About Function: The Subject Matter Stream is primarily responsible for month end closing along with providing oversight and control over day-to-day transactions, operations and activities, including the recording of revenue arising from transactions from various activities. The team performs 1st level control to ensure accurate and valuable quality data is used for reporting
Position Purpose
Subject Matter Stream (SMS) team ensures an accurate, reliable and comprehensive set of segmented financial data required to produce all reporting streams through the execution of the financial control plan and a strong oversight on upstream controls and data quality. It’s also responsible for month end closing along with providing oversight and control over day-to-day transactions.
The team performs various controls and correct accounting picture by posting accounting and extra accounting entries. The candidate will be responsible for posting journal entries,
performing controls on accounting ledger and supporting various entities with BAU and adhoc tasks
Responsibilities
Direct Responsibilities
Review the preparation and booking of daily/monthly entries (Accrual, Provisions, etc.)
Enforce controls to ensure data quality in ledgers.
Monitor reconciliation between source and general ledger and identify gaps.
Review daily transactional account activity/daily ledgers for posting errors and back-value transactions
Review ledgers and perform account and transaction analysis for a set of entities.
Analyze, reconcile, and review all accounts under their responsibility by performing a variance analysis of corresponding revenue/balance sheet items, highlighting trends, and following up on questions/ concerns
Prepares month-end substantiation and sign off balances along with relevant documentation for multiple legal entities.
Assists with audit requests from External Audit, Regulators and internal control teams.
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