Senior Analyst RTR- Intercompany - Pune, India - Eaton Corporation

Description

What you'll do:

The Intercompany Analyst is responsible to execute the Receivables and Payables ICO process; ensuring to be reliable and complies with the Company's Policies and procedures, legal guidelines, and tax requirements in a timely manner.

Transaction Processing :

• Verifies and reviews details (both sending and receiving) of intercompany requests received for chargebacks

• Determines appropriate Intercompany accounting details (e.g. GL accounts, Cost Objects, Transaction Type, Tax Code, Plant Code, etc.), to post the transactions

Posts Intercompany journal entries on both sides for cross-company enabled locations as applicable or to one location if not cross-company enabled basis the instructions for Non-po invoicing or recharges

• Monitors pending Intercompany recharges requests (either Sending or Receiving) and provides status updates to ICPs and followup

• Prepares accruals for recurring transactions (e.g. goods in transit and cash in transit) ensure to review the OOB report and perform the analysis on WD2/3. Book the OOB accruals as per policy threshold each month

• Ensures timely expense recognition (on both sides) for year-end Intercompany related accruals

Reconciliation:

• Performs preliminary and final netting reconciliations for all in scope sites/company codes to avoid Cash on account

• Resolves intercompany reconciling items (>90 days) within month-end reporting timelines

• Resolves intercompany reconciling items (below the threshold) within a two-month time frame.

• Ensure the appropriate followup for aged receivable and payables each month and provide aging schedule on monthly basis to capture the actions and commentary for each customer /vendor

• Prepares balance sheet reconciliations in ARCS and update the action plan for each aged item above 90 days and provide appropriate support for recons.

• Detailed understanding on AR and AP Processes and key areas such as Invoice management such as Holds, interface errors, Payment process including pay methods, pay terms etc.

Analysis:

• Perform the OOB analysis throughout month the reduce the past due invoices

• Perform the OOB Accruals on WD2 and ensure to follow for OOB

Settlement:

• Coordinates with Treasury for any settlement requirements such as flag off the invoices or removal of invoices from co-process to avoid COA

• Perform the AR and AP recons with treasury statements for Preliminary and final netting each month

Others

• Provides data to Audit requirements, ensure the ARCS audit support

• Identifies process improvement opportunities and implements related CI projects

• Perform the AR Balance confirmation and share email with counterparts to confirm their balances

• Support providing the balances confirmation for AP side for received emails until WD2

Qualifications:

Markview/Dolphin AP systems awareness or handling experience

Skills:

Reconciliation

• Basis Financial Analysis

• Basic Accounting Knowledge /Principles

• Financial Systems and Process

• Control Environment (SOX)

• Communication

Hands on knowledge on SAP /Oracle

Advance excel knowledge

Power BI queries will be added skills

Drives Innovation – Develops new insights into solutions that result in organizational improvements; promotes a work environment that fosters creative thinking, innovation and rational risk-taking

Collaborative with System, Customers and Key Stakeholders -

Act like an Owner – Focuses on the critical few objectives that add the most value to deliver results that meet or exceed expectations.

Inspire Others – Builds and maintains relationships that motivate, guide, and/or reinforce the performance of others toward goal accomplishments