Lease Accounting Entries:
Prepare and post lease accounting entries in compliance with relevant accounting standards.
Maintain accurate records of lease agreements and related financial transactions.
Reconcile lease accounts and ensure proper classification of lease expenses.
Accounts Payable:
Manage the accounts payable process, including invoice verification, approval, and payment processing.
Ensure timely and accurate recording of accounts payable transactions.
Reconcile accounts payable sub-ledger to the general ledger.
Maintain relationships with vendors and respond to inquiries promptly.
Accruals:
Prepare and post monthly accrual journal entries.
Review and analyze accrual accounts to ensure accuracy and completeness.
Reconcile accrual accounts on a regular basis.
Reach out to relevant parties (i.e., FP&A, vendors, business owners) as needed to obtain accrual estimates or validate accruals.
Review aged accruals on a quarterly basis (at a minimum) to ensure accuracy and completeness.
Expense Report Management:
Oversee the expense report submission and approval process.
Ensure compliance with company policies and procedures for expense reporting.
Review and audit employee expense reports for accuracy and completeness.
Financial Reporting:
Support the month-end and year-end closing processes.
Conduct flux analysis on account fluctuations,identifying business drivers behind significant variances.
Audit and Compliance:
Assist with internal and external audits by providing required documentation and explanations.
Ensure compliance with accounting policies, procedures, and regulations.
Ensure compliance with SOX requirements for their respective areas of responsibility.
Process Improvement:
Identify and implement process improvements to enhance efficiency and accuracy in accounting operations.
Stay updated with changes in accounting standards and regulations.
Prepaid Entries:
Record and reconcile all prepaid expenses.
Monitor the amortization of prepaid expenses and ensure accurate monthly postings.
Maintain detailed schedules of prepaid accounts.
Fixed Assets Management:
Record and manage all fixed asset transactions, including acquisitions, disposals, and transfers.
Conduct monthly reconciliations of the fixed asset sub-ledger to the general ledger.
Ensure proper depreciation of fixed assets and maintain detailed fixed asset registers.
Assist in physical verification of fixed assets and address any discrepancies.
Intercompany Entries:
Prepare and post intercompany journal entries.
Reconcile intercompany accounts and resolve discrepancies.
Ensure compliance with intercompany policies and procedures.
Financial Reporting:
Support month-end and year-end close processes.
Conduct flux analysis on account fluctuations, identifying business drivers behind significant variances.
Compliance and Controls:
Ensure compliance with company policies, accounting standards, and regulatory requirements.
Assist in the implementation and maintenance of internal controls to safeguard assets and ensure accurate financial reporting.
Ensure SOX compliance for their respective areas of responsibility.
Collaboration:
Work closely with other departments to ensure accurate and timely financial information.
Provide support to the team and assist with special projects as needed.
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