The posting
Job Summary The Intercompany Accountant is responsible for managing and reconciling intercompany transactions across group entities, ensuring timely month-end close, accurate financial reporting, and compliance with accounting policies. The role involves ownership of intercompany balances, Goods in Transit (GIT), Netting and Allocation Processes (NAP), Hold Accounts, AP/AR reconciliations, and GRIR analysis while collaborating with global stakeholders. Key Responsibilities Intercompany Accounting Manage end-to-end intercompany accounting processes across multiple legal entities. Ensure timely recording, validation, and settlement of intercompany transactions. Prepare and post intercompany journal entries in compliance with accounting standards and company policies. Investigate and resolve intercompany mismatches and reconciliation differences. Coordinate with regional finance teams to clear aged outstanding balances. Goods in Transit (GIT) Perform monthly review and reconciliation of Goods in Transit balances. Analyze aging items and collaborate with logistics, supply chain, and business teams for timely resolution. Ensure accurate recognition of inventory and corresponding intercompany entries. Monitor open transit transactions and support period-end reporting requirements. NAP (Netting and Allocation Process) Execute intercompany netting activities and settlement processes. Validate netting positions and ensure proper allocation of balances between entities. Investigate exceptions and discrepancies in netting cycles. Support cash settlement and treasury teams during intercompany settlements. Hold Account Management Review and reconcile hold/suspense accounts on a periodic basis. Analyze unidentified transactions and coordinate with stakeholders for proper classification. Ensure timely clearance of outstanding hold balances and maintain supporting documentation. Drive reduction of aged items through regular follow-up and escalation. Accounts Payable & Accounts Receivable Reconciliation Perform monthly AP and AR intercompany reconciliations. Reconcile sub-ledger balances with general ledger accounts. Investigate and resolve invoice, payment, and booking discrepancies. Work with global counterparts to achieve intercompany balance alignment before close. Ensure compliance with account reconciliation policies and SOX/internal control requirements. GRIR (Goods Receipt Invoice Receipt) Review and reconcile GRIR accounts on a monthly basis. Analyze aged GRIR items and coordinate with Procurement, Operations, and AP teams for resolution. Monitor unmatched goods receipts and invoices. Ensure accurate accruals and timely clearing of open GRIR balances. Support audit requests by providing detailed reconciliation and supporting documents. Month-End Close Activities Support monthly, quarterly, and annual close processes. Prepare balance sheet reconciliations and review schedules. Ensure all reconciliations are completed within agreed timelines. Provide variance analysis and commentary on key balance sheet accounts. Support internal and external audits. Required Qualifications Bachelor's degree in Commerce, Accounting, Finance, or related field. CA Inter, CMA, MBA Finance, ACCA, or equivalent qualification preferred. 4-6 years of experience in Intercompany Accounting, Record-to-Report (R2R), or General Ledger functions. Strong understanding of AP, AR, GIT, GRIR, and balance sheet reconciliations. Experience working in a shared services/BPO/Global Capability Center environment. Rewards designed for you Our Total Rewards is our way of saying: We see you and we value you. It’s more than just pay and benefits—it’s a meaningful investment in you. It is designed to help you perform, grow, feel safe, and elevate your potential. The package helps you care for yourself and your family, plan your future, grow your skills and career, collaborate in an inclusive workplace, and contribute to your community. At Schneider Electric, we’re here for what matters most to you. Discover more at our Career Page. * Country-specific programs and initiatives may be available. Looking to make an IMPACT with your career? When you are thinking about joining a new team, culture matters. At Schneider Electric, our values and behaviors are the foundation for creating a great culture to support business success. We believe that our IMPACT values – Inclusion, Mastery, Purpose, Action, Curiosity, Teamwork – starts with us. IMPACT is also your invitation to join Schneider Electric where you can contribute to turning sustainability ambition into actions, no matter what role you play. It is a call to connect your career with the ambition of achieving a more resilient, efficient, and sustainable world. We are looking for IMPACT Makers; exceptional people who turn sustainability ambitions into actions at the intersection of automation, electrification, and digitization. We celebrate IMPACT Makers and believe everyone has the potential to be one. Become an IMPACT Maker with Schneider Electric – apply today! €40 billion global revenue +9% organic growth 150 000+ employees in 100+ countries You must submit an online application to be considered for any position with us. This position will be posted until filled. Schneider Electric aspires to be the most inclusive and caring company in the world, by providing equitable opportunities to everyone, everywhere, and ensuring all employees feel uniquely valued and safe to contribute their best. We mirror the diversity of the communities in which we operate, and ‘inclusion’ is one of our core values. We believe our differences make us stronger as a company and as individuals and we are committed to championing inclusivity in everything we do. At Schneider Electric, we uphold the highest standards of ethics and compliance, and we believe that trust is a foundational value. Our Trust Charter is our Code of Conduct and demonstrates our commitment to ethics, safety, sustainability, quality and cybersecurity, underpinning every aspect of our business and our willingness to behave and respond respectfully and in good faith to all our stakeholders. You can find out more about our Trust Charter here Schneider Electric is an Equal Opportunity Employer. It is our policy to provide equal employment and advancement opportunities in the areas of recruiting, hiring, training, transferring, and promoting all qualified individuals regardless of race, religion, color, gender, disability, national origin, ancestry, age, military status, sexual orientation, marital status, or any other legally protected characteristic or conduct.
