03 Aug
|
Bolla Oil
|
India
Company, you work.
Bolla is a premier Wholesale and Retail Motor Fuel (MF) supplier in Metro New York and New Jersey areas. In addition, it also has a Transport department that hauls Motor Fuel in both New York and New Jersey areas.
Currently it operates close to 200 Retail Gas Stations with Convenience Stores (C-Stores) and supply MF to another 100 Wholesale Dealers with over a Billion dollars in revenues and employs over 1200 Team Members.
Besides the Motor Fuel business, Bolla is also into construction activity as well. We build Ultra-Modern and upscale Gas Stations with C-Stores.
Bolla partners with major food chains like Burger King, Tim Horton, Pizza Hut, and Subway.
Role Overview
We are seeking a highly skilled and detail-oriented GL Accountant to lead our general ledger, reconciliations, and intercompany accounting processes. This role will be responsible for ensuring accurate financial reporting, driving process improvements, and managing a small team to support global accounting operations.
Key Responsibilities
Reconciliations & Reviews
· Verify payroll postings in SAP weekly.
· Validate rent income and expenses in SAP (ACH, checks, other modes).
· Post and reconcile ACH transactions for intercompany transfers and bank charges/credits.
· Reconcile corporate credit card accounts and post journal entries for charges and unaccounted transactions.
· Prepare and review journal entries for accruals, adjustments, and corrections.
· Ensure timely and accurate month-end and year-end closings.
Analysis & Schedules
· Allocate and analyse Management Fee and Bolla Management expenses to operating companies.
· Perform intercompany reconciliations (Due To/Due From) across group entities, ensuring accurate consolidation.
· Reconcile accrued/deferred franchise fees, market brand, and local fund accounts related to restaurant sales.
· Prepare and analyze Rebate Accruals and Loyalty Program Accruals for wholesale and operating companies.
· Assist with internal and external audits, preparing required schedules and supporting documentation.
Leadership & Process Ownership
· Oversee the Fixed Asset Register – capitalization, tagging, depreciation, and disposals.
· Manage Depreciation & Amortization for tangible and intangible assets.
· Supervise reconciliation of key GL accounts (payroll, accruals, prepaids, tender modes).
· Reconcile multiple payment methods (cash, credit cards, UPI, wallets) with sales and POS data.
· Lead process improvement initiatives to streamline GL accounting and reporting.
· Mentor and guide junior accountants, fostering a high-performing team culture.
Preferred Qualifications
· Bachelor’s or Master’s in Finance/Accounting; CA, CPA, or CMA preferred.
· 5+ years of GL accounting experience, with at least 2 years in a leadership role.
· Strong knowledge of accounting standards (IFRS, GAAP).
· Hands-on experience with SAP (or equivalent ERP).
· Advanced reconciliation and analytical skills.
· Excellent communication, problem-solving, and team management abilities.
Technical Skills:
· Robust proficiency in Microsoft Excel (Pivot Tables, VLOOKUP, Financial Modelling).
· Knowledge of financial statements (Income Statement, Balance Sheet, Cash Flow).
· Experience with financial software/tools (SAP, QuickBooks, Bloomberg, or any ERP system).
· Basic understanding of accounting principles and financial regulations.
Analytical & Problem-Solving Skills:
· Ability to analyze financial data and identify key insights.
· Strong attention to detail for accuracy in reports.
· Understanding of risk assessment and investment analysis.
Soft Skills:
· Good communication skills for presenting financial data.
· Strong organizational skills to manage multiple tasks efficiently.
· Team player with the ability to collaborate across departments.
· Time management to meet reporting deadlines.
Why Join Us?
· Work on multi-entity, cross-border accounting in a fast-growing global organization.
· Exposure to U.S. operations, intercompany accounting, and international compliance.
· Lead and innovate in process improvements with growth opportunities.
· Competitive compensation with a collaborative work culture.
Join Bolla’s Finance & Accounting team in Hyderabad and take ownership of General Ledger excellence.# GL Accountant # Finance Jobs # Hyderabad Careers
Job Type: Full-time
Pay: ₹400,000.00 - ₹700,000.00 per year
Benefits:
- Health insurance
- Provident Fund
Application Question(s):
- List out the tasks taken up in the previous organization with years of experience.
Education:
- Bachelor's (Preferred)
Experience:
- Accounting: 3 years (Required)
- total work: 4 years (Required)
Work Location: In person
📌 GL Accountant (India)
🏢 Bolla Oil
📍 India