Sr Accounting Specialist

Job Description

InterCo

• Responsible for supporting Honeywell SBG Intercompany and intercompany activities
• Month end reconciliation for accurate month end reporting
• Ensure InterCo accounts are analyzed; deliver detailed reports to business and co-source partners highlighting areas of concern.
• Ensure account recons are delivered with quality.
• Identifies and resolve month close issues and material differences.
• Cleanse IC master data for obsolete trading partners.
• Work on resolving out of balances, and ensure entities line up to IC policy and procedures.
• Analysis of the IC GL accounts on a periodical basis, including policy enforcement.
• Manage and own international cash mgt clearing account (measured against aging).
• Liaise with BPO team and ensure they are delivering requirements as per agreement
• Ensure Interco practices are compliant to locations supported
• Manage Intra-company and resolution of Equity reporting for cross company transactions for multi company codes in same legal entities.
• Manage and propose appropriate corrections to GRIR account working alongside Controllers and procurement.
• Be the focal point to co-ordinate mass charges including coding and recording
• Monitor Interco queues; act as tier 2/3 resolution/co-ordinator
• Ensure month-end discrepancies are resolved and closed out within the set timelines.
• Oversee recharge processes; Be the focal point to co-ordinate mass charges incl coding and recording.
• Focus on relevant metrics and develop action plans based on metric outcome.
• Reduce exceptions through root cause analysis and implementation of solutions.
• Work with InterCo suppliers to implement process improvement
• Build effective working relationships with business contacts and co-source partner.
• Support business controls compliance for Sarbanes-Oxley.
• Subject matter expertise (SME), Process re-engineering & Automation.
• Work closely with key stakeholders like Controllership, SBU CFOs and other SBG InterCo contacts
• Reduce exceptions through root cause analysis and implementation of solutions.
  
  

Qualifications

Education and Certifications

• Bachelors in Finance
  
  

Required Experiences

• 5 - 7 + years of overall finance experience.
• Finance or Accounts graduate. Must have worked in finance domain for at least 5 years
• Minimum 6 years of experience in Accounting.
  
  

Knowledge and Skills

Critical

• Hands on experience with SAP.
• Worked on consolidation platforms like Hyperion Reporting systems.
• Banking platform technical expertise.
• Broad knowledge of Inter Company billing concepts, processes & best practice.
• Good knowledge of US GAAP.
• Strong technical and analytical skills.
• Knowledge of R2R concepts, processes, best practices and value addition process initiatives and execution, & Banking domain expertise.
• Excellent communication and interpersonal skill is desirous.
  
  

Preferable

• Exposure to managing full close processes for a multi-national group.
• Proactive, ability to use own initiative and take lead to devise creative solutions.
• Having an audit experience will be an added advantage.
• Strong knowledge of MS Office (Word, Excel, PowerPoint).
• Flexibility to work shifts & exposure to global customers.
  
  

Behaviors/Attributes (8 Honeywell or COO Mindset)

• Be a Zealot for Growth
• Be Courageous
• Think Big…Then Make It Happen
  
  

About Us

Honeywell helps organizations solve the world's most complex challenges in automation, the future of aviation and energy transition. As a trusted partner, we provide actionable solutions and innovation through our Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments – powered by our Honeywell Forge software – that help make the world smarter, safer and more sustainable.