Record to Report Operations Specialist

Record to Report Ops Specialist

Skill required: Record To Report - Account Reconciliations
Designation: Record to Report Ops Specialist
Qualifications:BCom/Any Graduation
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") A type of general ledger account which contains a summary of sub-ledger accounts. Because the reconciliation account only provides a summary, no transactions are directly posted to the account.
What are we looking for? •1. Core RTR Skills Accounting Expertise: Strong understanding of general ledger accounting, journal entries, accruals, and adjustments. Financial Reporting: Proficiency in preparing and analyzing financial statements, including P&L, balance sheet, and cash flow. Reconciliations: Expertise in balance sheet account reconciliations, variance analysis, and resolving unreconciled items. Close Process: Hands-on experience managing month-end, quarter-end, and year-end close processes with strict adherence to deadlines. Expertise in Statutory & Regulatory reporting including ESG driving process improvements in closing cycle Intercompany Accounting: Experience with intercompany transactions, eliminations, and reconciliation. Compliance & Controls: Knowledge of SOX controls, internal audits, and adherence to GAAP/IFRS. 2. Retail-Specific Knowledge Inventory Accounting: Understanding of retail inventory valuation methods (FIFO, LIFO, weighted average) and shrinkage management. Revenue Recognition: Familiarity with retail revenue recognition policies, including loyalty programs, gift cards, and consignment sales. Lease Accounting: Knowledge of standards for retail leases. - Leadership & Management Skills Strategic Thinking: Ability to align RTR processes with business objectives, driving efficiency and value. Stakeholder Management: Strong collaboration skills with internal teams, auditors, and external partners. Team Leadership: Experience in managing diverse teams, mentoring, and performance management. Project Management: Skills in leading transformation initiatives, such as process standardization or ERP migrations. - Soft Skills Problem-Solving: Analytical mindset to troubleshoot and resolve complex accounting issues. Communication: Clear and concise reporting to C-level stakeholders and cross-functional teams. Adaptability: Agility to navigate the dynamic and fast-paced retail environment. Attention to Detail: Ensuring accuracy in financial reporting and reconciliations. -Knowledge of ESG reporting, sustainability metrics, and their impact on retail financials. -Experience with e-commerce accounting, omnichannel strategies, and digital payment reconciliations. - -Worked on ALTERYX -Oracle AP, PA, FA, GL & close Cycle reporting -ERP Systems: Proficiency in retail-relevant ERP systems like SAP, Oracle, or Microsoft Dynamics. Automation Tools: Experience with RPA tools
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