Job Description: Record to Report (R2R) Ops Specialist – Account Reconciliations

Job Requisition ID: AIOC-S0166390 CL-11
Designation: Record to Report Ops Specialist
Primary Skill: Record to Report – Account Reconciliations
Location: Navi Mumbai, Maharashtra
Experience: 3–5 Years
Salary: ₹5.35 LPA – ₹7.25 LPA
Job Type: Full-time
Shift: Rotational shifts

Job Overview

We are looking for an experienced Record to Report (R2R) Ops Specialist with 3–5 years of experience in account reconciliations and general ledger accounting. The candidate will be responsible for analyzing financial data, reconciling general ledger and sub-ledger balances, investigating discrepancies, preparing reconciliation reports, and supporting month-end closing activities.

The ideal candidate should have a strong understanding of accounting principles, financial reporting, balance sheet reconciliations, and internal controls. The role requires analytical thinking, problem-solving abilities, and effective coordination with finance teams to ensure accurate and timely financial reporting.

Key Responsibilities

1. Account Reconciliation

• Perform general ledger and balance sheet account reconciliations.
• Reconcile general ledger balances with sub-ledger records and supporting documentation.
• Identify, investigate, and resolve discrepancies, unmatched transactions, and outstanding balances.
• Prepare reconciliation statements and maintain supporting documents.
• Track aged reconciliation items and follow up with relevant stakeholders for resolution.
• Ensure reconciliations are completed accurately within defined timelines.

2. General Ledger Accounting

• Review general ledger accounts and verify the accuracy of accounting entries.
• Prepare and post journal entries for accruals, provisions, reclassifications, and adjustments, as applicable.
• Analyze account balances and investigate unusual fluctuations.
• Ensure transactions are recorded in the correct accounting period.
• Support the reconciliation of sub-ledger balances with the general ledger.

3. Month-End and Year-End Closing

• Support month-end, quarter-end, and year-end financial closing activities.
• Complete account reconciliations and assigned journal postings within closing deadlines.
• Review outstanding balances, accruals, provisions, and unreconciled items.
• Coordinate with Accounts Payable, Accounts Receivable, Fixed Assets, and other finance teams to resolve accounting differences.
• Ensure accurate financial records and timely completion of closing activities.

4. Financial Reporting and Analysis

• Collect and analyze financial data and operational reports.
• Prepare general ledger reports, account reconciliation statements, and balance sheet schedules.
• Perform variance analysis and investigate differences in account balances.
• Provide explanations for unusual financial movements and outstanding items.
• Maintain accurate records to support management reporting and financial analysis.

5. Compliance and Audit Support

• Follow accounting policies, internal controls, and established reconciliation procedures.
• Maintain audit-ready documentation and supporting schedules.
• Provide reconciliation details and financial records during internal and external audits.
• Identify potential control gaps and escalate unresolved discrepancies to the reporting manager.

6. Process Improvement and Stakeholder Coordination

• Identify recurring reconciliation issues and support root-cause analysis.
• Recommend improvements to reconciliation accuracy, efficiency, and turnaround time.
• Coordinate with internal stakeholders to resolve accounting issues.
• Maintain process documentation and standard operating procedures (SOPs).
• Meet defined service-level agreements (SLAs), productivity targets, and quality standards.

Required Qualifications

• B.Com, MBA in Finance, BMS Finance, CA Inter, or an equivalent commerce/finance qualification.
• 3–5 years of relevant experience in Record to Report (R2R), General Ledger (GL), or Account Reconciliation operations.
• Strong knowledge of account reconciliations and general ledger accounting.
• Understanding of balance sheet reconciliations and financial closing processes.
• Knowledge of journal entries, accruals, provisions, and accounting adjustments.
• Experience with ERP systems such as SAP, Oracle, or similar platforms is preferred.
• Proficiency in MS Excel and financial data analysis.
• Strong analytical, problem-solving, and communication skills.
• Ability to manage deadlines and work effectively with cross-functional teams.
• Willingness to work in rotational shifts.

Preferred Skills

• Balance sheet account reconciliation.
• General ledger and sub-ledger reconciliation.
• Journal entry preparation and posting.
• Month-end and year-end closing.
• Variance analysis and reconciliation ageing.
• Financial reporting and documentation.
• SAP or Oracle financial modules.
• MS Excel reporting and reconciliation tools.

Key Performance Indicators (KPIs)

• Reconciliation accuracy and completion rate.
• Timely completion of month-end closing tasks.
• Ageing and resolution of outstanding reconciliation items.
• Journal entry accuracy.
• Compliance with SLAs and internal controls.
• Quality of financial reporting and audit documentation.

Job Summary

This role is suitable for finance professionals with 3–5 years of experience in R2R operations, account reconciliations, and general ledger accounting who are looking to strengthen their expertise in financial reporting, month-end closing, and reconciliation management.

Location: Navi Mumbai | Salary: ₹5.35–7.25 LPA | Experience: 3–5 Years | Shift: Rotational