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

Job Requisition ID: AIOC-S01663875 CL-09
Designation: Record to Report Ops Specialist
Primary Skill: Account Reconciliations – P5
Location: Navi Mumbai, Maharashtra
Experience: 7–11 Years
Salary: ₹11.5 LPA – ₹16 LPA
Job Type: Full-time
Shift: Must be flexible to work in rotational shifts

Job Overview

We are seeking an experienced Record to Report (R2R) Ops Specialist with strong expertise in account reconciliations, general ledger accounting, financial reporting, and month-end closing activities.

The role involves analyzing financial data, reconciling general ledger and sub-ledger balances, investigating discrepancies, preparing journal entries, and ensuring the accuracy and integrity of financial records. The ideal candidate should have strong analytical and problem-solving skills, a good understanding of accounting principles, and experience handling complex reconciliation activities within Finance Operations.

Key Responsibilities

1. Account Reconciliation

• Perform end-to-end account reconciliations for balance sheet and general ledger accounts.
• Reconcile general ledger balances with sub-ledger balances and supporting financial records.
• Identify, investigate, and resolve reconciliation differences, unmatched transactions, and outstanding items.
• Perform bank, intercompany, suspense, accrual, and other account reconciliations, as applicable.
• Ensure reconciliation statements are accurate, complete, and prepared within established timelines.
• Track aged open items and coordinate with relevant stakeholders for timely resolution.
• Maintain proper reconciliation documentation and supporting evidence for audit purposes.

2. General Ledger Accounting

• Review and maintain general ledger accounts to ensure accurate financial records.
• Prepare, review, and post journal entries for accruals, provisions, reclassifications, and adjustments.
• Validate accounting entries and ensure transactions are recorded in the appropriate accounting period.
• Review general ledger balances and investigate unusual fluctuations or discrepancies.
• Ensure sub-ledger transactions are accurately reflected in the general ledger through appropriate reconciliation processes.

3. Month-End and Year-End Closing

• Support month-end, quarter-end, and year-end closing activities.
• Complete assigned reconciliations and journal postings within the financial closing calendar.
• Review outstanding balances, accruals, provisions, and unreconciled items.
• Ensure compliance with accounting policies, closing procedures, and reporting deadlines.
• Coordinate with Accounts Payable, Accounts Receivable, Fixed Assets, and other finance teams to resolve closing-related issues.

4. Financial Reporting and Analysis

• Collect, analyze, and validate financial data and operational reports.
• Prepare account reconciliation reports, balance sheet schedules, and general ledger reports.
• Investigate account fluctuations and provide explanations for unusual movements.
• Support financial reporting, variance analysis, and management reporting activities.
• Maintain accurate financial data to support business decisions and reporting requirements.

5. Issue Resolution and Process Improvement

• Analyze moderately complex accounting and reconciliation issues and implement appropriate solutions.
• Identify root causes of recurring reconciliation differences and recommend corrective actions.
• Improve reconciliation accuracy, efficiency, and turnaround time.
• Standardize reconciliation procedures and maintain process documentation.
• Support automation and process improvement initiatives within R2R operations.

6. Compliance and Audit Support

• Ensure adherence to accounting standards, internal controls, and company policies.
• Maintain audit-ready reconciliation files, schedules, and supporting documents.
• Support internal and external audits by providing financial records and explanations.
• Follow established control procedures and escalate significant discrepancies or risks.

7. Team Coordination and Stakeholder Management

• Coordinate with internal finance teams and client stakeholders to resolve reconciliation issues.
• Manage assigned workstreams and ensure timely completion of deliverables.
• Provide guidance to junior team members and review work, where applicable.
• Monitor process performance against service-level agreements (SLAs) and key performance indicators (KPIs).
• Communicate reconciliation status, risks, and unresolved issues to the reporting manager.

Required Qualifications

• B.Com, MBA in Finance, BMS Finance, CA Inter, or an equivalent commerce/finance qualification.
• 7–11 years of relevant experience in Record to Report, General Ledger, or Account Reconciliation operations.
• Strong expertise in account reconciliations and general ledger accounting.
• Good understanding of accounting principles and financial reporting processes.
• Experience in month-end and year-end closing activities.
• Ability to investigate discrepancies, analyze financial data, and resolve complex reconciliation issues.
• Strong analytical, problem-solving, and communication skills.
• Experience in financial ERP systems such as SAP, Oracle, or equivalent platforms is preferred.
• Ability to manage deadlines, coordinate with stakeholders, and work independently on assigned activities.
• Willingness to work in rotational shifts.

Preferred Skills

• Balance sheet account reconciliation and substantiation.
• General ledger and sub-ledger reconciliation.
• Intercompany reconciliation and transaction accounting.
• Journal entries, accruals, provisions, and adjustments.
• Reconciliation ageing and open-item management.
• Financial reporting and variance analysis.
• ERP systems and Excel-based reconciliation tools.
• Team coordination, quality review, and process improvement.

Key Performance Indicators (KPIs)

• Reconciliation accuracy and completion rate.
• Timely completion of month-end closing activities.
• Number and ageing of unresolved reconciliation items.
• Journal entry accuracy and timeliness.
• Compliance with SLAs and internal controls.
• Audit observations and resolution turnaround time.
• Productivity and process improvement performance.

Important Job Details

• Experience: 7–11 years
• Location: Navi Mumbai
• Compensation: ₹11.5 LPA – ₹16 LPA
• Employment: Full-time
• Shift Requirements: Rotational shifts

Suitable candidates: Experienced R2R professionals with strong account reconciliation, GL accounting, financial reporting, and month-end closing expertise