Team Leader - Management Accounting/R2R ( US)

Hi,

We are hiring Team Leader - Management Accounting/ R2R role for US project. Please find the job description below for the same.

Location : Remote

Shift Timing - 7 PM - 4:30 AM

Job Description

Preparation of Management Packs for clients which involves preparation of budgets, Client preparation, cashflow projections & commentary on the Variances on P&L statement.

Month End and year end closing and procedural adjustments.

Accruals, Prepayment and Other reclass journals

Nominal Ledger Scrutiny of all the Nominal Account codes to ensure that the transactions are accurately recorded in that month.

PREPARATION OF MANAGEMENT ACCOUNTS BY ACCOMPLISHING THE FOLLOWING TASKS :-

Prepayments

Amortize the prepaid based on period of service for the expenses - for both New & Existing invoices by recording the Journal entries.

Update the prepayment schedule in MACs with new entries recorded for the month and amortize accordingly.

Accruals

Reversal of Old accruals, after they are closed, rejected or invoice received.

Provision of New Accruals based on PO's pending invoice booking in the current month.

Update the Accruals schedule

Processing Month End Transaction entries

Landlord Payment entries and Inter site & Inter Company Recharge between group entities

Rental revenue entries

Payroll entries and accruals

Other Journal entries

Nominal Ledger Scrutiny to ensure the followings :-

Nominal Ledger Scrutiny of all the Nominal Account codes to ensure that the transactions are accurately recorded in that month.

To review, there are no duplication of expenses recorded in that month.

The Prepayments are properly released in that month.

The accrual entries are properly recorded and reversed in the subsequent months.

There is no omission of any particular expense in that month.

Roll forward of Management Accounts Template

Run the Trial Balances - Monthly, Year to Date & upto previous year end

Run the Nominal Activity report (for site review in CSV format)

IN DEPTH VARIANCE ANALYSIS (COMMENTARY UPDATES BY A MAC PREPARER BASED ON THE VARIANCE ANALYSIS CRITERIA)

PREPARATION OF Reporting Packs for clients which involves preparation of Funding statement, cashflow projections & commentary on the Varainces on P&L statement

PREPARATION & UPDATE OF FORECAST ON QUARTERLY BASIS

Preparation of Balance Sheet of clients on monthly basis & to ensure they are no reconciling items standing on the B/s. All the odd issues/balances to be resolved

Working on preparing the files for Audit queries from the Auditors of the Clients

Single point of contact for the Accommodation Managers , Operation Managers , Finance Managers & 3rd party clients. Managing overall MAC team & Review their accounts. Keeping communications with client POC. Implement new changes and guide the team on those new changes to adopt it.

Please contact MR Shyala Sami HR 'mobile no' given belo

QX is an IAOP award-winning company which started its own entrepreneurial journey as a small team of five chartered accountants delivering accounting services to UK businesses 19 years ago. Today it is one of the worlds Top 100 outsourcing companies and has grown to become one of the largest and fastest growing accounting and recruitment firms in India. More than 500 small to large businesses rely on QXs team of 2300 people to manage and optimize their business processes across the UK, EU, US, Australia, Canada and India. QX Ltd combines its customized and flexible approach, award-winning service delivery, specialist knowledge and experience to become a trusted service provider for its clients. It operates under the following divisions:
QX Accounting Services (QXAS), QX Recruitment Services (QXRS), QX Finance & Accounting Services (QX F&A), QX Corporate Advisors and QX Software Services (QXSS).