GE Accounting Associate in Bangalore, India
GE Global Operations
Global Operations Asia
GE is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. Through our people, leadership development, services, technology and scale, GE delivers better outcomes for global customers by speaking the language of industry.
Posted Position Title
Location(s) Where Opening Is Available India
This position will be part of IBS COE, giving a good overview of Interco invoicing, accounting & payment process in GE. You’ll be involved in intercompany billing process, collections, payment processing, account recon, ensure adherance to banking & other regulatory compliances as required. You will also support US GAAP closing process of GE India businesses.This role will help to understand accounting policies of GE & Indian GAAP/tax laws, other regulatory compliances like RBI/STPI/FEMA etc.
Handle the manual and systematic intercompany transactions between multiple entities including but not limited to raising intercompany invoices (in ERP and / or in Internal billing system). Payments follow-up, invoice accounting & payment processing, withholding tax certificate follow-up, invoice rejection / hold resolution, query resolution with respective internal stake holders and other statutory and regulatory compliance activities.
Reconcile total company intercompany balances, as well as being the conduit between all entities for intercompany transactions. The position will report to Team Leader – IBS CoE. They will be responsible for understanding and reconciling the details of all intercompany transactions. This will include developing and maintaining standard policies and practices for existing and newly acquired organizations. They will also be tasked with driving systematic solutions to increase efficiency in the area of intercompany accounting. This will require developing an understanding of various ERPs and IBS system and their accompanied interfaces. Also assist the Other Global Operations and Business Team with period close accounting and reporting responsibilities.
Reconcile transactions between all separate legal entities for internal and external reporting. Including, but not limited to: inventory transfers, sales, COGS, financing, payroll, and intercompany payables/receivables.
Assist team on projects relating to driving efficiencies in reporting. Month end work including preparation of journal entries, account reconciliations, and completion of other ad hoc requests. Assist with the preparation of periodic leadership review decks. Participation in compliance reviews and maintenance.
B.com / M.com – One to three years of progressive accounting experience.
Working knowledge of Microsoft Office
Knowledge of ERP (SAP / Oracle) will be an added advantage
• Must be a highly motivated self-starting individual who can use their work experience to reconcile transactions
• Requires strong analytical skills, ability to multi-task, and ability to learn new systems quickly
• Ability to read, analyze, and interpret information
• Ability to handle business correspondences
• Ability to effectively present information and respond to questions
• Strong organizational skills with the ability to perform multiple tasks in a fast-paced environment, consistently meeting deadlines with accurate and detailed results.