Specialist

Job description

Finance & Accounting - Record to Report (R2R), Settlement Accounting Role Title Senior Analyst - Settlement Accounting (Accountant) Location Hyderabad, India Experience 6+ years of accounting experience , preferably in F&A shared services, settlement accounting, R2R, banking/financial services, payment operations, money transfer, or regulated transaction-based environments. Job Profile Summary The Settlement Accounting Accountant will support the transition and steady-state delivery of settlement accounting activities for a global F&A operation. The role will execute journal postings, accrual calculations, bank and cash accounting, balance sheet reconciliations, subledger clearances, safeguarding reconciliations, reporting, variance analysis, and audit support. The role requires strong accounting knowledge, attention to detail, ability to investigate open items and variances, effective stakeholder communication, and adherence to internal controls, SOX requirements, company policies and close calendars. Key Responsibilities Key Responsibilities / Role Description • Participate in month-end, quarter-end and year-end close activities, including accounting validations, journal entry preparation/posting, accrual calculations and period-end close controls. • Prepare and post settlement accounting entries covering bad debt provisions, commission/agent or processor expenses, revenue, balance sheet reclasses and other required accruals. • Perform bank accounting and record open items in bank accounts, including daily cash reconciliation, cash-in-transit reconciliation, booking and clearing activities. • Prepare, review and clear balance sheet reconciliations, including BlackLine reconciliations, unbilled accounts, consumer liability accounts, advising accounts, suspense accounts, clearing accounts, subledgers and intercompany accounts. • Execute safeguarding reconciliations and reporting, including daily safeguarding reconciliation/reporting and weekly safeguarding review activities. • Prepare standard and specialized financial reports, including FX analysis, revenue analysis, MAP reporting and quarterly variance explanations. • Investigate transaction variances, aged open items, reconciliation breaks and unusual balances; coordinate with business partners and internal teams for timely resolution. • Support escheatment related activities, including yearly reviews, ad hoc changes and payment recording as applicable. • Support internal audits, SOX testing, external financial audits and preparation of audit schedules, supporting documentation and evidence. • Establish and maintain working relationships with assigned business units, transition teams, retained organization and cross-functional stakeholders. • Ensure compliance with internal controls, accounting policies, operating procedures, regulatory expectations and client-specific control requirements. • Contribute to transition readiness by documenting process steps, validating SOPs, shadowing/reverse-shadowing activities, identifying knowledge gaps and supporting stabilization. • Identify process improvement opportunities, automation candidates and control enhancements; support implementation of approved process changes. • Provide process guidance and training support to new and existing team members as required. Skill Requirements Skills Required • Strong knowledge of accounting principles, R2R close cycle, journal entries, accruals, reconciliations and balance sheet substantiation. • Good understanding of settlement accounting, bank/cash accounting, intercompany accounting, subledger reconciliation, suspense/clearing account management and open item resolution. • Ability to perform variance analysis, root cause investigation, financial reporting and account analysis with high accuracy. • Working knowledge of internal controls, SOX, audit evidence requirements, close governance and compliance expectations. • Proficiency in Microsoft Excel, including lookups, pivot tables, formulas, data validation and reconciliation workbooks. • Experience with ERP/accounting systems and reconciliation tools such as SAP/Oracle/PeopleSoft/BlackLine or equivalent platforms preferred. • Strong written and verbal English communication skills with ability to engage daily with business partners and stakeholders. • Detail-oriented, analytical, organized and able to manage deadlines in a transition and close-driven environment. • Continuous improvement mindset with ability to recommend process improvements, control enhancements and productivity opportunities. • Ability to work independently and collaboratively in a global delivery model. Educational Qualification B.Com/M.Com with CA/CWA Inter , CMA Inter Other Requirements Apply now Information at a Glance Why HCLTech? At HCLTech, you'll supercharge your potential. You'll find your career. And you'll find your spark. All at a place that knows that helping its customers stay on top starts by putting its people first. HCLTech is a global technology company, home to more than 230,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. 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