Record to Report Operations Specialist - Inventory Accounting

Record to Report Ops Specialist

Skill required: Record To Report - Inventory Accounting Operations
Designation: Record to Report Ops Specialist
Qualifications:BCom
Years of Experience:7 to 11 years
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security.Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services, and Accenture Song— all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 784,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities.Visit us at www.accenture.com
What would you do? You will be aligned with our Finance Operations vertical and will be helping us in determining financial outcomes by collecting operational data/reports, whilst conducting analysis and reconciling transactions. Record to Report (R2R) is a finance and accounting process that involves collecting, processing, and delivering accurate financial data. This includes recording transactions, reconciling accounts, and preparing financial statements. The goal is to provide a clear and accurate picture of a companys financial performance. Effective R2R processes ensure compliance with accounting standards and support informed decision-making. It is essential for financial transparency and accountability. keyword includes:-("Fixed asset","Amortization","Depreciation",Accruals","Finacial Consolidation","Account recon/ bank","Treasury","Finanacial reporting standard"financial analysis","SOX") Manage material stocks on a quantity and value basis, entering and documenting all goods movements and updating the physical inventory. It involves recording and tracking materials in terms of quantity and value using inventory management functions that cater for internal movements and storage. Implement and manage the processes for the setup of inventory structure to support stocking, tracking, and inventory replenishment, accounting for write offs and inventory.
What are we looking for? You will be aligned with the Finance Operations vertical and support the Record-to-Report (R2R) process with a focus on Stock/lnventory Accounting by determining financial outcomes through collecting operational data, analyzing inventory reports, and performing reconciliations. The role involves managing end-to-end inventory accounting activities including stock valuation, inventory and general ledger reconciliations, GR/IR reconciliation, and resolving discrepancies between physical stock and system records, while supporting month-end, quarter-end, and year-end close processes. You will ensure compliance with accounting standards and internal controls such as SOX, handle inventory movements including purchases, sales, transfers, write-offs, and provisions for obsolete or slow-moving stock, and ensure accurate financial reporting. Additionally, you will collaborate with supply chain, procurement, and warehouse teams, perform variance analysis, and drive process improvements to enhance accuracy, transparency, and timeliness of inventory-related financial data. Design and implement process and solutions to record and process all aspects of fixed assets accounting. Includes chart of accounts alignment back office integration, folio management payment processing, transfer & retirement of assets, physical inventory and Construction In Process (CIP) project accounting.
Roles and Responsibilities: •In this role you are required to do analysis and solving of moderately complex problems • May create new solutions, leveraging and, where needed, adapting existing methods and procedures • The person would require understanding of the strategic direction set by senior management as it relates to team goals • Primary upward interaction is with direct supervisor • May interact with peers and/or management levels at a client and/or within Accenture • Guidance would be provided when determining methods and procedures on new assignments • Decisions made by you will often impact the team in which they reside • Individual would manage small teams and/or work efforts (if in an individual contributor role) at a client or within Accenture • Please note that this role may require you to work in rotational shifts