Team Lead – General Accounting (Grade 14)

Company Overview

ABB is a global leader in technology and manufacturing, actively driving the transformation of society and industry towards a more productive and sustainable future. The company promotes diversity and inclusion across all dimensions, encouraging an environment where individual differences are celebrated.

Job Summary

As the Team Lead for General Accounting, you will oversee a team dedicated to ensuring the accurate and timely completion of Bank Reconciliation and related accounting functions. You will report to the Accounting & Reporting Manager and contribute to ABB's operational goals in a collaborative setting.

Responsibilities

• Monitor and manage the Bank Reconciliation Services (BRS) team, ensuring timely recording of bank transactions in the Central Finance (CFIN) / ERP systems.
• Coordinate with business units, Treasury, and Payroll teams regarding unallocated transactions to prevent carryover into subsequent months.
• Maintain and oversee the exchange rate uploads in ERP systems, ensuring compliance with Control (CAR) requirements for monthly exchange rate reconciliations.
• Review reconciled General Ledger (GL) accounts through the group tool to ensure completeness and accuracy.
• Conduct knowledge transition (KT) sessions and take over accounting activities for countries transitioning to Bangalore.
• Standardize accounting processes across all clusters to enhance efficiency and effectiveness.
• Implement newly developed programs designed to streamline accounting processes across all clusters.
• Address internal and external audit queries by providing necessary documentation and clarifications.
• Initiate quality improvement initiatives within the General Accounting team.

Qualifications

• Educational Background: Bachelor’s or Master’s degree in Accounting, Finance, or Commerce.
• Experience: 10-15 years of experience in general accounting, reporting, and journal entry processing. It is preferred to have 5-10 years of experience specifically in Bank Reconciliation activities in large organizations, along with team management experience.
• Technical Skills:
  • Experience with Record to Report (R2R) processes.
  • Proficiency in MS Office; knowledge of SAP is mandatory.
• Soft Skills: Strong communication skills and adaptability to various shift timings.

Preferred Skills

• Familiarity with financial regulations and compliance standards.
• Experience in quality improvement methodologies.
• Strong analytical and problem-solving capabilities.

Experience

Minimum of 10-15 years of relevant experience in general accounting, with a focus on reporting and bank reconciliation processes.

Environment

This position is based in Bangalore, Karnataka, India, and follows a work model that is either on-site or hybrid, depending on operational needs.

Growth Opportunities

Employees in this role can expect potential advancement within ABB’s Finance & Accounting division, with opportunities to take on more leadership responsibilities.

Benefits

• Comprehensive benefits package including health insurance, paid leave, and other employee welfare initiatives.