Intercompany Accountant Job Description

Intercompany Accountant Job Description

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Intercompany accountant provides ongoing support/guidance pertaining to required SAP finance & accounting skills in Accounts Payable, Accounts Receivables, Joint Venture Accounting, Accruals, Balance Sheet accounts reconciliations, etc.

Intercompany Accountant Duties & Responsibilities

To write an effective intercompany accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included intercompany accountant job description templates that you can modify and use.

Sample responsibilities for this position include:

Posts Intercompany journal entries on both sides for cross-company enabled locations and to one location if not cross-company enabled
Works with appropriate accounting contact persons for Intercompany transactions not going through the tool
Monitors pending Intercompany requests (either Sending or Receiving) and provides status updates to parties who will need to action such requests
Prepares accruals for recurring transactions
Ensures timely expense recognition (on both sides) for year-end Intercompany related accruals
Serve as Corporate hub for intercompany accounting, managing intercompany transactions, policies and communication and company-wide reconciliation of intercompany account activity
Coordinate intercompany accounting over the Company’s joint venture in China, ensuring proper valuation of profit in inventory and accurate cutoff and accounting on a consolidated basis
Develop, document, implement and manage accounting processes, controls and systems to ensure appropriate level of internal control
Responsible for the timely and accurate design,review, posting and reconciliation of month end close specifically for the reporting of intercompany relationships that exist for the EMEIA region
Ownership of KPI delivery, and improvements where required, on a monthly, quarterly and annual basis

Intercompany Accountant Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Intercompany Accountant

List any licenses or certifications required by the position: CPA, ACCA, WHT

Education for Intercompany Accountant

Typically a job would require a certain level of education.

Employers hiring for the intercompany accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Accountancy, Business/Administration, Education, Administration, Graduate, Management

Skills for Intercompany Accountant

Desired skills for intercompany accountant include:

Intercompany Accounts Receivables and Intercompany Accounts Payables
SAP system and Microsoft PC applications
SAP would be an advantage
Microsoft Office
MS Excel
English
Especially in Accounts Payable field
Excel
Financial accounting
English and French

Desired experience for intercompany accountant includes:

Challenge the status quo around existing intercompany reporting that exists and work collaboratively with IT, group reporting in the US in delivering process improvement around the intercompany close
Responsible for the successful transition of activity from local entities into central finance function
Willingness to work in an office in SLC, Utah
Record any returns and price protection adjustments to sales
Calculates, records and reconciles monthly co-op, rebates, and cash discounts accruals
Calculates and reports monthly royalties expense, manages accruals, and makes quarterly payments

Intercompany Accountant Examples

1

Intercompany Accountant Job Description

Job Description Example
Our innovative and growing company is hiring for an intercompany accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for intercompany accountant
  • Maintenance of netting accounts and correspondence
  • Run and dispatch of customers statements for intercompany AR/AP
  • Intercompany reconciliation including quarterly Intercompany reconciliation via Reconciliation tool in GRAPE (especially for adidas AG AR side with non-FSS countries)
  • Continuous process improvement within Intercompany issues (root cause analysis and action about missing or wrong coding on intercompany invoices follow up on missing and wrong coding)
  • Assisting Group Accounting with the Intercompany improvement project
  • Prepares monthly allocation of service company activity, conducts analysis of trends and uses professional judgment to settle variances
  • Authorizes the initiation of monthly data jobs to support the allocation process
  • Maintains allocation tables, update as necessary and analyze outputs to support the monthly closing procedures
  • Performs complex analytical assignments and prepares accounting related reports
  • Provides expertise on processes or issues to the assigned team and work stream
Qualifications for intercompany accountant
  • Posts monthly bad debt accrual
  • Communicates on best practices with the AR and Sales teams, including consulting on the design of new sales incentives
  • Prepares miscellaneous month end reports and quarterly audit packs
  • Follows corporate financial policies, company controls, and accounting theory relating to Sales, including implementation of new FASB standards
  • Adheres to all Sales SOX documentation for related Accounting Processes
  • Assists with Intercompany accounting activities as needed
2

Intercompany Accountant Job Description

Job Description Example
Our growing company is looking to fill the role of intercompany accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for intercompany accountant
  • Performs analysis and coordinate with partners to resolve any differences
  • Analyzes and interprets reports for managers providing recommendations to guide business decisions
  • Undertakes accounting projects and provides guidance on accounting issues as needed
  • Fields issue escalations from internal customers or delivery partners and responds to customer inquiries as requested, ensuring issue and error resolution
  • Leads reviews for accuracy of journal entries and accounting classifications assigned to various records
  • Maintains records for routine accounting transactions
  • Prepares reconciliations of accounts
  • Demonstrates familiarity with a broad variety of data sources supporting corporate allocations from various technologies with the applicable requirements for analysis
  • Actively engages clients and users in defining corporate allocations business processes supported by process changes or system solutions and uses business cases for full development of business requirements and needs
  • Supports developing, implementing, and maintaining, procedures and policies for the accounting function
Qualifications for intercompany accountant
  • Performs all sales reporting, including tracking of customer related sales programs accruals, and discounts
  • Calculates, reconciles, and records independent reps sales commissions and bonuses
  • 5 years of related Accounting experience in a publicly held company, preferred
  • Strong knowledge of GAAP, especially around revenue recognition rules required
  • Initiative and organizational skills are a must to ensure the timely completion of a large volume of work
  • Knowledge of SAP and E1 preferred
3

Intercompany Accountant Job Description

Job Description Example
Our company is growing rapidly and is looking for an intercompany accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for intercompany accountant
  • Reconciliation of GL balances on intercompany accounts to the source systems
  • Investigation and resolution of any errors with operating companies where required
  • BRAVO submissions of MTSF, MTSM, QTBS, QSSA and QSSH
  • SD Invoicing of Central Fees (ISIT/Storage/Communications/NETD/SSA)
  • Receive POs from (follow-up and chasing if/when required)
  • Perform self-assessment/approvals of SOX controls
  • Cost Center analysis support
  • Send copies for VAT purposes (if applicable)
  • Support Internal Project related to Internal Work and Engagement Practices ◦Create, maintain and close PD’s NW, NWA’s ◦Support time reporting and concur allocation error
  • Support ICRRB upload of template (if applicable)
Qualifications for intercompany accountant
  • Willingness to work in an office in SLC, Utah and/or at an existing Pro BU
  • 3 years minimum experience in General Ledger
  • Intercompany experience is (preferred)
  • SOX audi and testing (preferred)
  • Direct experience in SAP 4.0 and/or 6.0 (preferred)
  • Experience in the preparation of General Ledgers, Basic Knowledge of FASB requirements, Generally Accepted Accounting Principles
4

Intercompany Accountant Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of intercompany accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for intercompany accountant
  • Prepare timely and accurately all intercompany invoices to/from respective country-based PMI legal entities serviced by PMI SCE
  • Check and explain account balances, outstanding items and confirm all posted and ready for payment open items
  • Prepare and initiate payment run for all intercompany transactions in accordance with the intercompany netting procedure
  • Support Manager to coordinate and organize the daily work of the team including incorporating new tasks in the team
  • Active communication and issue resolution with customers in order to optimize their satisfaction with service provided
  • Day-to-day operations in assigned area
  • Participate in projects, support the implementation of findings and sustainability of achievements
  • Support Manager directly through team leadership and coordination, including proposing improvement of processes and working methods to Manager
  • Provide detailed feedback to Manager to support Score process for team members
  • Internal Project Support related to Internal Work and Engagement Practices ◦Create, maintain and close PD’s NW, NWA’s ◦Support time reporting and concur allocation error
Qualifications for intercompany accountant
  • Experience in system/process improvement an advantage
  • Understanding of the systems, processes and controls involved in recording transactions in the an ERP accounting system, the interrelationships that exist
  • Degree with 1 year of Accounting experience
  • Ability to exercise judgement and apply job skills, company policies and procedures in resolving repetitive problems and work on tasks that are moderately complex in nature under close supervision
  • Experience in accounting systems such as SAP would be a plus
  • Prepares and posts in SAP all journal entries associated with inter/intra company accounts during month-end Close
5

Intercompany Accountant Job Description

Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of intercompany accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for intercompany accountant
  • A key position within finance and accounting team requiring interpersonal skills and working with external and internal stakeholders on a day to day basis
  • Working as part of head office accounting team, which is responsible for around 20 legal companies, primary managing intercompany accounts between over 200 hotels
  • Responsible to produce accurate intercompany, Profit & Loss and Balance sheet accounting entries
  • Providing information and analysis required for audits and tax reporting as required
  • Responsible for daily international Intercompany charge outs
  • Perform day-to-day activities related to International Intercompany, act as a liaison between treasuries, tax, and accounting
  • Oversee the settlement process of Global Intercompany
  • Assist management with Sarbanes-Oxley procedures, tax, and audit requests
  • Assist with intercompany reconciliations
  • Monitor and prepare entries for due to/from accounts
Qualifications for intercompany accountant
  • Reconciles inter/intra company balance sheet accounts on a monthly basis as assigned, following up on reconciling items to ensure timely resolution of underlying transactions or issues
  • Assists with intercompany netting process used in the monthly settlement of inter/intra company balances
  • Adheres to corporate financial policies, company controls, and accounting theory Follows all related SOX documentation for related Accounting Processes
  • Responsible for reporting un-netted inter / intra company balances to Corp
  • Prepares responses to any ad-hoc requests from the Pro Group, BUs, and/or Corporate
  • Responsible for the preparation and uploading in BPC of quarter packs and annual audit packs

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