General Ledger Accounting

2 days ago

Mumbai, India UPS India Full time

Explore your next opportunity at a Fortune Global 500 organization. Envision innovative possibilities, experience our rewarding culture, and work with talented teams that help you become better every day. We know what it takes to lead UPS into tomorrow—people with a unique combination of skill + passion. If you have the qualities and drive to lead yourself or teams, there are roles ready to cultivate your skills and take you to the next level.

Job Description:

Job Summary

TThe General Ledger Accounting - Specialist is responsible for general ledger activities, month-end closing process, preparing reconciliations and resolution of open items, assist with Audits, support for tax filling and act as team lead for GL team.

Job Responsibilities

Statutory & Internal Compliance

  • Invoicing for Intercompany transaction and ensure GST compliance.
  • Reconciliation between GST return with Books and propose necessary changes.
  • Provide relevant information as per requirement of GST audit.
  • Ensures compliance with Local IndAs; timely closure of Statutory & Tax audit; support tax team for all tax audits and ITR filling.
  • Advance tax working & TDS compliances.
  • Liaison with Internal auditor and corrective action on audit findings.
  • Balance Sheet quality check and review with management.

IndAs requirements - Local and International

  • Responds to account verification requests from districts to ensure costs are assigned to proper accounts.
  • Identifies subject matter experts to assist administrative assistants in resolving reconciliation problems.
  • Reviews accounting work processes to improve efficiencies.
  • Resolves Accounting issues / problems.
  • Creates Monthly and Quarterly Financial Reports; manages Inter-Company financial settlements.

Manages Inter-Company Financial Settlements

  • Maintains a database of inter-company charges and credits between corporate and international districts to validate financial transactions.
  • Co-ordination with IC partners for reconciliation and closure of open item
  • Determines appropriate financial settlements to be made.
  • Examines production variances to clarify gaps between operations reports and general ledger results.
  • Initiates and processes journal entries to finalize monthly cost results.

Closes Monthly General Ledger Accounts

  • Receives and loads journal entries to ensure entries are assigned to proper accounts.
  • Requests journal entry corrections to ensure awareness and correction of mistakes.
  • Notifies districts of closing entry adjustments on high priority accounts (e.g., vacation expense, health and welfare costs, etc.) to ensure changes occur in timely manner.
  • Maintains all closing checklist adequately and Forwards journal incident reports to districts to allow for tracking of monthly closing errors.

Prepares and assist with review of Monthly Reconciliations

  • Verifies reconciliation ending balances to ensure the general ledger balances.
  • Reviews and investigates accounts with large monthly variances to understand charges and reasons for occurrence.
  • Reports large monthly variances to Corporate Accounting to ensure awareness of cost impact.
  • Verifies all reconciliations adhere to due date requirements to ensure approvals occur in timely manner.
  • Reconciles items greater than thirty days to ensure they are resolved for monthly reporting.

Leads team

  • Assist team members with understanding of IndAs requirements; new accounting policies.
  • Liase with International work groups like WWF; District and have periodic calls; resolve issues.


 

Job Specific Competencies

Accounting Knowledge

  • Applies general accounting theory, principles, and practices as determined by regulatory authorities.
  • Demonstrates a broad business and accounting knowledge; describes methods in compliance with Generally Accepted Accounting Principles (IndAs).
  • Applies standard IndAs methods; makes recommendations to improve practices or procedures in compliance with IndAs.
  • Evaluates compliance to IndAs methods; applies accounting knowledge to complex or unusual contexts; establishes company accounting controls and procedures; anticipates and addresses the impact of new accounting practices.

Detail Orientation

  • Plans and completes work with thoroughness, giving attention to specific information, and individual details, conditions, necessary record keeping, and elements of that work.
  • Develops plans that balance details and the “big picture”; adapts the level of detail required for a given audience and the purpose; completes work with thoroughness; maintains records and information in an organized manner; audits available information for inconsistencies; maintains documentation that support the completion of work and retention of details/decisions.

Qualification

  • Chartered Accountant with 2-3 year’s experience.


Employee Type:
 

Permanent


UPS is committed to providing a workplace free of discrimination, harassment, and retaliation.

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