Process Lead - Recon.Recon Shared Services-Finance01

Job Summary

Manage & lead the Reconciliation team to ensure on time and accurate delivery of Reconciliations (Bank, Intercompany, Supplier, Customer & VAT) related business processes and services for all Business Units of IFFCO Group within the scope of SSC Finance.

Roles & Responsibilities

• Ensure smooth and timely processing of all reconciliation defined in the SLA 
• Report SLA and/or other risk control breaches to the team-head for timely investigation and escalation
• Strictly follow SOPs in daily/weekly/monthly reconciliation
• Follow up/Escalate with responsible business units on outstanding breaks according to internal procedure
• Ensure that proper accounting entries are made on the basis of COA ;
• Ensure that proper accounting entries are made on the basis of COA ;
• Bring industry best and latest practices for Reconciliaton process
• Experience of working on Digital Transformation / improvemments in Recon - OCR  / RPA deployment 

KPIs

• Reconciliaiton open items (Zero  >30 days)
• Ensuring coverage of 90% of reconciliaiton through system reconciliaiton
• 100% accuracy in reconciliation
• 100%  TAT in completing all reconciliations (Intercompany and Bank)
• Scrutiny on Bank masters periodically

Work experience requirement

Experience in managing F&A teams in a shared service / BPO setup for 6-8 years

Qualification

• Bachelor Degree in Commerce 
• Worked on Oracle

Competencies
Customer Centricity
Self and Team Management
Credit control
Financial Compliance
Financial Operations
Financial Transaction Processing
Planning & Decision Making
Accounting Standards and Practices
Communicating effectively
Ownership & Result Orientation