Manager - Controllership and Cash Accounting

Manager, Controllership (L08)

Job Description:

Role/Title: Manager Controllership (L08)

Company Overview:

Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoors, pet and more.

• We have recently been ranked #2 among India’s Best Companies to Work for by Great Place to Work. We were among the Top 50 India’s Best Workplaces in Building a Culture of Innovation by All by GPTW and Top 25 among Best Workplaces in BFSI by GPTW. We have also been recognized by AmbitionBox Employee Choice Awards among the Top 20 Mid-Sized Companies, ranked #3 among Top Rated Companies for Women, and Top-Rated Financial Services Companies.

• We provide best-in-class employee benefits and programs that cater to work-life integration and overall well-being.

• We provide career advancement and upskilling opportunities for all to take up leadership roles.

Organizational Overview:

Controllership organization within Finance COE responsible to monitor day-to-day accounting activities involved in Synchrony business. Controllership mostly covers Cash Accounting, general accounting, client accounting, reconciliations, closing & reporting, system maintenance, and governance related sub-processes. Every process contributes to our quarterly & annual financial close process and ensure that we have accurate external reporting. 

Role Summary/Purpose:

This role will support Cash Accounting processes including daily balancing of Cash in Bank, Cash in Transit and suspense accounts, month-end close and analysis, and month-end reconciliations.  This role will assist with cash balancing process, projects, ad-hoc requests, and other duties as assigned.

Key Responsibilities:

• Perform daily balancing, including resolution of variances, and preparation of daily and  month-end reconciliation support.

• Research and resolve transaction variances for open items.

• Take part in process improvement ideas by collaborating with our internal cash team/RPA & BOT team.

• Work closely with various stakeholders and cross-functional teams on cash related tasks/deliverables

• Monitoring of all aged items in accordance with assigned thresholds and assisting in query resolution for the team.

• Understand and apply the concepts of the Cash accounting process flow of accounts and Blackline balancing procedures

• Research/follow up on all reconciling items for assigned accounts with strong root cause/action plans documented.

• Suggest/implement process improvement ideas for assigned accounts and implementation of small to medium scale improvements

• Manage month-end responsibilities including journal entry preparation and reconciliations in accordance with SYF standards

• Support Governance initiatives such as job aid reviews, updates, and SOX controls testing

• Support internal and external audits and internal control reviews

• Support ad-hoc reporting requests

• Other duties as assigned

Required Skills/Knowledge:

• Bachelor’s Degree in Accounting or Finance with minimum of 1 to 3 years of accounting & reconciliation experience, or in lieu of a degree minimum of 3 to 5 years of accounting experience.

• Excellent analytical and problem-solving skills

• Software Skills (Excel, Word, PowerPoint)

• Excellent organization and follow-up skills

• Excellent communication skills – both oral and written

• Ability to execute in a fluctuating environment

• Demonstrated commitment to quality and customer service

Desired Skills/Knowledge:

• Experience with reconciliation systems (Blackline)

• Experience with REVAL treasury management system

• Experience with checks/drafts processes

• Experience with Oracle

• Prior Banking Experience is a plus

Eligibility Criteria:

Bachelor’s Degree in Accounting or Finance with minimum of 1 to 3 years of accounting & reconciliation experience, or in lieu of a degree minimum of 3 to 5 years of accounting experience.

Work Timings: 4:00 PM to 1:00 AM IST

For Internal Applicants:

• Understand the criteria or mandatory skills required for the role, before applying

• Inform your manager and HRM before applying for any role on Workday

• Ensure that your professional profile is updated (fields such as education, prior experience, other skills) and it is mandatory to upload your updated resume (Word or PDF format)

• Must not be any corrective action plan (First Formal/Final Formal, LPP)

• L4 to L7 Employees who have completed 12 months in the organization and 12 months in current role and level are only eligible.

• L8 Employees who have completed 18 months in the organization and 12 months in current role and level are only eligible.

• L4+ Employees can apply

Grade/Level: 08

Job Family Group:

Finance

Experience Level

Mid Level