Team Lead – General Accounting (Grade 16)

Company Overview

ABB is a global leader in technology and engineering, committed to driving diversity and inclusion across all dimensions: gender, LGBTQ+, abilities, ethnicity, and generations. The company aims to energize the transformation of society and industry for a more productive, sustainable future.

Job Summary

As the Team Lead in General Accounting, you will report to the Accounting & Reporting Manager. Your primary responsibility will be to lead a team focused on the accurate and timely completion of bank reconciliations and related accounting activities within the General Accounting team, ensuring compliance with both internal and external regulations.

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, Treasury, and Payroll teams to address unallocated transactions and prevent carryover into subsequent months.
• Maintain and monitor exchange rate uploads in ERP systems and reconcile monthly exchange rates as per Control (CAR) requirements.
• Review reconciled General Ledger (GL) accounts using group tools.
• Oversee knowledge transfer (KT) and handle accounting activities from transitioning countries to the Bangalore hub.
• Standardize accounting processes across all business clusters.
• Implement newly developed programs to enhance accounting processes across clusters.
• Address internal and external audit queries by providing necessary clarifications and supporting documentation.
• Initiate quality improvement initiatives within the accounting processes.

Qualifications

• Bachelor’s or Master’s degree in Accounting, Finance, or Commerce.
• Minimum of 10-15 years of experience in general accounting, reporting, reconciliation, and processing journal entries.
• At least 5-10 years of experience specifically in Bank Reconciliation activities within a large organization.
• Proven experience in Record to Report (R2R) processes.
• Flexibility to work various shift timings.
• Strong communication skills.
• Proficient in MS Office; knowledge of SAP is essential.

Preferred Skills

• Experience in a multinational corporation and familiarity with diverse accounting systems.
• Advanced skills in financial software and data analytics.

Experience

• 10-15 years of relevant experience in general accounting, with significant exposure to reconciliation and journal entry processes.

Environment

• Work model is on-site or hybrid.
• Located in Bangalore, Karnataka, India.

Salary

• Salary information is not specified.

Growth Opportunities

• Opportunities for career advancement within the company's Finance and Accounting operations, and potential for broader leadership roles in global finance.

Benefits

• ABB offers a comprehensive benefits package including health insurance, paid leave, and work-life balance initiatives.