AM- R2R & Reconciliations

Perform daily, weekly, and monthly account reconciliations to ensure accuracy and completeness of financial records.

Prepare and review balance sheet reconciliations for various GL accounts, including bank, intercompany, accruals, prepayments, fixed assets, payroll, taxes, and other accounts.

Compare General Ledger balances with sub-ledgers, supporting schedules, bank statements, and other source records and identify discrepancies.

Investigate and resolve reconciliation breaks, variances, unmatched transactions, and aged outstanding items.

Track and follow up on open reconciling items and ensure timely clearance within month-end deadlines.

Perform bank reconciliations, identify outstanding deposits, payments, bank charges, and other unmatched transactions, and coordinate for resolution.

Perform intercompany reconciliations, including matching intercompany receivables/payables and identifying differences between entities.

Reconcile AP and AR sub-ledger balances with the General Ledger and investigate differences.

Review accrual and provision accounts, validate supporting documents, and reconcile balances against underlying schedules.

Perform prepaid expense reconciliations and ensure proper amortization and accounting treatment.

Reconcile fixed asset registers with GL balances, including additions, disposals, depreciation, and transfers.

Prepare account reconciliation statements and supporting schedules for month-end and year-end closing.

Analyze GL movements and investigate unusual fluctuations, duplicate postings, missing entries, and incorrect accounting entries.

Prepare and post necessary adjustment, reclassification, accrual, and correction journal entries arising from reconciliation activities.

Maintain proper reconciliation documentation, supporting evidence, and audit trails for all assigned accounts.

Ensure all reconciliations are completed accurately and within defined timelines as part of the month-end close process.

Monitor aged reconciliation items and coordinate with AP, AR, Treasury, Payroll, Tax, and other teams for timely resolution.

Support internal and external audits by providing reconciliations, account schedules, transaction details, and explanations for reconciling items.

Perform periodic review of reconciliation accounts to identify long-outstanding items and potential control issues.

Ensure compliance with accounting policies, internal controls, and reconciliation procedures.

Identify opportunities to improve the reconciliation process, reduce manual effort, and improve accuracy and turnaround time.