Accounting Specialist

Job Description

As an Accounting Specialist here at Honeywell, you will be responsible for managing and executing various accounting tasks, ensuring accuracy and compliance with company policies and regulations. You will play a crucial role in maintaining financial records, preparing reports, and supporting the overall financial health of the organization.

In this role, you will impact the organization by ensuring the accuracy and integrity of financial information, which is essential for informed decision-making and strategic planning. Your attention to detail and expertise in accounting will help maintain compliance with financial regulations and contribute to the overall financial stability and success of the company.

Responsibilities

Key Responsibilities

Critical activities of the job

InterCo

• Responsible for supporting Honeywell SBG Specific Intercompany activities
• Need end to end understanding of Intercompany cycle/workstreams, including Intercompany Accounting, Intercompany Reporting, FX Hedging, IC Settlements & Policy Compliance
• Month end reconciliation for accurate month end reporting.
• Ensure Inter Co accounts are analyzed for aged imbalances and action plan being timely documented and makes sure account reconciliations are delivered with quality.
• Identify and resolve month-end close issues and material differences.
• Cleanse IC master data for obsolete trading partners.
• Work on resolving out of balances, and ensure entities line up to IC policy and procedures.
• Analysis of the IC GL accounts on a periodical basis, including policy enforcement.
• Ensure Interco practices are compliant to locations supported
• Manage Intra-company and resolution of Equity reporting for cross company transactions for multi-SBG entities.
• Manage and propose appropriate corrections to GRIR account working alongside controllers and procurement.
• Be the focal point to co-ordinate Corp recharges, including coding and recording
• Monitor Interco queues; act as tier 2/3 resolution/coordinator
• Ensure month-end discrepancies are resolved and closed out within the set timelines.
• Focus on relevant metrics and develop action plans based on metric outcome.
• Reduce exceptions through root cause analysis and implementation of solutions.
• Build effective working relationships with business contacts.
• Act as Subject matter expertise (SME) and help drive process re-engineering & transformation efforts.
• Work closely with key stakeholders like controllers, CFLs/RFLs, and other SBG Inter Co. contacts
• Reduce exceptions through root cause analysis and enforce standardization, unless inevitable due to local legal compliances.
  
  

Qualifications

Competencies

Specific knowledge, skills and experience needed to successfully undertake duties of the job

Education and Certifications

• MBA Finance and B. Com or CA/CMA/CS Intermediate Level
  
  

Required Experiences

• 5 + years of overall finance experience.
• Finance or Accounts graduate. Must have worked in finance domain for at least 7+ years
• Minimum 7+ years of experience in Accounting.
  
  

Knowledge and Skills

Critical

• Hands on experience with SAP GL, AR & AP and Data analytics tools
• Preferable Work experience on consolidation platforms like Hyperion Reporting systems.
• Good knowledge of Inter Company billing concepts, processes & best practice.
• Good knowledge of US and/or other GAAPs.
• Strong technical and analytical skills.
• Knowledge of R2R concepts, processes, best practices and value addition process initiatives and execution, & Banking domain expertise.
• Excellent communication and interpersonal skill are desirous.
  
  

Preferable

• Exposure to full close processes for a multi-national group.
• Proactive, ability to use own initiative and partner to devise creative solutions.
• Having an audit experience will be an added advantage.
• Strong knowledge of MS Office (Word, Excel, PowerPoint).
• Flexibility to work shifts & exposure to global customers.
  
  

Behaviors/Attributes (8 Honeywell or COO Mindset)

• Be Highly Committed
• Be a Zealot for Growth
• Passion for winning
• Be Courageous
• Think Big…Then Make It Happen
  
  

About Us

Honeywell helps organizations solve the world's most complex challenges in automation, the future of aviation and energy transition. As a trusted partner, we provide actionable solutions and innovation through our Aerospace Technologies, Building Automation, Energy and Sustainability Solutions, and Industrial Automation business segments – powered by our Honeywell Forge software – that help make the world smarter, safer and more sustainable.