Description
The Reconciliation Preparer (LAM Level) is responsible for preparing accurate and timely balance sheet reconciliations, ensuring completeness of supporting documentation, and identifying discrepancies for resolution. The role requires solid analytical skills, understanding of accounting principles, and collaboration with cross-functional teams to ensure financial integrity.
Responsibilities
Key Responsibilities
1. Reconciliation Preparation
- Prepare end-to-end balance sheet reconciliations for assigned accounts (GL vs sub-ledger/source systems).
- Ensure completeness, accuracy, and proper substantiation of account balances.
- Follow standardized templates and reconciliation formats (e.g., BlackLine, ARCS).
- Meet strict month-end, quarter-end, and year-end deadlines.
2. Supporting Documentation & Validation
- Compile and attach appropriate supporting documents for each reconciliation.
- Validate balances using system data, reports, and schedules.
- Ensure all reconciling items are clearly explained and appropriately categorized.
3. Open Items & Ageing Management
- Identify, investigate, and track reconciling differences.
- Maintain ageing analysis of open items and ensure timely follow-ups for closure.
- Flag long-outstanding and high-risk items to reviewers/management proactively.
4. Issue Resolution & Coordination
- Coordinate with internal teams (R2R, P2P, O2C, Treasury, etc.) to resolve discrepancies.
- Perform root cause analysis for recurring reconciling differences.
- Support implementation of corrective actions and process fixes.
5. Controls & Compliance
- Ensure adherence to internal control frameworks (SOX/ICFR guidelines where applicable).
- Maintain proper audit trails and documentation for reconciliations.
- Support internal and external audits by providing required data and explanations.
6. Quality & Process Adherence
- Ensure all reconciliations meet defined quality standards with minimal review comments.
- Adhere to SOPs, client-
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