- Manage and oversee day-to-day General Ledger accounting activities.
- Ensure accurate and timely recording of journal entries.
- Review and approve journal entries, accruals, provisions, and adjustments.
- Ensure proper maintenance of the General Ledger and sub-ledger accounts.
- Perform monthly, quarterly, and annual GL closing activities.
- Ensure accuracy of financial transactions and accounting records.
B. Month-End and Year-End Closing
- Lead and coordinate month-end, quarter-end, and year-end closing processes.
- Ensure timely completion of financial close activities within the defined timelines.
- Review balance sheet reconciliations and investigate discrepancies.
- Ensure appropriate accruals, prepayments, provisions, and reclassifications.
- Prepare and review financial reports and schedules.
C. Reconciliation and Reporting
- Review and ensure timely completion of:
- Bank reconciliations.
- Balance sheet reconciliations.
- Intercompany reconciliations.
- Fixed asset reconciliations.
- Accrual and prepaid expense reconciliations.
- Investigate and resolve outstanding reconciling items.
- Prepare monthly financial statements and management reports.
- Ensure accuracy and completeness of financial data.
D. Team Management
- Manage, guide, and mentor the GL accounting team.
- Allocate responsibilities and monitor daily deliverables.
- Review team performance and ensure productivity.
- Provide technical accounting guidance to team members.
- Identify training requirements and support team development.
- Ensure adherence to process timelines and quality standards.
E. Compliance and Audit
- Ensure compliance with applicable accounting standards (Ind AS / IFRS / US GAAP, as applicable).
- Coordinate with internal and external auditors.
- Support statutory and financial audits.
- Maintain proper documentation and audit trails.
- Ensure compliance with internal financial controls and company policies.
- Identify process gaps and implement corrective actions.
F. Process Improvement
- Identify opportunities to streamline GL accounting processes.
- Drive automation and standardization of accounting activities.
- Improve financial close timelines and reporting accuracy.
- Implement best practices and strengthen internal controls.
- Coordinate with AP, AR, Fixed Assets, Tax, and other finance teams.
2. Key Skills Required
- Strong knowledge of General Ledger accounting.
- Expertise in month-end and year-end closing.
- Experience in balance sheet reconciliations.
- Knowledge of Ind AS / IFRS / US GAAP.
- Financial reporting and analysis.
- Team management and stakeholder management.
- ERP knowledge (SAP, Oracle, Microsoft Dynamics).
- Advanced MS Excel skills.
- Robust analytical and problem-solving abilities.
3. Key Performance Indicators (KPIs)
KPI
Expected Outcome
Month-end closure
Timely completion
Journal entry accuracy
Minimal errors
Balance sheet reconciliation
100%25 completion
Audit observations
Minimum findings
Reporting accuracy
Error-free reporting
Process improvement
Improved efficiency
Team productivity
Achievement of SLAs
4. Qualifications and Experience
- Bachelor's degree in Commerce, Accounting, or Finance.
- CA / CMA / MBA Finance (preferred).
- Typically 8–12 years of experience in finance and accounting.
- Relevant experience in GL accounting and financial reporting.
- Prior experience managing or leading a finance GL team.