Lead - Intercompany Accountant

About Sutherland

Sutherland is a global leader in driving business and digital transformation, focusing on delivering exceptional customer experiences. With over 35 years of experience, the company leverages deep domain expertise and advanced optimization techniques, utilizing proprietary and partnered tools and platforms to enhance growth, efficiency, and productivity. Sutherland integrates cognitive artificial intelligence (AI), intelligent automation, advanced analytics, and digital services to create innovative solutions across various industries. The company's core values emphasize agility, out-of-the-box thinking, unwavering integrity, and flawless execution. Sutherland serves prominent brands in Healthcare, Insurance, Banking and Financial Services, Communications, Media and Entertainment, Technology, Travel and Logistics, and Retail. With 212 unique inventions and numerous patent grants in critical technologies, Sutherland employs 40,000 professionals worldwide, delivering tailored services and solutions that yield significant results for clients.

Role Summary

The Intercompany Accountant will be responsible for the precise accounting, reconciliation, and settlement of intercompany transactions across multiple legal entities. This includes managing eliminations, profit-in-inventory, and consolidations.

Key Responsibilities

• Oversee the complete intercompany accounting lifecycle across various regions and legal entities.
• Process, reconcile, and analyze intercompany transactions, such as AR/AP, cost recharges, management fees, and inventory/fixed asset transfers, ensuring accurate foreign exchange impact.
• Prepare and meticulously review intercompany reconciliations, promptly addressing any out-of-balance situations.
• Collaborate with global accounting teams to coordinate intercompany confirmations and resolve disputes.
• Generate intercompany eliminations for consolidation, including profit eliminations where applicable.
• Contribute to monthly, quarterly, and year-end closing procedures.
• Maintain comprehensive documentation for intercompany balances, settlements, and eliminations.
• Assist internal and external auditors by providing necessary schedules, reconciliations, and explanations.
• Identify opportunities for enhancing intercompany processes, promoting standardization, and implementing automation.
• Review and approve intercompany reconciliations prepared by regional teams.
• Prepare and review intercompany eliminations within consolidation systems.
• Calculate and record intercompany profit eliminations for both inventory and fixed assets.
• Coordinate monthly intercompany netting and settlement activities.
• Lead intercompany confirmation processes and escalate dispute resolution as needed.
• Liaise with Tax and Transfer Pricing teams to ensure accounting practices align with established policies.
• Maintain SOX documentation, including process flows, control narratives, and supporting evidence.
• Serve as a primary point of contact for external auditors concerning intercompany matters.
• Champion continuous improvement initiatives, focusing on system enhancements and automation.
• Investigate and resolve intercompany discrepancies with counterparties.
• Produce standard intercompany closing reports and provide variance explanations.
• Ensure proper backup and audit trails are maintained for all intercompany activities.

Qualifications

• Bachelor's degree in Accounting; CA (full or partial qualification) is highly preferred.
• Possess 6 to 8 years of progressive accounting experience within a multi-country operational environment.
• Demonstrate a deep understanding of intercompany eliminations and consolidation accounting principles.
• Experience with global ERP and consolidation systems, such as Oracle FCCS.
• Familiarity with reconciliation management tools like FloQast.
• Exhibit strong analytical, communication, and leadership capabilities.

Additional Information

This role is based in Chennai, India.