SKF started its operations in India in 1923. Today, SKF provides industry leading automotive and industrial engineered solutions through its five technology-centric platforms: bearings and units, seals, mechatronics, lubrication solutions and services. Over the years the company has evolved from being a pioneer ball bearing manufacturing company to a knowledge-driven engineering company helping customers achieve sustainable and competitive business excellence.
SKF's solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability. With a strong commitment to research-based innovation, SKF India offers customized value-added solutions that integrate all its five technology platforms.
The Intercompany Senior Accountant is responsible for managing, governing, and optimizing all intercompany (IC) accounting activities across the organization. This includes end‑to‑end oversight of IC transactions, reconciliations, settlements, month-end close, and compliance with global accounting policies.
Your day-to-day work/ Key Responsibilities
- Lead the Intercompany team in performing month-end and year-end closing by ensuring any reconciling items are addressed and overall timely execution of high quality and accurate processes
- Oversee creation, posting, and settlement of all intercompany AR/AP transactions.
- Ensure documentation accuracy, appropriate approvals, and compliance with transfer pricing policies.
- Review IC invoices, debit/credit notes, recharges, cost allocations, and markup calculations.
- Partner with cross-functional teams (P2P, O2C, Business, etc) to validate IC billing and allocations.
- Conduct and review detailed IC reconciliations across AR, AP, and GL.
- Drive resolution of mismatches and minimize aged balances.
- Coordinate with counterparty entities to clear open items before month-end close.
- Own global IC reconciliation trackers, variance analysis, and take remedial actions
- Ensure accurate and timely posting of IC journals (accruals, reclasses, true ups).
- Compile Intercompany schedules for statutory, tax, and management reporting
- Prepare, maintain, and report RPT schedules in line with Companies Act, 2013 and IND AS requirements
- Support statutory, Tax, TP and internal audits by providing complete documentation, approvals, and transaction evidence.
- Act as the central COE contact for all intercompany and RPT-related queries and escalations.
- Facilitate monthly IC governance calls with controllers, finance leaders, and global teams.
- Present IC dashboards, KPIs, and issue logs to management.
- Drive alignment across entities to improve accuracy, transparency, and process consistency.
- Implement standardized templates, workflows, reconciliation tools, and reporting solutions.
- Contribute to global finance transformation and standardization projects.
- Group reporting on ICP balances
- Supervise the preparation of journal entries and reconciliation of financial statements and accounts ensuring data accuracy. Ensure effective maintenance of general ledger accounts
- Manage monthly account reconciliations, general ledger accounts, review financial reports to identify and explain variances, and follow documentation & maintain accounting files
- Perform general ledger closing, preliminary financial statements, consolidation, and month-end reports
- Respond in an effective and timely manner to all Business Unit needs concerning areas such as expenditure and inventory
- Responsible for Fixed Assets Accounting, Inventory Accounting and Payroll Accounting
- Responsible for performance delivery according to agreed SLAs & KPIs in line with the Shared Service Centre standards and respective country norms.
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