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Analyst - General Ledger & Fixed Assets

Mumbai, MH
Job Code:
  • Manufacturing & Production
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Job Details

State the primary function or overall purpose of your position.Coordinate and reconcile bank statement activity to general ledger accounting activity for Eaton business units bank accounts and legal entities, ensuring and maintaining data integrity consistent with local GAAP and companys financial policies.List the essential functions (i.e. key responsibilities with expected end results), which must be accomplished in order to fulfill the purpose of your position as described above.Compare cash receipt and disbursement activity on general ledger and bank statements. The incumbent identifies any activity not appearing on both mediums as a reconciling item.Discuss and seek to resolve, with bank and/or Eaton personnel, discrepancies between the bank and general ledger, which require corrective action.Provide the bank reconciliations and supporting documentation to the Treasury, Financial Accounting, Payroll, Accounts Receivable and Accounts Payable Departments as well as to Divisions for the purpose of clearing reconciling items as necessary.Trace reconciling items from the general ledger back to originating entries and evaluate the validity of correcting entries with the transaction originator.Provide assistance in the resolution of issues related to cash transactions, requiring the ability to effectively research transactions and recognize procedural and other errors.Collect and coordinate, on a monthly basis, bank statements and related supporting documentation from banks, Divisions and internal Accounting Departments. Includes the need to use on-line banking systems to obtain and investigate bank account information.Provide assistance in the escheatment process by the coordination, identification and proper resolution of old outstanding checks.Coordinate and assist with interim and year-end Ernst & Young testing of general ledger cash balances.Ensure compliance to Z-7 policy of Eaton financial policy, Sarbanes Oxley Act Electronic Audit EvidenceTrain new members on the Cash Management processAbility to understand numbers, interpret and analyze results to drive resolution of open items in the reconciliationsEnsuring compliance to internal controls by working with relevant stakeholders like treasury, accounts payable, accounts receivable to drive adherence to companys policies as well as applicable statutesActively participate in continuous improvement programs and committees.Maintain positive relationships with customers, both internal & external. Ensure professional and appropriate communications.Know and comply with Eaton policies Global Ethics, Values and Philosophy, Management Environmental Safety and Security and Health (MESH).Other activities assigned by supervisor or special requirements from management or company.Basic Qualifications (Including Educational Requirements)This position is responsible to properly analyze, revise and report accurate financial information for specific cash accounts.Aged items outstanding in reconciliations > 30 daysNo of reconciliations per FTEDescribe any specialized knowledge or skill (e.g., technical, scientific, administrative, managerial), which your position requires.Basic Requirements Bachelors Degree in Accounting, Finance or related field from an accredited institution required 5-7 years of relevant experience in Accounts payable domain BPO/Customer service industry experience essential, preferably captive shared service experience Strong verbal and written communication skills. Structured approach to problem solving and ability to analyze a situation to identify the root cause Good knowledge of internal controls especially SOX requirements Ability to work within a team environment ERP knowledge preferably SAPPosition Criteria Strong accounting knowledge Local GAAP, US GAAP or IFRS Sound MS Office skills (Excel, PowerPoint, Access, Word) required Good Accounting knowledge Strong customer service orientation Structured approach to problem solving and issue resolution Ability to apply accounting system expertise to troubleshoot financial system problems, resolve customer issues and implement new solutions. Attention to detail and a high level of accuracy. Ability to consistently meet deadlines.
Additional Degree: BA (Arts) | B.Com. (Commerce) | B.Pharm. (Pharmacy) | B.Plan. (Planning) | B.Sc. (Science) | BBA/ BBM/ BBS | BCA (Computer Application) | Diploma-Other Diploma | B.Ed. (Education) | BHM (Hotel Management)

Experience: 5-7


Audit & Risk | Cost Accounting/ ICWA | ICWA
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