The posting
Team Lead – General Accounting (Grade 16)
## Company Overview ABB is a global leader in technology and engineering, committed to driving diversity and inclusion across all dimensions: gender, LGBTQ+, abilities, ethnicity, and generations. The company aims to energize the transformation of society and industry for a more productive, sustainable future.
## Job Summary As the Team Lead in General Accounting, you will report to the Accounting & Reporting Manager. Your primary responsibility will be to lead a team focused on the accurate and timely completion of bank reconciliations and related accounting activities within the General Accounting team, ensuring compliance with both internal and external regulations.
## Responsibilities - Monitor and manage the Bank Reconciliation Services (BRS) team, ensuring timely recording of bank transactions in the Central Finance (CFIN)/ERP systems. - Coordinate with business, Treasury, and Payroll teams to address unallocated transactions and prevent carryover into subsequent months. - Maintain and monitor exchange rate uploads in ERP systems and reconcile monthly exchange rates as per Control (CAR) requirements. - Review reconciled General Ledger (GL) accounts using group tools. - Oversee knowledge transfer (KT) and handle accounting activities from transitioning countries to the Bangalore hub. - Standardize accounting processes across all business clusters. - Implement newly developed programs to enhance accounting processes across clusters. - Address internal and external audit queries by providing necessary clarifications and supporting documentation. - Initiate quality improvement initiatives within the accounting processes.
## Qualifications - Bachelor’s or Master’s degree in Accounting, Finance, or Commerce. - Minimum of 10-15 years of experience in general accounting, reporting, reconciliation, and processing journal entries. - At least 5-10 years of experience specifically in Bank Reconciliation activities within a large organization. - Proven experience in Record to Report (R2R) processes. - Flexibility to work various shift timings. - Strong communication skills. - Proficient in MS Office; knowledge of SAP is essential.
## Preferred Skills - Experience in a multinational corporation and familiarity with diverse accounting systems. - Advanced skills in financial software and data analytics.
## Experience - 10-15 years of relevant experience in general accounting, with significant exposure to reconciliation and journal entry processes.
## Environment - Work model is on-site or hybrid. - Located in Bangalore, Karnataka, India.
## Salary - Salary information is not specified.
## Growth Opportunities - Opportunities for career advancement within the company's Finance and Accounting operations, and potential for broader leadership roles in global finance.
## Benefits - ABB offers a comprehensive benefits package including health insurance, paid leave, and work-life balance initiatives.



