Financial Reconciliation Executive

Executive - Recon - NSU

The position in discussion is with the Managed Services team, part of our Consulting team.

The KPMG Global Services (KGS) Consulting team is a diverse team of more than 6,400 professionals. We provide consulting services to KPMG Firms worldwide to support clients’ business transformation journeys across various industries. With capabilities such as Technology Enablement, Corporate Services, Customer and Operations, Cross Functional Services, Risk Services and Managed Services, our team is a varied mix of professionals with extensive skills and expertise.

Through your work, you’ll build a global network and unlock opportunities that you may not have thought possible with access to great support, vast resources, and an inclusive, supportive environment to help you reach your full potential.

 

As a firm, we are deeply committed to diversity, inclusion and equity at our workplace. We offer a safe and inclusive environment built on trust, where all our colleagues can bring their authentic selves to work and know that their uniqueness is valued. 

We prohibit unfair treatment of applicants and employees and discrimination on any ground, including but not limited to, caste, religion, color, ancestry, marital status, medical condition, sex, gender identity and/or expression, sexual orientation, age, nationality, cultural origin, family or parental status, defense veterans, physical, mental or sensory disability or any other status or characteristic protected by applicable Indian laws and regulations.

we are seeking a detail-oriented Executive with prior knowledge in Reconciliation to join our Finance & Accounting (F&A) team.

—The candidate will be responsible for reconciling financial transactions, identifying discrepancies, and ensuring the accuracy of financial records.—Deliver high standards of quality—Perform daily, weekly and monthly reconciliation of financial transactions, including bank, accounts payable, accounts receivable, and general ledger accounts.—Investigate discrepancies and variances, ensuring timely resolution and accurate financial reporting—Maintain reconciliation reports and documentation in compliance with internal controls and audit requirements.—Coordinate with internal and external stakeholders to resolve outstanding reconciliation issues.—Identify process improvement opportunities and suggest automation solutions to enhance efficiency—Ensure compliance with financial policies, accounting standards and regulatory requirements—Understand client policy and procedures and its application on engagement delivery.—Monitor actual performance against plan and make decisions to ensure business objectives are achieved.—Reporting of issues of concern and risk to KGS Leadership, and where appropriate, to the client on a timely basis and pro-actively ensuring problems/issues are identified and solved.—Active participation in operational excellence – Enable culture of continuous improvement through brainstorming and harnessing new ideas and solutions, evaluate opportunities for improvement and apply industry best practices and benchmarks and plan for contingencies and on-time delivery

Educational qualifications

•Bachelor’s degree in Finance or accounting degree  

Work experience

Min 1-5 yrs of experience in financial reconciliation, accounting or related roles

 

•Strong knowledge of reconciliation tools, accounting principles, and financial reporting•Proficiency in ERP systems and MS Excel (VLOOKUP, Pivot tables etc)•Excellent analytical and problem solving skills•Strong attention to detail and accuracy in financial data•Strong command and ease of business English (spoken and written), native preferred•Experience in shared services or outsourcing environments, especially in the Insurance, Banking and Asset Management industry is preferred•Audit experience a plus.•Strong presentation skills and ability to engage senior stakeholders•Familiarity with automation tools such as Power BI, Alteryx  or RPA solutions would be great to have•Knowledge of IFRS, GAAP and other accounting standards will be an added advantage•Awareness of the Regulatory & Compliance guidelines and other relevant legislation, procedures and processes•Preferred background in Financial services industry, with exposure to Banking Operations and Risk Management, under the ambit of  global service delivery set-up

Experience Level

Executive Level