Key Responsibilities:

- Experience with process deliverables and change management initiatives.

- Manage high volumes of Intercompany AP and AR transactions across multiple legal entities.

- Support process improvement initiatives, standardization activities, and implementation of new processes.

- Provide process guidance and support to junior team members.

- Ensure adherence to company policies, accounting standards, and internal controls.

- Support global stakeholders on Intercompany AP and AR operational activities.

Primary purpose of this position:

- Process Intercompany Accounts Payable and Accounts Receivable transactions accurately and timely across global entities.

- Review and validate Intercompany invoices, debit notes, credit notes, chargebacks, allocations, and settlements.

- Ensure timely recording, matching, and settlement of Intercompany transactions in accordance with agreed service levels.

- Perform Intercompany account reconciliations and balance confirmations to ensure accuracy and completeness.

- Investigate and resolve Intercompany discrepancies, invoice disputes, unmatched items, and aging balances in a timely manner.

- Monitor outstanding Intercompany receivables and payables and drive timely settlement of open balances.

- Support monthly, quarterly, and annual financial close activities, including accruals, reconciliations, reporting, and settlements.

- Analyze Intercompany transaction trends, variances, and exceptions to identify potential issues and improvement opportunities.

- Collaborate with Procurement, Accounts Payable, Treasury, Tax, Logistics, Supply Chain, and Business stakeholders to ensure consistency in Intercompany processes.





- Act as a key contact between global affiliates and business units to facilitate communication and issue resolution.

- Maintain accurate and up-to-date documentation of Intercompany agreements, invoices, settlements, reconciliations, and supporting records.

- Ensure compliance with accounting policies, procedures, internal controls, and regulatory requirements.

- Prepare and distribute periodic reports on Intercompany AP & AR activities, aging, settlement status, and key performance indicators.

- Demonstrate the ability to prioritize work, manage process activities, and support junior team members.

- Identify and implement opportunities for automation, standardization, and continuous process improvement.

- Communicate accounting procedures and Intercompany requirements effectively to finance and non-finance stakeholders.

Main Accountability or KPIs:

- Ensure timely and accurate processing of Intercompany invoices, settlements, and reconciliations.

- Achieve invoice processing, reconciliation, and settlement targets in accordance with service level agreements.

- Monitor and reduce aged Intercompany receivables, payables, and unresolved open items.

- Ensure timely completion of Intercompany balance confirmations and account reconciliations.

- Maintain compliance with PCAOB controls, company policies, and audit requirements.

- Ensure accuracy and completeness of transaction processing, reporting,



and financial data.

- Analyze transactional details and provide timely resolution to stakeholder inquiries.

- Research transactions in SAP and supporting systems to identify and resolve processing issues.

- Drive continuous process improvement initiatives and operational excellence.

This reflects management's assignment of essential functions; it does not prescribe or restrict responsibilities that may be assigned.

Qualifications:

- Bachelor's Degree in Accounting, Finance, Commerce, or related field.

- Proven experience in Accounts Payable, Accounts Receivable, Intercompany Accounting, Financial Operations, or Shared Services.

- Strong knowledge of accounting principles, financial processes, and Intercompany accounting.

Work Experience

- 5 to 8 years business related process experience preferred

Knowledge/Skills Requirements:

- Strong knowledge of Intercompany AP & AR processes, reconciliations, settlements, and financial controls.

- Good understanding of accounting principles, month-end close activities, and financial reporting.

- Advanced proficiency in Microsoft Excel and working knowledge of PowerPoint.

- End-user knowledge of SAP, CFIN, Basware, Blackline, SAP Group Reporting, and ServiceNow.

- Robust analytical, problem-solving, and stakeholder management skills.

- Excellent communication and customer-service orientation with the ability to work across global teams.

- Ability to manage multiple priorities, meet deadlines, and work independently.

- Strong understanding of PCAOB, IFRS, and internal control requirements.

- Experience driving process improvement, automation, and standardization initiatives.

📌 Intercompany Sr. Accountant (Bengaluru)
🏢 Somani Technologies
📍 Bengaluru