatives and execution, & Banking domain expertise.
• Excellent communication and interpersonal skill are desirous.
Preferable
• Exposure to full close processes for a multi-national group.
• Proactive, ability to use own initiative and partner to devise creative solutions.
• Having an audit experience will be an added advantage.
• Strong knowledge of MS Office (Word, Excel, PowerPoint).
• Flexibility to work shifts & exposure to global customers.
Additional Information
- JOB ID: HRD260793
- Category: Finance
- Relocation Tier: Not Applicable
- Security Clearance:
- Aviation Authority (FAA for US):
- Band: 03
- Referral Bonus: 15000
- Requisition Type: Standard Requisition
- US Citizenship:
- FLSA Statement:
- FLSA CODE: Exempt
JOB SUMMARY
Accounting Specialist
Honeywell
Bengaluru
3 days ago
N/A
Full-time
Accounting Specialist