IC Senior Process Associate

Role : IC Senior Process Associate

Location: Pune, India

Life Unlimited. At Smith+Nephew, we design and manufacture technology that takes the limits off living.

We are seeking an experienced finance professional to be part of the intercompany process for Smith+Nephew GBS. The role would cut across a wide span of activities within Intercompany processes and would be fully involved in the Intercompany process acquisition to implement a range of initiatives focused on the successful integration within the S+N GBS. This will include adapting the way we process invoices, needing a lot of deep dive analysis to fix the issues cutting over multiple ERP systems. The person will work closely with collaborators from various departments and is encouraged to take full ownership of delivering initiatives related to the intercompany process. The person should have deep understanding on overall P2P, GRIR, GL postings, intercompany reconciliation, and passing the adjustment entries if needed. This is a key business-facing role in the EMEA Entity. This role involves building and managing relationships with meaningful collaborators, including Board members and their assistants. Responsibilities include managing schedules, handling administrative tasks, and maintaining confidentiality. The incumbent in this role reports to IC Team Lead.

What you will be doing?

• Primarily responsible for intercompany transactions and preparation of JE's related to cross charges and chargebacks within the organization.
• Ensures that transactions are documented, in compliance with group standards and, where relevant, Sarbanes Oxley requirements.
• Preparation of financial reports and posting accrual entries based on the report to reflect the effect in the current period financial documents.
• Preparation of intercompany debit notes and charging it back to respective entities for settlements.
• Preparation of Intercompany Reconciliation AP and AR to ensure the differences are identified and resolved before the next period.
• Preparing reclass entries as per client request, including the preparation of the working file for GIT Accruals.
• Preparation of balance sheet reconciliation, identifying the aged debt transactions, and following up for closure with a detailed reasons and action plan.
• Work on GRIR activities to understand the reasons for the difference in GRIR, and work towards resolving the difference by following up with relevant customers internally with the SNN subsidiary.
• Handled routine and Adhoc queries from management and operational teams.
• Closely monitoring AP transactions to avoid wrong payments and verifying all Intercompany third-party transaction entries to avoid incorrect booking.
• Prepares GL reconciliations for critical accounts and highlights any discrepancies.
• Creating and maintaining a knowledge base of service delivery content based on reusable information and SOP.
• Involved in month-end activities – intercompany Subledger closure with the agreed SLA and timeliness. Involved in HFM reporting for submitting the balances before book close.
• The successful candidate will be expected to collaborate with different teams, external suppliers, and the operations team to gather inputs that contribute to enhancing operational efficiency.
• Perform ad hoc analyses and support urgent requests, including managing highly sensitive situations with respect to processes following the compliance map.

What do you need to be successful?

• Candidates with a master's degree in accounting & finance or equivalent experience are preferred.
• Min 4-5 years of R2R experience—experience in intercompany and GRIR is a plus.
• Experience in SAP and HFM (Hyperion Financial Management) is an added advantage.
• Demonstrates experience in analyzing financial data, drawing sound conclusions, and developing proposals/solutions.
• Experience of the month-end reporting (MEC) and control frameworks.
• Prior experience in Balance sheet reconciliation, GIT/CIT & IC Netting is good to have.
• Ability to think creatively and approach transaction processing with an unexpected perspective to resolve ambiguity.
• Should possess a good problem-solving skill.
• Good English communication skills, written and verbal.
• Should be flexible to work month-end schedules and different shifts.
• Excellent Interpersonal Skills
• Physical Demands: Flexible to work in any shift

You Unlimited.

We believe in crafting the greatest good for society. Our strongest investments are in our people and the patients we serve.

Inclusion, Diversity and Equity- Committed to Welcoming, Celebrating and Thriving on Diversity, Learn more about Employee Inclusion Groups on our website (https://www.smith-nephew.com/).

Other reasons why you will love it here!

• Your Future: Major Medical coverage + Policy exclusions and insurance non-medical limit. Educational Assistance.
• Work/Life Balance: Flexible Personal/Vacation Time Off, Privilege Leave, Floater Leave.
• Your Wellbeing: Parents / Parents in Law’s Insurance (Employee Contribution of 8,000/- annually), Employee Assistance Program, Parental Leave.
• Flexibility: Hybrid Work Model
• Training: Hands-On, Team-Customized, Mentorship
• Extra Perks: Free Cab Transport facility for all employees, One Time Meal provided to all employees as per shift. Night Shift Allowances.

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